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Profit Junction by Alchemist |
Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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Post: #1  Posted: Mon Nov 26, 2018 6:27 pm Post subject: Profit Junction by Alchemist |
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Hi Friends,
Starting this thread as a trade journal to trade NF only for swing trades. Will try and post trades as real time as possible and will run this thread until end of Dec 19
Position sizing rules
Normal trade size 4 lots (300 qty)
If first trade is loss making, next trade will be 4+2 = 6 lots
Keep adding 2 lots if consecutive loss trades ie third trade to be 8 lots if first two trades makes a loss. At any point if overall ledger comes in profit I return to trading 4 lots again.
The system will involve partial booking of profits and tentative SLs
Let the profits at profit junction begin !
Trade 1 started with buying Dec fut at 10675 (4 lots)
Cheers
SH/Alchemist
[/u] |
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kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
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| Post: #2 Posted: Mon Nov 26, 2018 11:36 pm Post subject: Re: Profit Junction by Alchemist |
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Congratulations ..... Good initiative , traders with capital of 7 to 10 lakhs can try this, traders with anything less than 5 lakhs should just watch for sometime before initiating trades using this strategy.
Regards |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #3 Posted: Tue Nov 27, 2018 3:29 pm Post subject: |
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Carrying all 4 lots NF Dec fut bought @ 10675, closed at 10727 today
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #4 Posted: Wed Nov 28, 2018 9:29 am Post subject: |
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Trade 1 update
Booked 2 lots NF at 10760, profit booked 85 x 150 = Rs 12750
Sold 2 lots NF 10700 PE at 30 instead with just one day to go for expiry.
Holding the balance 2 lots NF long from 10675
Cheers
SH
Last edited by Alchemist on Wed Nov 28, 2018 11:02 am; edited 1 time in total |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #5 Posted: Wed Nov 28, 2018 10:12 am Post subject: |
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falcon
White Belt
Joined: 17 Nov 2011
Posts: 211
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| Post: #6 Posted: Wed Nov 28, 2018 10:45 am Post subject: |
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| Please correct it. The balance 2 lots of NF is your long position. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #7 Posted: Wed Nov 28, 2018 11:02 am Post subject: |
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| falcon wrote: | | Please correct it. The balance 2 lots of NF is your long position. |
Thanks Falcon, corrected now |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #8 Posted: Wed Nov 28, 2018 3:39 pm Post subject: |
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Nifty market sentiment = Remain Bullish
Swing Trade 1 update
Booked profit = Rs 12750
Sold 2 lots NF 10700 PE at 30 , closed at 26 today. Carried.
2 lots NF long from 10675, closed at 10754 today. Carried.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #9 Posted: Thu Nov 29, 2018 9:26 am Post subject: |
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Booked sold puts at 3, another 27 x 150 = 4050 profit booked.
Holding 2 lots long NF Dec series.
Cheers
SH
| Alchemist wrote: | Nifty market sentiment = Remain Bullish
Swing Trade 1 update
Booked profit = Rs 12750
Sold 2 lots NF 10700 PE at 30 , closed at 26 today. Carried.
2 lots NF long from 10675, closed at 10754 today. Carried.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #10 Posted: Thu Nov 29, 2018 1:40 pm Post subject: |
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Booked 1 more lot at 10875 (200 points)
Only one lot holding.
Cheers |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #11 Posted: Thu Nov 29, 2018 2:19 pm Post subject: |
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Booked last lot at 10900 (225 points).
Total profit booked in swing Trade 1 = 12750 + 4050 + 15000 + 16875 = Rs 48675
Wait for next trade.
Cheers
SH |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #12 Posted: Thu Nov 29, 2018 2:22 pm Post subject: |
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welcome back.
prakash holla |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #13 Posted: Fri Nov 30, 2018 2:28 pm Post subject: |
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Swing Trade 2
Time to start re-entering long positions gradually back with this correction.
Bought 2 lots at NF 10860
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #14 Posted: Mon Dec 03, 2018 9:33 am Post subject: |
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Booked both lots at 10930..... Profit booked 70 X 150 = Rs 10500
Waiting for next trade now.
Cheers
SH
------
Trade history
1st swing Trade = 48675 profit
2nd swing Trade = 10500 profit |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #15 Posted: Mon Dec 03, 2018 1:23 pm Post subject: |
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Swing Trade 3
Time to start re-entering long positions gradually back with this correction.
Bought 2 lots at NF 10890
Cheers
SH |
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