MCX Silver Real Time Trading Log - 20% ROI

[friendforevers0007]

Stoploss hitt

 

[marimuthu13]

8th Trade

Sell Silver May Fut at 51166

Trade no 8, closed with big loss of 300 points..

so now cumulative loss/profit after 8 trades for the month of April is - 490

 

[marimuthu13]

Once you have a System with Less Risk for High Reward Even 50% Winning it self good System

One can not become Good Trader with out facing Losses.

I Think you are adapting same system which you followed in March month.
IMO a Single System Can not give success in all Market conditions.

As per My experience Pivot levels works well in range bound Markets Moving Averages works well in Trending market.

But Real Skill needed to Predict it will Trend or Trade

Hi,
Piovt levels with candlestick patterns along with VWAP will work in all market conditions well..

Yes system is same which i used in the month of March'13..

Not to blame system..its me who made mistakes by violating rules..

After my complete year of real time trading log here, you will come to know the other facts abt system too..

yes, as you rightly said, loss is part of trader life, I agree, i don't believe make rich in overnight.. I will add profits, slowly and slowly..

 

[marimuthu13]

No muthu your calls are really good.. Who ever can use his own ideas with your levels they are still making profit daily, even if ur sl hits.. Today morning also i made profit by using ur levels..this is the first time i made continuous 2 weeks profit..
And my money is double now.. Who are all strictly following your calls daily ,by the end of the month ,every ones account il be gng to end with profit only.. There is no doubt in that..
Bsce ur sl is very small.. So hereafter i m only gng to follow ur calls daily.. And thanks for posting calls here..

Feeling little relief now as some one getting some small penny out of my given levels ..

 

[marimuthu13]

Summery for the month of April'13

So 1st week of April was over ..

bad start for the month.. not to blame anything..

my real account is with little more than BE now..( 2 off record trade of 330+330 points+ crude oil 2100 rs) ..

If anyone lost real money, because of my trades, my sincere apologizes for those losses.. if u have fear, please stay way from this thread ..because both greed and fear will make us looser permanently...

Now coming back to losses for the 1st week of April 2013, these are 3 key mistakes i have done, and hoping to avoid it in future for better trades..

Mistakes no 1 - Trading in office hours, as I don't have charts infront of me to take quick decision when trades goes against my entry..( my rule was trading on office hours only..RULES was broken, and paid off well too..)

Mistakes no 2 - Over trade..( you all know my rules and its too broken)

Mistakes no 3 - started thread like Trade log, then later it was turned out like giving calls ( as pointed out by Neo_trader), thanks for him for pointing out this mistake).. So in future , it will trade log only..

 

[MARUTIMANE]

Dear Muthu,

Could you post your study chart along with levels (Piovt,Candelstick patters)enable us to find clear picture.

Thanks and regards

 

[marimuthu13]

Dear Muthu,

Could you post your study chart along with levels (Piovt,Candelstick patters)enable us to find clear picture.

Thanks and regards

Hi,

From next week, whenever I make entry, i will post charts on live..for better understanding..

 

[marimuthu13]

Guys,

Keep a eye on Sanjaysr thread for trading in silver as his trades are amazing..you can make quick and almost sure profit out of his entry..

I saw his another thread on Niffty Future positional trading too..it was also excellent thread but few people spoiled that thread..

 

[karanthakkar85]

Muthu Sir,

If you dont mind could you explain the basics of the candle stick theory and support / resistance levels etc..

I am a fresher just started trading a week back and already lost 1.5 lakhs out of 3 Lakhs. .. plan to start trading using your calls from Monday and hope to recover atleast 50% of what i lost by May end ...

 

[Placebo]

Re: Summery for the month of April'13

my real account is with little more than BE now..( 2 off record trade of 330+330 points+ crude oil 2100 rs)

No disrespect man. Since the thread is more or less a trade log isn't it redundant to mention about off record trades ? Wasn't the point of the thread to show trades in real time ? Seems a little contradictory to me.

Cheers