TradeWithMe |
MY STYLE - BLOG
Well, you may say, this is no rocket science, but implement this idea in real life and figure out those challenges!
With a specific instrument as an example lets work out the costs.With my system there are 15 possible trades in which 3-4 trades may hit stop losses in a week.. But these 4, saywill lose only Rs 800 in a week and max 800*4 = Rs 3200 in a month.. Now the winning trades will give 12*20*20*4=Rs 19200 in the same period.. Giving a net profit of Rs 16000 from just one lot of minifty! Of course you can knock off 60*5*20=Rs 6000 for costs, leaving Rs 13200 per lot.
1 Comment
From 13th July, we are now trading a maximum of 3 trades per day.
We will always trade no more than 2-3 times a day, usually following a trend.
We always trade in one direction. Which means if the trend is positive and moving upwards, we will buy or be long, but never short. Some of you may think, we are missing opportunities, but thats one of the safe trading approached. Win, steadily....and avoid potential retracement whipsaws. When in a trend in one direction, we may exit and re-enter again a few points in the direction of the trend. This can happen more than once and increase the total number of trades in a day occasionally. When we whipsaw around a mean level, and two stop losses hit consecutively, we are out of the market for the day. Again, this is a safe trading approach. We will lose a max of two stop loss points which will never exceed 10 points per trade. |
AuthorAbnash Singh, Am a Trader helping small traders to realize their dreams. Archives
October 2017
Categories
All
|
Want more information ? Get in touch with us through the contact form : (click here)
|
|