Dear Friends,
I am a newbie trader and recently started trading along with my job based on the advice of my colleague who had done trading earlier but now stopped it.
I have always read stories of how trading is like gambling and its like a tukka agar laga to diwali warna diwala hain,,,
I had my share of losses in these months but the profits are more, i have been immensly profited in FnO specifically in Futures and in Options not able to strike well, In FnO I have done 3-4 Futures intraday trades and per day earned profits like 8K, 13K, 4K totalling 34K and out of that losses are 6K and another 18K is in options the CMP of which is now around 10K so even after total loss of 8+6=14K I have profit of around 20K..
Now all my intraday futures have repeatedly repaid me benefits, so i am worried, now you will ask why i am worried when i am making profits, I am worried that I should be disciplined and keep a stop loss / limit for myself earlier I had kept that I would try to earn 10-15K in month, but today i find that target achieved in 2 days itself then on the other trading days shall i just not trade and be silent or trade???
Now looking at my intraday profits the colleague who had stopped trading years ago, is thinking of opening a trading account again and start trading. Also during muhurat trading on Sunday I earned 8K profits in intraday, within that 1hr of trading and in other days with a glance at the screen along with office work i am making money of 8K - 13K which is numerous times my daily salary for 8 hours ,,, Also my one colleague mentioned that it is so cool without doing anything you earned 8K, without doing anything without doing anything :annoyed:
I then thought that i had invested my time and efforts in selecting one stock out of the thousands and during the trading time, had kept a watch with glitch in heart that my money is at stake, even though it was upmove, i had so many queries in mind regarding the min profit, if my profit was 2 K and i came out at 2K and within the next half hour it moves further UP i could have got 10K as profits, so when exactly to come out I was not knowing and with every downmove i used to fear losses, so i had invested my money and taken risk ,,, which gave me the profits i earned.
Another thing that people in general advice and believe that such money (money earned without hardwork) will not stay for long, even though i am not a superstitious / god fearing person I am now having a wierd feeling that whether is the trading devil is luring me with profits so that i keep on doing trading and then when i have a loss i would be forced to lose my mind and trade with revenge attitude and end up worse.
I am not telling that the money which i have earned or anyone earns is not the hardwork / smartwork but tell me how to convince my mind that i am fully eligible to reap the benefits of the profits that i earned and not feel afraid or guilty that tomorrow something will happen which will take away all the profits with it..
I am a newbie trader and recently started trading along with my job based on the advice of my colleague who had done trading earlier but now stopped it.
I have always read stories of how trading is like gambling and its like a tukka agar laga to diwali warna diwala hain,,,
I had my share of losses in these months but the profits are more, i have been immensly profited in FnO specifically in Futures and in Options not able to strike well, In FnO I have done 3-4 Futures intraday trades and per day earned profits like 8K, 13K, 4K totalling 34K and out of that losses are 6K and another 18K is in options the CMP of which is now around 10K so even after total loss of 8+6=14K I have profit of around 20K..
Now all my intraday futures have repeatedly repaid me benefits, so i am worried, now you will ask why i am worried when i am making profits, I am worried that I should be disciplined and keep a stop loss / limit for myself earlier I had kept that I would try to earn 10-15K in month, but today i find that target achieved in 2 days itself then on the other trading days shall i just not trade and be silent or trade???
Now looking at my intraday profits the colleague who had stopped trading years ago, is thinking of opening a trading account again and start trading. Also during muhurat trading on Sunday I earned 8K profits in intraday, within that 1hr of trading and in other days with a glance at the screen along with office work i am making money of 8K - 13K which is numerous times my daily salary for 8 hours ,,, Also my one colleague mentioned that it is so cool without doing anything you earned 8K, without doing anything without doing anything :annoyed:
I then thought that i had invested my time and efforts in selecting one stock out of the thousands and during the trading time, had kept a watch with glitch in heart that my money is at stake, even though it was upmove, i had so many queries in mind regarding the min profit, if my profit was 2 K and i came out at 2K and within the next half hour it moves further UP i could have got 10K as profits, so when exactly to come out I was not knowing and with every downmove i used to fear losses, so i had invested my money and taken risk ,,, which gave me the profits i earned.
Another thing that people in general advice and believe that such money (money earned without hardwork) will not stay for long, even though i am not a superstitious / god fearing person I am now having a wierd feeling that whether is the trading devil is luring me with profits so that i keep on doing trading and then when i have a loss i would be forced to lose my mind and trade with revenge attitude and end up worse.
I am not telling that the money which i have earned or anyone earns is not the hardwork / smartwork but tell me how to convince my mind that i am fully eligible to reap the benefits of the profits that i earned and not feel afraid or guilty that tomorrow something will happen which will take away all the profits with it..