Dear Sachin and all,
There are various way to increase profitibility within the system or by combining with options trading. Last year was exceptionally well because of the volatality. If we get around 1000 points in a year after deducting all, than it should be considered as a good gain. Our focus should be on losses and not in profits. let the profit come their own way. If the current year is going to be highly volatile than previous one, than reslut may be much more better or if it going to less volatile, than result may be below last year. But on and average we shoud get around 5% or more per month return on investment if you trade consistently.
Here is my some suggetions :
1. For example, we are in LONG and has 200 or more points gain. Now watch the market. on any day if market trades near resistance, you can exit the LONG just below RESISTANCE say 10-15 points & go SHORT with SL as RESISTANCE + 10 Points. If SL triggers, simply go LONG again with same old SL. here we are taking risk of 20-25 points. So if market reverses from here, we not only get almost all profit but at the same time also entering next SHORT trade very early. Or If you get 50-60 points intra-day in this kind of postion, you can close SHORT and go LONG without waiting for SL to trigger.
2. You can take position at your own way and only use EXIT part of the system. Most of the members will agree that, the EXIT part is simply good. Atleast you will never stuck-up in any wrong trade.
3. there is no need to take trade 10-15 points below Support or above resistance, instead time is important. If market trades 2-3 minutes below/above we should change position. some time it may be 5-10 points, may be 25 points or may be above support also.
4. If you are familier with options trading, than can use to hedge position whenever we have good profit in a particular trade.
Vinod
