I know I am going a bit aggressive. But I am doing it based on the Back Testing and Live Testing results that I got.
I’m trying to follow a more mathematical approach. Let me try to explain it to you -
Working Days In A Month = 20
Working Days In An Year = Around 220 [ 240 - (~20 trading holidays) ]
My Initial Capital = Rs.15000
My Target Capital = Rs.1,00,000
Capital To Be Gained = Rs.1,00,000 - Rs,15,000 = Rs.85,000.
So, I have to earn Rs.85000 in 220 Days.
It means, I have to earn Rs. 387 / Per Day ( 85000/220)
Now, There will be days, where I’ll not be profitable. And There will be days where no trade will be formed.
Based on Above 2 Factors, I am assuming that I’ll have to earn 85000 in half number of days.
So, I have to earn, 774 Rupees in 110 Days.
For remaining days, I just have to control my losses. I have to stay net At Par.
774 Rupees per day is achievable as per my Risk Management plan and other parameters. I hope I was able to explain my Math in Understandable Way.