Lets double the money in 40 trades

[Subhadip]

bthakwani,

No he is not trading 10 times his capital.....he is at risk by the difference between his entry and stoploss levels multiplied by the quantity he trades in a trade.....suppose his stoploss is 30 points away....and he wants to take 1.5 % of his capital as risk then he trades 1500/30 =50 BNF or 2 lots....so his loss if the trade goes wrong is 1.5% and not 5% or 10%.....

Risking 5% or 10 % on a trade in intraday is way too large in my view.....

Smart_trade

I second you mr. Smart trade

 

[VaibhavPRO]

This thread has lead most people into believing that 'Adding into a winning positions and increasing rewards' is formula to earn easily.

 

[Subhadip]

This thread has lead most people into believing that 'Adding into a winning positions and increasing rewards' is formula to earn easily.

It is one of the essence of earning...not the everything

 

[SavantGarde]

I stand corrected in terms of the figure.... where I have mentioned r1989 would be up 50% on the initial capital if he was up by 1 lac..... my mistake being that I assumed initial capital to be 2 Lacs.... therefore please disregard the figure of 1 lac in the post...it should have been 50K

Didn't want to edit the post since it was already quoted by Bthakwani in his post

SG

 

[VaibhavPRO]

bthakwani,

No he is not trading 10 times his capital.....he is at risk by the difference between his entry and stoploss levels multiplied by the quantity he trades in a trade.....suppose his stoploss is 30 points away....and he wants to take 1.5 % of his capital as risk then he trades 1500/30 =50 BNF or 2 lots....so his loss if the trade goes wrong is 1.5% and not 5% or 10%.....

Risking 5% or 10 % on a trade in intraday is way too large in my view.....

Smart_trade

So it means we should blindly add to our wining position when the new stoploss ( pivot low in case we have bought) covers the Max risk we can take in 1 trade.

Most people after reading this thread will try to do it and will end up giving there profits back to the market.

I think there should be a link in this thread to ST da's thread where he explains concept of adds to save beginers.

 

[DanPickUp]

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[SavantGarde]

Vaibhav,

Sound Trading strategy will always give you the 'Adds'... but only as far as Exponential Increase of profits.... certainly not a 'formula to earn easily'.

SG

This thread has lead most people into believing that 'Adding into a winning positions and increasing rewards' is formula to earn easily.

 

[Smart_trade]

This thread has lead most people into believing that 'Adding into a winning positions and increasing rewards' is formula to earn easily.

Yes Vaibhav....one of the secrets of profitable trading ,if there are any , is that you have to add and hold your winning positions till you see signs of change of trend. Adding and holding makes big returns on small and controlled initial risk. Without adds and hold one remains a marginally profitable trader...making some money here...loosing some there ...you will see all successful traders know this fact and they use it to their advantage.

Smart_trade

 

[VaibhavPRO]

Vaibhav,

Sound Trading strategy will always give you the 'Adds'... but only as far as Exponential Increase of profits.... certainly not a 'formula to earn easily'.

SG

Yes. I meant that only :thumb::thumb:

 

[Subhadip]

So it means we should blindly add to our wining position when the new stoploss ( pivot low in case we have bought) covers the Max risk we can take in 1 trade.

Most people after reading this thread will try to do it and will end up giving there profits back to the market.

I think there should be a link in this thread to ST da's thread where he explains concept of adds to save beginers.

If u have noticed minutely my adds r less in size than the original position....this is the clue