You are 100 % correct. Over confidence and not following any trading plan lead to loss. I am not disciplined trader yet.
I edited my post, losses increased by Rs. 1000-.
Planning to trade disciplined and not to overtrade. Unable to do as per my plan during market hours. GREED AND FEAR make me confused.
I was a disciplined trader from 2007 to 2012 Aug. I earned so much money during 2007 & 2008, like all people due to Bull Market. Then, upto 2012 Sep, I earned regularly, (NOT MUCH LIKE 2007/2008) following certain technicals with strict stop loss.
From, 2012 Sep, I am unable to trade in equities due to my personal commitments not financially, physically.
Then, I am planning to invest around Rs. 10 Lakhs for regular income. Initially, I invest Rs. 50,000- for trading. This all are the trial trades to test my technical strength, Money management, Habits and discipline.
Hope, I will return to my trading style and form at the earliest. Till such time, I will wait for further investment.
Thanks