I have decided to open this public thread rather than private journal so as to enforce discipline on my trading habits and gather knowledge from experienced people here.
I have experience in trading market(mostly Currencies/Commodities CFD mostly) for around 5 years now but I have paused trading the same in India due to RBI restrictions. So,I plan to trade NIFTY/BANKNIFTY futures as I see trending market in near-medium term.
Strategy:
Expecting the bull market for next phase(1-2 yr horizon) unless some major trigger happens. So,Long positions will be held for days/weeks but short traders will be quick with tight stop loss. No mechanical system or HFT followed. Normal levels/zones with trend bias/fundamentals will be used for entry/exit.
Position sizing:
It will be assumed as 50L portfolio with acceptable draw down limit of 20%. So,10-15 Lakh can be risked. Rest of 35-40L will be invested in debt/bonds/FDs with expected return of 9-12%.
With 10-15 lakh,I plan to trade maximum 15 lots. As I do not have much experience in Indian markets,I will trade 4-7 lots to start with.
Risk:Major global event can cause 10% gap down.So,5 lakh is at risk at any time I ve 15 lots open in market.
Consecutive losses can cause 10-15% DD.(3-5L).
In short,I will trade 5-15 lots of NIFTY FUT with 15L as margin money with bullish bias for medium term trade. Short trades rare and will be done with narrow target profit /stoploss.
I ll post trade opens either EOD or live. But,I ll try to post closes live whenever possible.
I have experience in trading market(mostly Currencies/Commodities CFD mostly) for around 5 years now but I have paused trading the same in India due to RBI restrictions. So,I plan to trade NIFTY/BANKNIFTY futures as I see trending market in near-medium term.
Strategy:
Expecting the bull market for next phase(1-2 yr horizon) unless some major trigger happens. So,Long positions will be held for days/weeks but short traders will be quick with tight stop loss. No mechanical system or HFT followed. Normal levels/zones with trend bias/fundamentals will be used for entry/exit.
Position sizing:
It will be assumed as 50L portfolio with acceptable draw down limit of 20%. So,10-15 Lakh can be risked. Rest of 35-40L will be invested in debt/bonds/FDs with expected return of 9-12%.
With 10-15 lakh,I plan to trade maximum 15 lots. As I do not have much experience in Indian markets,I will trade 4-7 lots to start with.
Risk:Major global event can cause 10% gap down.So,5 lakh is at risk at any time I ve 15 lots open in market.
Consecutive losses can cause 10-15% DD.(3-5L).
In short,I will trade 5-15 lots of NIFTY FUT with 15L as margin money with bullish bias for medium term trade. Short trades rare and will be done with narrow target profit /stoploss.
I ll post trade opens either EOD or live. But,I ll try to post closes live whenever possible.
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