My holy grail Las vegas casino style day trading strategy

[rajgreenpeace]

I will post my live trading.........from next Monday..............with this strategy.........

 

[raj_singh]

Ok guys m back ... .........this the simple formula.........i follow..........I wake up...after bath ......analyze my system.........only nifty..........or bank nifty........n follow CNBC 1 hour.........NDTV profit 1 hour.........if my system n 70 % expert predict nifty will move in green..........then I will.........buy.........nifty..........target 20 points...sl 15 points.........trading hour 3 mnt.......trading period opening bell..........dnt forget always trade with low brokerage like zerodha..........ok coming to the point.........example.......1 lot buy.......tgt 25 points.....sl 15 points..........if sl hit..........my loss will b....750 plus brokerege total 810........now u people think how strategy is holy grail.......ok.....my loss is 810.....ok good........what I m doing.......I shut down my computer.........enjoy with frnd...go for deep sleep ...after 6 pm....I analyze my system with expert comment......what they say.....next morning same thing m doing.......but now my tgt is 15 points and sl is 15........but I will buy 2 lot.........if my tgt hit...my profit wud b 1500-870=630 ........if sl hit........again.......my loss will b.........2370......next morng...I will follow same but now buy 5 lot............I never failed 5 day in a row..................now u guys back test.....n feed back...me.................

you have very good MM rules. Please elaborate what is your system to enter trade

 

[saivenkat]

Kindly clarify raj bro..

Do you double your lot size next day.. even if you have a successful trading day. (today)

or you would double lotsize on next day, only if your sl is hit on previous day.

 

[rajgreenpeace]

Kindly clarify raj bro..

Do you double your lot size next day.. even if you have a successful trading day. (today)

or you would double lotsize on next day, only if your sl is hit on previous day.

I will duoble if sl hit.............but no trading if my tgt achived...........

 

[rajgreenpeace]

you have very good MM rules. Please elaborate what is your system to enter trade

System is easy.........go with daily trend....and .........exprt.......view on TV..........if 70% expert and ur system...is same.........then........place order..........buy or sell............:thumb:

 

[prabhsingh]

System is easy.........go with daily trend....and .........exprt.......view on TV..........if 70% expert and ur system...is same.........then........place order..........buy or sell............:thumb:

What about people who cant watch TV as they have to do 08:00 to 05:00 job.Isn't there any pre-work that we can do with your system to trade next working day?

 

[jahan]

I will duoble if sl hit.............but no trading if my tgt achived...........

Hello,

ur using martingale strategy,for position sizing, which is very dangerous,wat i recommend is Anti-martingale strategy with ur system ,anyway its my opinion ,who ever uses Martingale position sizing they experience heavy drawdowns.
let say if u experience 10 consecutive losses u need to trade 1024 lots on 11th trade ,now think how many of u can able to trade 1024 lots ...........

lets say Bhai system is 80% accurate,for this there is a probability of getting 7 losing streaks, which means on 8th trade u need to bet/trade 128 lots .....

know ur risk taking ability before implementing martingale position sizing ....

regards,

 

[rajgreenpeace]

Hello,

ur using martingale strategy,for position sizing, which is very dangerous,wat i recommend is Anti-martingale strategy with ur system ,anyway its my opinion ,who ever uses Martingale position sizing they experience heavy drawdowns.
let say if u experience 10 consecutive losses u need to trade 1024 lots on 11th trade ,now think how many of u can able to trade 1024 lots ...........

lets say Bhai system is 80% accurate,for this there is a probability of getting 7 losing streaks, which means on 8th trade u need to bet/trade 128 lots .....

know ur risk taking ability before implementing martingale position sizing ....

regards,

u just practice of accuracy of ur system............I never beat 5day in a row...............

 

[jahan]

Hello,

About this System( My holy grail Las vegas casino style day trading strategy).

1). First of all its not Holygrail.(holygrail doesn't exits,and if anywhere it exits, holygrail doesn't have stop-loss hit in its Dictionary)
2).Its a discretionary system.
3).Totally depends on so called TV experts (its their own view and often they are wrong).
4). This system doesn't utilizes,"lets profit Run",it has predefined take profit level,even though if markets goes 50-60 points in favor.
5). it uses Martingale Position sizing method,which has serious drawdowns (According to rajgreenpeace he never faced more than 5 consecutive losses,which means on 6th trade u need to bet/trade 32 lots, plus u already taken loss on 31 lots from previous 5 trades,which means to be able to trade on 6th time after 5 losses u need Capital of around 63 lots, off-course including leverage ),to come to breakeven plus 1 lot profit of around 15/25 points, i think its not wise position sizing.

...........These all are my own views and my views need not to be correct in accordance with ur views.

regards,

 

[internet_fanbboy]

Gotta say, I completely agree with Jahan. This sort of systems very well untill 1 day it doesn't work and most of your capital is gone.

I have seen a system which had 93% success rate and it gave 6 consecutive loosing trades. Probability of that happening was once in more than 424 years, but it happened.

Hello,

About this System( My holy grail Las vegas casino style day trading strategy).

1). First of all its not Holygrail.(holygrail doesn't exits)
2).Its a discretionary system.
3).Totally depends on so called TV experts (its their own view and often they are wrong).
4). This system doesn't utilizes,"lets profit Run",it has predefined take profit level,even though if markets goes 50-60 points in favor.
5). it uses Martingale Position sizing method,which has serious drawdowns (According to rajgreenpeace he never faced more than 5 consecutive losses,which means on 6th trade u need to bet/trade 32 lots, plus u already taken loss on 31 lots from previous 5 trades ),to come to breakeven plus 1 lot profit of around 15/25 points, i think its not wise position sizing.

...........These all are my own views and my views need not to be correct in accordance with ur views.

regards,