hi brainy people

Hi, I have started trading this month, lost 56k and hope to fight it back. playing in nifty options, learning by loosing , hard way. I have reliance money unlimited 3months plan and am not satisfied with the supertrade soft they provide , if you watch some charts say 2 , your blue and red blinking lights go damn jammed. I have bsnl broad band unlimited @256kbps but still.
Options have been lucrative , but am still trying to find out the way to get to know the promising stocks for the intraday swing. are there better softwares for the above ? , also this site has proved very informative about most of my doubts and queries for the last onemonth. :thumb:

Have u ever taken karate?The FIRST thing you learn is how to take a FALL and not get hurt .Something in day trading .B4 u get 2 b a black belt in the offensive ,u must first learn to be defensive.


The first goal u need to have in intraday trading ,is how 2 play without losing money.

The second goal is ,how to make profitable trade.


The 3rd goal is ,how to make consistent profit.



Hence take trading as 3 years degree course.



My best advise ,u can genuinely achieve success at the price of honest hard work ,study discipline and knowledge. Nothing else can help you
:thumb:

^ Your words sounds like you are new to trading. You started trading this month, its less than 20 trading days and you have lost 56k. Its too much.......
If you are new, better stay away from options for a while. And do trade in cash market.
Better listen GREENCANDLE here, If you wanna make fortune by trading.

Great advise Green!! Keep it up. :clapping:

thanks, greencandle but some how today too I lost some amount I am fairly hurt. and shall stop option trading for some days, could you guide me as to how good stocks are picked for cash. And are those options stay alive whose expiry dates are ahead the one you see imediately