Few weeks back, I made a post discussing how letting our winners run is the only way to make money from the markets.
Click here to read it. I also took an effort to make a post formulating guidelines on how we can let our winners run and shared intraday charts of the trades where we could have followed those guidelines and made lot of money. Now from this July month onward I have started to implement the strategy of making profits larger and losses smaller in all my stock future trades following guidelines as discussed in earlier post.
Click here to read those guidelines.
I have made following preparations in order to achieve my goal of making profits larger.
- Selected a broker, SAS Online.
- Funded a trading account with the capital of Rs. 75000.
- Will use bracket and cover order facility whenever necessary to leverage.
- Keep max risk per trade less than Rs. 3500.
- Limiting max number of loss making trades per day to 1.
- Initiate trade only in morning session of the day.
- For stock futures, let the winning trade run as per guidelines. For Index futures, book out at target levels.
Now let's have a look how trades are performing this month. First is a simple excel sheet showing number of trades, stock name, entry and exit levels.
These trades are never paper trades. These all trades were shared live in Telegram app well in advance so that other traders can copy these trades and benefit. Also I am going to share here broker's ledger report to give you further confidence in day trading (will share only for this current month).
Markets have been very generous this month and already have given 3 super winners. Now with the quarterly result announcement of listed companies this month, I hope there will be more number of such winners.
With proper understanding of markets, risk management and discipline, it is possible to earn monthly income from day trading with small capital. If you are really serious about day trading, you can learn how to day trade successfully with my
video tutorial and
mentoring program. If you already have developed a trader's mindset and you want to trade with my help like this, you can join my paid Telegram trading group and achieve the goal of "make profits larger and losses smaller" with me.
Mail me to
charttechnicals@gmail.com or ping me in Telegram to
@Chart_
Technicals for more information.
