Lost 1 Lac in mcx , need startegy

Discussion in 'Commodities' started by vinayshah, Oct 13, 2016.

  1. scorpian

    scorpian Member

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    No advice.
    Just Master Yourself. U r playing with your self. U decide when to enter a trade when to book a profit/Loss. when to play/enter a trade and at your time. so if you want to play this game call trading you decide your rule and stick to it . that is all. trading is a mental game you are playing with yourself. have confidence in your self that you can win the game in long run. dont judge yourself harshly. market only give/take money which we allow.
     
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  2. mark8tune

    mark8tune Member

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    Hi,
    @Thread Starter,

    CONGRATULATIONS ...... yes You read this right, Congratulations for staying 2 years with only only 1 Lac otherwise I think there would be many traders who have lost that amount in 1 or 2 months. And about your loss there in no trader who would have never lost, yes complete ledger once or twice not uncountable times, by congratulating you i am not encouraging you to keep on loosing but I believe that you will make a better trader yourself. Now you are one step ahead of those who have not experienced this. As you have asked for suggestions I would suggest you.

    1. Just forget actual trading for some days, enjoy the life, calm yourself.

    2. Try to learn money management.

    3. Paper trade 3 months with only 10000/- virtual ledger.

    4. After 3 months if your virtual ledger is green only then start real trading with very safe money management.

    5. Do not trade for winning or loosing do what should be done and do not what should not. If you do right you will be rewarded and if you make mistake you will be punished instantly or later.

    6. Did I say forget those money You have lost. Just remember what you learnt while loosing.

    In fact I would encourage you to show your past money management plans. There are so many members who can advise you. and before starting trading discuss your future money management.

    I wish you to be a winning trader.
    (but please just forget the haste.
    :thumb::thumb::thumb::thumb::thumb::thumb:
     
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  3. mark8tune

    mark8tune Member

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    Great sir,
    man karta hai aapke charno me gir jaoon.(not joking)
    I need to learn a lot from you (TRADERJI pls add following people feature so I could be notified )
     
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  4. vijkris

    vijkris Well-Known Member

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    :lol:
    bhai, charno me girne ki zarurat nahi.
    Our life itself is a journey. We chose trading as a career to make our life's journey comfortable.
    Its better if we all walk together, spreading knowledge, lending a helping hand if needed, thus making this journey comfortable. :)

    All the Best!
     
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  5. Subhadip

    Subhadip Well-Known Member

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    :clap::thumb::clapping:
     
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  6. kcsusha

    kcsusha Active Member

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    Commodities like Gold, Crude etc move as per Global market levels. So unless we know
    the global trend, we will be in loss most of the time.
     

  7. vinayshah

    vinayshah New Member

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    HI vijkris .. for me RR is :-

    m risking 100 rs for 200 rs gain , ie. 1:2

    Plan -

    1} If 1st trade is correct .. will be doing 2nd ..

    2} If 3 Consecutive trades are wrong .. I call it a day .
     
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  8. vinayshah

    vinayshah New Member

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    HI tracer Bullet .. my trading since 2yrs ..

    1) traded only 1000 shares initially .. but having loss upto 30000. made a cutdown . so basically have been trading 100 - 200 shares since 1 year

    2)Try to practise bar by bar on old data .. mean manual backtesting right ? ..
    I have done it already ... I gained that paper trading and live is totally different .. I want clarification in strategy ... i mean if suppose 9ema crosses 21ema upward .. should i buy ? ofcourse the theory says that .. when i dont play it my analysis goes correct ... but if I play it then it moves up a little and then reverses .. Always happening to me .. SHould I add another indicator ? BTW not a great fan of any indicators other than Moving Average , SR and Simple VWAP (not its deviation ) after 3 years of market research .. Market profiles good (didnt gave a try though) but dont have ninja and MP plugins also are very costly..
     
  9. vinayshah

    vinayshah New Member

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    1) sirji is there any job better than trading ?? 2 yrs now after graduation with 70% .. If i had tried for any job right after college .. i know would have got it .. but i started trading when i was in 10th class..Yes .. not full time but here and there 10-15 trades here and there in a year or so .. this happened mainly during summer vac and monsoon (no school :clapping: )... but that was pure gambling w/o any market knowledge .. though traded only 5-10 shares which back then 10rs win was equal 10,000 win for me .. then skipped in 12th .. then again started researching and studying in final year college... HOW CAN I LEAVE TRADING SIR .. ITS DEEPLY ATTACHED TO ME ..this is the feeling i am not able to overcome with ..
     
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  10. vinayshah

    vinayshah New Member

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    U r in a pressure NOT TO Loose 10k. that feeling itself is a big issue.


    1] Absolutley correct vijkris !! .. Its big depressive point for me ..

    2] for 10k i would expect to make atleast 500 a day if leverage is considered .

    3] only nse stocks and 2-3 trading in crudemini after evening
     
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