Intraday Profit / Loss MGM
- Thread starter wabuf
- Start date
- Tags intraday losses money management skills profit
yea man sure .
This is my strategy -
1. Trade as small as possible until you learn . People make 2-3 consecutive winning trades and assume to be the next paul rotter . Just dont do it.
2. Accept losses and move on. Its history now .
3. Be realistic . trading 100 shares ? aim 100 only initially. Later you will know when to hold on your positon . (I learn this from traderji forum .. you have to dig it up :thumb
4. strategy [a]: Initially was trading on support and resistance only . Now that you have to find out whats support and resistance . search investopedia.
search martin pring.
5. startegy .: now using 10/20 ema & and not using for crossovers for trading. I dont trade crossovers. I just see its movement . I dont know how to explain moving averages on internet man . sorry . I Just see it happening on chart .
>> its simple , two moving average entangled = dont trade = its in whipsaw
>> moving average far apart = tradeable
6. search rayner teo on youtube . I already did some analysis on my own but watching his videos confirmed some of my points . I mean two people concluding the same outcome .
7. i am still a small trader . very small.
8. I still explore indicators though just to see what it does and how to trade it . just to get some idea which may improve my startegy .
9. I havent backtested my strategy even once .
PS : all indicators lag.... every indicator is derivative of price /// price action and support resistance is literally 0 lag indicators if you want say .
Happy trading
This is my strategy -
1. Trade as small as possible until you learn . People make 2-3 consecutive winning trades and assume to be the next paul rotter . Just dont do it.
2. Accept losses and move on. Its history now .
3. Be realistic . trading 100 shares ? aim 100 only initially. Later you will know when to hold on your positon . (I learn this from traderji forum .. you have to dig it up :thumb
4. strategy [a]: Initially was trading on support and resistance only . Now that you have to find out whats support and resistance . search investopedia.
search martin pring.
5. startegy .: now using 10/20 ema & and not using for crossovers for trading. I dont trade crossovers. I just see its movement . I dont know how to explain moving averages on internet man . sorry . I Just see it happening on chart .
>> its simple , two moving average entangled = dont trade = its in whipsaw
>> moving average far apart = tradeable
6. search rayner teo on youtube . I already did some analysis on my own but watching his videos confirmed some of my points . I mean two people concluding the same outcome .
7. i am still a small trader . very small.
8. I still explore indicators though just to see what it does and how to trade it . just to get some idea which may improve my startegy .
9. I havent backtested my strategy even once .
PS : all indicators lag.... every indicator is derivative of price /// price action and support resistance is literally 0 lag indicators if you want say .
Happy trading
Hi traderji members !!
How are you all ... hope everything is fine ..
This is a very crucial post # 1..
1. started my trading journey in 2014 .. its FEB-2017 now ..
2. So during this journey I lost around 40000.. trading very small quantities (initially 1000 then to 50 and 25 and trading thousands of times .. just to learn markets) .. and TODAY is the day i have recovered
my all losses . i made today 58 rs .. so it went from -40000 to +40058 . i.e 58 RS pure profit .
3. initially collected so many afls . after testing (and not able to trade) all these ..i moved to support resistance . Then dual moving average .. now i have just 50EMA and macd on my chart and nothing else ..
4. 1 thing I also learned that instead of having a watch list of 200 stocks i just have 2 stocks in my WL. its tatasteel and vedl only. I now trade these two stocks . Its more easy to concentrate now .
5. also moved from concentrating and getting hyper on profits to a calm sl managment only . i dont worry any more on profits .. if it has to come it will come .. just save and manage what I have .
6. i will now learn option from traderji asap.
7. this is a crucial post 2 me because from TODAY i promise my self to not make any trading mistake again or make it to the least .
8. will update next when something crucial happens again
good luck
How are you all ... hope everything is fine ..
This is a very crucial post # 1..
1. started my trading journey in 2014 .. its FEB-2017 now ..
2. So during this journey I lost around 40000.. trading very small quantities (initially 1000 then to 50 and 25 and trading thousands of times .. just to learn markets) .. and TODAY is the day i have recovered
my all losses . i made today 58 rs .. so it went from -40000 to +40058 . i.e 58 RS pure profit .
3. initially collected so many afls . after testing (and not able to trade
) all these ..i moved to support resistance . Then dual moving average .. now i have just 50EMA and macd on my chart and nothing else ..4. 1 thing I also learned that instead of having a watch list of 200 stocks i just have 2 stocks in my WL. its tatasteel and vedl only. I now trade these two stocks . Its more easy to concentrate now .
5. also moved from concentrating and getting hyper on profits to a calm sl managment only . i dont worry any more on profits .. if it has to come it will come .. just save and manage what I have .
6. i will now learn option from traderji asap.
7. this is a crucial post 2 me because from TODAY i promise my self to not make any trading mistake again or make it to the least .
8. will update next when something crucial happens again
good luck
Hi traderji members !!
How are you all ... hope everything is fine ..
This is a very crucial post # 1..
1. started my trading journey in 2014 .. its FEB-2017 now ..
2. So during this journey I lost around 40000.. trading very small quantities (initially 1000 then to 50 and 25 and trading thousands of times .. just to learn markets) .. and TODAY is the day i have recovered
my all losses . i made today 58 rs .. so it went from -40000 to +40058 . i.e 58 RS pure profit .
3. initially collected so many afls . after testing (and not able to trade) all these ..i moved to support resistance . Then dual moving average .. now i have just 50EMA and macd on my chart and nothing else ..
4. 1 thing I also learned that instead of having a watch list of 200 stocks i just have 2 stocks in my WL. its tatasteel and vedl only. I now trade these two stocks . Its more easy to concentrate now .
5. also moved from concentrating and getting hyper on profits to a calm sl managment only . i dont worry any more on profits .. if it has to come it will come .. just save and manage what I have .
6. i will now learn option from traderji asap.
7. this is a crucial post 2 me because from TODAY i promise my self to not make any trading mistake again or make it to the least .
8. will update next when something crucial happens again
good luck
How are you all ... hope everything is fine ..
This is a very crucial post # 1..
1. started my trading journey in 2014 .. its FEB-2017 now ..
2. So during this journey I lost around 40000.. trading very small quantities (initially 1000 then to 50 and 25 and trading thousands of times .. just to learn markets) .. and TODAY is the day i have recovered
my all losses . i made today 58 rs .. so it went from -40000 to +40058 . i.e 58 RS pure profit .
3. initially collected so many afls . after testing (and not able to trade
) all these ..i moved to support resistance . Then dual moving average .. now i have just 50EMA and macd on my chart and nothing else ..4. 1 thing I also learned that instead of having a watch list of 200 stocks i just have 2 stocks in my WL. its tatasteel and vedl only. I now trade these two stocks . Its more easy to concentrate now .
5. also moved from concentrating and getting hyper on profits to a calm sl managment only . i dont worry any more on profits .. if it has to come it will come .. just save and manage what I have .
6. i will now learn option from traderji asap.
7. this is a crucial post 2 me because from TODAY i promise my self to not make any trading mistake again or make it to the least .
8. will update next when something crucial happens again
good luck
You have became a mature trader now.Happy to see you have recovered your all loss and moving forward.
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