Capital: 3.5 Lac
Risk per trade: 1% i.e. 3500 INR (Reduced from 1.5 to 1%)
Calculate net profit / loss at end of every month and if in
profit add 50% of profit amount to risk to take per trade.
E.g. Say I make 20000 INR in a month. Then I will add 50% of
this amount i.e. 10k to Risk/Trade. So risk per trade would be 13500.
That’s the strategy to scale.
Currently I am undercapitalized. Hence would not want to
request a Pay-out at end of every month. Banking the money is very important.
Even the greatest like Jesse made a mistake of not taking the money home. I should
not make this mistake. 10 lac is the amount I am looking forward to. Once that
figure is achieved then would plan a strategy to take home / invest the profit
is other asset class(Less risk asset class that is)
Also there would a hard stop in place. Meaning If have X
number of loss making trades in a month then I will not trade for rest of the
month. Just to protect one bad month from wiping me out.
There are no targets that I will like to set for
myself. I will take whatever markets have to offer. I am quite sure that if I
get it right I will have satisfactory amount.
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