how much return you expect from commodity market
- Thread starter ashwani chadha
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some where in between june,any time ,i am planning to give clear points to go short or long on end of day basis along with stop lose levals,my basic purpose will be, at least viewers of my thread while learning,instead of loosing they should earn some thing,very stick money management is part of all my trading techniques,wheather i earn or not but i never loose on monthly basis,so i will try my leval best to solve your money loosing problem at least and earning depends on your luck and grace of god
I have got 3g installed but the same will be active by tomorrow..so it seems I would be up and running by tomorrow....I lost so much because of this internet issues for last 1 month...all are in trend and would have got in at the right point but it seems I need to get in between trend with a set amount of profit in mind....cant carry it till trend completion...
Hi every body . I am fulltime commodity and equity trader. From last 4 months I have started trading in commodity and found it better than equity because here cost is very less and as I am currently working with R K global I have to 55-64(app) per trade inclusive of taxes charges etc. I am using amibroker for trading analysis and using high level studies for analysis. For this I thanz from my heart to all the traderji members who help in educating other novice members. Well what I want to share is my experience and view. I have started commodity with around Rs 100000. Initially I made good profit but lost money around 70000-80000 afterwords. Obviously everybody feel bad. But I am not the person who give up so easily. Because my entire dream is with these market as being middleclass no other way to be wealthy specially for me. I ask question to my self why this is happening with me after having good knowledge. What I found-
1) I am taking position more than my capacity which results square off by broker due to margin requirement. Later I got my target but that is of no use.
If you want to trade in 1 lot then you should keep money 3-4 times atleast specially for positional trade. When I break this discipline I lost money Rs 15000-20000 on those lots because broker is not listening.
2) Mcx database is ok but many time Indian chart mislead. I change my strategy for commodity after huge search. I found this- http://www.forexpros.com/quotes/us-dollar-index-advanced-chart, it is absolutely free but very useful and change my life. Now I am not a looser. Rules of analysis are same but when foreign market is having turnaround then only ours. No manipulation during Mon-Fri. Specially in crude, silver, copper which I usually trade.
But dont ignore Dollar Index which is most importatnt of all. These commodites is behaving with negative correlation with dollar index.Big call should be taken on this basis. I have earned Rs 800-1000 many times in silver per kg. I know I am not much knowledgable like other wise memeber but it works and help you alot.
3) Brokerage should be lowest for tradre. So I have choosen RK global which result in saving of atleast Rs 2000-3000. I am founding my broker is earning more then me but not now. By average trade earlier in a day is 20-40 lots of crude. I have to pay brokerage between Rs 130-150 per lot ( incusive of other charges & taxes) in Share Khan with 1 paisa brokerage. But now Rs 55-64 per lot as of now. Now I am trading 70- 100 lots without fear. I can trade for 1 point.
4) Here I am reading Rs 10000 can be made Rs 200000 in one year. Yes that is possible in my view. But every day is not our day. As per my calculation If you use Rs20000 and earn daily 1% and dont withdraw that money. You have to earn compoundedly 1% daily then it beacome Rs 10 lakhs within 200 days and if that is 5% then it become Rs 32 crores . Speaking all that is very easy practically when we work then we have face many sitution. As we are human greed & fear cannot be kept aside completely but by experience it can be reduced. For this you have to analyse yourself both your success and failure.
5) Current news which is most important if you can get it timely then you are king. Because it can change trends/Technicals without delay.
Be cautios.Dreaming is not bad but perfect planning with courage and broadminded attitude is necessary.
Thanz if I am wrong some where then I am sorry.
1) I am taking position more than my capacity which results square off by broker due to margin requirement. Later I got my target but that is of no use.
If you want to trade in 1 lot then you should keep money 3-4 times atleast specially for positional trade. When I break this discipline I lost money Rs 15000-20000 on those lots because broker is not listening.
2) Mcx database is ok but many time Indian chart mislead. I change my strategy for commodity after huge search. I found this- http://www.forexpros.com/quotes/us-dollar-index-advanced-chart, it is absolutely free but very useful and change my life. Now I am not a looser. Rules of analysis are same but when foreign market is having turnaround then only ours. No manipulation during Mon-Fri. Specially in crude, silver, copper which I usually trade.
But dont ignore Dollar Index which is most importatnt of all. These commodites is behaving with negative correlation with dollar index.Big call should be taken on this basis. I have earned Rs 800-1000 many times in silver per kg. I know I am not much knowledgable like other wise memeber but it works and help you alot.
3) Brokerage should be lowest for tradre. So I have choosen RK global which result in saving of atleast Rs 2000-3000. I am founding my broker is earning more then me but not now. By average trade earlier in a day is 20-40 lots of crude. I have to pay brokerage between Rs 130-150 per lot ( incusive of other charges & taxes) in Share Khan with 1 paisa brokerage. But now Rs 55-64 per lot as of now. Now I am trading 70- 100 lots without fear. I can trade for 1 point.
4) Here I am reading Rs 10000 can be made Rs 200000 in one year. Yes that is possible in my view. But every day is not our day. As per my calculation If you use Rs20000 and earn daily 1% and dont withdraw that money. You have to earn compoundedly 1% daily then it beacome Rs 10 lakhs within 200 days and if that is 5% then it become Rs 32 crores . Speaking all that is very easy practically when we work then we have face many sitution. As we are human greed & fear cannot be kept aside completely but by experience it can be reduced. For this you have to analyse yourself both your success and failure.
5) Current news which is most important if you can get it timely then you are king. Because it can change trends/Technicals without delay.
Be cautios.Dreaming is not bad but perfect planning with courage and broadminded attitude is necessary.
Thanz if I am wrong some where then I am sorry.
Last edited:
Hi
How much return you expect from commodity market ?
The following little statement I was reading years ago in a newspaper and I never forgot it. It was from a real pro in future trading and his words where like that :
If I lose every thing in my live and you borrow me at the begin of a new year 2000$, I will have at the end of the year at least one million$.
Some make it and act and some talk about it endless.
Take care
DanPickUp
How much return you expect from commodity market ?
The following little statement I was reading years ago in a newspaper and I never forgot it. It was from a real pro in future trading and his words where like that :
If I lose every thing in my live and you borrow me at the begin of a new year 2000$, I will have at the end of the year at least one million$.
Some make it and act and some talk about it endless.
Take care
DanPickUp
ut of nine main commodities,choose those which are in confirmed long trend,as on to day(FRIDAY CLOSING) aluminium and gold both are in confirmed long trend on end of day basis.- Status
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