Seniors - Have you all gone through bad phase of intraday trading

[munde_77]

Of course everyone loses in the market sometimes. Some lose many times. But then perseverance is the key. Learn from your mistakes and do not repeat the same mistake again. Think that if you were on the other side of trade then what you lost would have been your profit. There are unlimited opportunities in the market every trading day wether it is going up or down. As a trader one must learn to take advantage of those opportunities. I have lost too and that too during a raging bull phase. So someone must have won because for every loser there is a winner. It is a zero-sum game after all.

I was losing money when everyone was making and now most of are losing I am recovering my losses gradually

 

[munde_77]

Hi rajendrani !

See the most important thing that i have learned in past few years is the importance of not trading. I don't know which method you are trading but, i am sure that if you have been watching the markets for quite a while now, you must be having one or more favorite trades ( the one's in which you mostly succeed ). Trade those trades only and with time you will learn more tricks. Like you said that you make both profitable and losing trades, there must be something wrong with the losing trades, may be the entries, the exits or they were simply not tradeable.

The ability to recognize what's tradeable and what's not can protect your capital. conserving your money and energy for the best bait is also part of the game.

On an all my point is that we should only trade the rule ( best trade ) and not the exception.

And brother why are you trading such qty that a minor hiccup is forcing you to think about quitting. Trade with small qty till you become consistent and raise the stakes later on.....

good luck

Sorry to say. There is nothing wrong with the losing trade cause it is inevitable but making or exiting on small loss is important

 

[prowithmoney]

It has been a week day trading for me. I have started pretty small- just a lakh worth of capital. Sitting at a loss of around 5K (net of brokerage and STT). I lost around 6.5K due to bad internet connection on one of the days.

What I have been doing?
1. I dont put stop losses. I prefer entering them on my own and I stay in 1 trade at any time (rethinking this due to aforementioned 6.5K loss)
2. I have been trying to get into momentum trades during the day and taking contrarian positions when I think the movement is overdone.
3. I have taken positions worth c1crore on each side. Is it too many trades?
4. I dont have any concrete system as such. I just get into highly volatile and liquid stocks.

Any pointers?