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
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
