re: Day trading Nifty & Banknifty Futures
yes u r right , I will look into it .
I trade very aggresively, time to trade defensively.
risk reward etc and ST's post yesterday was real good with three points in it to ponder upon.
Take a break and go very slow. There is enough time to make money. If you overtrade and keep on making loss, you will lose confidence and it will be very difficult to rise. Not to discourage you.
In my initial days I was aggressive and over trading , I had the feeling of taking revenge on market but market always humbled me. In my Initial days I made some money by luck , but I though I am very smart , thought making money is very easy and calculated what would have been my profit if I traded ten times of what I traded. I thought my profit would also have been ten times. i used to over trade 50 to 100o lots and finally lost good amount in 2008 . I had two bad experience in my life. . I became panic, frustrated, disappointed , Slowy I started to trade in 1 and 2 lot . The thumb rule is go slow and trade with very very small position size.
Trading is the best profession in the world but also the toughest profession in the world. Market will humbe even the genius here. Market dont know whether the trader is Illiterate or genius. Trading is the easiest way to lose money. Many crorepatis have become lakhpati but very few lakpathis have become crorepati here
Here one joke. A broker introduces a millionaire used to trade. . Eveyone gets surprised and come to him and ask him what was he before. He said I was billionaire before trading . Commodity trading is far risky. I know Many people from villages or rural ares took to trading in commodity became pauper or made huge loss.
i know many big shots who lost 10, 20 crores in gold futures trading. Many Jewellery shop which are more than 3 to 5 generation have been shut due to huge loss in gold futures trading. ( I am not a graduate. I am only +2 Pass so excuse me if my English is not good) Here more than 95% are well educated persons
Anyway wish you a Happy Near Ahead and Bright Future for Trading. All the Best.
and waise bhi lowest low to abhi zero ho gaya tha 
