Hi,
I have updated all the links under the label "Download", click here to access all the files and various calculators.
All the files in future will be presented in two versions.First "the calculator version" which should be used by people who have limited knowledge about excel with default indicator values.Second "Modifiable (Research Version)" ,formulas can be modified in this version, it will be useful for people who are interested in market research.If your face any problem with downloads just let me know in the comments section below.
Good luck with your trades.
I have updated all the links under the label "Download", click here to access all the files and various calculators.
All the files in future will be presented in two versions.First "the calculator version" which should be used by people who have limited knowledge about excel with default indicator values.Second "Modifiable (Research Version)" ,formulas can be modified in this version, it will be useful for people who are interested in market research.If your face any problem with downloads just let me know in the comments section below.
Good luck with your trades.
Dear Anuj,
ReplyDeleteThanks.Great work.
Good Morning Anuj. :)
ReplyDelete@r m
ReplyDeletegood morning...attendence marked..
I saw your blog in detail last weekend...had fun reading your comment with uma and MJ
@Anuj
ReplyDeleteLOL. Most of the photographs were posted because the older post's comment field became too long and unwieldy. :)
@ anuj
ReplyDeletethis is for discussion:
20 days trade a month
if we make average 10 point a day [200 point a month, with loss days profit days summed and averaged]
and if we have total expense of 100 point [20 x 5],
we are left with 100 point, and with 10% margin it gives 1% ROI.
and, if we cumulate, we may get a decent return annually.
Shall we call it 10point scalp !
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piyush sharda said...
@shine, anuj,
though hypothetical, 100 points, 10% nse margin per lot
gives u 20% roi per month on margin.
rs 50000 for 2 lots
100 point profit pm
rs 10000 per 2 lots
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mynac said...
Good Morning Everybody,
Dear Sethu,
I was going to write almost the same like you, for Dear Anuj,So thanks.
----------------
@ piyush
yes, 20% permonth,
I had put it as daytrade 1% perday ...
Hypothetically 200% per annum ...
we should keep a separate tradelog and try it out.
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Hi Shine
ReplyDeleteThanks for reposting the discussion here...
I will continue that discussion again here soon,elaborating what I intended to ask.
I wanted to ask about day trading highly volatile stocks and we started discussing nifty...no problem, similar calculation was mentioned before by a blog reader "anonymous"
http://financeandtradingmadeeasy.blogspot.com/2010/03/neglected-essential-simple-money.html
Check the above post comments section..I will discuss this again ...and back to you for your wonderful thoughts
Good luck
Hi Anuj,
ReplyDeleteThanks for starting this type of discussion.
It is very difficult to answer the question whether intraday or swing or positional trading give monetary benefits or not. As you have asked for 1% income from intraday. I should frankly say that there are only 5% of the total intraday people are earning such type of return. As here somany people suggested to earn 10 points a day and even they have considered the points of losses, but all these are theoritically correct. I have still not seen a single trader who has accumulated 10 points a day and stopped his screen for that day. Of course he earns 10 points in one trade, in the second trade, perhaps in the third trade also, but after some nuber of trades he loses tremendously. This is so because as Aar Vee told he never remained the emploee of the D-company wherein he has to implement utmost discipline, dedication and determination power.
If a trader earns 10 points in one lot means Rs. 500/- in one trade, and continues to get such type of returns for some other trades, he will be definitely tempted to enter for more lots, And in such type of overtrading due to greed factor he takes improper entry and even also compelled to exit at improper level. This is all because a general trader has not enough knowlede of technical analysis soasto understand the trend of the market. And you must be knowing how the trend get changes frequenly. A general trader is in fact unable to read such type of changes where bulls are dominating the market or bears are. And in such cases, even if he earns 10 - 15 - 20 points in some trades, he in total loses, due to lack of enough technical knowledge, money management and loyalty to D-company. In many cases, the traders have not enough infrastructure to get such type technical knowledge and they just trade on the basis of marketable tips, brokers' advices, frieds or relatives guidances etc...which all ultimately creates confusion in the mind of traders and which all are equally responsible for making him to trade badly. In fact it is very difficult to judge who will going to win the battle bulls or bears at the end of the day....? and here the general trader is misguided.
Of course, on paper all calculations are correct to say that an intra day trader can accumulate and enhence his capital in good proportion, but in practical only 5% of the total intraday trading community are making money and rest are losing.
Even stop loss is the good tool to protect the capital, but it becomes a helping tool only when it is calculated correctly. If frequently stop loss is hitted due to high volatality of the market, it becomes dangerous. And in such situation if a trader does not keep patience and enter in trades soasto get back the lost amount, he will definitely become victim of the volatality again and again.
In short, high loyalty to D-company is the utmost requirement to earn 1% return in case of intra day trading.
On the other hand as you have suggested, swing trading is much more beneficial in all the way monetorilly as well as psychologicaly. If a trader select any two or three stock along with nifty or Bank niftly for his portfolio and trade as per SAR theory, he will earn in both the trends. In up trends he remains in long positon and reverse his position at the point of SAR when the trend get changed. Whatever may be the trend of the market, he makes money, the only thing is here to know the trend of the market which can be easily judged with the help of EOD.
Any way written too much.....sorry for much space utilised....but did not remained silent to say something about this topic....will talk later
see you....
cheers
-arpit
Hi arpitg435
ReplyDeleteFirst of all no need to worry about "space" at all
"the space" is provided by google...and I too misuse it always with my unending comments and blog post.
So go ahead write as much as you want...what ever you want...when ever you want
Let me see if you can give me some competition!!...he he
Now let's take a look at some points mentioned by you
Intraday ,swing or position?...I feel it should be selected as per trader's temprament and how much time he can give to research...rather than profit
profits will follow if we trade with confidence and with low stress
How practical is 1 percent idea?
I had just randomly put that number..it was on my mind since evry body is seaching for mico moves 10 points ...which is one-fifth of a percent taking nifty as example
I am not taking about levraging with futures position...because your losses will also get leveraged down!!!...so just points and percentage moves..for now
Funny thing I do is when I get a profit I calculate it by returns made on futures...while losses I think in term of points!!...that's psychology
Check out this link
http://www.indiabulls.com/securities/market/Real_Time_Information/volatile_script.aspx?vExchange=nse
it tells you how much a stock moved in a day..apart from this if you can check the range of some volatile stocks (link below)
http://timamo.blogspot.com/search?updated-max=2010-04-03T08:45:00%2B05:30&max-results=1
on daily basis above stocks move way above that 1 percent (over estimated target for day trading)
I feel its quite practical to keep 1 percent as target and skip micro trades.
If I find a consistent way to do it I will share with all here...
We think it's impossible only till the time we can't see it happen
There is no such thing as impossible..we just need to find the way
How you explained a day trader's mindset is absolutely corrent....every single point..thanks
My view on swing trading?
Yes I have mostly been a swing trader...but of late I am getting more interested in day trading
Few years down the line I dont see my self as a day trader though...thats why I was never inclined to day trading
Apart from that day trading has been criticized every where boooks, blogs etc
If we manage to get 1 percent return...or even .5 %...we will end up better than a swing trader.The most elusive thing here is "consistency"
Why day trading is important?
I feel a successful day trader is probably the best person in business...best timer of the market..
even for your "good entry or exits" for long term,or swing trades...if you are an efficient day trader that will help you not harm you..
Successful traders?
Even I have never seen a successful trader...leave alone a successful day trader..just heard "the stories" in books
Hope they are true...because that's the only source of motivation which is there!!!
I will cover these topics in detail in my posts.
I am really thankful to you for opening up some many issues for discussion in future..will help me creating some interesting future posts
Good luck
Cheers
PS....I think I have "overperformed" you in occuping "the space".....:))