Pride's Intra-Day Strategy [Profit Everyday]

[areebs]

3 trades for today as of now :



1.Buy 5345 Exit 5353 = +8

2.Buy 5351 Exit 5355 = +4

3.Sell 5339 - Exit 5334 = +5

So total as of now 17 points - 6 points brokerage+tax = +13 points

I pay about 1.9points as brokerage + stt + taxes ,thats Rs 95/Nifty lot for 1 trade (buy+sell)

 

[sahil79]

Hi brother, which broker do u use to pay such a less brokerage ????

 

[areebs]

Hi brother, which broker do u use to pay such a less brokerage ????

Sharekhan !

 

[youngindian]

Hi brother, which broker do u use to pay such a less brokerage ????

Sharekhan !

which AMC Scheme in Sharekhan? I am also using sharekhan (6000 AMC), it is costing me 3 points.

 

[areebs]

which AMC Scheme in Sharekhan? I am also using sharekhan (6000 AMC), it is costing me 3 points.

I was in the 1 lac AMC Scheme , and after that due to my high intraday volume I was provided this brokerage from Sharekhan !

 

[lolbin7]

Hi areebs, was the opening a short?

I'm also not sure if 11:00 is a long.

13:30 short @ 5319. cover 5314?

 

[areebs]

Hi areebs, was the opening a short?

I'm also not sure if 11:00 is a long.

13:30 short @ 5319. cover 5314?

There was a Ema crossover in the morning but the 5 min stoch was hovering around the support line of 20 till 10am so not short.

No long at 11am as 30min stoch bearish

No short at 1.30pm, as 30min stoch was bullish and the 5min stoch was in the oversold zone.

Trade 1:

10.25 am Sell 5313 Exit 5316 = -3

Trade 2 :

11.55am Buy 5328 Exit 5326 = -2

Trade 3 :

2.20pm Buy 5328 Stoploss 5319 = -9

Trade 4 :

2.30pm Sell 5320 Stoploss 5329 = -9

So as of now , -23 points + brok+tax -8 = -31 points

 

[areebs]

This strategy will not work in this kind of range bound and choppy markets.

That is the reason why the backtest results since Jan 2010 to now is not so encouraging.As you notice markets have become range bound since the beginning of 2010.

It worked very well in 2009 when the markets were volatile and had big moves daily.Nifty even moved 150 points in a day then.

So I guess unless the markets become volatile again , not much money can be made with this strategy.

 

[lolbin7]

yes i totally agree. It's just so tough when the market keeps flat and we keep getting stopped out. what kind of stop loss are you using? the same as pride's?

 

[areebs]

yes i totally agree. It's just so tough when the market keeps flat and we keep getting stopped out. what kind of stop loss are you using? the same as pride's?

I dont trade with this strategy , just paper trading because unless I dont see it giving good and consistent points on day to day basis I wont put my money in it.
For paper trading , yes the same stoploss method as defined by Pride.