Successful trading at times is simplified process of few steps. While the markets will remain volatile at
times frustrating in a range at times defying any sense of movement and at times react crazy to news based
movements. This is the nature of the market and will remain so. This is
something we cant control or alter.
What we can do is have our basics of a successful trading correct and
stick to it in a disciplined manner.
There are two high level components to a good trading 1. Have the right
plan in place 2. Stick to the plan.
In details the steps are as follows:
Lets discsuss the steps in details Now:
1. Identify:
This is the first step to identify a potential winning set up, scan charts to
see repetative patterns
2. Define:
Define the buy sell logic in simple terms. At times this is the most difficunt
stage as we try to keep changing this at early stages
3. Develop:
Develop the strategy if you can in any trading software
4. Backtest:
Back test the strategy to see if its profitable in various market conditions
5. Disciplined
Trading: Now once you have decided the strategy just stick to the plan and
execute as per it. Give your strategy a good time to trade in real market
conditions. Don’t be frustrated or over joyed in the short run
6. Review:
Review and refine in a periodic basis if
needed. But we recommend at least a quarter trading to even decide if a
strategy needs refining.
Not all
steps are easy to be done by a trader at all levels and at times we don’t have
the money to try out strategies.This is where the system based solutions from
powertrade come in. we provide the in depth expertise and suport to help you
with the first 4 steps. Rest 2 is simply followed by the trader and eventally
makes the difference between a winning and a losing trader.
Powertrade
has developed advanced algorthim based solutions which have now a proven
success record over varying market conditions.
Our
smartsignals trading signals gives the trader an edge over others and makes a
key difference. Smartsignals have outperformed the market in a consistent basis
over the long run.
Let us review how our trading signals have performed:
Underlying:
BankNifty Futures
Traded
Quantity: 2 Lots
Start
Date: Jan-2012
Start
Capital: 1 Lacs
Current
Capital: 3,74,100 INR
Returns On 100 INR Invested in the Index versus Traded with the system
