Dear veeramuthu,
In these 200trading days how many methods you tryed?average days of single method traded?how many tweeks done in method ...is trading done as per Mm?after these 6 years you found a method which suits your personality?you found some edge in your method?....too many Qs
sorry....these are important points for start a successfull in trading....best of luck in your new start
Dear Vijay,
In those 200 trading days 75% of the trading days i had traded elliot wave after the correction entry method.
It is a discretionary trading method.
I never followed money management in all 6 years. Never.
Backtesting shown hourly better than 15 min and 30 min.
First time going to follow money management.
First time going to trade without leverage.(NRML)
My mind says this time i will win.
My current method:
Timeframe: hourly
Scrips: NIFTY & BANKNIFTY Futures
Risk Reward Ratio: 1 : 1.4
Success rate: 79%
Drawdown: 2%
Trades per day: aprx. 2
Capital: 158000
Risk per Trade: Maximum Rs 3500
Duration: 1 or 2 days
Happy trading...
Veera.