General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
this is pvt message by nifty Taurus a couple of months before
I have completed my task to watching 1000 of charts .Even I manually do bar by bar replay in amibroker..& test them manually & take entry & exit as I would have taken in real market..tested on last 16 monthes, nifty future ..resuls is as folows:
1) in 16 mothes, total trade: 316, profit trade:219,loss trades:97...success rate- 70%
2)risk mangemet- max trades in a day-2..if first trade is right, no 2nd trade for day..if first trade wrong, then only second trade taking...if 2 losses, no trade for a day
3) exit: no profit taking before 1:2 reward..in testing, i took 2R in every trade compulsirily or initial Sl should be given..in nifty,sl didnot give more than 20 points..
4)month by month, if we take 1% risk on per trade...MOM profit% is in range of 12% to 30% with not a singel loss monthes..
5) probability success month by month is vary from 50% to 86%..
I am very excited about those results..Now I wan to trade those setups in real market in nifty with same MM.
posted here to show the hardwork behind that 8% return. some still say intraday trading profitability not possible.if u workhard anything is possible.sorry niftytaurus for sharing a pvt msg here hope u don't mind.i know one month is too short but making 8% just trading nifty in a tough month is great. keep going all the very best .
hope people don't run after ur system now.everyone needs to create their own holy grail suiting his personality.
I have completed my task to watching 1000 of charts .Even I manually do bar by bar replay in amibroker..& test them manually & take entry & exit as I would have taken in real market..tested on last 16 monthes, nifty future ..resuls is as folows:
1) in 16 mothes, total trade: 316, profit trade:219,loss trades:97...success rate- 70%
2)risk mangemet- max trades in a day-2..if first trade is right, no 2nd trade for day..if first trade wrong, then only second trade taking...if 2 losses, no trade for a day
3) exit: no profit taking before 1:2 reward..in testing, i took 2R in every trade compulsirily or initial Sl should be given..in nifty,sl didnot give more than 20 points..
4)month by month, if we take 1% risk on per trade...MOM profit% is in range of 12% to 30% with not a singel loss monthes..
5) probability success month by month is vary from 50% to 86%..
I am very excited about those results..Now I wan to trade those setups in real market in nifty with same MM.
posted here to show the hardwork behind that 8% return. some still say intraday trading profitability not possible.if u workhard anything is possible.sorry niftytaurus for sharing a pvt msg here hope u don't mind.i know one month is too short but making 8% just trading nifty in a tough month is great. keep going all the very best .
hope people don't run after ur system now.everyone needs to create their own holy grail suiting his personality.
Dear Fellow traders
Today I am very emotional..would like to share my emotions with you.
Today is a small mile stone of my journey.1 month is too short to access success..I need to do same performance atleast for 6 monthes to 12 monthes to get confidence or to get a feeling that I have achivied anything..so I am not too excited about results /performance..though this journey started with only motivation of EARNING MONEY..but now I love that process of trading..
This journey was more than a 3 year long process..trust me with lot of pains,tears,sadness,frustation,bonebreaking hardwork, sleepless nights reading & searching various forums, spending whole night just testing some systems to know that it will not work..
In this 3 years journey, I havenot earned much but loss a lot..I sacrificied my peace, my 7 figured salary job,my whole corporate career for future, my social life, 3 precious years of my youth which I can used otherwise, my whole social life , fun time with my family & my sleep..
& the most important I lost my Health..I dont have any bad food or lifestyle habits..I never smoke,I never drink, I am pure vegetarian & dont drink tea/cofee or dont eat junk foods..I do everything which is good for health..healthy food,walking & maintain healthy weight ..
But still I did 3 bad mistakes of my life which took a toll on my health..
1) No Regular exercise
2)No Sleep
3)Lot of stress/ pressure to achivie my goals.
I have become prisoner of my own dreams & goals..
My all vital organs tests are ok & completelly healthy..but I have got a rare kind of auto immune conditions which happens once in million & which is the most rarest kind of disease..& top of that medical science has no complete cure for that..I have to live with that my whole life..
so Dear friends, I lost a lot in this process..which I still dont know can be recovered or not..monetary loss can be recovered..but somethings never recovered..
so we should feel gratitude what we have..not running after what we dont have..when right time comes, things will come to you..
but in this journey, many people helps..my family is constantly supporter for me..leaving job & doing trading was a big decision for them also both financially & socially..but they suppoted my every decision..
In this 3 year of my journey, many traders who helps me in learning ..I have been rememebring them..though I never meet them..all are virtual friends & mentors..
First I would like to thanks to the Owner of this site..TRADERJI.I have listened that a multimillion TRADERJI is owner of this site..ST sir must know him personally..please convey my regards to him..he gives a platform to traders to learn & flourish..we all should thankful to that person behind that site..
I would like to thanks ST Da who keeps replying my queries in those 3 years constantly without getting irritated ..though some of my queries were really stupid/innocent..I have learnt a lot form him..especially value of price action trading & risk management..
My journey couldnot be possible without RJshem Sir help & Support..he gave me a perspective to see price action in different perspective..he gave me the seed of idea to see price action with objectivity..
I would also like to thanks Shubhadeep Sir to start a new thread & share his learnings & charts...his thread "double your money in 40 trades" gives me inspiration to thing big & still challenges me ...One day I may be able to do that what he has done..
I would also like to thanks some of my senior traders & fellow traders who helped me in every step of whatever queries or help I needed..especially Pratap Sir,who shares his Afls & knowledge generouslly &helps whenever required.
Heartiest thanks to my senior traders saint Sir, xray27 sir ,Amitrandive sir,Hem sir,Timepass Sir, vijay sir,Columbus sir, Thlacouile,Raghav sir,Avny sir,niranjanam sir ,praveen sir, ravitrader &my buddies vijkris & vivek trader & many more who directly or indirectly helps me in this learning journey (sorry If I forget any name as list is really very long as so many people gave their helping hands on every step).traderji is a very good platform to meet buddy & helping traders..
Above all, A one person couldnt be forgotten who will be always in my prayers & I felt deep gratitude for him..without his help, I couldnt proceed on my journey..he will be always in my heart with lots of gratitude..& he is our fellow trader Rajesh Sir..Last June, when I was struggling how to backtest...he is the ONLY one who gave me amibroker & taught me patiently how to feed data into it & how to use it...trust me I dont know abc of amibroker & data at that time..I cannot forget his debt whole life..Thanks a lot Rajesh bhai..I coudnt forget you my whole life.God has sent you for my help..
Sorry Friends, I am a like of emotion person so when I start talking I blabber a lot..sorry to bother you all..This traderji & all fellow traders rock..
I hope I will always get your help,support & motivation in every step in coming journey..as this journey is non stop..
thanks a lot & cheers!
Today I am very emotional..would like to share my emotions with you.
Today is a small mile stone of my journey.1 month is too short to access success..I need to do same performance atleast for 6 monthes to 12 monthes to get confidence or to get a feeling that I have achivied anything..so I am not too excited about results /performance..though this journey started with only motivation of EARNING MONEY..but now I love that process of trading..
This journey was more than a 3 year long process..trust me with lot of pains,tears,sadness,frustation,bonebreaking hardwork, sleepless nights reading & searching various forums, spending whole night just testing some systems to know that it will not work..
In this 3 years journey, I havenot earned much but loss a lot..I sacrificied my peace, my 7 figured salary job,my whole corporate career for future, my social life, 3 precious years of my youth which I can used otherwise, my whole social life , fun time with my family & my sleep..
& the most important I lost my Health..I dont have any bad food or lifestyle habits..I never smoke,I never drink, I am pure vegetarian & dont drink tea/cofee or dont eat junk foods..I do everything which is good for health..healthy food,walking & maintain healthy weight ..
But still I did 3 bad mistakes of my life which took a toll on my health..
1) No Regular exercise
2)No Sleep
3)Lot of stress/ pressure to achivie my goals.
I have become prisoner of my own dreams & goals..
My all vital organs tests are ok & completelly healthy..but I have got a rare kind of auto immune conditions which happens once in million & which is the most rarest kind of disease..& top of that medical science has no complete cure for that..I have to live with that my whole life..
so Dear friends, I lost a lot in this process..which I still dont know can be recovered or not..monetary loss can be recovered..but somethings never recovered..
so we should feel gratitude what we have..not running after what we dont have..when right time comes, things will come to you..
but in this journey, many people helps..my family is constantly supporter for me..leaving job & doing trading was a big decision for them also both financially & socially..but they suppoted my every decision..
In this 3 year of my journey, many traders who helps me in learning ..I have been rememebring them..though I never meet them..all are virtual friends & mentors..
First I would like to thanks to the Owner of this site..TRADERJI.I have listened that a multimillion TRADERJI is owner of this site..ST sir must know him personally..please convey my regards to him..he gives a platform to traders to learn & flourish..we all should thankful to that person behind that site..
I would like to thanks ST Da who keeps replying my queries in those 3 years constantly without getting irritated ..though some of my queries were really stupid/innocent..I have learnt a lot form him..especially value of price action trading & risk management..
My journey couldnot be possible without RJshem Sir help & Support..he gave me a perspective to see price action in different perspective..he gave me the seed of idea to see price action with objectivity..
I would also like to thanks Shubhadeep Sir to start a new thread & share his learnings & charts...his thread "double your money in 40 trades" gives me inspiration to thing big & still challenges me ...One day I may be able to do that what he has done..
I would also like to thanks some of my senior traders & fellow traders who helped me in every step of whatever queries or help I needed..especially Pratap Sir,who shares his Afls & knowledge generouslly &helps whenever required.
Heartiest thanks to my senior traders saint Sir, xray27 sir ,Amitrandive sir,Hem sir,Timepass Sir, vijay sir,Columbus sir, Thlacouile,Raghav sir,Avny sir,niranjanam sir ,praveen sir, ravitrader &my buddies vijkris & vivek trader & many more who directly or indirectly helps me in this learning journey (sorry If I forget any name as list is really very long as so many people gave their helping hands on every step).traderji is a very good platform to meet buddy & helping traders..
Above all, A one person couldnt be forgotten who will be always in my prayers & I felt deep gratitude for him..without his help, I couldnt proceed on my journey..he will be always in my heart with lots of gratitude..& he is our fellow trader Rajesh Sir..Last June, when I was struggling how to backtest...he is the ONLY one who gave me amibroker & taught me patiently how to feed data into it & how to use it...trust me I dont know abc of amibroker & data at that time..I cannot forget his debt whole life..Thanks a lot Rajesh bhai..I coudnt forget you my whole life.God has sent you for my help..
Sorry Friends, I am a like of emotion person so when I start talking I blabber a lot..sorry to bother you all..This traderji & all fellow traders rock..
I hope I will always get your help,support & motivation in every step in coming journey..as this journey is non stop..
thanks a lot & cheers!
Hi buddy, its OK to be emotional (we all are), great going in the month of June, I am sure you will only progress from here.
Regarding your autoimmune problem, if it can't be cured, there must be ways to keep it under check, wish you all the luck for that. Please be frequent on traderji, it will help you get rid of stress related to trading.
You are a hard working guy with a strong will power, you don't need any advice or anything, just wishing for your healthy life and trading wealth.
Good luck always
Vivek
Regarding your autoimmune problem, if it can't be cured, there must be ways to keep it under check, wish you all the luck for that. Please be frequent on traderji, it will help you get rid of stress related to trading.
You are a hard working guy with a strong will power, you don't need any advice or anything, just wishing for your healthy life and trading wealth.
Good luck always
Vivek
Great story NT brother,about your learning quest !!! ,as we all know TRADING IS SIMPLE. IT’S JUST NOT EASY
There is really a direct correlation between traders who are good and traders who are not.That difference is preparation,Preparation and repetition is what makes anyone great at what they do. But preparing is not easy. It takes focus, will, and a lot of discipline. In trading that translates to having a very specific trading plan, with specific rules and the discipline to do it every single day. And as you prepare yourself everyday in your approach to the markets, you’ll find that trading becomes simple. It becomes effortless.
So if you want to be a good trader, scratch that – if you want to become a great trader, step back and think about what it really takes, and prepare yourself. It won’t be easy, but sooner or later you’ll realize how simple it really is.you proved it in style..
Once again you proved "when going gets tough,The tough gets going"..keep it up ..and keep posting !!!
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