Me too Trying to Become CrorePati

Hi Traders,
Here I will post and discuss my trades.
Please Help me when trade goes wrong.

I am doing only Intraday in stocks. No FnO.
In future I will be doing position tarding also for only intraday.
Learning Technical Analysis and trading with real money which I am willing loose for learning purpose.

If I am improved at trading, I don't need to add more capital.
If cannot improve, I should not add more capital.

Capital:Rs. 10,000
Broker : Canmoney
Software: Amibroker and chartsdata
Trade Methods: will be following various methods like crossover of SMA, BB, support and resistance etc.

I have already started trading and current capital is 8K

To Seniors, I am looking forward for help.

All of you. Please do share your trade also

My yesterday's trades

Unitech 400 SHARES: 575 Profit
Suzlon 200 SHARES: 245 profit
Dlf 100 SHARES: 359 loss ( STOP LOSS HIT )
DLF 80 SHARES : 1150 LOSS ( did two mistakes in this )

Nice thread , keep posting , would love to see your progress

dont you think you should reduce the quantity to match the capital

In intraday we can have margin upto 5 times the capital.
In my case 10k x 5= 50k

Trade1 unitech 400x90=36k
Trade2 suzlon 200x122=24.4k
trade3 dlf 100x390=39k

Today no trades due to power cut 4 time.

Wanted trade
"Trading crossovers and BB" you can search the threads
Will try tomorrow.

Seems like we can soon see you emptying the trading account. Be ready for adding funds.

Sunny,

What's your trading plan ?
What's your Money Management Method ? What % of risk you will take per trade, per day?
Did you noticed about your capital? You already lost 20%.

Save yourselves from financial ruin.

What are the 2 mistakes you did , lets know.

Agreed. Higher the leverage , higher is the risk of loosing capital.

You are using leverage to the maximum. It could also result in loosing fast and loosing big and in short time your original capital will be knocked down by comparitvely high brokerage charges.

For small accounts, leverage works only in favour of broker (In my view, leverage is one of the tool brokers use to suck the novice trader and mint their brokerage commission).

Watch out your cashflow man and focus on risk mgmt and long term survival first.

Happy trading