Trading NIFTY Technicals

[findvikas]

As you all might already know about this new system which I have been studying on papers for quite some time now and it seem to be working and giving good results.
I have decided to put it on REAL test with REAL money. I will start my day from Monday, 30th November 2009 with 1 lot of MINIFTY Futures

PLEASE DO NOT FOLLOW MY TRADES AND TREAT THIS THREAD FOR EDUCATIONAL PURPOSE ONLY
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Trading Setup

Initial Capital: 20,000
Margin Requirement (1 lot for MINIFTY) : 10,000
Chart Resolution: 5min
Trade Size: 1 lot
Cash Reserve/Margin: 10,000 (50% of the total capital)

Breakeven Cost: 2.45/-

Every month NIFTY trades in an average range of 5-10% (both sides) and I would like to keep my targets quite realistic and achievable.

Daily Target : 4% OR 20 points
Weekly Target : 8% OR 40 points
Monthly Target : 15% OR 75 points
Yearly Target : 100% OR 500 points

Note: Targets are based on the invested capital and not on SPOT price. ie. 4% daily does not mean 200 point but Rs. 400/- to start with (4% of 10,000 or 0.4% of SPOT value)

I will continue to trade with just 1 lot until I cover my entire cost of first lot, and will try to keep 50% of cash always in reserve.

I will NOT post my trades during the day but consolidated list of all trades after the day.

Please feel free to suggest if you find any drawbacks in this strategy and wish me luck. Hope we all get a out with a profitable yet simple system to trade on any interval or any security.

 

[findvikas]

Daily , Weekly , Monthly Profit/Loss Statement

......Date................Points...
11/30/2009..............25..........
12/01/2009............-57..........
12/04/2009..............36..........

12/07/2009..............32..........
12/08/2009..............45..........
12/09/2009..............24..........
12/11/2009..............45..........


Week Ending.........Points...
12/04/2009................4..........
12/11/2009..............146..........

Month.....................Points...
**December................150..........

** = Current Week , Current Month

 

[findvikas]

Today's trades

1) Short @ 5007 , Closed @ 5029 - (FORCED BOOK AFTER A SUDDEN SPIKE)

2) Long @ 5029 , Closed @ 5033.5

3) Short @ 5033.5 , Closed @ 5034.80

4) Long @ 5034.80 , Closed @ 5040

5) Short @ 5040 , Closed @ 5043

6) Long @ 5043 , Closed @ 5060

.... there were 4-5 trades here with just whips .... giving 1-2 points but taking more brokerage or closing at breakeven

7) Short @ 5059.75 , Closed @ 5030

.... again 2-3 trades here with just whips

8) Long @ 5023 , Closed @ 5041

9) Short @ 5040, Holding it for tomorrow



Overall it was around 25 points after brokerage.

Biggest gain... 29.75
Biggest loss... 22
Winner/Loser... 5/3
Avg Winner/Loser size... 15/8.75

 

[mayavi99]

Good luck to you Vikas on your new strategy. I hope you are using BB & RSI in your charts(along with your other chosen parameters) to time the entry and exit.

 

[findvikas]

Not at all, I am trying to keep this system stupidly simple lets see if this system makes me stupid

 

[Raju]

Hello Vikas,

So vikas u are trying a KISS ?
"Keep it simple, stupid".

My best wishes are with you...

Raju

 

[findvikas]

to compliant to the forum's rules its "Keep it stupidly simple"

 

[findvikas]

Today's trades - 12/01/2009

DID NOT DO ANY INTRADAY, BUT POSITIONAL

Carry forward from yesterday
1) Short @ 5040, Booked at 5108
2) Long @ 5108, Holding it for tomorrow


Overall it was around -57 points after brokerage.

 

[findvikas]

Today's trades - 12/02/2009

DID NOT DO ANY INTRADAY, BUT KEEPING POSITIONAL

Carry forward from yesterday
1) Long @ 5108, Still holding it


Unrealized profit of 14 points .

 

[findvikas]

Today's trades - 12/03/2009

DID NOT DO ANY INTRADAY, BUT KEEPING POSITIONAL

Carry forward from 2nd Dec
1) Long @ 5108, still holding it


Unrealized profit of 14 points .