Hi Friends,
I am giving below my live Nifty trading performance from 9/11/2015 till 29/01/2016 i.e for a period slightly shorter than 3 months. Based on my system - which is a pure intraday model with no carry forward trades - there were 82 trades in this period and total cumulative profit generated is 661 points. This profit is inclusive of transaction costs. I normally trade two lots with a discount broking house and my round leg total costs comes around 1.65 points. Therefore these costs have to be deducted from the gross profit of 661 points. I am attaching few files which chronicles the trade-wise P&L as well as cumulative P&L chart. Max profit in any trade is 106 and max loss is 30. Longest losing streak involves 4 consecutive trades totaling around 60 points loss.
As stated earlier my trade size is two lots i.e 150 Nifty. Now the question I am asking myself is should I scale up my trade sizes based on the above performance. Though I am trading this system live for last three months but I am paper trading this for more than a year now and it has delivered more or less consistent results. But the main problem I am facing whether I would be able to counter the mental stress associated with higher quantities and still stick to my system like a robot.
I am seeking advise from experienced TJ traders on the way forward. Any suggestion / views from members here are welcome.
Thanks
I am giving below my live Nifty trading performance from 9/11/2015 till 29/01/2016 i.e for a period slightly shorter than 3 months. Based on my system - which is a pure intraday model with no carry forward trades - there were 82 trades in this period and total cumulative profit generated is 661 points. This profit is inclusive of transaction costs. I normally trade two lots with a discount broking house and my round leg total costs comes around 1.65 points. Therefore these costs have to be deducted from the gross profit of 661 points. I am attaching few files which chronicles the trade-wise P&L as well as cumulative P&L chart. Max profit in any trade is 106 and max loss is 30. Longest losing streak involves 4 consecutive trades totaling around 60 points loss.
As stated earlier my trade size is two lots i.e 150 Nifty. Now the question I am asking myself is should I scale up my trade sizes based on the above performance. Though I am trading this system live for last three months but I am paper trading this for more than a year now and it has delivered more or less consistent results. But the main problem I am facing whether I would be able to counter the mental stress associated with higher quantities and still stick to my system like a robot.
I am seeking advise from experienced TJ traders on the way forward. Any suggestion / views from members here are welcome.
Thanks
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