Monday, March 5, 2012

1st Blog Gift

I have been day trading for quite sometime now and have been able to ensure that "cancer sticks" are being payed not from my pocket :)

Decided to start the blog to share how i have been able to do it . I have made some , so can you.

So here it goes ...

Rules of engagement :

Before i share them, this is my personal opinion of how i deal with stocks . Take it or leave it but please do not hold me responsible if you loose money because what i will share with you is what i have already done.

1. Hold the drink : Rome was not built in a day and so is the money . Most of the strategies are for gains over a period of 1-2 weeks . Some of them makes you hold the stocks/futures or options for longer period like 3-4 weeks (this happens rarely).

2. Limit your loss : Neither me nor my dad has a money plant in our backyard so ensure that head rules over heart. If a certain trade is on lossing trend, i book loss and wait for the next trigger points.

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Tip of the day :

Instrument : Derivatives
Commodity: Silver MCX
Call : Short at 59887. Stop Loss : 61000, Book Profit at : 59000

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