Trading Nifty Future

[nifty]

Hello Futur,

Thanks for your interest. I will post all details you asked within a day or two.

Update: Still holding long position in nifty future.

Happy Trading...

 

[nifty]

Hello,

Update: Still holding long position in nifty future.

Happy Trading...

 

[saivenkat]

Hello,

Update: Still holding long position in nifty future.

Happy Trading...

Yes, nifty closed above 5370, so you sticking to LONG IS CORRECT JUDGMENT.

Regards
Saivenkat:thumb::thumb:

 

[nifty]

Hello,

Update for 16 July : Long in nifty future @ 5315.

Happy Trading...

 

[nifty]

Hello sawh1234,

Thanks for reply your analysis might be correct. But as I am technical & trend trader I just follow the signal (Long , Exit, Short) generated by my own strategy it doesn't matter to me if the trade will make profit of loss for me.

Happy Trading...

 

[nifty]

Hello Friends,

I will exit long if nifty touch 5345 & will go short at any point in the range 5265-5295.

As futur asked I will post all details by today night as well as my experience with trading my own system.

Happy Trading....

 

[nifty]

Interesting thread ,

Sir , if possible please post the total profit or loss since the start of the trade

also if you could throw a little light over you system , that would be great learning exp for newbies like me.

also sir , I know you have back tested your system but sir how do you maintain your cool during the string of losses. ( could you post the backtesting result of last few yrs)

thanks a ton

Hello Friends,

Sir , if possible please post the total profit or loss since the start of the trade.

Below are the trade I have done since start of this thread are :

Entry Exit Profit/Loss
(Long/Short)

5089 5245 156
5265 5235 -30
5265 5249 -16
5265 5255 -10
5269 5278 9

Now I holding at 5315 and today's close is 5384.7 means this trade has profit of 69.8 pts.

Hence, Total profit since start of this thread is 178.8 pts.


Also if you could throw a little light over you system , that would be great learning exp for newbies like me.

Please refer the following posts for more information.

http://www.traderji.com/futures/42286-trading-nifty-future.html#post447403

http://www.traderji.com/futures/42286-trading-nifty-future.html#post447891

http://www.traderji.com/futures/42286-trading-nifty-future-3.html#post452420


also sir , I know you have back tested your system but sir how do you maintain your cool during the string of losses.

Yes, This is very hard to maintain discipline during the string of lossess. Myself didn't made any single mistake from Oct 2009 to Jun 2010. But as profit in the first 5-6 month of 2010 was not as per my expectation I couldn't able to control the emotion and I broke rules twice that results in total losses of 69 pts .

Upto Oct 2009 from start of this trading strategy (Aug 2008) I followed this strategy very strictly. But failed to increase my position many times when I had good draw down while trading this strategy.

For example: On 15-May-2009 I went long at 5083 by booking loss of 78 pts, at this time I had total draw down of 189 pts. By looking at drawdown & money earned upto 15-May, I should had doubled my position in nifty. But I didn't and went long with the same quantity hence I missed profit for 544 pts for double quantity.

Reason for not doubling my position in nifty future although I had sufficient
money & drawdown on my trading account is I forget technical trader should not worry about upcoming election results on 18th of May.

(could you post the backtesting result of last few yrs)

Backtesting results:

Year 2006
Total Profit Made = 1590
Trades Executed = 47

Year 2007
Total Profit Made = 2408
Trades Executed = 52

Year 2008
Total Profit Made = 3920
Trades Executed = 77

Year 2009
Total Profit Made = 2204
Trades Executed = 67

Happy Trading...

 

[nifty]

Hello Friends,

In addition to back testing results I have attached maximum draw down I had for 2006, 2007, 2008 & 2009.

Year Maximum Draw Down.

2006 -183

2007 -289

2008 -252

2009 -284


Happy Trading....

 

[naveenvadavadagi]

Hello Friends,

In addition to back testing results I have attached maximum draw down I had for 2006, 2007, 2008 & 2009.

Year Maximum Draw Down.

2006 -183

2007 -289

2008 -252

2009 -284


Happy Trading....

Hi Nifty,

Wonderful job. I wish you good luck for your future [future] trading.:clapping:

Please give us the hint of what indicators you use, if you feel comfirtable,. :clap::clap:

 

[nifty]

Hello,

Updates for 20-July: I exited long at 5360.

Happy Trading...