PAI - Battle For Elite Performance (3rd August 2015 - 31st March 2016)

[ND89]

Greetings Everyone,

I have been trading from September 2011 on and off again and again. In September 2015 i would officially be a 4 year old trader. I have decided to record my trading performance daily via my statistics.

Personal History:-
a) I am 26yrs old "authorized person" of all the exchanges present in India
b) I own a broking franchise

Investment/Positional Trading History:-
a) A smooth equity curve (by luck)

Short Term Trading History:-
a) I have had 4 blow ups in my trading account (-500000 over the years inclusive of expensive data feeds and commissions)
b) My first month was a +18%
c) Next 3 months followed by crashes twice in 2012
d) 2013 i had another blowup , made strides in research, risk management was non existent
e) 2014 i had another blowup , made strides in learning basic risk management and research
f) 2015 lots of research on systems , risk management , psychology management , un-leveraged trading


Goal/Objective for (3rd August 2015 - 31st March 2016):-
a) Taking 45000 to 90000(Open Ended Beyond 90k) by 31st March 2016
b) Make trade management automated
c) Scale up to become multi-market, multi-product,multi strategy, discretionary quant with automated trade management

Trading Methodologies:-
a) Momentum
b) Mean Reversion

Systems:-
a) Long Only Mean Reversion Day Trading via Equities
b) Pattern Recognition For Short Mean Reversion Day Trading via Equities
c) Long/Short Momentum Day Trading via Commodity Futures
d) Long/Short Mean Reversion Trading via Indices Options

Markets:-
a) Nifty Indices Options
b) Nifty Indices Underlying Equities (Relative Strength Analysis To Filter Stocks)
c) Silver Mini Futures
d) Crude Oil Mini Futures

Leverage:-
a) Equities 2x
b) Options NIL
b) Commodities NIL

Risk Management:-
a) Daily Risk Limit 2%
b) Weekly Risk Limit 4%
c) Monthly Risk Limit 8%
d) Quarterly Risk Limit 16%
e) Yearly Risk Limit 32%

 

[volpunter]

Which "broking business" do you own, what is its name? Just like to make sure to avoid. Thank you.

Greetings Everyone,

I have been trading from September 2011 on and off again and again. In September 2015 i would officially be a 4 year old trader. I have decided to record my trading performance daily via my statistics.

Personal History:-
a) I am 26yrs old "authorized person" of all the exchanges present in India
b) I own a broking franchise

Investment/Positional Trading History:-
a) A smooth equity curve (by luck)

Short Term Trading History:-
a) I have had 4 blow ups in my trading account (-500000 over the years inclusive of expensive data feeds and commissions)
b) My first month was a +18%
c) Next 3 months followed by crashes twice in 2012
d) 2013 i had another blowup , made strides in research, risk management was non existent
e) 2014 i had another blowup , made strides in learning basic risk management and research
f) 2015 lots of research on systems , risk management , psychology management , un-leveraged trading


Goal/Objective for (3rd August 2015 - 31st March 2016):-
a) Taking 45000 to 90000(Open Ended Beyond 90k) by 31st March 2016
b) Make trade management automated
c) Scale up to become multi-market, multi-product,multi strategy, discretionary quant with automated trade management

Trading Methodologies:-
a) Momentum
b) Mean Reversion

Systems:-
a) Long Only Mean Reversion Day Trading via Equities
b) Pattern Recognition For Short Mean Reversion Day Trading via Equities
c) Long/Short Momentum Day Trading via Commodity Futures
d) Long/Short Mean Reversion Trading via Indices Options

Markets:-
a) Nifty Indices Options
b) Nifty Indices Underlying Equities (Relative Strength Analysis To Filter Stocks)
c) Silver Mini Futures
d) Crude Oil Mini Futures

Leverage:-
a) Equities 2x
b) Options NIL
b) Commodities NIL

Risk Management:-
a) Daily Risk Limit 2%
b) Weekly Risk Limit 4%
c) Monthly Risk Limit 8%
d) Quarterly Risk Limit 16%
e) Yearly Risk Limit 32%

 

[ND89]

Which "broking business" do you own, what is its name? Just like to make sure to avoid. Thank you.

A leading full service broker in India, just a FYI i probably have more than what most people have financially, i am not here to sell stuff or make clients or whatever you are insinuating , i came on this forum humbly to maintain a record for improving myself and meet with people who can spot and critique when they see a pattern in me which i myself don't see , i may have failed in my short term trading ventures but now i believe i am ready to explore it with full commitment and responsibility.
I have even gone one step ahead and made my trading account a legal entity i.e. it should have more authenticity going forward when it can actually be audited.
I mean major obstacles for me have been because of lax attitude towards risk , indiscipline and finding strategy that actually i felt in sync with, Money lost is insignificant to me but loosing is one thing i am not ready for. I mean time will tell, i just need to walk the talk and execute and its a matter of scaling up! In overall context this 45k starting balance is not even 0.1% of Net Risk for me, It can't get any un leveraged than this . Good Night from my end.

 

[ND89]

Today's trade of the day was Crude Oil. Had 50% hit rate , made 5x return for 1x risk and i managed to save 8% of initial SL of Silver trade i.e. 92% of allocated risk limit was hit in Silver. I could have made 3x times the current p$l but i had to go to a farewell party , my bro is leaving for Duke University , US tomorrow so i had to give most part of trading day a miss.

PS:- I will share weekly p$l statistics rather than daily , only today i am posting daily mtm figure

 

[ND89]

Today's trade of the day was Silver in which i had 33% hit rate today. Overall i had a 17% hit rate today with -217 or 24% of intra day draw down limit.

 

[ND89]

Today's trade of the day was Crude Oil in which i had patience to hold it for almost 4hours. Overall i had 67% hit rate today. P$L was 203 today.

 

[volpunter]

Crude oil price at 2961? What price point is that referring to? Sept. Crude trades at 46.12 as we speak.

Today's trade of the day was Crude Oil in which i had patience to hold it for almost 4hours. Overall i had 67% hit rate today. P$L was 203 today.

 

[ND89]

Crude oil price at 2961? What price point is that referring to? Sept. Crude trades at 46.12 as we speak.

Its the Indian listed contract at MCX http://www.mcxindia.com/
It is the main exchange in India , we trade from 10AM IST to 11:30PM in summers/11:55PM IST in winters. At the time of this posting its 8:23PM IST

 

[ND89]

Here you go, i am actually away from my computer so i accessed it remotely for your reference. Basically IF things tend to trend smoothly they trend from the get go! On other days (days like today) its actually choppy for my trading. I was successful in this case to anticipate chops hence i refrained from further trades.
On days like today if i trade the ladder i would have aced it but in lieu of my health i have stopped trading the ladder... nothing is more important than health.

 

[ND89]

Overall i had 50% hit rate today. P$L was -43 today.