Just an Insight:
A good friend of mine having a small account, apparently concentrating on only intraday trading for a year and half with not much of a result, although having great capability to analyze as far as my knowledge is concerned about him. But for last 30 trades batch he followed a business model as following.
Capital infused: Rs.15000/-
Stop loss per trade is 1% of capital: Rs.150/-
Batch size of trades: 30 nos.
Won trades: 24
Lost Trades:6
Risk to reward was: 1:2 bare minimum (means moving SL below 2 when script is above 2 reward
Profit after 30 trades: Rs.4500/- on 15000 capital
All trades were in cash market
Result was good: 30% profit. Which for me is decent profit.
Insight is following strictly business model without worrying about edge as it will only improve with experience. His accuracy was 75% which is very rear, but still without discipline he was not able to be profitable overall. Only just slight adjustment of having a business module changed the course to a positive result.
A good friend of mine having a small account, apparently concentrating on only intraday trading for a year and half with not much of a result, although having great capability to analyze as far as my knowledge is concerned about him. But for last 30 trades batch he followed a business model as following.
Capital infused: Rs.15000/-
Stop loss per trade is 1% of capital: Rs.150/-
Batch size of trades: 30 nos.
Won trades: 24
Lost Trades:6
Risk to reward was: 1:2 bare minimum (means moving SL below 2 when script is above 2 reward
Profit after 30 trades: Rs.4500/- on 15000 capital
All trades were in cash market
Result was good: 30% profit. Which for me is decent profit.
Insight is following strictly business model without worrying about edge as it will only improve with experience. His accuracy was 75% which is very rear, but still without discipline he was not able to be profitable overall. Only just slight adjustment of having a business module changed the course to a positive result.
