I am following this thread from last 4years anonymously, but never take any participation.
I request ST Dada and other traders to put your views on this small query of mine.
The Mistake-
In last 4 years,I lost 85000rs trading NF,NF Option,Stock Futures and Cash Market.
Loss of 85000rs is big as I belong to Middle Class Family.
I have left with 65000rs.
Loss Seasons are-
1) Tukka Trades
2) Trading without SL
3) RR/MM not taken into the consideration
4) Running behind the trade
5) After loss, I took many fearful entries
6) Taking trade in fear, seeing the price moving so fast and entering at last instant highest/lowest candle
7) Used full margin if trading Cash Market.
8) Exiting too early from a winning trade(I am Scalper) and taking another trade(2nd Scalp Trade) that is a bigger loss and the day ends in a net loss.
9)
My most money gone in trading stock future.
For Example-My account size was 35000rs and I traded Tatasteel Future,margin was some 20000rs.
(Right thing would be-I should have traded Tatasteel Equity Cash with 100-200 shares.)
Last week I took Relinfra Fut trade and made a loss of 6000rs.IF..If the target achieved I would have made 3000rs.
This all happening because-I want to recover my all losses and I want to move forward.
Question of Growth-
Now,I realized that I was trading with wrong MM,wrong RR and wrong expectations.
All these expectation has been broken down,so this query,please do reply-
I cant add more money.If I do only cash market intraday trading with this remaining amount,then-
1) What will be my growth rate?
-Because I was expecting making 1 lakh per month lol
Now seriously,I see,only 4000-5000rs can be made on this 65k.
2)I am a Scalper all these 4years.
-If I buy say 100 shares @ 400rs,they all don’t get execute @400rs
10@ 400
12@ 400.05
[email protected]
50@ 400.15
But Future has a bundle of 1500 shares,so no prob of execution, thus I got attracted to it.But as per MM/RR,I cant do it.
How should I handle this? Because I will be doing scalping again if I do cash market.
3) How should I monitor 5-10 scrips?
4) Should I do NF with 1 lot or 1 lot option?
Many more queries but for now only 4 above.
Thanks
I request ST Dada and other traders to put your views on this small query of mine.
The Mistake-
In last 4 years,I lost 85000rs trading NF,NF Option,Stock Futures and Cash Market.
Loss of 85000rs is big as I belong to Middle Class Family.
I have left with 65000rs.
Loss Seasons are-
1) Tukka Trades
2) Trading without SL
3) RR/MM not taken into the consideration
4) Running behind the trade
5) After loss, I took many fearful entries
6) Taking trade in fear, seeing the price moving so fast and entering at last instant highest/lowest candle
7) Used full margin if trading Cash Market.
8) Exiting too early from a winning trade(I am Scalper) and taking another trade(2nd Scalp Trade) that is a bigger loss and the day ends in a net loss.
9)
My most money gone in trading stock future.
For Example-My account size was 35000rs and I traded Tatasteel Future,margin was some 20000rs.
(Right thing would be-I should have traded Tatasteel Equity Cash with 100-200 shares.)
Last week I took Relinfra Fut trade and made a loss of 6000rs.IF..If the target achieved I would have made 3000rs.
This all happening because-I want to recover my all losses and I want to move forward.
Question of Growth-
Now,I realized that I was trading with wrong MM,wrong RR and wrong expectations.
All these expectation has been broken down,so this query,please do reply-
I cant add more money.If I do only cash market intraday trading with this remaining amount,then-
1) What will be my growth rate?
-Because I was expecting making 1 lakh per month lol
Now seriously,I see,only 4000-5000rs can be made on this 65k.
2)I am a Scalper all these 4years.
-If I buy say 100 shares @ 400rs,they all don’t get execute @400rs
10@ 400
12@ 400.05
[email protected]
50@ 400.15
But Future has a bundle of 1500 shares,so no prob of execution, thus I got attracted to it.But as per MM/RR,I cant do it.
How should I handle this? Because I will be doing scalping again if I do cash market.
3) How should I monitor 5-10 scrips?
4) Should I do NF with 1 lot or 1 lot option?
Many more queries but for now only 4 above.
Thanks