First I thought of posting in Psychology section but it also relevant to general trading chat so here it is,
I have turned full time trader.It was not really calculated move but somehow I ended up without work and As I was trading part time for last two years ,I felt I do have a future in this and here I am.I was trying my luck,you can say.
But after turning full time there appeared some unanticipated problems.
1.I have started trading late 2012/early 2013 with SBICAPSEC.It felt interesting.It felt amazing.I invested in a dead cat bounce and promptly lost few money.And then I continued loosing.One day I lost my Biggest - Rs.12000 in one trading session but amazingly my total loss till 2015 didn't cross Rs.25000(including that Sucker punch).So thats an acceptable loss for me(considering close to three year time frame).
Losses came in regular interval.A stream of continued losses.I was not badly hurt as i had a suspicion that I will loss in the initial days and kept my size extremely small.,with a very tight stop loss.
From last year I started to bet more but though my losses continued but intermittent gains offset the losses.Almost no profit no loss scenario.Even I am with Zerodha I am seeing that all my losses are actually donation to Zerodha.
Now for last one two months I am actually gaining,in the sense that there is a regular winning streak.Yes there are one or two intermittent loss but over all I am not loosing.Problem is my since I kept my losses small initial days my gains are also small nowadays.
What happens is after few points i am out of market taking small profit and within 5 minutes markets are proving that there was buttload of money to be made.In other words I can pick out opportunity but leaving the table without taking my earning.Its a mind problem I think.The stream of losses in my earlier days has made me extremely wary of making losses and I am getting out early taking small profits.How do you convince your mind to stay on track?
I am really fed up.....Even if I think I will not get out but still I am pressing the button and getting out early.
Any suggestions...??
2.Secondly,70-80 percent of time market sleeps and then it suddenly starts to move.How do you kill that time.I can configure an alert but its right now bit complicated and Since I use head phone unless I am sitting in my table I will not hear the alert.
As long I sit in front of monitor it doesn't move,and the moment I go out to stretch my legs,it starts to move.Even when I am sitting in front of laptop,the slow action 70 percent of time( two point up and two point down for etenity) can drive anybody crazy.If I open youtube ,Market takes the que and starts to move.
How do you keep your concentration and stay in one place.Do you move/go out/watch t.V ...what do you do?If you are not in front of PC and market moves what do you do?
3.Trading is a business.So you need things.What do you think are essential items.For example for last few months,bending my spine in a weird position due to my chair is giving me problems.So do you invest in good chairs and staff like that?What do you think good investments which are needed?
I have turned full time trader.It was not really calculated move but somehow I ended up without work and As I was trading part time for last two years ,I felt I do have a future in this and here I am.I was trying my luck,you can say.
But after turning full time there appeared some unanticipated problems.
1.I have started trading late 2012/early 2013 with SBICAPSEC.It felt interesting.It felt amazing.I invested in a dead cat bounce and promptly lost few money.And then I continued loosing.One day I lost my Biggest - Rs.12000 in one trading session but amazingly my total loss till 2015 didn't cross Rs.25000(including that Sucker punch).So thats an acceptable loss for me(considering close to three year time frame).
Losses came in regular interval.A stream of continued losses.I was not badly hurt as i had a suspicion that I will loss in the initial days and kept my size extremely small.,with a very tight stop loss.
From last year I started to bet more but though my losses continued but intermittent gains offset the losses.Almost no profit no loss scenario.Even I am with Zerodha I am seeing that all my losses are actually donation to Zerodha.
Now for last one two months I am actually gaining,in the sense that there is a regular winning streak.Yes there are one or two intermittent loss but over all I am not loosing.Problem is my since I kept my losses small initial days my gains are also small nowadays.
What happens is after few points i am out of market taking small profit and within 5 minutes markets are proving that there was buttload of money to be made.In other words I can pick out opportunity but leaving the table without taking my earning.Its a mind problem I think.The stream of losses in my earlier days has made me extremely wary of making losses and I am getting out early taking small profits.How do you convince your mind to stay on track?
I am really fed up.....Even if I think I will not get out but still I am pressing the button and getting out early.
Any suggestions...??
2.Secondly,70-80 percent of time market sleeps and then it suddenly starts to move.How do you kill that time.I can configure an alert but its right now bit complicated and Since I use head phone unless I am sitting in my table I will not hear the alert.
As long I sit in front of monitor it doesn't move,and the moment I go out to stretch my legs,it starts to move.Even when I am sitting in front of laptop,the slow action 70 percent of time( two point up and two point down for etenity) can drive anybody crazy.If I open youtube ,Market takes the que and starts to move.
How do you keep your concentration and stay in one place.Do you move/go out/watch t.V ...what do you do?If you are not in front of PC and market moves what do you do?
3.Trading is a business.So you need things.What do you think are essential items.For example for last few months,bending my spine in a weird position due to my chair is giving me problems.So do you invest in good chairs and staff like that?What do you think good investments which are needed?
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