iCharts Discussions

[galrani]

Hi Rahul

Its quite simple na?

If the system gives 50 points on average and you want 500 points, play with 10 lots.

If you really think someone out there has a 500 point gaining system why would he waste time posting on forums?

He would be busy sipping cocktails in some beach while punching orders in the laptop.

No offence meant to anyone.

I find this system tension free and the best thing about this is I can attend meetings without worrying about what the markets are doing? The icing on the cake is the discipline you get in your decision making process.

Cheers

Shiva

[galrani]

Hi

This is akin to asking for a car which runs on only one wheel. We know very well that its not possible

The engine of your trades need some more wheels to run on the road called markets.

You have asked for one one wheel, that is system.

Risk management, Money management, Discipline are the other three thats missing in your wishlist.

Believe me I have leart this the hard way, without the last three, even sureshots result in losses.

Cheers
Shiva

[chetan83]

[quote="pipstocks"]Hello everyone,


Hi Pipstock,

Can u throw some light on this long trade in ZINC, where one could have exited, as per mentioned strategy by you?

Chetan.

[sonila]

Galrani, by the way, u r in which place ? Satwa or burdubai or burjuman or sthg else ?

[galrani]

Discovery Gardens

[rxvenk2]

Nice work Galrani, this will definitely help people who have job commitments. Thanks Sonila for bringing this into this forum.

[vishyvaranasi]

Hi Galraniji,

When i click on the xlsx link that u posted it is automatically being downloaded as a zip file and when i try to open it it isnt opening. So is there any other means that i can go thru the file.

Vishy

[shahrachit]

Hi Galraniji,

Excellent work done.

But one question..... Why we use 2 lots for intraday; if we use only one lot in intraday then losses could be minimized ???

Or there is some misunderstanding by me ?

[galrani]

I have done backtest one one lot only
margin required is 25k but invested capital assumed to be 50k (incl 25k buffer)

In reality if you trade multiple lots, you get to innovate entries and exits to try to maximise profits and reduce losses due to whipsaws.

Losses will be there, no doubt about that. All that is required is to take each trade in anticipation of a giant trend like jan 2012

Cheers
Shiva

[vishyvaranasi]

Hi,

Had tried hell lot to open the file but wasnt able to do. Can anyone help me in presenting the file in office 2003/07 format so as to allow me to see it.
Vishy

[shahrachit]

Thanks Shiva for reply....

Total points Loss due to Intraday Whips are 7764. If we had traded only one lot for intraday whips and continued the earlier trade; than Net P&L would have increased from 7531 to (7531+7764) = 15294....

[shahrachit]

Try searching some software on internet which converts your xlsx to xls.

[umesh1]

[quote="galrani"]Hi

This is akin to asking for a car which runs on only one wheel. We know very well that its not possible

The engine of your trades need some more wheels to run on the road called markets.

You have asked for one one wheel, that is system.

Risk management, Money management, Discipline are the other three thats missing in your wishlist.

Believe me I have leart this the hard way, without the last three, even sureshots result in losses.

Cheers
Shiva

Appreciate that honesty
Cheers

[pkholla]

[shahrachit]