Trading diary : Trying to become crorepati.

[Dev Mookerji]

I was facing this querry since long how to handle SL for positional trades, as SL is to be considered closing basis?

I have seen in practical, that if stocks choosen properly, stocks hitting sl intraday basis some how recovers by closing. Also last 30 mins volatility can not be considered for positional trades as closing price is considered as average of last 30 mins trades.

So I took up this funda. Exit from the stock if hitting SL intraday, and resume the position intact, if again price coming up/down as per long/short positions.

But even in this, problem was there for persons like me who cant keep track of stock market round the clock.

So where is the solution?

 

[Dev Mookerji]

But even in this, problem was there for persons like me who cant keep track of stock market round the clock.

So where is the solution?

So Planning to folllow with some lesser time frame hence forth, where my actual strength lies upon.

short term swing trading, for gain of 5 to 20%, with holding period of maximum of 2 weeks.

Let us see how things pan out

 

[Dev Mookerji]

By intraday and swing trades good money can be earned which can not be earned by mid to long term trading, what i believe.

So have plan to do an experiment for one or two months full time trading by taking long leave during Durga Puja vacations. If I succeed in this, am planning to quit primary profession and becoming a full time trader.

 

[praveen taneja]

By intraday and swing trades good money can be earned which can not be earned by mid to long term trading, what i believe.

So have plan to do an experiment for one or two months full time trading by taking long leave during Durga Puja vacations. If I succeed in this, am planning to quit primary profession and becoming a full time trader.

Dev all my best wishes for you:thumb:
God bless u more n more:thumb:

 

[Class]

Wow, fantastic. I wish you all the best in your venture.

What will be your measure of success over these next few months? %gain or set amount of money gained, or consistent profitable trades?

 

[y2j826]

The best thing one can do is : sell the shares when 5-7% profit if not whole then at least 50% position, thats enough to do in cash market cuz you have lot of other scrips to choose from.

 

[learn2trade_ar]

By intraday and swing trades good money can be earned which can not be earned by mid to long term trading, what i believe.

So have plan to do an experiment for one or two months full time trading by taking long leave during Durga Puja vacations. If I succeed in this, am planning to quit primary profession and becoming a full time trader.

Great Dev bhai. You're a great inspiration.

I wish from the bottom of my heart that you succeed in this trial of your's and become a full time trader.

 

[Dev Mookerji]

What will be your measure of success over these next few months? %gain or set amount of money gained, or consistent profitable trades?

Rs. 2500/- or 2% of the trading capital per day which ever is lesser and that to consistently or in an average.

The best thing one can do is : sell the shares when 5-7% profit if not whole then at least 50% position, thats enough to do in cash market cuz you have lot of other scrips to choose from.

In Future market u cant sell partially as u have to sell in lots.

In Cash market some limitations are there, viz

one cant short sell positional/High brokerage/non availability of margin.

 

[ajshare108]

dear dev babu,

i appriciate what u r doing. but when u start this thread you said that you are doing this on the basis of technical analyisis exprience of 6 years but not a single word about technical analysis u have wrote in this thread.

so bhai sahib will u please write some thing about the method u are adopeting in technical analyis as i am also a technical trader.

waiting for you reply soon

 

[Dev Mookerji]

dear dev babu,

i appriciate what u r doing. but when u start this thread you said that you are doing this on the basis of technical analyisis exprience of 6 years but not a single word about technical analysis u have wrote in this thread.

so bhai sahib will u please write some thing about the method u are adopeting in technical analyis as i am also a technical trader.

waiting for you reply soon

But I have started this thread to write down my own trades only, not for discussion on technical analysis