Playing since 2005 lost 13+3 lakhs

[stock72]

2. 2/09/2013
Might be slight bearish. Today EOD will take 1/4 of postion on bearish side.

1/4 = means quater of total position i would able to take.

1. 30/08/2013
Might be very strong bulls day .. if gap up and market steady for next 20 minutes i will go long with large position.. if market open flat then no second thought-- simply go long .. but will wind up at EOD

review comments
Some what prediction went fine till mid of day . Say 50%correct

 

[stock72]

@ Poortrader ,

I guess you might reply for the below conversation but have not turned out ......anyway..

The sole point is we can have TA charts and prove for both Bearish and bullish view on the market on any given moment. So the catch is the believe in our system going to earn money in the market. The moment we lost believe we lost.

How to believe a system?
Only option is back testing. No other go.

Ok even after back testing and found good results and based on that once we entered the market and unfortunately market goes against as, to what extend we can continue our belief?

Money management is the only option.

Apart from this there NO great deal in trading and I turned the table in last two months to completely profit. Time has to tell how long my success will continue.

so that me and others can learn..simple

ya... but it will not take much greater time to pull out some other TA chart to proove tommorow might be a stong bearish day ...

 

[Cubt]

Hi, so last 2 months ru folowing any mechanical systems such as afl or some sort of signal based trading?

 

[stock72]

Form last oct 2012 I am following a system .. For signals ..almost 90%of time ...but very strict in position sizing and Money management

Hi, so last 2 months ru folowing any mechanical systems such as afl or some sort of signal based trading?

 

[Cubt]

Thats great... after trading 5 years in equity recently I have started trading in commodity based on signals and am happy about the positive returns.

Could u pls tell me the essential things we need to follow when we r using such systems?

 

[Cubt]

Form last oct 2012 I am following a system .. For signals ..almost 90%of time ...but very strict in position sizing and Money management

Also it would be helpful if u could tell us the position size n money management rules that u r following.

 

[stock72]

OK. let me list out the things

once I got signal from the system I simple go along as per that .
1) if signal is very weak i will take only 1/4 of position . if market moves on my favour and signal gets stronger then go add next 1/4 qty and so on .
If market moves against me and signal gets fade then exit at a level when my calculated loss reached.
2) No stop loss. only the amount i can loose will determine my exit. No bowing down to whip saw.
3) as of now matainning a ratio of 1: 2 .. means two times of trading captial moved and saved in bank account . planning to maintaining this ratio .

Also it would be helpful if u could tell us the position size n money management rules that u r following.

 

[stock72]

still market is in green and the position i opened on Friday is down by 100k (aprox )..

but beauty is i don't have tension , nail biting , severe heart beating ... coolly sitting on my position as these positions are took based on the system I following for past two months ..so if we need to blame then blame the system not me ..I feel this the single biggest advantage of being following a system ..

2. 2/09/2013
Might be slight bearish. Today EOD will take 1/4 of postion on bearish side.

1/4 = means quater of total position i would able to take.

 

[stock72]

CLOSED (1/4)/2 position with loss.

2. 2/09/2013
Might be slight bearish. Today EOD will take 1/4 of postion on bearish side.

1/4 = means quater of total position i would able to take.

 

[stock72]

closed the balance (1/4)/2 . Done for today .

CLOSED (1/4)/2 position with loss.