How many FullTime/Professional Traders here?

[joy_mitali]

Hello CV,
Sorry ,to notice this thread quite late--as I have been an infrequent visitor in recent times.Its really a grt feeling for me (and probably for all of us here) --to have u back again inTraderji.
As of myself --I m a teacher (of Maths and Physics) and a trader basically, trading in F&O---mostly intraday and swing trade. Though I have tried to put my head a lot in developing a perfect trading system(which actually helped me in understanding a few indicators ),---I found that in practical reality, one or 2 indicators with the knowledge of fibonacci retracement levels and a mixture of intutions, manual following of the rate of increase/decrease( with time) of the nifty levels, studying the open interest and finally a competitive brokerage structure can be practically helpful in trading--- specially in F&O.
Aspiring to become a full time trader in the near future---Lets hope that my dream becomes successful pretty soon!
Regards,
joy_mitali

 

[akashbothra]

Hello to all the members here.I am doing trading since july 2005.This is my only source of income.I follow both fundamental and technical analysis for trading.I am very thankful to this forum and its great members for helping me time to time.

My trading system is as follows:
First of all I find out those stocks which have good technical charts(for last 1 year).[e.g. charts of ABB,ACC,Reliance,JPAssociets etc.]

Then I find out the fundamentals of those selected stocks in terms of
a) sales and profit growth(at least 20% increase each year from last 5 years).
b) then the latest quarterly results (20% to 25% increase in sales and profit YOY).
c) Then I see has it maintained or increased its OPM and NPM or not.If it has negetive OPM then there is a pressure on its profit and it should be avoided.
d) Then I see if it has free cash flow or not.

If all the above criterias are fulfiled then those stocks can be bought.
Now the question arises that when should the stocks be bought.I buy them when the market crashes by putting Rs.3000 for first 10% fall from its top,Rs. 3500 for next 10% and so on. If the fall goes to say 100% then the investment would be of Rs.47,500.

After the fall is over then markets start to consolidate or start rising.I sell the purchased stocks before the second fall.I have seen from last 10 years data that whenever the chart of Nifty or Sensex crosess the 50 day moving avg. on the downside its going for a big fall.So I sell the stocks whenever Nifty crosses 50 day moving avg.

It was the strategy for long term investment.

For short term investment I use the remaining money after long term investments.In this case I just follow technical analysis.Every day in the evening I study charts of those stocks which I had selected as good technical charts previously.For short term investments I dont see fundamental data to much.

In this case I find out those stocks which have taken support at any level after falling for some days and have gone up.I buy them the next day and sell them the same day if they go up to give me 1% of my investment.If they dont do that I hold them 2 or 3 days and sell them after the target been achieved.I also keep a stop loss at the support level.(see the attached pic).

Bye and Gud Night.
Happy Investing.

 

[CreditViolet]

Hello CV,
Sorry ,to notice this thread quite late--as I have been an infrequent visitor in recent times.Its really a grt feeling for me (and probably for all of us here) --to have u back again inTraderji.
As of myself --I m a teacher (of Maths and Physics) and a trader basically, trading in F&O---mostly intraday and swing trade. Though I have tried to put my head a lot in developing a perfect trading system(which actually helped me in understanding a few indicators ),---I found that in practical reality, one or 2 indicators with the knowledge of fibonacci retracement levels and a mixture of intutions, manual following of the rate of increase/decrease( with time) of the nifty levels, studying the open interest and finally a competitive brokerage structure can be practically helpful in trading--- specially in F&O.
Aspiring to become a full time trader in the near future---Lets hope that my dream becomes successful pretty soon!
Regards,
joy_mitali

Excellent! Some great points in there.
All the best wishes j_m

CV

 

[CreditViolet]

Hello to all the members here.I am doing trading since july 2005.This is my only source of income.I follow both fundamental and technical analysis for trading.I am very thankful to this forum and its great members for helping me time to time.

My trading system is as follows:
First of all I find out those stocks which have good technical charts(for last 1 year).[e.g. charts of ABB,ACC,Reliance,JPAssociets etc.]

Then I find out the fundamentals of those selected stocks in terms of
a) sales and profit growth(at least 20% increase each year from last 5 years).
b) then the latest quarterly results (20% to 25% increase in sales and profit YOY).
c) Then I see has it maintained or increased its OPM and NPM or not.If it has negetive OPM then there is a pressure on its profit and it should be avoided.
d) Then I see if it has free cash flow or not.

If all the above criterias are fulfiled then those stocks can be bought.
Now the question arises that when should the stocks be bought.I buy them when the market crashes by putting Rs.3000 for first 10% fall from its top,Rs. 3500 for next 10% and so on. If the fall goes to say 100% then the investment would be of Rs.47,500.

After the fall is over then markets start to consolidate or start rising.I sell the purchased stocks before the second fall.I have seen from last 10 years data that whenever the chart of Nifty or Sensex crosess the 50 day moving avg. on the downside its going for a big fall.So I sell the stocks whenever Nifty crosses 50 day moving avg.

It was the strategy for long term investment.

For short term investment I use the remaining money after long term investments.In this case I just follow technical analysis.Every day in the evening I study charts of those stocks which I had selected as good technical charts previously.For short term investments I dont see fundamental data to much.

In this case I find out those stocks which have taken support at any level after falling for some days and have gone up.I buy them the next day and sell them the same day if they go up to give me 1% of my investment.If they dont do that I hold them 2 or 3 days and sell them after the target been achieved.I also keep a stop loss at the support level.(see the attached pic).

Bye and Gud Night.
Happy Investing.

Thanks for describing your approach.

CV

 

[swagat86]

Hey me too a Full time trader. As u may call so. Im actualy tryin to look for a Sound System for trading. no no i dont want a 100% sytem but must be gud on the Risk Reward . Among the ones i hav tried out are GAps, First Hr Range Breakouts, 3 Bar H-L system and Also Pivots. but still finding a better system. As im finding that im gettin killed on the Risk Reward front.


Lets C
And hope for the best.

 

[silhouette]

I'm basically an amateur who has aspirations of graduating into the big league. I believe one has to be cautions and don't let the market throw you out. Hang on and your time will come, whenever.
I think a lot depends on how one finds and absorbs information and how you processes the same.
I've been here a few days and seem to like this site which has great potential as a meeting point for genuine investors and the trading community in general.
Regards to the initiator of this thread and the people around here

 

[ramkumar84]

Hi,
I am doing trading for past 1 Yr
I am not full time trader,at the avg i hold stocks from a week to 3 months

 

[SavantGarde]

Please stand up! Describe yourself and your trading style.

CV

Hi CV,

I am a full time trader......have always been inquisitve about numbers & that's what got me started, wanting to breakdown figures to know what secrets they hold, I do trade in Nifty Futures most of the time & a little before the quarterly results are due, I take long position in a few CNXIT Future and square of the position on the day TCS is declaring results, they invariably declare it after the Market has closed.....and the returns on this not bad....

I manage Individual Portfolios provided the prospective investor agrees to the fact that I will trade only in Futures, basically same as what I do with my money...

My mission to let those whose immediate response to Futures Trading is "Oh! That's Very Risky"....is to turn them around to the Fact that it is the safest way to stay in the market & make some real Money.

The Pivot Points posted by me, is basically to be on the side of 'Smart Money'
Will let you know a little more about the System in another post.

By the way I also trade on Nasdaq & Dow...Yeaahhh keeps me awake in the through the night.........

I guess that's that for now.

Warm Regards

SavantGarde

 

[sai20_2000]

Iam a full time trader, doing intraday trades on Nifty Futures and Swing TRading on Select Futures.
I preferably use early breakouts(ACD) if detected and Fibbo Bands , so its not that the trade occurs everyday.

Regards

 

[gcvikranth]

I am an IT professional. Spend my spare time(more during the weekends) reading and understanding TA..
My strategy is yet to evolve...

Thanks,
Vikranth