update 22nd April ..
April trading capital grown
99%.
Update 14th April
April trading capital grown 60%
Some points worth recording .
1. Absolutely agree to below ST post . Yes I am in fool's game . Why agreed because I myself played this game many times and market every times proves me that I am wrong .
2. In absolute terms the 99% growth of April capital is minuscule when compared to the total loss so far incurred
3. this is my 10th year in market
4. I have a steady income from job and saved some income in real estate .
The above points is to ensure no one ( who reading this growth percentage ) shall carried away and take unwanted risk in market .
As mentioned in 1st page this thread started and maintained so far to test and prove ( if possible ) that losses in the market can be recovered if you keep on trying with very little amount until u find a way that suites .
Some traders are over obsessed with high returns. High returns with high risk, high leverage is killing....I know that as I have done all that , had been there. In my early days on 3-4 occasions I have had returns of over 100 % in a day..( YES in a day...my capital used to be small 1.25-1.5 L that time and days profit was 1.5 L )
But the eventual thing happened and I lost 200 % ( double my trading capital ) on one occasion...that was a turning point in my trading. That time the margins used to be payable next day. I had to sell 1000 SBI shares (which I had accumalated from my trading profits at Rs 97 ( these were Rs 10 shares) ).These shares today could be worth 25-30 L...but that was the lesson...I could not sleep for 4 days and from that day I NEVER had a major loss....What I was doing was outright foolishness.
Making 50 % in one month and loosing 60 % in the next is a fool's game...any fool can do it if he has total disregard for risk.....I would give much more credit to a person making 7-8 % per month with low drawdowns and consistancy... a steady upward slope to his trading equity...no sudden shocks, he is a real winner and has a potential to become good trader.
Smart_trade