Priyanvada's chit chat home ...

[priyanvada]

Mathur Sir,

Which terminal you use for trading ... sharekahn, religare, angeltrade???

who is your broker???

Better tell me where you see charts for trading???

 

[rnmathur4965]

Mathur Sir,

Which terminal you use for trading ... sharekahn, religare, angeltrade???

who is your broker???

Better tell me where you see charts for trading???

I use TTAdv of IIFL. I have a trading a/c with them.

Thanks

 

[priyanvada]

I think you missed this.

I missed nothing!

the purpose of the exercise is to DREAM how much I will be having after certain time if the daily return is x % then why restrict the x to 1% - 6%. dream with a 100% return per day.

... Always have dream!! ... (otherwise how will you MOVE??) ... that is what my Boss says! ... Although I HAVE calculated above 6% also but I feel consistent gain above 6% in evey trading sessions is very very tough ... So I have just made what is easily believable for us!

... by the way I don't restrict anyone to perform only below 6% a day ... I CHALLENGE everyone to break this BenchMark to smaller pieces!! :thumb:

I thought the purpose of the whole exercise is to set a reasonable and achievable target per day, guide by the excel sheet.

Nopes!! Purpose of excel sheet is to compare your performance at the end of 1 month, 2 month, and so on ... and get encouragement from this comparison to perform better ...

for ex.

I have zeroed on a 1 % return per day.

given my exposure of 8 times, and possible taxes etc., my profit target per day is 0.20 of my capital exployed i.e., purchase/sale made.

so if I sell bhartiairtel @ 335/- my profit target is 0.20% of 335 i.e.,0.70Rs. and my buy price will be 334.30.

If I have achieved this target, I may choose to go slow on the other trades for that day and may enter in those trades where the chances of failure are very much less.

Yes You can slow down if you want ... but I will NEVER back this decision ... Every second is important ... there is nothing like "One should slow down after achieving something" ... NEVER ... For me it is simply put as ...


Gauge the speed of the Wind and generate as much Power as you can!!

 

[priyanvada]

Mathur Sir,

Does your broker provides you some platform to see Intraday charts???

If yes,

Please tell me what Timeframe setting available on the charts??

What studies are avialable on the charts??? for example. Stochastic, ADX, RSI, MACD and so on ...

 

[prasadam]

good luck.

Yes You can slow down if you want ... but I will NEVER back this decision ... Every second is important ... there is nothing like "One should slow down after achieving something" ... NEVER ...

 

[rnmathur4965]

Mathur Sir,

Does your broker provides you some platform to see Intraday charts???

If yes,

Please tell me what Timeframe setting available on the charts??

What studies are avialable on the charts??? for example. Stochastic, ADX, RSI, MACD and so on ...

Every study you mentioned is avalable. Timeframe of data is from Tick i.e. 0 to any timeframe desired besides 1,2,3,5,10,15 and 30 minutes.

Thanks

 

[priyanvada]

Mathur Sir,

I will first tell you 4 things we should ALWAYS keep in mind,

1. Position Sizing
2. Trade Management
3. Security selection
4. Common sense!!

Above 4 points are key points, If you want anything discussed on above please lemme know ...
Without mastery in them it is very very tough to make money in market ...
This is as per My Own Observation so far ...

 

[rnmathur4965]

Mathur Sir,

I will first tell you 4 things we should ALWAYS keep in mind,

1. Position Sizing
2. Trade Management
3. Security selection
4. Common sense!!

Above 4 points are key points, If you want anything discussed on above please lemme know ...
Without mastery in them it is very very tough to make money in market ...
This is as per My Own Observation so far ...

OK. I got it. I read about them.

Thanks

 

[priyanvada]

good luck.

What should I interprete from this ... are you angry upon me or what?

Or have differnt opinion than mine???

If yes please let me know your point of view ... So that if I feel i mistaking, I can/WILL improve myself ...

Please open your mind and lemme know your views on this ...

After all you are my Super-Senior!

So please be outspoken here....

 

[priyanvada]

Mathur Sir,

Great!!

My strategy is very simple to understand ... it is all about riding the wave ...