General Trading Chat

[mudraatrader]

No followup on down move..no follow up on the up move.. has been a nightmare market for my trend trading system in last few weeks...

bhai isi ka naam market hai
market is supreme

 

[XRAY27]

bhai isi ka naam market hai
market is supreme

Bhai !!! Perfect quote :thumb:

 

[deba72]

Bhai !!! Perfect quote :thumb:

Indian market simply doesn't have the depth to deal with the ever increasing number of HFT firms. Today's movements are a proof of that.

 

[Buzzstop]

iisiliye mummy ney kaha tha stop loss lagao beta

 

[ap*]

60 days challenge helps us cutting our losses quickly.But it should not induce booking profits also just in breakeven or small profits. Remember that you will make good score if the profits are more than your losses and for this reason we have to hold our winners.

Winning the challenge with 2-3 % gains is winning for getting the brokerage back. Our aim should be disciplined trading for making good returns on capital...not brokerage refund alone.If done with this attitude then it greatly helps us achieving consistant returns.

In other words, we trade for earning returns on our capital and not for winning 60 days challenge......winning that challenge comes as a natural byeproduct.

Smart_trade

Thanks for the advice Sir, hope my trading takes after your advice.

 

[Bane]

On a side note how many Zerodha 60 day challenge winners do we have here ? Asking because i want to know if winning the challenge helped your trading in anyway. Asking because ever since it i have lost my sense of patience and only try to end trades in break-even or small profits. Im missing out on very big moves in my intraday account.

In short i have become very very conservative and i am now making only 30% of the profit/loss i used to make. Overall success ratio hasnt improved but still:lol:

-- There are many 60 days winners are here.
-- Currently in my 7th challenge.
-- Lost 1st,2nd,3rd and 4th challenge.
-- 4th challenge lost due to the reason you mentioned here
-- Won 5th and 6th challenge and 7th is on the way.
-- But we trader need to work really hard and ruthlessly follow our plan, then these certificate would be icing on the cake

 

[XRAY27]

Indian market simply doesn't have the depth to deal with the ever increasing number of HFT firms. Today's movements are a proof of that.

Agreed !!!!

 

[manish9300]

Yesterday 7915 was the level to buy above.Today 7806 is the the level to sell below.So no trade for me today so far.Was tempted to go long in 1m chart but passed it as range overall is getting narrower.

 

[stone boy]

2 straight trades of 10 pts hit SL ...so done for the day ...no position in swing/positional

mine too

 

[ap*]

-- There are many 60 days winners are here.
-- Currently in my 7th challenge.
-- Lost 1st,2nd,3rd and 4th challenge.
-- 4th challenge lost due to the reason you mentioned here
-- Won 5th and 6th challenge and 7th is on the way.
-- But we trader need to work really hard and ruthlessly follow our plan, then these certificate would be icing on the cake

I have taken part in 1 and won 1. Just took part to see how it might help me. Did more harm than good. So now focusing on being consistent without any challenge playing on my mind.:lol:

Now looking at improving areas like psychology etc. i have a decent strategy that has been profitable, but i make a lot of mistakes just like the most traders do. 1) Not following rules. 2) Telling myself that this particular situation comes outside the rule book and again repeating point 1 and 2.

How powerful our minds are at convincing us to break our rules set in stone with experience over time is not even funny.