iCharts Discussions

[ramesh151]

Gents,

This is not a daytrading stuff,

Make 50000 pm is possible
subject to following conditions.

Trading system 10%,money management 15%,position sizing 20%
this is TOTAL 45% contribution to success.

Rest 55% comes from psychological make up or you capacity to Understand market psychology and play along with it.

How much capital needed?
Depends only on you and your psychology.

Suppose you made 10% gain and 4% loss, your net gain =6%.
to make 50k at this rate your capital requirement is 8.33 Lacs

suppose you made 6% gain and 3% loss, net gain=3%, and capital required is 16.67 lacs to make a net income of 50000.

suppose you made a gain of 7% and loss of 5%, your net gain =2%, and capital required is 25 lacs.
So if you are capable and dont fall to market magic, you make more gains and need less capital and vice versa.

Proven trading system
you need to develop your own, paper trade and test it,perfect it.

stock selection
select stocks that have high growth in current year.


Read "6 Trading secrets-How to outperform experts" by Jim berg
follow it.