Hi guys planning to start a thread to achieve doubling the initial amount in 20 trades or less. These would be my real trades but you all treat them as paper trades. I would be trading them all in real time with clear SL. I may be adding to my winning positions intraday. They would not be considered as fresh trades. I will start with a notional amount of Rs.10000 and plan to make it to 20000 in 20 trades or loss. The idea for keeping the notional sum small is to remove fallacy in the minds of people that you cannot make big money with small amount. If you can make 20000 from 10000, scaling would never be an issue. I may be using my margin for trading more lots (after adding) but i will start with one lot only. I would keep the SL posted at all times and would end this challenge on either doubling or losing 10000 within 20 trades. I hope that after seeing the results, these so called tukka analysts who choose not to give a SL and come up with all kinds of excuses or past laurels would stop making fool of people and admit candidly that they went wrong in their assesment of the market and be humble. Let me see how many of you would want me to do it. I am not doing this for my own self. With God's grace i am doing quite well. It is only to deflate these people's oversized ego i am attempting this in real time.
Rules of engagement.
You can add or take part profit anytime you so wish during the day. The trade would be considered closed after your given SL is hit or the end of the trading time. Only intraday.
Can trade in any instrument of ones choice (Stocks/commodity/index/options) but the entry and SL should be clearly mentioned.
Buying Yes Bank 100 shares at 1539.50 only not before that. Sl after buying.
SL is 1533 for this. Will be adding at 1540.
Now SL for 200 shares is 1536. Will book partly at 1243,1245,1247.... 25 shares each at a difference of Rs.2 each
Revising the SL to 1533 again.
Starting selling from 1242 (25shares each at an increase of Rs.2) as only 30min. left
Read that as 1542
SL raised to 1536 for 150 shares now.
25 sold at 1542 and 25 at 1544 as per plan
Now selling 25 shares each at 1545/46/47/48/49. (125 shares out of 150)
Trailing SL to 1541 for all
Now 100 shares left out of 200.
Now 75 shares left
Trailing SL to 1542.5
Now 25 shares left. Raised SL to 1545 for them.
Trailing SL to 1548 or will sell at 1555.
TSL 1550 now
Out at 1555. Trade done for the day.
Profits 1500 (15% of notional amount) Not bad.