General Trading Chat

Dear St Da & Fellow Traders
Today I completed my first month with trading( I meant I have been doing it for monthes but this month, I got it done execution by one of my family members as I am not doing well health wise, so for my family member its first whole month doing execution but ya though I came sometimes infront of chats & screen wherevr required,to use my Price action DISCREATION)
Istrument- NIFTY- FUTURE Only
June is average month for me..but with proper risk management as much as we could..I want to show result not for showing but proper REVIEWS & FEEDBACKS & SOLUTIONS
1) Risk per trade is 1% of capital..not more than 2 loss in a day
2) total trading days-24 days
total profit days=17 days
total loss days=7
total trades =32
Profit tades=18
loss trades=14
probabilty of trades =56%
3) R is always same for risk..1% of capital..means 1R every time..we doesnt add or trail ..& its fixed ratio for reward..Risk & reward slightly vary as SLippage sometimes risk slightly or decrease profits also..
4) But final Result/Profit After SLIPPAGE,BROKERAGE, & TAXES are follows
PROFIT R- 20R
LOSS R---12 R
so NET PROFIT- 8R OR 8% IN MONTH OF JUNE
5) I know those results are not great...last 2 weeks was not good..first 3 weeks were better..
6) Profit before Cost of trading but after slippage it was 12.83%...
7) profitabilty Expectancy was +1.66
8) average trade per day was 1.33...but some 4.5% of CAPITAL goes in cost..I mean almost 4.5 R was cost of trading..but slippage was excluded
9) we have done some mistakes also..as seeing probabilty of success...we should have make
Profit trades= 18 multiply by REWARD 2= 36 R ( Which should be idle acording to plan)
loss trades-14 multiply by RISK 1 = 14R
COST OF TRADE= 5R
SO Profit should have been 17R means 17%
but it couldnt happen
Slippage & psychology came between it..

Kindlly give your valuable suggestions & feedback for improvement
thanks
 

rip07

Well-Known Member
Niftytaurus,

It is a very good performance, if you maintain like this for another 12 months, I am sure you will not need to ask anyone.

I see that in last you are feeling bad about missing. Fear of missing leads costly mistakes... "Zurich Axioms".

So, do not let down yourself for such feelings that you could do this or that, start appreciating what you got... will help you a lot trade better, do not repeat what you think was not correct.. feel bad about what you couldn't have done.

rip07
 
4) But final Result/Profit After SLIPPAGE,BROKERAGE, & TAXES are follows
PROFIT R- 20R
LOSS R---12 R
so NET PROFIT- 8R OR 8% IN MONTH OF JUNE
Are these results for day trades only ? If so, then the results are very good.
 

amandeep86

Well-Known Member
yes timepass bhai
All trades are Exclusively Intraday & only on Nifty-future
thanks a lot
Bro,

Results are pretty good..One suggestion dont change any thing in your plan to optimize it further.

Just focus on maintaining this 5-8% return for next 6 months...After that it will become ur second nature .

best of luck bro ...u are almost close...:clapping::clapping::clapping:
 

princy01

Well-Known Member
one of my Friend's friend , is doing something weird in trading , he does option writing on expiry day only , capital is 20 lac he gets intraday limit of selling about 60 or 70 k or 800-900 lots slowly not in one go ,nifty options , he only writes naked options and doesnt hedge them but keeps wide stop loss , since the start of weekly bank nifty options , he traded it also but in less qty . 8000 only .he told me his numbers

he never made a loss in last 5 expiries including weekly ones , these are his profits per expiry as on dates .

26th may -90000 (nifty)

2 jun -3500 (bank nifty)

9 jun -19000(bank nifty)

16 jun -67000(bank nifty)

23 jun -45000(bank nifty)

30 jun -170000 (nifty)

total =394500 RS

my question is he is making money and probably knows what he is doing , can we try to do that also ? is it a good idea ? he keeps stops for sure around 2 or 3 lacs in nifty options and 1.5 lacs on bank nifty

he says he can do it but will not advise me trying doing it .he watches trends and shorts only going down to zero option on expiry day.

any views please .

regards
 

princy01

Well-Known Member
Try trading that way on small quantity, to find out what are the finer points of that strategy.

Smart_trade
I don't know his strategy yet he is 10 years old trader he says he see lots of chart and data to decide which option to sell, he has his edge due to his long experience too, but I believe his overall edge comes from experience plus the data he uses to decide which option to sell
 

princy01

Well-Known Member
Considering market movement in June,these are good results.In a good month you can go upto 12-15 % net per month.Try to maintain consistency.

ST
Sir, like this guy shorting options, he is using high leverage in intraday, on 20 lac margin

Should we count profits on his margin to calculate percentage? Is it the way profits percentage will be calculated?
 

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