Day Trading Stocks & Futures

PreSap

Well-Known Member
I'm in my 7th year as a full time trader after parting ways with a high paying Job. The first 2-3 years were a roller coaster ride. Making a couple of lakhs in a single trade in one day and losing double of it on the next trade. You know how it is when you begin :). Thankfully and in hindsight all those failures were very instrumental in knocking sense into my brains. Gladly, I'm well past those days.

The only regret however is that... My earlier profession used to take up a lot of time and would not allow me to pursue other interests in life such as travelling etc. I had figured that trading would allow me to trade at my time and from any place. Sadly, I find myself in front of the terminal at 7AM each day. In the past 7 years, I have barely pursued any personal interests that I had actually set out to do. I have to admit that nothing stops me from doing all those things but I tend to keep busy with charts/news etc etc or with overseas markets.
Something I have to work on before age runs me down.
Risky sir,
At the outset, I apologise if some of my questions seem intrusive. Do not reply if any of it seems offensive.

You mentioned that the initial 2-3 years after you first turned into a full time trader, you had a bumpy road. Were you a successful part time trader before you became full time? I ask this to understand if there was a psychological effect of leaving the job which probably had an impact on the initial years of turning full time.

Were you also trading big sizes before you turned full time since you mentioned you would make a lakh and then give back more.

How many years were you a part time trader before you became full time?

The whole discussion has been brilliant!


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pannet1

Well-Known Member
View attachment 35397
please share automated exit things
i have attached one in my metatrader indicators thread i think. basically, i look to exit at 0.5% when i am trapped. when i doing good (my trades are panning out well), i look for 2-4% of my account size to exit. I just feed the numbers to my meta trader expert (program) and it will squareoff all orders.

i am yet to find a suitable solution for MCX commodities. I am already in the process though.
 
I hope Pakistan is crushed under its own weight even more.

 

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