Probably the best Intraday strategy for Index Futures & Options

What is the strategy's ROI per week in your paper trading ?

  • <1%

    Votes: 5 35.7%

  • 1% to 2%

    Votes: 1 7.1%

  • 2% to 3%

    Votes: 1 7.1%

  • 3% to 5%

    Votes: 1 7.1%

  • 5% to 7%

    Votes: 2 14.3%

  • 7% to 10%

    Votes: 1 7.1%

  • Above 10%

    Votes: 3 21.4%
  • Total voters
    14
rajesheck said:
Trading Knowledge VS Trading Skillset

Unlike knowledge, skillset is a phenomenon.

For example swimming skillset is a phenomenon.

Swimming knowledge is different from swimming skillset.

A person with only swimming knowledge, without swimming skillset, is not supposed to jump into water with the expectation of floating.

Similarly a person with only trading knowledge, without trading skillset, is not supposed to jump into trading with the expectation of making profits.

The level of skillset that a person can develop is proportionate to his level of passion and perspiration.

We can achieve any skillset provided we have genuine passion & dedication to learn it.

Interest in earning money through trading is different from passion for trading.

One has to analyse his own real intention in trading, whether he is involved in trading just for making shortcut money or for the love of trading.

Because genuine interest/passion in trading alone can give us success in trading.

There are two kinds of genuine traders.
1. Those who have natural trading skillset
2. Those who developed trading skillset out of sheer passion for trading

Now, how to develop genuine trading skillset?
First, we have to keep asking ourselves if we have genuine interest/passion for trading. Next we have to put our heart and soul in developing trading skillset.

How can we know that we have genuine interest/passion for trading?
When we realise that our failures in trading does not have the power to kill our enthusiasm to learn trading, then its a symptom of genuine passion.

When do we know that we acquired trading skillset?
The one and only proof is when we consistently started earning considerable amount of money in trading. (minimum ROI/month of 10% for a positional trader and 20% for intraday trader)
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This is the 3rd time I have seen this post TODAY. Why are you copying and pasting this all over ET? My god.
 
GiantDog said:
This is the 3rd time I have seen this post TODAY. Why are you copying and pasting this all over ET? My god.
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Likely because he's trying to drum up interest in the PM area to sell stuff to ignorant new traders. Maybe I'm wrong but I don't think so.
 
rajesheck said:
Do you know, You treat stock trading as...
1. BUSINESS
...if you have a precise return on investment (ROI) calculation.
2. GAMBLING
... if you do not have proper Risk Reward ratio.
3. LOTTERY
...if you believe that there is a secret/luck to win Jack Pot in trading.

Any trading is an entry level business with proper ROI ingredients:
1. Sufficient trading OPPORTUNITIES (Not one BIG SHOT opportunity)
2. Success rate (PROBABILITY of success)
3. Risk reward ratio (GOAL setting)

ROI = Success Rate x Rewarded opportunities - Failure rate x Risked opportunities
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First of all, since you went through all the troubles to spell out the strategy, I am going to give it a try and let you know if it works for me as I was never profitable with day trade. Of course I am not going to use real money, just paper trade.:sneaky:

Second, I don't belong to any of the three categories you mentioned so I don't know what outcome I will get. I trade options as a hobby. It is just one of my many hobbies, no different than doing cross word puzzles, very complicated but with theories and logics a lot of fun to me. Good for exercising my brain. :banghead:

Third, where can I find real time TBQ and TSQ of pending orders?

Thanks.
 
ironchef said:
First of all, since you went through all the troubles to spell out the strategy, I am going to give it a try and let you know if it works for me as I was never profitable with day trade. Of course I am not going to use real money, just paper trade.:sneaky:

Second, I don't belong to any of the three categories you mentioned so I don't know what outcome I will get. I trade options as a hobby. It is just one of my many hobbies, no different than doing cross word puzzles, very complicated but with theories and logics a lot of fun to me. Good for exercising my brain. :banghead:

Third, where can I find real time TBQ and TSQ of pending orders?

Thanks.
More...

Thanks for your consideration :)

upload_2016-3-23_12-53-52.png


In my trading platform it is available in snapquote window.

I hope this would help you some how !
 
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