Posting my last 6 months of PNL
With a view to addressing norms of transparency, we are happy to share our last 6 months PNL statements of all my accounts.
With a view to addressing norms of transparency, we are happy to share our last 6 months PNL statements of all my accounts.
Some may be wondering why I trade in multiple accounts.
After 50 Lakhs profit, we enter a higher tax slab for individuals.
So we shift funds between the family members to make sure the profit gets divided equally and that we don't cross 50L profit in any account.
After 50 Lakhs profit, we enter a higher tax slab for individuals.
So we shift funds between the family members to make sure the profit gets divided equally and that we don't cross 50L profit in any account.
All traders carry out this openly known practice by giving "Unsecured Loans" or "Gifts" to family members.
I have traded mainly in one account at any point in time, not 2 or 3.
Continued switching the funds after almost near 50 lakh profits.
I have traded mainly in one account at any point in time, not 2 or 3.
Continued switching the funds after almost near 50 lakh profits.
Here are the profits from Angel Broking Accounts below and after that my new broker Sas online.
1) Angel Accounts
These two accounts have a total Income of 58,02,174 put together in these accounts.
58 Lakh approx.
These two accounts have a total Income of 58,02,174 put together in these accounts.
58 Lakh approx.
2) SAS Accounts
These two accounts have a total income of 70,05,424 put together.
Below are my and my brother's account.
These two accounts have a total income of 70,05,424 put together.
Below are my and my brother's account.
So since 1st April, I have earned approximately Rs 1,28,07,598 in total.
This is about 1.3 crores Total profit Approximately for the past 6 months.
This is about 1.3 crores Total profit Approximately for the past 6 months.
Ledger:
This was my starting capital on April 1 in my angel account.
My starting capital is approximately 5 crore for the year.
This was my starting capital on April 1 in my angel account.
My starting capital is approximately 5 crore for the year.
I have therefore made about 1.3 crore in profit over the past 23 weeks on a capital of 5 crore.
My ROI comes up to approximately 26% for the year till today.
This is a weekly return of more than 1%.
My ROI comes up to approximately 26% for the year till today.
This is a weekly return of more than 1%.
We've also had weeks where we've lost money, and we haven't hesitated to post those losses.
Here are a few examples.
We suffered significant losses in a few large gap downs, which reduced our returns.
Here are a few examples.
We suffered significant losses in a few large gap downs, which reduced our returns.
My partner @niki_poojary trades independently in her own account, which is around 1.8 crore, and has the same return.
We have created a few price action setups that we use as the foundation for our trading.
These are the same setups we are going to share in our workshop.
We have created a few price action setups that we use as the foundation for our trading.
These are the same setups we are going to share in our workshop.
Moreover, we have never claimed that we make ultra-high ROI's.
You are welcome to visit our workshop if you are still unsure about whether we are profitable or not.
The first thing we will do is show our PNL live to the participants.
I won't be discussing this issue any further after this post.
The first thing we will do is show our PNL live to the participants.
I won't be discussing this issue any further after this post.
We are looking forward to meeting the workshop participants in Mumbai and sharing our knowledge. @niki_poojary
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