Only 45k Left

Hello Again
My story of losing money in stock market is very painful.So far I have lost 7 Lacs trading F&O. :annoyed: I was left with Only 50k in hand.

I had 5k loss in mid Dec 2016. From that day I am not trading at all.
I removed my thread Only 50k Left in a depression,considering not to trade again and not to visit here again.

Now,with this 45k in hand,I want to recover all my loss.I still have some Hope left.

I am Scalper because my temperament is very impatience so I always prefer scalping.
I came up with this wild nasty idea.

Is it possible-?
I’m going to buy 1 lot of stock future whose lot size is 500-1000 or whose intraday margin is between 30k-40k.
I will be doing quick scalps of 50-60paisa.I will try to catch such 5 moves.So that my daily profit will be 3000rs.

I know its impossible and very tough,but I don’t have any other solution.So,if you could suggest something then I will be very thankful to you.

whatever suggestion anybody will give u, u are gonna do wht u want to do ie blow off yr remaining 45k. so enjoy it and have fun with it. at least try to have fun in blowing off yr 45k in trading tht way regret will be somewhat less.

For this plan to work you must also cut your losses in 30-35 paise and have over 60-65% success rate....looks difficult.

Smart_trade

Very sad to learn that. Loss of 7 lakhs is a very costly lesson.

Initially, you traded to make lot of money.
Instead you lost money.
Now you want to recover your lost money.
You need to earn 1750% on Rs.40K to recover your losses.
If you earn 30% per annum on Rs.40K, it takes more than 30 years to earn back your losses.

Now, tell us what type of guidance you want?

aaja bhai , why you remain glued to your loss of 7 lacs , 95% lose money in trading so you have good company ,
except few good traders in TJ , hamam mein sabhi nange hain , so chill yaar
bhai profit loss upar wale ke hath mein hai , so karm karo phal ki chinta mat karo , F1F2 dabate jao bas.
sabhi profitable ho jayenge to hamara sath kaun dega

aisa hai , isme winner bhi honge loser bhi honge
baat wahin aa jayege , than than gopal
consistently 50-60 har trade mein nahin milega , kabhi short kiya to upar bhagega , kabhi long liya to tapak jayega , kaliyug hai kuch bhi ho sakta hai
I think you should try EQ instead of futs.
just take 1% max loss per trade , so 45k mein Rs 450 max loss
thode din aisa karke dekho
but chota profit se aadmi manta nahi , usko bada wala profit hi chahiye , uske chakker mein jo hai wo bhi chala jata hai.
Operator bolte hain , aaja aaja ek baar aaja aaja aaja , hamari money unke pass chali jati hai , Bewafa hai
waise Timepass uncle ka signature tha " A fool and his money are soon parted " , trading mein 95% fool hai , baki 5% beautifool hain :lol:

Present taxes,duties one pays on a futures trade are heavily loaded against scalping.Many scalpers have changed their trading style to day trading or swing trading.

If you are keen on scalping,nifty options scalping could be a good idea.

Smart_trade

Bhai, its better to start with eq. Take 0.5% risk. Do this for one week. If you are profitable, for next week increase risk to 0.8%. If profitable, then increase next week's risk to 1%.

I suggested you in your previous deleted thread something similar to this. Even asked you to trade EQ, but you didn listen.
You are waiting for someone to say that your idea is good and you are ignoring all other good suggestions..

With 7 lakhs, FnO is the segment you should trade. With less than 2 lakhs EQ is the only segment which one must trade, if he wants to survive.
Trading EQ with bad method is "slow death" but with chances of learning something.

Trading Fno with such a small amount is "quick death", there wont be any chance of learning and unnecessary rise in Blood Pressure.

I agree with TraderRavi brother.

You should try with equity instead of future.

I am on my straight 19th profit streak but still i am sticking with equity with small capital.

Even simple 1:1 risk-reward can make money in the market.

You just have to analyze your trade on weekly basis instead of daily and stick with one properly back tested strategy instead of hoping from one to another.

(On the packet of cigarette it is clearly written - cigarette is injurious to health. But how many smokers use this knowledge? SIMILARLY Many people have extreme knowledge in trading but they don't use in real trading.)

Take care.