how much return you expect from commodity market

[Klewtar]

Thank You Very Much @Ashwani

I lost my nerve at 18:30 when silver didn't drop in price as expected and I then exchanged a short in silver for a long in lead.

Commodity trading is still new to me so I had not known the 5K profit rule/idea before adding a second unit.

What is the maximum amount of Lead that a single trader can trade on the MCX?

I had read somewhere than 20kg is the maximum weight of Gold Guinea (8g so 20 kg is ~2,500 units ) that a single person can trade on the MCX.

 

[ashwani chadha]

Thank You Very Much @Ashwani

I lost my nerve at 18:30 when silver didn't drop in price as expected and I then exchanged a short in silver for a long in lead.

Commodity trading is still new to me so I had not known the 5K profit rule/idea before adding a second unit.

What is the maximum amount of Lead that a single trader can trade on the MCX?

I had read somewhere than 20kg is the maximum weight of Gold Guinea (8g so 20 kg is ~2,500 units ) that a single person can trade on the MCX.

as voletility leval in commodity market is very high
suppose you buy three lot all zink lead alumini at a time and price of all the three falls at once two Rs kg each you will be in a loss of six thousand
if you dont book loss and market falls another one Rs now your loss will be 9000/-
as a result you will stop trading commodity market,considering
you suffered loss due to big guns manipulation
to avoid this position
i advise you, as your lead buying is 106/- once it reach 112/-leval
then you will be in a profit of 6000/-
now give stick stop loss of 2000/- to lead
it means your 4000/- profit is safe now
now add zink and give stop loss of 2000/- to zink also
let as assume now worse happens
and market falls at once
your both stop loss hit
still you left with profit of 2000/-in stead of worse happens !!!!
this way you will always be in the market!!!
my purpose of teaching is,who comes in commodity market,should not leave this market due to loses and all trader should prosper !!!!!

 

[pav]

my purpose of teaching is,who comes in commodity market,should not leave this market due to loses and all trader should prosper !!!!!

Great ashwani....:clapping::clapping::clap::thanx:

 

[amanfree]

klewtar never risk more than 2% of ur total equity in a single trade.

Please read Trading for living by Dr Alexander Elder

 

[pav]

Thank You Very Much @Ashwani

I lost my nerve at 18:30 when silver didn't drop in price as expected and I then exchanged a short in silver for a long in lead.

Commodity trading is still new to me so I had not known the 5K profit rule/idea before adding a second unit.

What is the maximum amount of Lead that a single trader can trade on the MCX?

I had read somewhere than 20kg is the maximum weight of Gold Guinea (8g so 20 kg is ~2,500 units ) that a single person can trade on the MCX.

Hello Klewtar,
on MCX site ......click at products.....here you can get all details about all commodity
http://www.mcxindia.com/

Lead - http://www.mcxindia.com/Uploads/Products/70/Lead_July_11.pdf
Gold Guinea - http://www.mcxindia.com/Uploads/Products/237/GoldGuinea_July_11.pdf

Pav

 

[Klewtar]

I had chosen lead(Mini) since I noticed that the prices are more stable when rising and falling than with Zinc (my previous preferred metal to trade.) My risk appetite has been lowered compared to when I started trading a couple of months ago and I now prefer to trade lead.

@Ashwani: Thank you for clarifying why I need to wait for a 6K increase even though a 2K or 3K increase may be sufficient. I am indeed new and a metal such as Zinc really does need a 6K gap between lots or trade sessions. I bought my second LeadMini lot on a semi-impulse (I had to soothe my nerves when SilverMic went long instead of short) at 99.25. In theory a stop loss of 2K means my trade is safe as long as the price doesn't dip to 97.25? I am now keeping aside an extra margin of 2K for each LeadMini, AluMini or ZincMini lot that I trade and will wait between price rises of 4K to 6K before making new trades.

@Amanfree: The book does seem interesting especially to read about trading from a psychiatrist + trader's POV.

@Pav:Thank you very much for the links. 2.5 MT (I'm not sure how many tonnes are in 1 MT) seems to be the maximum allowable Gold Guinea and not 20 kg.

 

[ashwani chadha]

I had chosen lead(Mini) since I noticed that the prices are more stable when rising and falling than with Zinc (my previous preferred metal to trade.) My risk appetite has been lowered compared to when I started trading a couple of months ago and I now prefer to trade lead.

@Ashwani: Thank you for clarifying why I need to wait for a 6K increase even though a 2K or 3K increase may be sufficient. I am indeed new and a metal such as Zinc really does need a 6K gap between lots or trade sessions. I bought my second LeadMini lot on a semi-impulse (I had to soothe my nerves when SilverMic went long instead of short) at 99.25. In theory a stop loss of 2K means my trade is safe as long as the price doesn't dip to 97.25? I am now keeping aside an extra margin of 2K for each LeadMini, AluMini or ZincMini lot that I trade and will wait between price rises of 4K to 6K before making new trades.

@Amanfree: The book does seem interesting especially to read about trading from a psychiatrist + trader's POV.

@Pav:Thank you very much for the links. 2.5 MT (I'm not sure how many tonnes are in 1 MT) seems to be the maximum allowable Gold Guinea and not 20 kg.

i used the fixed amount 2000/- just to teach you the basic principal of money management,which i use
but technically we hold end of day move with support
our stop loss is below support
but to reach at this leval that you can calculate,exact mathematical support,it may take another few years
but in the mean while you can use standard support and resistance system at your end
but at present as you are long in lead
i am also long in lead at present
at mathe support system,now when you are in a profit of 2000/- we will hold this move with stop loss which will be always below 2000/-
but once you will be in a profit of 10000/- in one lot.then it will be around 3000/- to 4000/-but your 6 to 7 thousand will be safe
and when you will be in a profit of 20000/- in one mini lot of lead
at that time for one or two days ,your stop loss may be 7000/-but at that time your profit of 20000-7000=13000 still be safe instead of 7000/-stop loss.
at present for mathematical stop loss you can take my help ,
for tues ,i will give exact stop loss with which you will hold your long in lead
THE BOOK IS ONE OF THE BEST BOOKS,WHICH AMAN FREE RECOMMENDED.IT IS A MUST READ FOR ALL TRADERS

 

[ashwani chadha]

i used the fixed amount 2000/- just to teach you the basic principal of money management,which i use
but technically we hold end of day move with support
our stop loss is below support
but to reach at this leval that you can calculate,exact mathematical support,it may take another few years
but in the mean while you can use standard support and resistance system at your end
but at present as you are long in lead
i am also long in lead at present
at mathe support system,now when you are in a profit of 2000/- we will hold this move with stop loss which will be always below 2000/-
but once you will be in a profit of 10000/- in one lot.then it will be around 3000/- to 4000/-but your 6 to 7 thousand will be safe
and when you will be in a profit of 20000/- in one mini lot of lead
at that time for one or two days ,your stop loss may be 7000/-but at that time your profit of 20000-7000=13000 still be safe instead of 7000/-stop loss.
at present for mathematical stop loss you can take my help ,
for tues ,i will give exact stop loss with which you will hold your long in lead
THE BOOK IS ONE OF THE BEST BOOKS,WHICH AMAN FREE RECOMMENDED.IT IS A MUST READ FOR ALL TRADERS

after studing the charts of all the nine basic commodities,my judgement is
TREND OF CRUDE OIL AND NATURAL GAS IS CLEAR LONG ON EOD BASIS AT PRESENT(MY JUDGEMENT MAY BE WRONG ALSO)

 

[ashwani chadha]

after studing the charts of all the nine basic commodities,my judgement is
trend of crude oil and natural gas is clear long on eod basis at present(my judgement may be wrong also)

all base metal pack which include copper/nickel/lead/zink/aluminium--is on reversal from short to long side-with in two to three days they should reach in clear long trend

 

[ashwani chadha]

all base metal pack which include copper/nickel/lead/zink/aluminium--is on reversal from short to long side-with in two to thre days they should reach in clear long trend

gold is at present in correction of long move,so showing weakness.but ultimately it should divert towards long side at present both long and short side are risky