thanks seikyo,
no- i do not go in for that many lots in one trade. the day end summary adds up all trades of the day. i usually have some 6/8 trades on any given day.
off late i cannot buy on limit order as broker execution is taking minutes !!! so i go market orders (takes 30 seconds !!!) and...
just to clarify - trying to be consistent at making at least 1% on an average per day of the start capital. of course there will be days that i make more or less than the 1%. but the key is not to let the overall average per day slip below the 1 % mark.
or did i misunderstand what you were...
week 001 analysis:
start capital - 2816
end capital - 3865
profit - 1004
% overall - 35%
% daily avg - 7%
nifty range analysis
best trading day -
day 003 ie Wednesday. i was up almost 300$ but three consecutive trades caught me on the wrong foot and i had to exit on a big...
week 001 update: (changed all figures to $)
overall summary day wise -
trade wise - i just took a average margin price of the lot but it is actually higher now
from the excel table this is where the end of the week looks like
very true suntrader,
i did well last week given the fact that margin requirements have been skyrocketing due to the absurd levels of volatility. they even stopped margin trading on a few days so that meant i was trading with not more than 25% of firepower in a way. but then if one did get...
yes, i have a 1:1. risk reward. i am banking on my winning days outnumbering my losing days. each losing day will bleed me bad i know. but there will be losing days too. so the only way to offset this is to take one or two big winners a week to cushion the fall on a losing day.
here is an...
1% of the daily start capital (not 1% of the day 1 start capital) that way i end up with some 9900$ net profit at the end of 150 days which is roughly a closing capital of 12500$ (start is 2800$)
day Cap net net %age
DAY 001 2861 29 1.00
DAY 002 2890 29 1.00
DAY 003 2919 29 1.00
DAY 004...
hello trdes,
true - as a day trader the target is pretty low. but what i was looking for is consistency. say over a 100/150 days can i keep and sustain that 1% a day. yes, like you mention - it is an easy road for now. no slippage, no order limitations to bother about. also true that long...
hi all,
day trading experience - 2.6 years of day trading
trading instrument - index (India) - nifty futures (NSE) only
style of trading - pure day trading (all positions squared off and no positional)
start capital - 206000 inr (2800 usd approx)
duration - 150 trading days
target - 1% net...