Trading challenge! A 50L account w/ verified P&L

There are only two people selling and you shouldn’t buy from either of them

When are you starting?

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1st july

*3rd, i suppose :sweat_smile:

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Well dude, we have conflicting opinions atleast from my perspective the math just doesn’t add up. I deleted my answer because it works for you, use it. Why do you have to look for validation from me or anyone in this forum? That’s absurd. If it works, it works.

Secondly to clear your misconception, there can be returns as high as 600% to even 1000% . It’s possible with something called leverage. That roadside example you said, I know their story. They borrow money from loan sharks , in the morning buy from wholesale cheap and sell during the day. It’s essentially a leverage. Even home loan is leverage

Same way if I make 6% return for 3 months. Suppose I have 1:10 leverage, it’s 60% return for 3 months with leverage

your point?

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You seem unable to accept his returns and maybe finding ways to belittle or rationalize it to yourself.
There are all kinds of people in the market.
I for one love this post and would love to see the challenege in action. My own roi is much lesser than OPs but i do not feel threatened by him because what works for him may not work for me.

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Good initiative!

Similar to US investing championships contest, famous because of mark minervini

Well, I kinda believe you succeeded in buying options and being profitable. That’s where the leverage is there. But if you pulled off in other segments , that’s great too!

:expressionless:

I said the very same thing lol

I only trade index options. Buy, sell & scalp.

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I thought so, Yeah this makes lot of sense. Your returns checks out. Congrats! Atleast you didn’t go mad with the amount of lots one can buy with less margin and go crazy. I don’t think anyone else in this thread is gonna get it right

there was a time when brokers allowed me to sell 1lot nifty/banknif options for 1500 rupees :sweat_smile:

being reckless is always an option, it doesn’t guarantee higher returns :slight_smile:

I am doing similar challenge for my trading account but that is with Angel One. I started on April 1st 2023 with 75L and targeting a 4-6% return per month compounded for 1 year.

AngelOne doesn’t have a place where I can track my overall capital so I am using excel sheet to track the same.

I am not taking out any money from it currently. I guess after reading to your post I should take out some amount (will think :thinking: over it as it will change the formulas in excel sheet that I am maintaining to track my returns). May be next year, once I successfully able to achieve my targets :wink:

I thought that is compounding only (monthly) as you are calculating gains on capital of start month, unless I am missing something. As month starting capital is the sum of previous month’s capital & gains of that month.

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He takes profit out.

Got it, I missed that part.

always a good idea to periodically pull out trading profits to invest elsewhere :slight_smile:

Any pointers ? As profits are too low to buy some real estate, alternate options are gold, FD ?

Also all the best for tomorrow :slightly_smiling_face: or should i say from tomorrow :face_with_peeking_eye:

in the initial stage, def compound. As your size grows, would set aside a modest amount so you don’t have to worry about fixed expenses for foreseeable few years (gov bonds or debt fund would be best). I don’t keep any money in fd/gold.

I personally have invested into other private ventures and farmland but essentially, trading capital should be looked at as risk capital that you’re willing to lose.

:clinking_glasses:

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This one includes June too was your capital during June Was it also 50L?