i generally trade fno, buy 1 lot which cost comes below 30k ,
i generally keep a wide stop loss since I trade first 30 mins , and my target is 1% of script price
so per day I make 20% with margin of 25X to 30x on my capital in zerodha !!
at EOD I make sure I don't go red
regards
i generally trade fno, buy 1 lot which cost comes below 30k ,
This is understandable.
i generally keep a wide stop loss since I trade first 30 mins , and my target is 1% of script price
What do you do if you hit your wide stop loss? How do you select the scrip that would hit 1% from your entry price during this time frame? What do you do if neither the target nor SL are hit within the time frame?
so per day I make 20% with margin of 25X to 30x on my capital in zerodha !!
This is certainly possible sometimes. But how do you make it happen per day? Am I missing something?
Now on the arithmetic part of it: With a margin of 25x and 1% on scrip price, you put Rs. 4 and buy the lot worth Rs. 100 and with 1% target, it reaches 101(long position) your return of Re.1 on Rs. 4 investment is 25% The round trip transaction charges on zerodha FNO are approx 0.1% and we have not counted this. That is fine the arithmetic seems to work.
at EOD I make sure I don't go red
Well how can you make sure of this with wide stop loss? If you have any solution please share so that everyone at TJ can learn from you.
regards
You either did not give out your strategy in full or you were merely typing based on your hope.
Sometimes your targets are achievable. But consistency requires many more rules in this system. You should also consider some loss days. If your stop loss is wide as per the above arithmetic, your capital is wiped out in case stop loss is hit. I wish you good luck, but I do not think you answered the OP's query with sufficient info.