Thoughts on Day/Swing Trading Part 2
- Thread starter DanPickUp
- Start date
ST da & seniors,
Had one question. Is it possible to download entire thread? Why I am asking this is because, many times we all cut-paste imp posts but I think its easier to delete posts and to cut-paste. So it would be great, if we can download entire thread with all its posts & charts and delete some unwanted posts from there.
Regards,
Gaur_Krishna
Had one question. Is it possible to download entire thread? Why I am asking this is because, many times we all cut-paste imp posts but I think its easier to delete posts and to cut-paste. So it would be great, if we can download entire thread with all its posts & charts and delete some unwanted posts from there.
Regards,
Gaur_Krishna
Last edited:
Some nice Swing charts by ST da... :thumb:
Regards,
Gaur_Krishna
Nifty Futures swing on 60 min chart.
Smart_trade
I was discussing trading methods with a friend who is in a hedge fund. His mandate is as under :
1) He wants a totally mechanical chart based trading system.
2) Peak to valley drawdown not to exceed 15 % max.
3) Wants to deploy large volume ( almost nearing 3 digits in Rs crores) so daytrading on small timeframes is out....swing trading on larger timeframes needed.
4) He does not want any fancy returns by taking large risks.....risk control most important.
The trades are marked on the chart...red line shows short, dotted red shows add ( only 1 add considered) and black line shows covering the trade.
Trades are taken in direction of clear visual trend.....on pivots. Antitrend moves not traded.
Trades are as under : ( June Bank Nifty Fut)
Trade 1 : Short @ 12846...add @ 12687 Trade closed at 12447 = + 639 points
Trade 2 : Short @ 12321 Stopped out at 12364 = - 43 points ( loss)
Trade 3 : Short @ 12301 Add @ 12132 Trade closed at 11869 = + 695 points
Trade 4 : Short at 11836 Add @ 11518 Trade closed at 11254 = + 846 points
Trade 5 : Short @ 11160 Trade stopped out at 11254 = - 94 points ( loss )
Total 5 trades, 3 profits, 2 losses....points made in profitable trades = 2180 points , Points lost in loosing trades = 137 Net points made = 2043 points.
With less than 0.5 % risk on capital on every trade, the gains are over 7 % per month......very good returns for the risk undertaken.
Smart_trade
Regards,
Gaur_Krishna
Nifty Futures swing on 60 min chart.
Smart_trade
I was discussing trading methods with a friend who is in a hedge fund. His mandate is as under :
1) He wants a totally mechanical chart based trading system.
2) Peak to valley drawdown not to exceed 15 % max.
3) Wants to deploy large volume ( almost nearing 3 digits in Rs crores) so daytrading on small timeframes is out....swing trading on larger timeframes needed.
4) He does not want any fancy returns by taking large risks.....risk control most important.
The trades are marked on the chart...red line shows short, dotted red shows add ( only 1 add considered) and black line shows covering the trade.
Trades are taken in direction of clear visual trend.....on pivots. Antitrend moves not traded.
Trades are as under : ( June Bank Nifty Fut)
Trade 1 : Short @ 12846...add @ 12687 Trade closed at 12447 = + 639 points
Trade 2 : Short @ 12321 Stopped out at 12364 = - 43 points ( loss)
Trade 3 : Short @ 12301 Add @ 12132 Trade closed at 11869 = + 695 points
Trade 4 : Short at 11836 Add @ 11518 Trade closed at 11254 = + 846 points
Trade 5 : Short @ 11160 Trade stopped out at 11254 = - 94 points ( loss )
Total 5 trades, 3 profits, 2 losses....points made in profitable trades = 2180 points , Points lost in loosing trades = 137 Net points made = 2043 points.
With less than 0.5 % risk on capital on every trade, the gains are over 7 % per month......very good returns for the risk undertaken.
Smart_trade
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