Hi,
If you are reading this then would request you to please share your view on this.
"I have tried many times (during last two years) on day trading but if i calculate I am in loss of approx. 1 - 1.5 lacs. oits last couple of months I stopped trading and decided to learn.
I found many learning tools and especially the threads written by Saint. During this period I understand that I was wrong on very first belief of what share mkt is ?
Now I am ready to face the market again but few things I need to get views of others like you.
1. During last one month I have managed to get 35% of profit ( paper trading )........ is it a good start ?
2. I am mainly focused on minifty / nifty as planned to trade only one script at a time....... a right choice of script ?
3. I can start up with 50k - 1 lac but want to retest confidence with initial capital for 1 lot of nifty....... is it right capital keeping in mind mini nifty/ nifty & also considering money mgmt ?
I know in paper trading you have no fear,greed factor though I am not in hurry and understand that in real mkt they play important role.
would like your views and comment on how to smoothly switch from paper trading to live trading....
thanks in advance.
If you are reading this then would request you to please share your view on this.
"I have tried many times (during last two years) on day trading but if i calculate I am in loss of approx. 1 - 1.5 lacs. oits last couple of months I stopped trading and decided to learn.
I found many learning tools and especially the threads written by Saint. During this period I understand that I was wrong on very first belief of what share mkt is ?
Now I am ready to face the market again but few things I need to get views of others like you.
1. During last one month I have managed to get 35% of profit ( paper trading )........ is it a good start ?
2. I am mainly focused on minifty / nifty as planned to trade only one script at a time....... a right choice of script ?
3. I can start up with 50k - 1 lac but want to retest confidence with initial capital for 1 lot of nifty....... is it right capital keeping in mind mini nifty/ nifty & also considering money mgmt ?
I know in paper trading you have no fear,greed factor though I am not in hurry and understand that in real mkt they play important role.
would like your views and comment on how to smoothly switch from paper trading to live trading....
thanks in advance.