$$my success story and my live tread[nifty&option]$$
- Thread starter sumitdasjoshi
- Start date
- Tags daily income live trade niftyoption profit loss system
Hello freinds todays loss was around 1700 rs just madea sily mistek intsed of buying i wrongly sell
so it just a sily mistek i have made 3 times today.and left whith 2 lot short in nifty 5258 let see will market punish me or it will reword me it just a mater of time, this 2 lot also a mistek because i got frustedted and shut down my termianl.all over today is not a good day for me .
so it just a sily mistek i have made 3 times today.and left whith 2 lot short in nifty 5258 let see will market punish me or it will reword me it just a mater of time, this 2 lot also a mistek because i got frustedted and shut down my termianl.all over today is not a good day for me .
be picky
In the market, there are times to trade but there are more times to not trade.
In order to achieve success as a trader, you must be alert, selective, and not chase every single movment.
Don't chase price. Be patient.
When you go to the grocery store, you usually don't buy the first apple you pick up. Instead you look at several apples, comparing their shape, color, smell, etc. In other words, you're picky.
You should apply the same approach to trading. Be picky with your trades. Take only the ones with high probability setups.
Only trade when there is a good setup which means it meets all the rules in your trading system.
Stay out of the market when if it doesn't.
You do have a system right?
If you don't see any good trade setups or the current market conditions don't fit with your trading system, stay out!
Trade only when you see something. Don't trade when you don't see anything.
Simple.
Never trade just to be in the market.:thumb:
In order to achieve success as a trader, you must be alert, selective, and not chase every single movment.
Don't chase price. Be patient.
When you go to the grocery store, you usually don't buy the first apple you pick up. Instead you look at several apples, comparing their shape, color, smell, etc. In other words, you're picky.
You should apply the same approach to trading. Be picky with your trades. Take only the ones with high probability setups.
Only trade when there is a good setup which means it meets all the rules in your trading system.
Stay out of the market when if it doesn't.
You do have a system right?
If you don't see any good trade setups or the current market conditions don't fit with your trading system, stay out!
Trade only when you see something. Don't trade when you don't see anything.
Simple.
Never trade just to be in the market.:thumb:
why you do what you do
:thumb:I know how you feel, believe me. You're more than likely still working the "real" job to pay the bills and put treats in your and your family's mouths. Trading is an after work (or maybe during work) hobby, and happens if and when you have enough strength to keep your eyes open. You haven't gained the trading experience to take it full time, but that's the dream. And a great dream it is.
But it seems like the days are getting shorter, and there's never enough time in the day to get everything, or even a good portion of the things, done. The day starts and then runs into night even before you realize it.
Your 9-5 has turned into an 8-6, and your second job, whether that's another job, your family, or continued education, is taking precedence over you fulfilling your dreams.
You wake up. Back to work.
At work you sit in your uncomfortable chair gazing at a faded monitor, realizing you're actually working to fulfill someone else's dream.
This sucks. Sip of tasteless coffee. Stretch the back. Surf the web. Check the bank account for [lack of] funds. Only another 8-9 hours and I'm out of here!
Being a full-time trader can be so much different. You're not at the mercy of your boss or company policy or departmental staff. No office to commute to, no traffic to survive. You are your own boss, your own manager, your own decision maker. You have the freedom to do what you want when you want; you are at the controls.
Trading has the power to be so motivating in the freedom it offers. Yes, you make and break your hours of operation, but it's more than that. Traders are responsible for all of their actions, and are always in complete control of what happens next. Sure the market drives us in certain directions, but we ultimately pull the trigger. When we make money, it's because of our direct action and decision making. And when we lose money, we know why, and there's no need to place blame on anybody but us. It's on always on us. That's comforting.
Trading requires that we bring something to the table. We bring together our own experiences, learned techniques, tweaked strategies, and personal trading styles in hopes of building this THING that will bring us success, bring us profits. We know it's not an instantaneous process, but that was obvious after the very first trade. But trade after trade, win or lose, we build our skills, developing our strengths and learning from our weaknesses. And at all times, it's just us, it's me, it's you, doing it all, turning that wheel, making things happen. With hard work, deep passion and the gained experience, the plan at hand starts working, and profit performance becomes consistently positive. That's what it's about.
When you work or trade for yourself, and actually enjoy doing it, it's the best feeling in the world. Sure, you have the some luxuries not present with the "real" job, but there are obstacles along the way as well. They'll always there. To preserve your lifestyle, you'll always find a way around, through or over them. But the feeling of doing it on your own can't be beat. So fight the urges to sleep, fight the urge to push it off until tomorrow. Push just that extra bit each night and work that plan until your dream is realized. This is why you're doing it. The payoff will be bigger than you can imagine.:clap:
:thumb:I know how you feel, believe me. You're more than likely still working the "real" job to pay the bills and put treats in your and your family's mouths. Trading is an after work (or maybe during work) hobby, and happens if and when you have enough strength to keep your eyes open. You haven't gained the trading experience to take it full time, but that's the dream. And a great dream it is.
But it seems like the days are getting shorter, and there's never enough time in the day to get everything, or even a good portion of the things, done. The day starts and then runs into night even before you realize it.
Your 9-5 has turned into an 8-6, and your second job, whether that's another job, your family, or continued education, is taking precedence over you fulfilling your dreams.
You wake up. Back to work.
At work you sit in your uncomfortable chair gazing at a faded monitor, realizing you're actually working to fulfill someone else's dream.
This sucks. Sip of tasteless coffee. Stretch the back. Surf the web. Check the bank account for [lack of] funds. Only another 8-9 hours and I'm out of here!
Being a full-time trader can be so much different. You're not at the mercy of your boss or company policy or departmental staff. No office to commute to, no traffic to survive. You are your own boss, your own manager, your own decision maker. You have the freedom to do what you want when you want; you are at the controls.
Trading has the power to be so motivating in the freedom it offers. Yes, you make and break your hours of operation, but it's more than that. Traders are responsible for all of their actions, and are always in complete control of what happens next. Sure the market drives us in certain directions, but we ultimately pull the trigger. When we make money, it's because of our direct action and decision making. And when we lose money, we know why, and there's no need to place blame on anybody but us. It's on always on us. That's comforting.
Trading requires that we bring something to the table. We bring together our own experiences, learned techniques, tweaked strategies, and personal trading styles in hopes of building this THING that will bring us success, bring us profits. We know it's not an instantaneous process, but that was obvious after the very first trade. But trade after trade, win or lose, we build our skills, developing our strengths and learning from our weaknesses. And at all times, it's just us, it's me, it's you, doing it all, turning that wheel, making things happen. With hard work, deep passion and the gained experience, the plan at hand starts working, and profit performance becomes consistently positive. That's what it's about.
When you work or trade for yourself, and actually enjoy doing it, it's the best feeling in the world. Sure, you have the some luxuries not present with the "real" job, but there are obstacles along the way as well. They'll always there. To preserve your lifestyle, you'll always find a way around, through or over them. But the feeling of doing it on your own can't be beat. So fight the urges to sleep, fight the urge to push it off until tomorrow. Push just that extra bit each night and work that plan until your dream is realized. This is why you're doing it. The payoff will be bigger than you can imagine.:clap:
4 reasion why trader loose.
Why do certain traders win consistently lose? Here are four reasons:
1. Not having a proven trading methodology
Those who consistently lose don’t know key numbers. They have no understanding of support and resistance. Chart patterns are foreign to them. Their definition of risk management is getting margin called. With no proven trading method or strategy, you are doomed to fail. You will end up quitting the game after a string of losses. But there is hope. With the right education, a workable method, psychological balance and persistence, it can be done.
2. Not understanding how the market works, key indicators, key numbers, and ideal times to trade.
When you place a trade, you literally go toe-to-toe against some of the biggest nerds in the world. Many professional traders are not only super smart and Ivy League educated, they’re also rich. That doesn’t mean that you, the small guy or gal, can’t win.
It just means that you simply must educate yourself and be prepared to do battle. David can beat Goliath, but only if he’s prepared. Some people might think the cost of a trading education is too high. But the cost of ignorance is way more expensive.
3. Risking too much per trade.
The wannabe trader risks 10% or more of her trading account on a single trade. Real deal traders understand risk and manage it FIRST before thinking about profit. They don’t take trades if it forces them to risk too much. Pros keep their risk below 2% of their account balance. This gives them the staying power to survive multiple losing trades in a row without turning into a worry wart.
4. Not being mentally prepared.
Psychology is a huge part of trading and most people are not mentally prepared. When money is on the line, fear, greed, and other emotions make trading very hard. Make sure you understand the emotional aspects of trading and be prepared to deal with them before you put your money on the line.
Why do certain traders win consistently lose? Here are four reasons:
1. Not having a proven trading methodology
Those who consistently lose don’t know key numbers. They have no understanding of support and resistance. Chart patterns are foreign to them. Their definition of risk management is getting margin called. With no proven trading method or strategy, you are doomed to fail. You will end up quitting the game after a string of losses. But there is hope. With the right education, a workable method, psychological balance and persistence, it can be done.
2. Not understanding how the market works, key indicators, key numbers, and ideal times to trade.
When you place a trade, you literally go toe-to-toe against some of the biggest nerds in the world. Many professional traders are not only super smart and Ivy League educated, they’re also rich. That doesn’t mean that you, the small guy or gal, can’t win.
It just means that you simply must educate yourself and be prepared to do battle. David can beat Goliath, but only if he’s prepared. Some people might think the cost of a trading education is too high. But the cost of ignorance is way more expensive.
3. Risking too much per trade.
The wannabe trader risks 10% or more of her trading account on a single trade. Real deal traders understand risk and manage it FIRST before thinking about profit. They don’t take trades if it forces them to risk too much. Pros keep their risk below 2% of their account balance. This gives them the staying power to survive multiple losing trades in a row without turning into a worry wart.
4. Not being mentally prepared.
Psychology is a huge part of trading and most people are not mentally prepared. When money is on the line, fear, greed, and other emotions make trading very hard. Make sure you understand the emotional aspects of trading and be prepared to deal with them before you put your money on the line.
today the rbi news has come that s why i did not want to take a risk so i only short one lot of nifty at 5248 and cover it at 5225, i would have waited more but there was a problem in my system it was geting stuked every time so i would call it for a day. because i dont want to be greedy. bea casino not a gambler.
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