It has been a week since we began giving day trading calls on the site through Yahoo messenger. Let's now check the results to find if the work we are doing is rewarding enough for the efforts expended.
Our plan in a nutshell.
1. Trade on the time frame that gives us a fairly good profit potential.
2. Nifty futures along with the top active stocks only to be traded.
3. Risk should be kept strictly within 0.50% of the account capital.
4. Two losing trades a day & we should keep off from trading for that day.
5. Chase only 'Fat Rabbits', which would give us enough space to manoeuvre's. The stocks channel should be at least 4 times it's ATR.
6. A symbol will be traded only if it is trending, if a stock is in non-trend, we skip those symbols to monitor for trades.
Our capital for trading here is Rs. 5.00 lakhs. Now, we go in to find what has come through in the past week.
Total number of trades done 9.
Winning trades 7, profit Rs. 26594.00.
Losing trades 2, Loss Rs. 4977.00
4.72% gains have been made in the first week. The market was highly trending in the early part of the week, which turned to choppy volatility in the later half. A good trend favoured us this week, while what is next have to be seen.
Our plan in a nutshell.
1. Trade on the time frame that gives us a fairly good profit potential.
2. Nifty futures along with the top active stocks only to be traded.
3. Risk should be kept strictly within 0.50% of the account capital.
4. Two losing trades a day & we should keep off from trading for that day.
5. Chase only 'Fat Rabbits', which would give us enough space to manoeuvre's. The stocks channel should be at least 4 times it's ATR.
6. A symbol will be traded only if it is trending, if a stock is in non-trend, we skip those symbols to monitor for trades.
Our capital for trading here is Rs. 5.00 lakhs. Now, we go in to find what has come through in the past week.
Total number of trades done 9.
Winning trades 7, profit Rs. 26594.00.
Losing trades 2, Loss Rs. 4977.00
4.72% gains have been made in the first week. The market was highly trending in the early part of the week, which turned to choppy volatility in the later half. A good trend favoured us this week, while what is next have to be seen.
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