Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
Yes.
Fear.. writing in detail about it after the replies.
Better than paper trades
right.. and lack of marbles
1) Not really a gujju. Born in a Punjabi family, stayed in Maharashtra and now a khichdi .. can't converse either in Punjabi or Gujju
2) Not 3 years, almost 7 years (since Aug 2007)
No zeros, will post my surveillance report tomorrow.
But they never listen to my dreams
Righto !!
----------------------------------------------------
The thing with small capital is that the fear is very high, with larger capital the greed is high.
With 2K, even a loss of Rs. 10 hurts and I am satisfied to have come out of it with my skin intact. With 50k capital I want to earn 5k every day. Maybe if I can learn to keep the small amounts intact ... maybe higher amounts in future..
But seems like I never learn. I purchased the PE @15.40, and then SBIN futures zoomed up to 1700!! The PE went down to 13.xx and I sat frozen. Then when the futures came crashing down, I got out almost at cost. Remember that "fear and perspiration" thread?? I was like that, and afraid to take any more trades even though the opportunities were spotted.
I think I am beginning to like ADX. And also I am learning to hold back. Maybe in time I will learn to take the opportunities when they are happening (i.e. when I have more confidence in ADX etc..)
Yes.
Fear.. writing in detail about it after the replies.
Better than paper trades
right.. and lack of marbles
1) Not really a gujju. Born in a Punjabi family, stayed in Maharashtra and now a khichdi .. can't converse either in Punjabi or Gujju
2) Not 3 years, almost 7 years (since Aug 2007)
No zeros, will post my surveillance report tomorrow.
But they never listen to my dreams
Righto !!
----------------------------------------------------
The thing with small capital is that the fear is very high, with larger capital the greed is high.
With 2K, even a loss of Rs. 10 hurts and I am satisfied to have come out of it with my skin intact. With 50k capital I want to earn 5k every day. Maybe if I can learn to keep the small amounts intact ... maybe higher amounts in future..
But seems like I never learn. I purchased the PE @15.40, and then SBIN futures zoomed up to 1700!! The PE went down to 13.xx and I sat frozen. Then when the futures came crashing down, I got out almost at cost. Remember that "fear and perspiration" thread?? I was like that, and afraid to take any more trades even though the opportunities were spotted.
I think I am beginning to like ADX. And also I am learning to hold back. Maybe in time I will learn to take the opportunities when they are happening (i.e. when I have more confidence in ADX etc..)
re: Day trading Nifty & Banknifty Futures
same as yours tp bhai. trading started from 2008. blindly doing trading and loosing around 3 lakh.
after starting online trading with mt4, on learning process loosed another 1 lakh.
now some confidence came (i think) in trading how to trade then also became loose money.
how can we control our greed and fear (i could not understood now)
when paper trading my view is only on points how much earned or loosed. but in real trade i check every second my mtm position. so i realized that we cannot view hou much rupees we gain/loose. we count how many points we gain/loose. but all time fear & greed is taking position in my mind.
Not 3 years, almost 7 years (since Aug 2007)
The thing with small capital is that the fear is very high, with larger capital the greed is high.
With 2K, even a loss of Rs. 10 hurts and I am satisfied to have come out of it with my skin intact. With 50k capital I want to earn 5k every day. Maybe if I can learn to keep the small amounts intact ... maybe higher amounts in future..
But seems like I never learn. I purchased the PE @15.40, and then SBIN futures zoomed up to 1700!! The PE went down to 13.xx and I sat frozen. Then when the futures came crashing down, I got out almost at cost. Remember that "fear and perspiration" thread?? I was like that, and afraid to take any more trades even though the opportunities were spotted.
The thing with small capital is that the fear is very high, with larger capital the greed is high.
With 2K, even a loss of Rs. 10 hurts and I am satisfied to have come out of it with my skin intact. With 50k capital I want to earn 5k every day. Maybe if I can learn to keep the small amounts intact ... maybe higher amounts in future..
But seems like I never learn. I purchased the PE @15.40, and then SBIN futures zoomed up to 1700!! The PE went down to 13.xx and I sat frozen. Then when the futures came crashing down, I got out almost at cost. Remember that "fear and perspiration" thread?? I was like that, and afraid to take any more trades even though the opportunities were spotted.
after starting online trading with mt4, on learning process loosed another 1 lakh.
now some confidence came (i think) in trading how to trade then also became loose money.
how can we control our greed and fear (i could not understood now)
when paper trading my view is only on points how much earned or loosed. but in real trade i check every second my mtm position. so i realized that we cannot view hou much rupees we gain/loose. we count how many points we gain/loose. but all time fear & greed is taking position in my mind.
re: Day trading Nifty & Banknifty Futures
aug 2007 - oct 2013 , its only 6 years..........:thumb:
here to u r 2&1/2 years senior to me......
but its lesson to all newbies who are watching this , bhai take TP as role model , and start with as little as you can in learning process instead of paper trading start with lets say 5000/10000 , because no matter what, you will lose in initial years , but when you gain in confidence you must have enough capital to apply that knowledge , otherwise if you lose all in early years like me, (I lost 500000 in first 2 years), in later years u will not have good capital to trade and struggle to get back that huge lost money......
2) Not 3 years, almost 7 years (since Aug 2007)
here to u r 2&1/2 years senior to me......
but its lesson to all newbies who are watching this , bhai take TP as role model , and start with as little as you can in learning process instead of paper trading start with lets say 5000/10000 , because no matter what, you will lose in initial years , but when you gain in confidence you must have enough capital to apply that knowledge , otherwise if you lose all in early years like me, (I lost 500000 in first 2 years), in later years u will not have good capital to trade and struggle to get back that huge lost money......
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re: Day trading Nifty & Banknifty Futures
well Said TR :thumb:
aug 2007 - oct 2013 , its only 6 years..........:thumb:
here to u r 2&1/2 years senior to me......
but its lesson to all newbies who are watching this , bhai take TP as role model , and start with as little as you can in learning process instead of paper trading start with lets say 5000/10000 , because no matter what, you will lose in initial years , but when you gain in confidence you must have enough capital to apply that knowledge , otherwise if you lose all in early years like me, (I lost 500000 in first 2 years), in later years u will not have good capital to trade and struggle to get back that huge lost money......
here to u r 2&1/2 years senior to me......
but its lesson to all newbies who are watching this , bhai take TP as role model , and start with as little as you can in learning process instead of paper trading start with lets say 5000/10000 , because no matter what, you will lose in initial years , but when you gain in confidence you must have enough capital to apply that knowledge , otherwise if you lose all in early years like me, (I lost 500000 in first 2 years), in later years u will not have good capital to trade and struggle to get back that huge lost money......
re: Day trading Nifty & Banknifty Futures
started with 28k made 15 k(luck by chance as Financial Technology was falling and falling on that day) but lost all (story from july 13 to august) again started with 8 k lost almost all as left with Rs 500 (september this is the month i met traderji's wonderful members SIR TIMEPASS,SIR DAN,SIR TRADER RAVI,SIR SOFT TRADER ) and now again started with 8k and made 1.2 k till now (october:clap::clap::clap::clapping::clapping::thanx::thanx::thanx::thanx::thanx::thanx
started with 28k made 15 k(luck by chance as Financial Technology was falling and falling on that day) but lost all (story from july 13 to august) again started with 8 k lost almost all as left with Rs 500 (september this is the month i met traderji's wonderful members SIR TIMEPASS,SIR DAN,SIR TRADER RAVI,SIR SOFT TRADER ) and now again started with 8k and made 1.2 k till now (october:clap::clap::clap::clapping::clapping::thanx::thanx::thanx::thanx::thanx::thanx
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re: Day trading Nifty & Banknifty Futures
Sir Timepass and Sir Trader Ravi are legendary members of TJ
started with 28k made 15 k but lost all (story from july 13 to august) again started with 8 k lost almost all as left with Rs 500 (september this is the month i met traderji's wonderful members SIR TIMEPASS,SIR DAN,SIR TRADER RAVI,SIR SOFT TRADER ) and now again started with 8k and made 1.2 k till now (october:clap::clap::clap::clapping::clapping::thanx::thanx::thanx::thanx::thanx::thanx
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