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50k to 5Lac journey by trading USDINR-using RSI and ST |
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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Post: #31  Posted: Mon Jan 21, 2013 11:09 am Post subject: |
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"Its like hiring driver to drive Ferrari on express highway with the speed of 120 km per hr. "
Nitin: (1) Why hire a driver if you have Ferrari? Dont you enjoy driving?
(2) Why only 120? My Swift went at 125-30 recent trip B'lore to Madras and many others were overtaking me
(3) Recently not seen Bombay Pune Expr Hwy, but last I saw Merc/ BMW/ Ferrari were zooming at 150+!
Cheers, Prakash Holla |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #32 Posted: Mon Jan 21, 2013 11:46 am Post subject: |
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| pkholla wrote: | "Its like hiring driver to drive Ferrari on express highway with the speed of 120 km per hr. "
Nitin: (1) Why hire a driver if you have Ferrari? Dont you enjoy driving?
(2) Why only 120? My Swift went at 125-30 recent trip B'lore to Madras and many others were overtaking me
(3) Recently not seen Bombay Pune Expr Hwy, but last I saw Merc/ BMW/ Ferrari were zooming at 150+!
Cheers, Prakash Holla |
Kholla saab, Classic case of planning to fail. Let him realise it through hard lessons.
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rakpeds
White Belt
Joined: 24 Jun 2012
Posts: 481
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| Post: #33 Posted: Mon Jan 21, 2013 12:00 pm Post subject: |
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| opportunist wrote: | | pkholla wrote: | "Its like hiring driver to drive Ferrari on express highway with the speed of 120 km per hr. "
Nitin: (1) Why hire a driver if you have Ferrari? Dont you enjoy driving?
(2) Why only 120? My Swift went at 125-30 recent trip B'lore to Madras and many others were overtaking me
(3) Recently not seen Bombay Pune Expr Hwy, but last I saw Merc/ BMW/ Ferrari were zooming at 150+!
Cheers, Prakash Holla |
Kholla saab, Classic case of planning to fail. Let him realise it through hard lessons.
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exactly oppo and pkholla sirs... why to poke in someone plans???
no one forces anyone on anything... 50k to 5 lac in 18 months... thats not the bad plan.. but i also know the compounding works only in excel sheet... if someone executes it flawlessly need to see that on ...  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #34 Posted: Mon Jan 21, 2013 2:06 pm Post subject: |
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| mayurnsk wrote: | sw_das
Hi
Nice to see you back & so much active on our forum
Regards
mayurnsk |
Hello. Good memory sir.
regadrs |
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #35 Posted: Fri Nov 21, 2014 11:41 pm Post subject: Re: 50k to 5Lac journey by trading USDINR-using RSI and ST |
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| NittinP wrote: | All,
I am observing USDINR movement since last 3 weeks. I had some conclusion about currency movement. Trend is clearly visible and catchable, hence decided to start journey with initial capital of Rs.50k for Target of Rs.5Lac... Time frame is open ended.
I will be using Power of Compounding. Below is the plan.
Investment (Locked): Rs. 50k
start lot side - 10 lot
That boils down to 5k per lot. So that means if we make loss of 5k, we will reduce our lot size by 1 and if we make profit of 5k we will increase our side by 1.
We will keep compounding till we don't reach our target.
If I am successful in this, then target is 10Lac....finger crossed..
I am drafting Trading Strategy and will post here... This trading strategy has been in use since last two months and results are very encouraging.
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I was just reading this post today, I am wondering 18 month's have been completed and it would be better if you have already achieved from 50000 to 5 lac then you can post it. Even if not achieved your target then also better to post here I think reading my post all the person who have posted definitely want to see your results.
Some one here said results on excel and actual trading results never matches. I am also the one who has experience this which was written.
Still struggling to control my emotion. In this battle I am the enemy of myself.
I will post my experience once I overcome my emotion.
Regards
Hydrogen |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #36 Posted: Sun Nov 23, 2014 10:18 am Post subject: Re: 50k to 5Lac journey by trading USDINR-using RSI and ST |
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| opportunist wrote: | | amitkbaid1008 wrote: | | opportunist wrote: | A word of caution. Usually such grand designs especially with a high target is self defeating. Why dont you keep a week's target or even a day's target so that you can make course corrections to your strategy when you find the going is tough.
Regards,
Oppo |
Oppo
In trading setting even a lower target in short term like 1day or 1week will make it more tough than achieving a target for some long term like 6months of 1year
So no mean keeping a daily/weekly target |
Amit,
I go by my experience only. What I have achieved I measure only by my daily returns. My only parameter is whether I had a positive ledger at the end of the day. I don’t say I am positive everyday but my losses are small and every two days combined I am positive for the last 3 months at least. Small wins add up to a significant victory is what my philosophy says. For the last 3 ýears I have been trading I have used a large range of such wonderful targets and strategies only to find them as rainbows on a rainy afternoon – colourful and temporary. And I don’t announce a win until I achieved it. Otherwise it is a sure sign of a novice indeed.
When you choose a long time frame with a reasonable ROI you allow a large room for failure which is good except that you plan to fail ....you are not hard focused to bring the best out of you and depend on time to cover up your mistakes. Only consistency and discipline can see you through . That is easier said than done.
Whenever somebody announces a grand plan with fantastic ROI number I can’t help recalling my early days in trading when I used to conjure up those fantastic numbers on my excel sheet. Thousands adding to lakhs everyday by increasing my lot sizes and getting an exponentially fatter profit only IF I get to profit every single day of trading. Alas excel sheet projections are very far from actual trading. Even if one can be consistent on profits with small lots, larger lots bring different challenges – some psychological and some systemic. Psychologically one is gets more depressed losing large amounts of money even if it is pre planned as Stop Loss. Systemically a large lot is prone to trading slippages as large orders tend not to get filled at the right price.
My only point is that one should discuss what he has done in the past instead of what he can do. A little good achievement is a lot better than a grand good projection.
Regards,
Oppo |
Opportunist
Read your comment way back and can't agree more today. |
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