Trading diary : Trying to become crorepati.

[Dev Mookerji]

Bought copper again @ 226.70

 

[Dev Mookerji]

lONG ON CRUDE @ 2590

hITS PROFIT sTOP lOSS @ 2610

 

[Dev Mookerji]

Bought copper again @ 226.70

cOPPER NOW 227.70 PLACING STOP @ 227.10

 

[Dev Mookerji]

hITS PROFIT sTOP lOSS @ 2610

bOUGHT CRUDE AGAIN @ 2612

 

[Dev Mookerji]

cOPPER NOW 227.70 PLACING STOP @ 227.10

cOPPER nOW 227.85 .....STOPS UPGRADED TO 227.45

 

[Dev Mookerji]

copper now 227.85 .....stops upgraded to 227.45

profit stop hits @ 227.45

 

[gainlossgain]

Hey what is your net gain or loss as of date keep posting that also

 

[leo_3455]

Good going Dev :thumb:

 

[hbkhrushikesh]

Although its a bad habit but seeing the opening stoploss in renuka revised to 98.6

how can u revise the stop loss?? i am with ICICI direct and i dont see any thing of the site which allows revision of stoploss

 

[piyush08]

Hi Dave,
You are trading for last 5 years,my question to you whether you are in profit or loss.I mean net profit or loss and what %ge of profit or loss you made till now.I have lost nearly my total capital of 1 lakh invested in stock market in last 1year in trading and had started again with full caution,till searching for strategy of day trading which suits me.
Subrata

Day trading is really a loss making proposition for most traders and I have seen the same over the past 3 years. Unless you have a time tested intraday setup & strictly follow the setup its difficult to make money. That's cause money is made from trends & trending markets. Day trading is not suited for it as a large portion of the gains would come from gap ups or gap downs, leaving very little to make during the day. The other way to trade is to do range based trading, buying at some low point & selling at some high point during the day. But from my experiance, its difficult to do both, often you get both wrong, even if you get right, the risk-reward would be difficult to get more than 2:1. With that kind of ratio & day trades generally having lower win ratios, making money is difficult. And most traders lose the discipline of having stops & one such bad trade where you leave out or dont follow ur stop, leaves you losing much more than you would have made in last 10-15 trades.