Going with the Intraday Mini-Flow!!

[columbus]

pakatil,

980 points in just 8 days ,just 123 point per day ,is GREAT!!!.Personally
I believe any gain above 100 points is damn good.keep it going.I will
be happy if you can show your entry and exit on the GRAPH.

 

[pakatil]

The table shows "scalp", does it mean add ?

Smart_trade

Entry is with 2 Lots. One for Scalping and another for Flow. If the Trade goes in favor, Scalping is whimsical. 50 points or Initial SAR quantum or 100/125 points when I see huge momentum.

Cheers

 

[Sunil]

Entry is with 2 Lots. One for Scalping and another for Flow. If the Trade goes in favor, Scalping is whimsical. 50 points or Initial SAR quantum or 100/125 points when I see huge momentum.

Cheers

Some mistake in calculation, buddy...
If u entered with 2 lots & exited 1 lot in "scalp" trade and the 2nd lot as per the "flow", then you should average your exit price to know the CORRECT figure of your profit.... you have just added profit from scalp trade & profit from flow trade, and the resulting figure appears as if that was the total profit by selling 2 lots at one go....

the correct picture will be exactly half of what u have shown... reason as I just mentioned...

I think seniors will agree to this method of calculating profit....

Total GP = Rs 490 * 100 nifty = Rs. 49000
Assuming brokerage cost to be Rs 250 per trade of 100 nifty (both sides including), such exps. = Rs250 * 13 trades = Rs. 3250

So, Net profit = 49000-3250 = Rs 45750...

verify with your contract notes...

no misunderstandings to be there, bro

 

[columbus]

Some mistake in calculation, buddy...
If u entered with 2 lots & exited 1 lot in "scalp" trade and the 2nd lot as per the "flow", then you should average your exit price to know the CORRECT figure of your profit.... you have just added profit from scalp trade & profit from flow trade, and the resulting figure appears as if that was the total profit by selling 2 lots at one go....

the correct picture will be exactly half of what u have shown... reason as I just mentioned...

I think seniors will agree to this method of calculating profit....

Total GP = Rs 490 * 100 nifty = Rs. 49000
Assuming brokerage cost to be Rs 250 per trade of 100 nifty (both sides including), such exps. = Rs250 * 13 trades = Rs. 3250

So, Net profit = 49000-3250 = Rs 45750...

verify with your contract notes...

no misunderstandings to be there, bro

sunil,

I am not a senior,but still I can comment.

Your calculation gives PROFIT per LOT, his calculation gives GROSS PROFIT.He is correct as far as the calculation of total profit earned by you.

 

[vpsarathy]

pakatil,

You have done very well. I started on 6th only but from the next day restricted to 1 lot only as per my MM. Made some mistakes and made very little. Now I should not make any errors if I am to survive.

vps

 

[pakatil]

sunil,

Your calculation gives PROFIT per LOT, his calculation gives GROSS PROFIT.He is correct as far as the calculation of total profit earned by you.

Thank You Columbus for saving me from replying.

Cheers

 

[Sunil]

Entry is with 2 Lots. One for Scalping and another for Flow. If the Trade goes in favor, Scalping is whimsical. 50 points or Initial SAR quantum or 100/125 points when I see huge momentum.

Cheers

But, I must admit this is a very good idea on what parameters one should book part-profit....

Good one, Pakatil....

 

[pakatil]

verify with your contract notes...

no misunderstandings to be there, bro

Dear Sunil,

Thanks for the concern.

I never close my terminal at EOD, without recording the trades, computing Gains/Loss and costs involved there in. Will do Confirmation with the Contract Note, next day. Lucky enough not to have any differences till date.

Cheers

 

[columbus]

u mean to say, that i was wrong in calculation of gross profit...

man, i am quitting trading from monday, and going back to PRIMARY school to brush up my maths.


If mine 490 Gross profit per lot, then columbus, 980 is gross profit per...???

Pakatil, verify from your contract notes.... net profit is
98000-3250 = 94750
or
49000-3250 = 45750


I am not taking credit away from Pakatil.... we have been together in intraday sessions on some occasions...
i m just trying to present a correct picture, which otherwise seems propped up 980 points window dressing...

Sunil,

where is the ambiguity?Let us take fisrt short position:

1.Entry:3956 Exit:3856: Profit:100
2.Entry:3956 Exit:3882 Profit:74

Average per lot=(100+74)/2=87. Gross:174.

 

[musicjunkie]

Good show Pakatil ! Great work....

MJ-