My System - My trades.

[varunkochhar]

Why i have calculated at 50000 is because the initial position in all of these say costed a notional max of 250points (10000) now when we got adds we could have shifted to higher strike prices thereby surviving in this 50000 threshold.

 

[varunkochhar]

The theory is very simple for open minded people to understand. Our risk only remains till our 1st add, once we get that chances are that the worst case scenario would be a breakeven. The more adds you get, your profits grow exponentially. But the fault finders would find a fault anyways. Just waiting for them to poke holes in my theory again.

 

[varunkochhar]

That is why i do not want to divulge anymore of my tricks because of these Good (or shall i say) No Good samaritans who have nothing new to offer apart from what they read and saw on You tube.

 

[varunkochhar]

To take it one step forward when you have too many positions in hand you can play counter trend in 1min. charts as per the sell signals or buying puts of the nearest strike price of your sl one day prior to weekly expiry just as a hedge to lock in your profits in case of a sell off on weekly expiry. I for one got an opportunity to buy 25000 Puts at Rs.20 just after the RBI anouncement. (it made a panic low of Rs.17). I squared them off at 200+.

 

[varunkochhar]

In 1min TF there were 9 signals to short after the RBI announcement with hard SL at 200EMA. 8 were profitable to the extent of 1000+ points whereas the last signal was a loss of about 30 points.

 

[varunkochhar]

 

[varunkochhar]

People first laughed at the Turtle method too. Now look who is laughing. This method is purely mechanical. What gives us bumper profits is not our initial position, but our adds. So instead of following 5 or 10 scrips, if one were to take all trades thrown up by the system for 2 or 3 instruments only, i am sure you would retire very rich and then people would start wondering how you did it. You need to think like a business man (adding to your stocks of fast selling items in a season and selling them all if need be near the end of the season).

 

[varunkochhar]

Treat the 1st trade when a trend starts as funding a startup business. Adds are a way to pump in more money into the business. Booking out means earning the rewards of the success of the start up. Your role in all this is as a Venture capitalist. Some ideas work out more than ones expectations some others perform average some investments go down the drain.

 

[varunkochhar]

It is no joke to make a lot of money from practically nothing. Making 7 lacs from 70 lacs in one month is also no mean feat, but to make it from 50000 is a big big achievment. No subjectivty or bias. Just follow the market with clean clear predefined rules.

 

[varunkochhar]

The adds serve a dual purpose (in case you missed it), not only does it give you the most opportune time to take a trade in that particular TF, but it also tightens the sl for your positions in hand to let you book profits in case it hits.