Shall I Continue this?

#52
Today It is not good day for me. I could able to handle 350 Rs as profit. But I did more trade for that. Becuase I went with wrong trade , incur huge loss first, then to reduce the loss I forced to do more trade. But end of the day my accounts debited 610RS. So loss become 610 rs. Any way I learned some lessons,
Be patience in trade.


But as a beginners with small capital , it is very challenging task. Becuase brokerage, cutting and tax are there. You have to make sure that every day you are earning something. If you earn 4days and loose one day, You faied in the market. Because you are playing with small amount, there is no back up for you to pull that position to delivery until it become as profit
 

AW10

Well-Known Member
#53
Plz chk out this thread.. to learn from others mistake.

http://www.traderji.com/words-wisdom/26757-what-were-worst-trading-mistakes-we-commited-list.html

to me (i might be wrong) it seems, your style of trading has not changed from earlier.
If you do the same action, you will get the similar results. In order to get different results, u need to change yourself.. That is THE BIGGEST Challange for a Trader - changing himself.

Go to the market with proper game plan/ battle plan. Ofcourse, by random shooting in the dark, you might still get few hits.. but majority of the shots will miss the target and result in loss.

Over trading, lack of trading plan, lack of money mgmt and risk mgmt, trading to take revange etc are some of the top symptoms of loosing traders.
So watch out man. Don't forget that, in the market, you are playing the game against some of the best brains and smartest money managers.

All the best and happy trading.
 
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#54
I chaged my style, Main think I have done os not converting my Intraday to delivery,

I am moving towards trend, but only thing, selection of the stock, still not clear. How can we find out the trend from candle stick chart, Can you help me

Regards
 
#55
My trade summary since 16/4/2010(My start date)

Summary
Security Tr Tax 1296
RegulatoryCharges 261.6
Service Tax 624.45
Stamp Duty 170.82
Charges Total 2,352.87
Profit/Loss(+/-) -17437.99
Less Charges 2,352.87
Net Profit/Loss(+/-) -19790.86

I am about to quit , Any one help me to overcome it?

Regards
 

vinodkiyer

Well-Known Member
#56
Friend,

I wanted to help you but u didnt seem interested, again you wanted to develop your own style which is really good, only thing is that you must chalk out an amount to lose until you have developed a successful strategy which may take from a few days to a few years depending on your ability to absorb and analyse

wish you all the best in your journey.

Kind regards
vinod
 
#57
Dear Vinod,
I really want your help, I send mail to you may times, But unfourtunatly I could not get you.. due to my personal issues, i could not spend time with you.

I appriciate your open mind.

I need your help again

tommorrow I will take leave, If you dont mind Please come on chat tommorow

regards
 
#58
My todays trade, I just take the risk


-------------------------------------------------------------------------------------------------------
----------Bought For You--------- ------------Sold For You-----
Qty Rate B.Brkg Rate+Brk Security Qty Rate B.Brkg Rate-Brk
-------------------------------------------------------------------------------------------------------
136 55.6000 0.0500 55.6500 RENUKA SUG
556 55.2500 0.0500 55.3000 RENUKA SUG
50 55.6000 0.0500 55.6500 RENUKA SUG
500 55.6000 0.0500 55.6500 RENUKA SUG
50 55.6000 0.0500 55.6500 RENUKA SUG
100 55.6000 0.0500 55.6500 RENUKA SUG
25 55.6000 0.0500 55.6500 RENUKA SUG
137 55.6000 0.0500 55.6500 RENUKA SUG
2 55.6000 0.0500 55.6500 RENUKA SUG
20 55.2500 0.0500 55.3000 RENUKA SUG
100 55.2500 0.0500 55.3000 RENUKA SUG
100 55.2500 0.0500 55.3000 RENUKA SUG
224 55.2500 0.0500 55.3000 RENUKA SUG
RENUKA SUG 2000 54.8000 0.0500 54.7500
NetAmt: 1,450.0000Dr NetQty: 0(S) NetRate :-
-------------------------------------------------------------------------------------------------------
2000 50.0000 0.0500 50.0500 RNRL
RNRL 1416 51.7500 0.0500 51.7000
RNRL 1 51.7500 0.0500 51.7000
RNRL 583 51.7500 0.0500 51.7000
NetAmt: 3,300.00Cr NetQty: 0(S) NetRate :-
-------------------------------------------------------------------------------------------------------


========================================================================================================
4000 211,050.00 4000 212,900.00
1,850.00 Cr

Regu. Chrg Rs: 15.69
Security Tr. Tax Rs: 53
Service Tax on Brokerage Rs: 41.2
Stamp Duty Charges : 8.48
Net Rs: 1,731.63 Cr
 
#60
Friend,

I wanted to help you but u didnt seem interested, again you wanted to develop your own style which is really good, only thing is that you must chalk out an amount to lose until you have developed a successful strategy which may take from a few days to a few years depending on your ability to absorb and analyse

wish you all the best in your journey.

Kind regards
vinod
Dear Vinod,
I appriciate your efforts to help me, why dont you reply my email. How can connect trough teamveiwer, as you requested. How can I get indian stock on amibroker.

Regards