Shall I Continue this?

[DanPickUp]

It is very pathetic situation, I started trade on 16/4/2010 with the capital of 42000 Rs . I started with intraday and until now doing this. My current balance is 22950 Rs . I lost almost 20000 during this month. And even single day I never get profit. Every day losses. Whenever I am buying or selling the stock, next moment it stating to reverse direction. Now I am very confused and sad,

Can anyone help me , how can I overcome this? Or shall I continue this?

Now I have Bharti airtel 60 nos at the price of 270 rs and RNRL 100 nos at 50.50 rs , not sold because it is very low now.

Shall I Sell it quit from the field? Or continue with more aggression? I want to make money form it . Your valuable advise will boost me.

Regards

Hi

I follow this thread now for a certain while and I am some times surprised,
what kind of tips you get.

Did any of this tips help you to reduce your risk or did you chance your trading behavior by reading all that stuff ?

DPU

 

[vssoma]

dear,
mr. raghava explained in very very easy way that even a kid also understand well. check this is very useful to not only U but also every student.

http://www.traderji.com/day-trading/40980-my-daytrading-2.html#post435739

good luck

 

[DanPickUp]

Hi

Hope this gives really answers you really can use beside other ones :

http://www.traderji.com/beginners-guide/39632-come-into-traders-den-25.html#post435775

Take care

DanPickUp

 

[Deeplooser]

My todays trade, One more day for loss, due to confussion I did not do much trade

----------Bought For You--------- ------------Sold For You-----
Qty Rate B.Brkg Rate+Brk Security Qty Rate B.Brkg Rate-Brk
-------------------------------------------------------------------------------------------------------
25 268.0000 0.1340 268.1340 BHARTAIRTE
BHARTAIRTE 15 268.7500 0.1344 268.6156
BHARTAIRTE 10 268.7500 0.1344 268.6156
NetAmt: 12.0400Cr NetQty: 0(S) NetRate :-
-------------------------------------------------------------------------------------------------------
5 1,005.0000 0.5025 1,005.5025 REL INFRA
REL INFRA 5 996.4500 0.4982 995.9518
NetAmt: 47.7535Dr NetQty: 0(S) NetRate :-
-------------------------------------------------------------------------------------------------------
25 45.4000 0.2270 45.6270 RNRL
NetAmt: 1,140.68Dr NetQty: 25(B) NetRate :45.63
-------------------------------------------------------------------------------------------------------


========================================================================================================
55 12,871.54 30 11,695.15
1,176.39 Dr

Regu. Chrg Rs: 0.91
Security Tr. Tax Rs: 4
Service Tax on Brokerage Rs: 1.79
Stamp Duty Charges : 0.58
Net Rs: 1,183.67Dr

 

[Deeplooser]

Today I really confused to which stock to buy.

Due to 3G spctrem is chance to increase the share value of Bharti airtel

 

[biyasc]

My todays trade, One more day for loss, due to confussion I did not do much trade

----------Bought For You--------- ------------Sold For You-----
Qty Rate B.Brkg Rate+Brk Security Qty Rate B.Brkg Rate-Brk
-------------------------------------------------------------------------------------------------------
25 268.0000 0.1340 268.1340 BHARTAIRTE
BHARTAIRTE 15 268.7500 0.1344 268.6156
BHARTAIRTE 10 268.7500 0.1344 268.6156
NetAmt: 12.0400Cr NetQty: 0(S) NetRate :-
-------------------------------------------------------------------------------------------------------
5 1,005.0000 0.5025 1,005.5025 REL INFRA
REL INFRA 5 996.4500 0.4982 995.9518
NetAmt: 47.7535Dr NetQty: 0(S) NetRate :-
-------------------------------------------------------------------------------------------------------
25 45.4000 0.2270 45.6270 RNRL
NetAmt: 1,140.68Dr NetQty: 25(B) NetRate :45.63
-------------------------------------------------------------------------------------------------------


========================================================================================================
55 12,871.54 30 11,695.15
1,176.39 Dr

Regu. Chrg Rs: 0.91
Security Tr. Tax Rs: 4
Service Tax on Brokerage Rs: 1.79
Stamp Duty Charges : 0.58
Net Rs: 1,183.67Dr

its ridiculous. why dont you stop trading for a few days when you are loosing your capital day by day. you asked for advices and there are peoples who gave their valuable sugetions. look at the latest ones.

http://www.traderji.com/beginners-guide/40928-shall-i-continue-4.html#post435782
http://www.traderji.com/beginners-guide/40928-shall-i-continue-4.html#post435786


but it seems you are no more interested on their advices and trying hard to ruin yourself. what kind of game is this. its really suspicious behavior from your end.

 

[Deeplooser]

Now I change my trade style
I am doing 5 minitus trade,i will not allow that stock keep with me long time, until and unless it have some extraordinary movement

I am not going to quit this field and I want to be a millonaire. I will make my own style.

As we know 20000Rs (which i lost)is not abig amount to cry whole life for that.(even not small also), I want to forget that chapter, i will cosider it us my course fee. I am taking it us a challenge

I decide to follow Warren Buffet Rules( 2 Rules) from 20th May 2010

Rule 1: Never allow to Loose your money
Rule 2: Always follow the Rule1

Today I make 387Rs Profit .

That means what method you adopt, what software you use, what ever be the market trend, what stockyou purchase, dont allow loose your money

I will update my trades from monday, And also my trade style,

You can also help me to progress

 

[NiftyFantasy]

Now I change my trade style
I am doing 5 minitus trade,i will not allow that stock keep with me long time, until and unless it have some extraordinary movement

I am not going to quit this field and I want to be a millonaire. I will make my own style.

As we know 20000Rs (which i lost)is not abig amount to cry whole life for that.(even not small also), I want to forget that chapter, i will cosider it us my course fee. I am taking it us a challenge

I decide to follow Warren Buffet Rules( 2 Rules) from 20th May 2010

Rule 1: Never allow to Loose your money
Rule 2: Always follow the Rule1

Today I make 387Rs Profit .

That means what method you adopt, what software you use, what ever be the market trend, what stockyou purchase, dont allow loose your money

I will update my trades from monday, And also my trade style,

You can also help me to progress

he he he he he
This is not u who is speaking in fact this is Rs.387/- speaking.....
if u sucessfully earned these kind of 300-400 5-10 times...then u will be forced to put more money in this market..u will not stop ur jorney at loosing balance 20k only...u will definitely put 20+20+20....k or any amount of ur capacity..
however i'm sorry if my words are hurting u... this is a advice from a ex-deeplooser(me)...

Though i know u will not stop trading...bcz every middle class youth find it a very simple way to become crorepati...put 20-50k and start deaming to crorepati...every middle class man can easily manage 20-50k from his savings...and feels that i will quit on loosing this money...yes he is right he will quit but only if he face a continious loss...PAR AISA HOTA NAHI HAI...bcz he makes small profits in between...and that is the main reason for putting another 20+20+20+20...k in this market......rest is yours choice...
If you want to continue your trading please avoid intraday equity trading...find a broker of 10-20 rs. per lot for options and start trading in index options...learn some basics of options (a lot of good forum on options in TJ)....trade in OTM options of 20-50 rs. with proper hedging...say if you feel market will crack then a buy a 30-50 rs. put and hedge it with 10-15 rs. call.. and viseversa.... keep a target of 4-8 rs. per lot in start...
And last but not least ...NEVER TRY TO BECOME CROREPATI...ALWAYS TAKE IT AS A BUSINESS...WITH 20K DO NOT EXPECT A PROFIT OF 5-10K...IT SHOULD BE 100-300 RS. AND INCREASE UR CAPITAL FIRST..KEEP A TARGET OF UR CAPITAL TO INCREASE IT UPTO 1 LAKH IN 1 YR....

best wishes
abhi

 

[Deeplooser]

I am not challenging to any one, I will do intrady. Let us go further and see what is going to happen. Even novice also want to stay alive.

My advice:-
Whoever is newcomer please dont leave your hope because of discourgement advice and some ones failure. dont follow the method of anyone, Find your own methods, try .. you may failure many times, but hope for the sucess.

At any cost don't allow loose your money..... Never buy the stock when it is high. Never sell the stock when it is low.... simple method...

Regards

 

[vssoma]

I am not challenging to any one, I will do intrady. Let us go further and see what is going to happen. Even novice also want to stay alive.

My advice:-
Whoever is newcomer please dont leave your hope because of discourgement advice and some ones failure. dont follow the method of anyone, Find your own methods, try .. you may failure many times, but hope for the sucess.

At any cost don't allow loose your money..... Never buy the stock when it is high. Never sell the stock when it is low.... simple method...

Regards

dear,
how can u find that which point is high and which one is low?
i am asking your method.