Hello to Everyone - Help to stop my loss

#1
Hi,

I'm Prakaash...

I have been trading for last 11 years, not continuously/full time. Whenever I get time to loss my hard earning money, will not miss those opportunities. :( But every time, I have reason to stop the trading. This is my 7th time to enter into the trading. I have done only intraday. I have not looked the chart while trading before. I am trying to learn intraday trading strategy, found this forum.

My total loss: Around 10 Lakhs. (Definitely it will not be less than this)

This time I will not leave again from market.

I hope you people will help in it. :thumb:

"Never Give it Up"

Thanks.
 
#2
I have lost more than you, in less than 5.5 years.. that means im double the best of you in terms of stupidity w.rt to trading ???
( A large chunk has not gone in losses but in brokerage and taxes )

Suppose if we have earned say 15 lakkhs from the market, are we willing to give it back to market ??

Same way market will not give it back to us.. So the reality i feel is in next few years you or i may not make money in market but you wont loose ( the reason is you will be earning money just to compensate the broker and taxes ).. once we go out of this stage then the profit comes..

My only thought to tell you is TRADE SMALL.. ( Zen in the markets book 2nd sin of trading )
 

333

Active Member
#3
Hi,

I'm Prakaash...

I have been trading for last 11 years, not continuously/full time. Whenever I get time to loss my hard earning money, will not miss those opportunities. :( But every time, I have reason to stop the trading. This is my 7th time to enter into the trading. I have done only intraday. I have not looked the chart while trading before. I am trying to learn intraday trading strategy, found this forum.

My total loss: Around 10 Lakhs. (Definitely it will not be less than this)

This time I will not leave again from market.

I hope you people will help in it. :thumb:

"Never Give it Up"

Thanks.
Thanks God finally you know about the forum after 11 yrs.:)
 
#4
If you want to avoid your losses then you need to use your stop loss trading tool according to a professional market analysis. Never set your stop loss trading tool without current market analysis. If you do so, then you may loss again.
 

ovc

New Member
#5
invest wisely

just a little advise. be well prepared before engaging in any trading which actually leads to patience and discipline to study and research. you can still apply sound money management techniques and approaching trading activity as a business. :)
 

howardroark

Well-Known Member
#6
Hi,

I'm Prakaash...

I have been trading for last 11 years, not continuously/full time. Whenever I get time to loss my hard earning money, will not miss those opportunities. :( But every time, I have reason to stop the trading. This is my 7th time to enter into the trading. I have done only intraday. I have not looked the chart while trading before. I am trying to learn intraday trading strategy, found this forum.

My total loss: Around 10 Lakhs. (Definitely it will not be less than this)

This time I will not leave again from market.

I hope you people will help in it. :thumb:

"Never Give it Up"

Thanks.
Hi.
Always have 1:2 Risk to Reward ratio and stick to the 1% stop loss
That way, if you have proper entry strategy and exit management, even if you loose 2 consecutive trades, you can break even with the third trade ... Equity preserved is money earned ...
Have a trade journal and follow it very religiously ... EOD and EOW ...
Very soon you will start realizing few chinks in your over all trading pattern ..
Start working on those weaknesses ... very soon your winning % will improve ...
My 2 cents ...
 

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