last two trades one of my worst .. im clearly not at my best ;-) regards gnight from there have a nice evening
Results so far. Pl review and let me know if you need more info. For those who want it, I can post the results of yesterday. it was + $ 37500 For those unable to open the gif file, Gross Profit so far : $163850 Commission: $15562.5 Net Profit in 7 trading days : $148287.5 Thanks mishwar
----I didnt knout bout SPY. Thanks i will check it out. if i dont get ES real time data, i will consider switching. Hope its liquid enough. ----I trade at least 5-6 lots in my place where i do real money trading. Yes, 100 is a lot but there is a reason right ? Im considering commissions now. Check todays results. ----commissions and taxes in US are very favorable for traders. Right now, here trading is a damned profession. i hardly know anyone who does it day in day out. no separate rules and there is a 0.015 % tax just on sec trans + many many other taxes like stamp duty, turnover tax, service tax and so on. the worst thing is they are levied at the time of trade and not later while reporting.. so its almost impossible to make a living scalping even if you are world class. its a diff story in the US. ----yes, sensex is hot.. the products, markets and rules are immature .. it will take time .. and consulting here is not easy .. i know the rules v well and the conditions too..there are strong reasons why im considering trading a good time in the US or UKmkts .. can anyone tell me bout commissions and taxes in Europe, specifically UK ? Thanks mishwar
Ive done a lot of intra day trading using 1 min, 3 min, 5 min and 10 min indicators and patterns and trade optimization techniques .. very successfully .. only the charges are prohibitive..only a broker here can afford. yes it is time consuming and very intense. as u mature the quality of life adjusts.. its difficult in the beginning. the most frustrating part for me in day trading is waiting for my indicators to fall in place so that i can take positions. i dont agree with ur style of increasing.. u have to play within ur limits .. suppose i can trade 10 lots total open at a time . i enter in 5 and 5 or 3 3 and 4. its possible .. and same way in exit 5 5 or 3 3 4 capital is imp . .. but in my experience most imp is trade optimization.. i believe i have developed it to more than world class.. thats why people are not able to believe .. blame paper trading etc. .. i have the same kind of results with real money trading .. but the only issues i have is with charges.. thanks mishwar
Still grappling with getting a live ES data feed. Im in India and am now doing research on those who provide. Please guide thanks mishwar
Today's breif homework. and then i throw it in the dustbin after taking position. Works best for me. Strong resistance around 1305.8? (dont know exact rate cause seeing it on yahoo finance. Only an open and hold above 1306 will help the index. Indicators at close quite weak. Was this rise only an upward correction of the rise ? We will knw soon but there is one point that says its the contrary and that is the retracement is quite strong .. if it had failed before 38.2, 50 % of the fall then there was a good chance there wud be bearishness. now the index has a chance... so lets see .. have a nice trading day. thanks mishwar
looking good so far .. the strength is holding .. but thats just an opinion .. to take a trade u need a lot more than just that . mishwar