Khatarnak Trading by me...

Khatarnak Trading...

Just getting bored thesse days . Once used to come to traderji to learn from others that was years but dont need any of it more..(ego)
I will try to put up my trades in the realtime which is not necessary coz m nt working for others.

The purpose of this thread is for just healthy interaction.
Well I am from patna and living currently in delhi from last 7 years. I am in final semester of my btech computr science. I have not got any job till now but thatz ok..

Lets talk about my trading life,
I started trading in search of some part time job but later dont know how started doing intially it was equity, the money coming from my home saved few thousands and invested bought dlf , tatamotor , pantaloonr, ifci ans some wired names. Lost them as i knew nothing kept on jumping from branches to branches just like a monkey. Then some day searching something got to know there is something called commodity. Lost here too. Then came to know what is futures and slowly options as well.All of them costed like hell.

I read many books learnt trading not a professional but think myself still to be close to that but my account showed a totally different story..:annoyed:
I made a lot of money in short time but lost it too soon. Went through a furious drawdown a whole year was unnable to win a trade, the 2013 was damn bad for me. Slowly understood that everything is inside the head.

Nevertheless, was dragged so much in trading that at the end of second year i had 17 backlogs I was told to make a bond that this wont to repeated again. Some how my eyes opened i left trading for 6 months but the urge of trade kept coming for that cooling off me just bought somw 2-3 gold petals..
Till now i have 3 backlogs, dodged the year back hurdle. God saved me. Slowly came to understand that job is so necessary for a person . Trading is itself is not enough. There are many reasons for that.
Ohh Damn, I wrote so big essasy...slowly will like to share and conversate with others...

As of now i have 25000 to trade, some days back i have 29000 lost 4000 very soon due to urge to trade and emotional satisfaction.These days i am constantly analysing my mood and emotion factor to keep a check on impulsive trades...

As of now i have some open positions as :-

1) silvermic X 2 buy @ 48010-------cmp 47100
2) silvermic X1 buy @ 47060--------cmp 47100(14 march)
3) alumini X1 buy @ 105.45--------- cmp 105.10 (14 march)

Total margin using approx- 12000/-

These days i wish to go slow buy i think this holding also making me fast i have to check on myself..

Because of my account size i am not going to trade natural gas, crude and big lots.

I am confined to minis and micros, till my account not cross 1lac,I am trading the base metals mini and silvermic and gold petals/goldgunea only, but will track them which is good thing to build your analysing capacity.
As 90 out of 100 traders dont even survive for a year, the first thing
I would like myself to see me trading even after 20 years also from now with this money only . May god help me, I have gone through many ups and down and has already hit rockbottom.

Read all your post. They make interesting reading. One thing about commodities. You mentioned open positions. Have noted gap up/down and contra moves in commodities. Basically it seems the commodities tend to move one way and the next the other day. Specifically talking about crude. I trade that along with NG, Gold and Copper. Nickel seems interesting as it tends to trend. Silver tends to give good moves. So am watching that for now.

My observations : As long as commodities are within a range (I usually allow 1-2 hours period for prices to stabilize before trading) they will give sharp moves but revert back to the direction of the original impulse.... till the high/low of the day is broken. That is the best and safest time to enter.

Also found it very profitable to watch charts on investing dot com. These are live and commodity prices on MCX tends to mirror that. (Allowing for a bit of buffer on account of USD-INR pair, which may be doing its own thing) Also, I find tracking the fundamentals, and data release in the US to be very important indicator of direction for commodities.

My 2C.

I am myself in a good loss. The good part, I am not creating anymore. So here are my 2 cents.

1) Trade with the money that you are willing to loose. Do not put money that you have for some other thing. This will help you control your emotions (fear).

2) You cannot trade everything and anything. Don't regret about a trade that you could have taken. This is the place where opportunities are endless (greed).

3) Develop yourself a style. Each successful trader has a style of his own. And you'll have to find it for yourself.

4) Control your urge to trade more and more.

5) Keep your size fixed and minimum, but not less then 2 lots. This will help you take benefits of long trends and breakeven when you get stuck.

These are just basic rules of the many that I have made over time. Try to stick to them and change them as they suite you.

Interesting story.. but looks like you are still stuck in the emotional war. Trading emotional is very harmful. Not sure what are your trading based on. Do post what methods, reasons you hv behind your positions.

Hello DSm,

I have always lost in silver nomatter i have traded it on the right side sometimes it had been overleveraged by me other time slippage/fear/greed /etc. I liked your way to trade in quite time that would help slippage chances.
This time i too bought silver at high rate coz i thot silver always gives a very sppedy upmove but unfortunately i was wrong. It gave good correction Infact the real thing is , It not even out of danger till now for the buuls. It can be said its round the corner.Nevertheless I am developing some moneymngnt rules so the different stops for different lots to be on safe side.Waiting for it to come under breakeven.

I do use investing dot com.. Sometimes this site never let me sleep But those days were old days , I normally m very strict on my stops trying reducing risks.