The Nifty Trading Lounge

[SavantGarde]

There is a point in Trading... once you reach.... it is no longer about money...!!!

SG

 

[adityasaraf007]

ST Sir, with due respect.... in my opinion even 15-25% per month in not modest.... I haven't reached that stage yet......

 

[Blitzz]

It is very difficult to maintain the high rate of return as your capital increases.....

Smart_trade

:thumb::thumb:

 

[Smart_trade]

ST Sir, with due respect.... in my opinion even 15-25% per month in not modest.... I haven't reached that stage yet......

This return is achievable.....it is a benchmark for us to measure our performance.....it is neither too small nor too big.....it just means that you make 1% on your capital every day ( net of losses,brokerage,taxes....etc ).

I have seen people making > 50 % in a month but on small capital of 2 :00 Lakhs or so....in fact I have done that myself in my initial years for few months but not very consistantly...many times giving MM a backseat and now when I look at those months I feel it was not a prudent way to trade......but on larger capital it is a different game.....

Smart_trade

 

[Blitzz]

I have seen people making > 50 % in a month but on small capital of 2 :00 Lakhs or so....in fact I have done that myself in my initial years for few months but not very consistantly...many times giving MM a backseat and now when I look at those months I feel it was not a prudent way to trade......but on larger capital it is a different game.....

Smart_trade

Hehe. So everyone goes through this stage. Even Mr Smart_Trade

 

[4xpipcounter]

You do things differently as you progress in your trading. Personally, I'm a lot more conservative with lot size than I used to be. I use 2/3's the lot size per capital, which means my returns are going to be 2/3's less.

Savant also hit on it nicely. It's not about money anymore. When you first start you dream. After a few years, all the dreams come true. Now you just enjoy yourself.

It used to be calculating gains was a big thing, and ironically (just speaking for myself), some of that came because of a lack of confidence. The first time I closed a trade for 100 pips, I was on top of the world. There was no prior experience to doing that before, so it was a big deal. Now, it's just part of the job. Find a market with a strong obviation for my entry, enter it, then walk away (zzzz).
Now, I get more pleasure in forecasting markets and analyzing what I see, than I do counting pips or % of gains. Why? Simply put, I know they will be there. I know longer need to convince myself that I will be good.

BTW, 15% may not look like a whole lot, but if you start with $1,000, it will be worth $1 million in 4 years 2 months.

ST, I could not agree with you more even though your statement seems far-fetched. To truly realized the potential in this industry, there is not enough money in the world to pay you-- just a fact.

Anyone (" easily")making 10% to 20% of his capital on daily basis consistantly will be the highest indivisual Income Tax payer in the country within 3 years.....and if he compounds his gains he will buyout Bill Gates,Warren Buffet and George Soros within 5 years with Ambanis and Tatas coming as free.......

If anyone makes a modest 15-25 % per month, I can assure you he will live, retire and die rich....It is very difficult to maintain the high rate of return as your capital increases.....

Smart_trade

 

[4xpipcounter]

Blitzz, the mental discipline of trading is a war that will rage as long as we are traders. In order to win as a trader, we have to win that war as long as we keep trading.
Smartrade's humility in admitting that puts in perspective we are all common traders making a living doing what we love, and that we all have to live by the same rules.

Hehe. So everyone goes through this stage. Even Mr Smart_Trade

 

[Blitzz]

GM Guys.

Looking for Short in Reliance infra at open once up momentum ceases.
Suzlon looking good for long trade.

All will depend on how market opens and do i like the prices or not

 

[MurAtt]

Bit Suzlon y'day at 26.1. Exit 26.35

No overnite carry - ask the boss why .....

 

[4xpipcounter]

Adit, even if you are making 5% per month, that is still good. You are comparing yourself with your own peer group, so you hear all these numbers being bandies about, and you might be thinking my little 5% (Amount just for sake of argument.).

About a month ago, I started trading for a hedge fund. Someone in this forum approached me about it, and I decided to take it on as a challenge. The clients for this hedge fund think it is a big deal to make 20% for the year, which is what the fund pays them.
Now, we are all thinking, "If I only made that, I would not be able to trade."
The difference is who you compare yourself with. We're professionals. We are the very best in this field. This is why it might get discouraging when you compare what you make with the Big Boys from TJ.
LOL, these guys that are being paid 20% from the fund, if someone told them they could make 5% per month, many of them would not be clients, because it sounds too good to be true.

ST Sir, with due respect.... in my opinion even 15-25% per month in not modest.... I haven't reached that stage yet......