Every one learns by mistakes,there are certain gems which you should try buyng like Asahi,Saint gobain, IOB,OPto circuits,Prathibha engineering industries,Manjushree extrusions,Purvankara,this will offset your loss to certain extent. Always do not go by what the analysts say, the figures are there for you decide the direction a company is heading to. Analyse and decide.
one bigger mistake I was doing, is that while doing regular job elsewhere, day trading is not possible. instead swing trading or long position can be patiently followed. I am now getting little profit but i am happy.
When I am doing a intra-day trade, I find that I am glued to the screen a bit too much. A increase and decrease of even 50 paise or 1 rupee increases my adrenaline level. This throws "wisdom" out of the window and then I start making more mistakes like closing the position before it is feasible, etc.
I thing I learnt that you should not attach emotions with trade. A losing position must be just a losing position(with some lesson learnt in retrospect analysis) - but it should not spoil your mood or day.
Also, i forget to mention that I always put market orders instead of limit orders. Sometimes, it so happened that the by the time I see the ticker and place my order, the price is already down to 2 or even 5 rupees. Thus, I used to loose some profit.
Also, sometimes I feel that it would be better to use weekly charts instead of daily charts. It helps to cut the "noise" and thus reduce the no of trades.
don't mind if i am being too personal but do meditate 10 min. before u trade
being a day trader is what expert does u can try to be trader who profits by week(i think mostly called swing trader) and trades for a 50 Rs. than simple rupee or two