Trade Diary of a Novice
- Thread starter ajeetsingh
- Start date
Hello Mr. Ajeet Singhji
Many members may be doing this kind of trading, but you sir have courage to admit to it on a public platform.
You already knowing your mistakes and solution to rectify them, so nothing to say on that front from a novice me.
Only one thing, reading your above post sincerely feel you become successful in trading.
Best Wishes
Regards
Happy
Many members may be doing this kind of trading, but you sir have courage to admit to it on a public platform.
You already knowing your mistakes and solution to rectify them, so nothing to say on that front from a novice me.
Only one thing, reading your above post sincerely feel you become successful in trading.
Best Wishes
Regards
Happy
Hi Ajeetshing,
Just sharing my views :
Following your thread, noted you had 20 days of profit. This ofcourse does not come thru luck. You may be doing something right. However, reading your post, I felt that your focus was on continuing your winning streak, and in that process let a loss of 400 get 100 times bigger....
Like a batsman at the crease who in the 90's who is focused on scoring a century and getting into record book, instead of playing each ball on merit, he gets into a stressful zone, where the chances of mistakes are much higher. (Remember Tendulkar painfully getting out many times approaching his 100th century?)
If you let ego get in the way of trading, rather than following the market and taking a loss when necessary, the market will win and you will loose everytime. And in the instance that this does not happen, you are setting yourself for disaster as you will remember the trade as a template when you won against the market - statistically the market will zap your equity over time.
I think you have a good system. Just follow it, and you will do well. While reading your thread, I wanted to tell you a few days back, Ajeetbhai, TAKE a trade with a small loss - just so that your focus is off the winning streak, and onto doing what you are good at.
I wish you well. Good luck.
Just sharing my views :
Following your thread, noted you had 20 days of profit. This ofcourse does not come thru luck. You may be doing something right. However, reading your post, I felt that your focus was on continuing your winning streak, and in that process let a loss of 400 get 100 times bigger....
Like a batsman at the crease who in the 90's who is focused on scoring a century and getting into record book, instead of playing each ball on merit, he gets into a stressful zone, where the chances of mistakes are much higher. (Remember Tendulkar painfully getting out many times approaching his 100th century?)
If you let ego get in the way of trading, rather than following the market and taking a loss when necessary, the market will win and you will loose everytime. And in the instance that this does not happen, you are setting yourself for disaster as you will remember the trade as a template when you won against the market - statistically the market will zap your equity over time.
I think you have a good system. Just follow it, and you will do well. While reading your thread, I wanted to tell you a few days back, Ajeetbhai, TAKE a trade with a small loss - just so that your focus is off the winning streak, and onto doing what you are good at.
I wish you well. Good luck.
Today was beautiful day
Just to save rs.400 I lost more than rs.40000.
I had washed out nearly all i earned in past 1 month.
Will take a week long break.
Bye traderji!
Just to save rs.400 I lost more than rs.40000.
I had washed out nearly all i earned in past 1 month.
Will take a week long break.
Bye traderji!
Today I got very marginal profit
just Rs.256 on my investment of Rs.60k
But still its 20th consecutive day of profit.
today again I squared off Indusindbk in loss although it has fallen like a stone afterwards
just Rs.256 on my investment of Rs.60k
But still its 20th consecutive day of profit.
today again I squared off Indusindbk in loss although it has fallen like a stone afterwards
Bhai
I have 200000 as funds
50000 for cash and 150000 for nifty futures
Usually in cash i take 8x exposure n trade with rs400000
But yesterday to average my shorts i piled up stocks more than worth 4000000 which is total margin available on cash + profits + some positional stocks
So when i earned then i earned on 3 or 4 lacs but wn i lost thats on 40 lacs
I always follow money management but yesterday failed
My signals reversed at loss of 900 and then gave profit of 2600 if might i have followed my system yesterday
I have 200000 as funds
50000 for cash and 150000 for nifty futures
Usually in cash i take 8x exposure n trade with rs400000
But yesterday to average my shorts i piled up stocks more than worth 4000000 which is total margin available on cash + profits + some positional stocks
So when i earned then i earned on 3 or 4 lacs but wn i lost thats on 40 lacs
I always follow money management but yesterday failed
My signals reversed at loss of 900 and then gave profit of 2600 if might i have followed my system yesterday
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