Some of my mistakes I was analysed is...
1. Yes I'm using fixed lots (usually trades 1 or two lots except GOLDPETAL, in GOLDPETAL i usually place 20-40 numbers)
2. In case of winning trades the fear is main factor.. about 70-80% of my trades gone against direction initially... so the fear of loosing I'm exiting too early with small profits
3. 60-70% of my profits lost because of open position for the next morning
4. regardless of the trend, im depending on the index action and scrip action of the day
5. My losing trades avg time is 3 times grater than my winning trades avg time
Hello,
here u go point wise.
1).first don't use fixed lots ...its never works.... to trade fixed lots the system needs to robust enough to take biglosses.(atleast 60 to 80 % success rate).
2).yes fear of loosing alway's there for a trader to conquer that u need to be very disciplined...just go trade after trade don't try to recall what happend to earlier trades.build courage in urself to train urself.... lets profit run rule.
3).yes ur right our markets are built such type only...if big players see we are holding trades overnight they simply take out our stops and go in our intial direction...this is the fact and u need to accept it and trade accordingly.
see our markets are not continuous like overseas markets are .....right now our markets are not suitable for Intra players.accept this fact and change ur Strategy accordingly.
4)use whatever Analysis (by using index or script)...don't loose more than ur intial risk allocated to any trade(sometimes it happen's by big spike...but on an average u need to loose only amount u risked for that trade...this is very important)
5).if u use fixed lots u will get this kind of results only...instead use % risk to ur stoploss point. u will get better results.....or ucan use % percentile volatality method for ur position sizing.
regards.