Playing since 2005 lost 13+3 lakhs

[stock72]

so with given suitation the upcomming week will give a huge impact to me either positively or negatively .....

I need this exipry above 5800 (atleast ) for break even .....

 

[shivamyogi]

Re: Playing since 2005 lost 13+3 lacks

Dear Stock72,

You have already got good advise by others. Here are my 2 cents.

What I would have done, I am writing here.

1- I always prefer to have records of all my trades with dates etc.
2- If I loose 3 months in a row, I will stop trading for atleast one month. Will analyse my records to find the reasons for its failure.
3- Will prepare a strategy based on my learnings from loosing trades. Then, will paper trade for 3 months to see if it works. WILL NOT TAKE REAL TRADES FOR THREE MONTHS!!!! (This I will take as my punishment for loosing and still not learning). If I happen to make profits 3 months in a row using paper trading then, I will start trading again with small money say 30-40k. Will try my strategy to see if it works for 3 months in a row atleast, If it doesn't work will go to step 2.

I have followed this when I was in loss and it worked for me. Hope this helps.

Regards

:clapping: gr8 friend..good methodology for the Winners.
Hats off.

 

[shivamyogi]

Sure shot for option traders 5400 pe @ 15 sl 9 trgt 36 55 87 99

 

[kumaragurunathank]

Stop loss trigggered 25% of my capital gone in just single attempt.. anyhow learn that should not follow this type of advice. [My trading capital 1000 rs only.. just getting experience]

 

[stock72]

Stop loss trigggered 25% of my capital gone in just single attempt.. anyhow learn that should not follow this type of advice. [My trading capital 1000 rs only.. just getting experience]

WHAT is your target price/ percentage ?

 

[stock72]

5626 -- nf NOW may be last chance for bear to exit ?

puzzled now........................................

again at 5626 ........................

 

[ajshare108]

again at 5626 ........................

may be this is the last time we see nifty around 5700 in this year

 

[stock72]

may be this is the last time we see nifty around 5700 in this year

you may be correct since there after nf will not fall below this level for this year :lol::lol::lol:

 

[stock72]

Though i wish this month series to expiry above 5800.... but seems to odd now ?!
other way round still four trading days are more .... immm let see

 

[trader.trends]

Though i wish this month series to expiry above 5800.... but seems to odd now ?!
other way round still four trading days are more .... immm let see

NF ended at 5645. You need a surge of 2.75% to reach 5800. Is that possible in the last week? Has it happened before? Yes it has happenned before. It happened in June 2011!. The friday close was at 5484 and the series settle at 5644 a surge of 2.92%.

Here is how NF has fared in the last 24 series in the last week. Figures taken from previous week's close to settlement.
Month Previous Week Settlement Diff
2009July 4575 4571 -0.09
2009Aug 4536 4688 3.35
2009Sep 4978 4986 0.16
2009Oct 5007 4750 -5.13
2009Nov 5066 5005 -1.2
2009Dec 5185 5202 0.33
2010Jan 5019 4867 -3.03
2010Feb 4845 4860 0.31
2010Mar 5274 5260 -0.27
2010Apr 5305 5254 -0.96
2010May 4928 5004 1.54
2010June 5261 5320 1.12
2010Jul 5443 5408 -0.64
2010Aug 5522 5477 -0.81
2010Sep 6034 6030 -0.07
2010Oct 6089 5987 -1.68
2010Nov 5890 5800 -1.53
2010Dec 6037 6102 1.08
200Jan 5700 5604 -1.68
2011Feb 5453 5265 -3.45
2011mar 5680 5824 2.54
2011Apr 5903 5784 -2.02
2011May 5484 5402 -1.5
2011June 5484 5644 2.92