Hi,
I have completed one month as a Novice Trader, learning different technical tools and taking guidance from all the seniors in the forum especially, ST, TP, Ravi, Raj, etc...
I Ended up the month in a profit of Rs. 226/- :clapping:
But, the real part of my profit went to my broker ... I must have paid around 7000 to my broker for brokerage alone
I guess, this was the fees to be paid to learn in trading :annoyed:
Now, I have shifted to RKSV with their fixed brokerage ... Lets see if this month ends up in profit or loss ..
I will be posting my trades with the new brokerage house from 24/08/2012.
The best part is that the brokerage is fixed, so now I have to concentrate on trades with just 1.5 point as loss (around Rs. 30/- as taxes) ...
Actually over the last month I had many opportunities as to cash in 10 points easily ... But as my brokerage was very high (around 6 points), I used to wait till atleast 15 points, eventually turning that into much greater losses
But, from tomorrow, hopefully I would have the freedom and hence trade with a little freedom ...
My strategy would be to trade with two MNF at a time ... As soon as a gain of 10 points is reached, cover one lot and then wait for the second to get more gains ...
I will keep posting my updates and hopefully some charts for comments ..
Thanks
Ajit
I have completed one month as a Novice Trader, learning different technical tools and taking guidance from all the seniors in the forum especially, ST, TP, Ravi, Raj, etc...
I Ended up the month in a profit of Rs. 226/- :clapping:
But, the real part of my profit went to my broker ... I must have paid around 7000 to my broker for brokerage alone
I guess, this was the fees to be paid to learn in trading :annoyed:
Now, I have shifted to RKSV with their fixed brokerage ... Lets see if this month ends up in profit or loss ..
I will be posting my trades with the new brokerage house from 24/08/2012.
The best part is that the brokerage is fixed, so now I have to concentrate on trades with just 1.5 point as loss (around Rs. 30/- as taxes) ...
Actually over the last month I had many opportunities as to cash in 10 points easily ... But as my brokerage was very high (around 6 points), I used to wait till atleast 15 points, eventually turning that into much greater losses
But, from tomorrow, hopefully I would have the freedom and hence trade with a little freedom ...
My strategy would be to trade with two MNF at a time ... As soon as a gain of 10 points is reached, cover one lot and then wait for the second to get more gains ...
I will keep posting my updates and hopefully some charts for comments ..
Thanks
Ajit