Hiya,
I’ve been buying and selling in dwell marketplace for 4 months Now. I Began in July.
I began with 50000 Rs. Now my capital is 270000 Approx. Now I’m planning to withdraw 30k per thirty days for my bills and different wants.
Up to now my win charge is 62%. Main Positive aspects in October and September.I goal 1:3 R:R. I do intraday choice shopping for (NIFTY and Banknifty). On a mean I take solely 2 Trades a day however a while I do overtrading as nicely.
I’m planning to do that Full time. I’ve no different backups or different sources of revenue. (Due to some medical causes I’ve to go away my job in December 2021, earlier than that I used to be incomes 62000/month).
Is it Concept?What different issues I’ve to bear in mind?Ought to I search for job?
Please Give your invaluable strategies.
Thanks.
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DEWANSH_JAISWAL:
wants.
if u have adopted/developed methods/logic whose win charge is 62 % whereas compounding the cash then actually u might proceed. if that is results of some random trades then NO
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Commerce with 15% of what you may have for two to three years minimal. That ain’t a acceptable resolution about 30% month-to-month. You dont understand how market reacts in future however making assumption of end result 30% is nightmare.
Dont make choices in months. Let be your win ratios 100%. Simply get expertise for two years.
Relaxation is historical past in case you plan.
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Have you ever backtested the technique ? At present, there’s a whole lot of motion, would it not carry out identical within the 2017 and 2018 low vix markets ?
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I’ve Again-tested for 2020 to until date.
Will do the identical for 2017 and 2018. Thanks for the suggestion.
Thanks man for the suggestion.
SpacemanSpiff:
Attempt to backtest your plan/system, It’s essential have some estimate for worst drawdown that you’ve confronted traditionally ( say final 5/10 years)
You’re proper. I must do Again-testing for five years atleast for higher understanding.
I Guess I’ve to look a job for now.
Truly I’ve a technique and Again-tested it as nicely. But it surely want some enhancements.
In case your physique can help you working, I might say work, since you don’t have any one other common revenue supply. Do one thing that your physique helps.
So far as buying and selling is anxious, you are able to do it even if you end up working, though the sensible facets like watching each minute how the commerce goes relies on the job. I take supply trades, so I would like to take a look at worth solely when shopping for, after I purchased my amount, I’ve nothing to do for that commerce for the day. My level is, even with intraday you possibly can handle buying and selling to some extent, whereas working too.
Fairness is risky, we’d like debt which supplies us common revenue, as soon as that’s constructed, we are able to take any sort of dangers with the capital allotted to fairness, we could be adventurous.
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Oh sure right: that is the most effective advise Mr.Jaiswal can get – “In case your physique can help you working, then work.”: one hundred pc proper in relation to taking over buying and selling as full time job. Thanks quite a bit for sharing ur knowledge and expertise…
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DEWANSH_JAISWAL:
I’ve no different backups or different sources of revenue.
Should you don’t have another sources of revenue, you’ll really feel the necessity to commerce on a regular basis even when your setups don’t present up.
Construct vital emergency funds and cash to remain afloat in case you are not in a position to make revenue for 2-3 years. Market dynamics change on a regular basis.