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Intraday Profit / Loss MGM

Discuss Intraday Profit / Loss MGM at the Risk & Money Management within the Traderji.com; Hi Traders .. I day trade equities and my problem is " Profit / Loss ...


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View Poll Results: My MGM Method
Run with Your Profits/Loss ASAP 8 57.14%
Lets Wait for Reversal 4 28.57%
Getting/Lossing 50% on my trading capital . I am DONE 0 0%
Overwaiting for BIG Profit/Loss 1 7.14%
No method . Upar wala karega jo karna hai 2 14.29%
Multiple Choice Poll. Voters: 14. You may not vote on this poll

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  #1  
Old 3rd May 2016, 04:31 PM
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Thumbs up Intraday Profit / Loss MGM

Hi Traders ..

I day trade equities and my problem is " Profit / Loss MGM " . usually 7 / 10 scripts my analysis is correct . I have a good entry strategy . The problem is when the stock falls or rises after my entry i exit too early (with just 1-2 pts) fearing that my profits would get eaten up anytime . The realty is it heads further 5-8 pts in my direction leaving potential profits . This is going on since 4-5 months and I dont know how I can overcome this habit . Pl Traders guide me with suggestions .Not able to grow profits . Hope this thread helps other newbie traders too .

Thanks


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Old 3rd May 2016, 07:02 PM
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Default Re: Intraday Profit / Loss MGM

Wabuf ji
I dont know about your strategy but may i suggest you to try fractle afl with parameters given by Oldtraderji? Of course its not for intraday but you can easily wait without tension till next signal for change in trade occurs.If intraday is must for you one can try for intraday profit also if there is sudden higher/lower move in scrip by keeping trailing stop as per your risk appetite
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Old 3rd May 2016, 07:22 PM
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Default Re: Intraday Profit / Loss MGM

Quote:
Originally Posted by wabuf View Post
Hi Traders ..

I day trade equities and my problem is " Profit / Loss MGM " . usually 7 / 10 scripts my analysis is correct . I have a good entry strategy . The problem is when the stock falls or rises after my entry i exit too early (with just 1-2 pts) fearing that my profits would get eaten up anytime . The realty is it heads further 5-8 pts in my direction leaving potential profits . This is going on since 4-5 months and I dont know how I can overcome this habit . Pl Traders guide me with suggestions .Not able to grow profits . Hope this thread helps other newbie traders too .

Thanks

hi,
you cannot overcome fear. understand the fear. here its fear of losing money. the day you understand your fear your will accept it and you will be at peace.

regds,s
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Old 3rd May 2016, 10:15 PM
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Unhappy Re: Intraday Profit / Loss MGM

@HMP

HI , I tried using fractal , sorry to say but i am not comfortable with that . Gives late reversals when price moves significantly . Price action is my system with help of MACD. Today shorted DHFL. pl. refer following pic

See , didnt took potential profit . this is happening since 5 months to me .
Given up so much of profit since months ..

PL. Help me out . How one decides to exit at a specific time.

Last edited by wabuf; 25th July 2016 at 02:31 PM.
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Old 3rd May 2016, 10:17 PM
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Default Re: Intraday Profit / Loss MGM

@sherbaaz

Hi , do you have any indicator that tell trend exhaustion , or reversal might occur , other than waiting for DOJIS to occur ? or Do you have any book that explains how to ride a trend ???? Any psychological material is welcomed

Last edited by wabuf; 3rd May 2016 at 10:27 PM.
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Old 3rd May 2016, 10:27 PM
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Default Re: Intraday Profit / Loss MGM

Quote:
Originally Posted by wabuf View Post
Hi Traders ..

I day trade equities and my problem is " Profit / Loss MGM " . usually 7 / 10 scripts my analysis is correct . I have a good entry strategy . The problem is when the stock falls or rises after my entry i exit too early (with just 1-2 pts) fearing that my profits would get eaten up anytime . The realty is it heads further 5-8 pts in my direction leaving potential profits . This is going on since 4-5 months and I dont know how I can overcome this habit . Pl Traders guide me with suggestions .Not able to grow profits . Hope this thread helps other newbie traders too .

Thanks
You have a Scalping Mindset.Quick-in,Quick-out Type.
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  #7  
Old 3rd May 2016, 10:33 PM
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Default Re: Intraday Profit / Loss MGM

Bro , I think You are correct . But with current high brokerages of icicidirect , i would be broke in couple of months i can only trade 2-3 scripts daily
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Old 3rd May 2016, 10:35 PM
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Default Re: Intraday Profit / Loss MGM

tried using PSAR indicator but its damn late signals . Not fan of many indicators though
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Old 3rd May 2016, 10:36 PM
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Default Re: Intraday Profit / Loss MGM

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Originally Posted by wabuf View Post
Bro , I think You are correct . But with current high brokerages of icicidirect , i would be broke in couple of months i can only trade 2-3 scripts daily
if u can pay 1lakh prepaid brokerage, it reduces to 0.012. then u wont be broke. or else dump her(icicidirect),(assuming u r male ).
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Old 3rd May 2016, 10:39 PM
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Default Re: Intraday Profit / Loss MGM

can u give a review abt icici platform. traderacer? hope u r using it.

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