A new Life, A new Career, A new Dream - I am a Trader

[timepass]

for recent loss i bought 6200 call at rs 50.I dint book profit when it went to rs 68,65,55.And then it fell.
Dont remember all the trades and had to look them into portfolio.I'l try to post my trades in future.I will add money
once i'l get my salary and will start newly for next month.I have one open position left but in deep loss..if that improves tomorrow
then il take position for this month nifty series again.

@Rajat1389

Do not add money in that stage you are in. Stop trading for quit a while and relax about your losses. If you broke your real legs, would you stand up next day to go to work, wouldn't you? Of course: No. First you would be interested that your legs heal and that you would learn again to walk with them. Now you just broke your legs in trading. So why do you not behave like the same you would do when breaking your real legs. Think about it and first learn a bit more about trading and all what it needs to do so. After your broken trading legs are healed, you have to learn again to walk on those trading legs. So slow down and do baby steps.

Take care and be wisely what you do in your decisions / DanPickUp

Rajat, Dan is right. Do not add money at this stage.

With 1873Rs. you can buy nifty option upto Rs. 37 or BNF options upto Rs. 75.
This is the last week of the series. Even the low priced options will move very fast and give plenty of opportunity of even doubling. Play with this amount only and get your entries and exits right.

This is a good amount and the right time to practice your trading skills.

 

[rajat1389]

@Rajat1389

Do not add money in that stage you are in. Stop trading for quit a while and relax about your losses. If you broke your real legs, would you stand up next day to go to work, wouldn't you? Of course: No. First you would be interested that your legs heal and that you would learn again to walk with them. Now you just broke your legs in trading. So why do you not behave like the same you would do when breaking your real legs. Think about it and first learn a bit more about trading and all what it needs to do so. After your broken trading legs are healed, you have to learn again to walk on those trading legs. So slow down and do baby steps.

Take care and be wisely what you do in your decisions / DanPickUp

ya for this month i may not do much trading.I appreciate ur concern but may be I have watched bhag milkha bhag too many times.Well on a serious note ur right,but i made profit for ten days on a streak jst on technical and strategical analysis and not holding any overnight positions for more than once or twice.Became greedy and dependent on news which on other side could have given me surplus money had I bet on opposite way.

But thats the risk and pros and cons of gambling.So i'l try to follow my previous system and will see if that works again or not and with modest capital.

 

[arcus]

ya for this month i may not do much trading.I appreciate ur concern but may be I have watched bhag milkha bhag too many times.Well on a serious note ur right,but i made profit for ten days on a streak jst on technical and strategical analysis and not holding any overnight positions for more than once or twice.Became greedy and dependent on news which on other side could have given me surplus money had I bet on opposite way.

But thats the risk and pros and cons of gambling.So i'l try to follow my previous system and will see if that works again or not and with modest capital.

I have heard of having a trading strategy but what is "strategic analysis"?

 

[Taiki]

EOD Summary

Started the week with profit. Did only 1 short trade below 5977, and covered at 5935. Profit of +42 points.

Closed the session early and took rest because of few health problem. Feeling down a little, will trade tomorrow if I feel all right.

Regards
Taiki

 

[dhinakar113]

EOD Summary

Started the week with profit. Did only 1 short trade below 5977, and covered at 5935. Profit of +42 points.

Closed the session early and took rest because of few health problem. Feeling down a little, will trade tomorrow if I feel all right.

Regards
Taiki

Welldone, Taiki. :clapping: Wishing to get well soon...you'll be alright tomorrow.

Dkr

 

[rajat1389]

EOD Summary

Started the week with profit. Did only 1 short trade below 5977, and covered at 5935. Profit of +42 points.

Closed the session early and took rest because of few health problem. Feeling down a little, will trade tomorrow if I feel all right.

Regards
Taiki

congrats,i too culdnt resist after clear signal of nifty fall.Bought 6000PE at 95 and sold at 120.A little recovery!
Take care of health

 

[krist]

How r u taiki?

regards
Krist

 

[Taiki]

Hello Krist,

Thank you. Yes I have recovered well. was down for 2 days due to viral fever.
I will resume trading from tomorrow, i:e October Series.

Regards
Taiki

 

[avny]

Hello Krist,

Thank you. Yes I have recovered well. was down for 2 days due to viral fever.
I will resume trading from tomorrow, i:e October Series.

Regards
Taiki

get well soon,

all the best

 

[HEM]

Hello Krist,

Thank you. Yes I have recovered well. was down for 2 days due to viral fever.
I will resume trading from tomorrow, i:e October Series.

Regards
Taiki

Dear Taiki,
Take care and get well soon....:thumb:

HEM