Simple Nifty trading by Mr.Perfect

[Mr.Perfect]

Perfectji,

After reading your posts, I feel you are losing money continuously. Though, I am novice here. I suggest you very simple strategy. Just do 2-3 trades in a month. I have tested my strategy on NSE, BSE and 22 stock exchanges. So, I hope it should work. Just check my post "Nifty Trading Based on EOD". Hoping for the best.

Thanks Pannalal. I may not be able to stop myself from taking more than 3 trades a month as I am addicted to trading. I would follow your thread to see how your calls perform. All the best.

 

[badodesakshi]

Before entering in FnO you must study.Otherwise market will punish you very badly.That means you will face unexpected loss.Do chart study daily.

 

[Mr.Perfect]

Finally October into green, but nothing to celebrate as major damage to my capital occurred in September. At one point I recovered more than 50% of September loss but could not maintain it.

No open positions...

 

[DanPickUp]

Finally October into green, but nothing to celebrate as major damage to my capital occurred in September. At one point I recovered more than 50% of September loss but could not maintain it.

No open positions...

@Mr. Perfect

Do not get broken about your September loss. Just stay cool, do not over trade, do analyze what you did wrong, do make a new trading plan at least in your head and with some screen shots from the markets which should you remain what you want to improve. Do not add many thing to that chart what ever you used in the past. Other wise you fall in the: Not ever ending search for the holy grail.

Now start again with just ONE lot and try to figure out if your idea works. If not, you are still one step further, as you now did check and control that new idea with not much change. As I do not know you MM, you may also work on that part.

Take care / DanPickUp

 

[Mr.Perfect]

@Mr. Perfect

Do not get broken about your September loss. Just stay cool, do not over trade, do analyze what you did wrong, do make a new trading plan at least in your head and with some screen shots from the markets which should you remain what you want to improve. Do not add many thing to that chart what ever you used in the past. Other wise you fall in the: Not ever ending search for the holy grail.

Now start again with just ONE lot and try to figure out if your idea works. If not, you are still one step further, as you now did check and control that new idea with not much change. As I do not know you MM, you may also work on that part.

Take care / DanPickUp

Thanks Dan, your suggestions really helps. I would definitely consider them.

 

[DanPickUp]

Thanks Dan, your suggestions really helps. I would definitely consider them.

Ok. An other important point: If you have low capital do not try to average any short position. Wish you further good luck.

 

[yankeetrader]

Ok. An other important point: If you have low capital do not try to average any short position. Wish you further good luck.

Or if you have low capital, do not trade at all. Earn money and then enter trading :rofl:

 

[TraderRavi]

too many suggestions for a man who is Perfect

 

[yankeetrader]

too many suggestions for a man who is Perfect

thats how world is imperfect

 

[Mr.Perfect]

What happened during this month so far:
My account was almost busted during the month when Nifty was down after touching new highs. My capital touched a low of 5,800 (with unrealized positions) during this month. Last week I exited my long holding positions and capital available was around 9,500. I add further funds of 1,500 in to my dying account and started trading NF and Nifty options (single lot).

With some successful trades last week and this week, I gained around 6,000 and my capital stands around 17,000 now.

Today's trades.

1. Nifty 6000 call 2 lots bought at 103.55 and SL hit at 94 - Loss around 1,000 (The position was in 10 points profit when I was away)

2. Nifty 6200 Put 2 lots bought at 104.25 sold at 113.9, bought again at 115.55 sold at 119.4 bought again at 109.8 sold at 119.4

Net profit close to 2,000 after charges.

3. Nifty 6000 call one lot bought at 79.5 at the end and holding for tomorrow.