Trading diary-sayantan

[iyerboi]

yes.i know
but i m too afraid to swing trade , coz 1 mistake will dramatically cut my capital,so sometimes i m forced to cut my positions
thus i m day trading,

but this is true what u have said
only thing which i should add here is most of trades which went wrong has been sudden spikes,which come out of no where (atleast it seemed that way to me )

thanks for the good advice though

ive realized that u shd trade oly with loss that does not hurt u. when u are not bothered abt the loss (treating it as inconsequential) judgment is much better. the best soln for this is to keep ur positions small. ofcourse profit will be less but so will be losses and slowly on achieving consistency, u can raise stakes.

btw im just a novice with a poor track record - just thought id share.

 

[sayantan2u9]

Stoploss nahi rakha kya??

Bhai, we all go through this phase. I go through it about twice every session .. Stoploss + target is the only way to trade for those of us who are not very smart, and don't want to lose money, and are satisfied with small profits.

stoploss has been the biggest problem for me
most times it hit stop losses n reverses

if i didnt apply stop loss i would have had very few loss trades