Hello Trading Gurus

[headstrong007]

Yes. trading is not suitable for all. Simple, just like not every one can't be a pro cricketer or footballer. U need some natural abilities.
U hv to find it... u have it or not just by trading.
Use small capital for trading as learning. refill it. Vary position according to risk and reward. When better chance use more capital. When not sure use less.

Maintain trading journal. Write down every reason behind entry and exit. Write down your thought when it is not 100% mechanical. Analyze your loosing trades. Don't make same mistake again.
Analyze ur winner. Identify ur strength & weakness. Grow as a trader...

After 1-2 yrs if u are doing same mistake again and again u r not psychologically strong enough for trading.
If u r loosing constantly and hv no clue then ur system is not good enough for trading. Just stop trading.
U hv to identify u r growing or not.. If still u r confused... u have entered in wrong field.. this is not ur world..

I m no trading guru....
IMO:
U can trade with options even with 12,000. Use 50% for buy. If capital goes below 7000 refill it with 5000 again. Use 10 refill of 5000 each. U'll get enough experience to know u have it or not if u Don't over trade. Enter with trend/breakout/breakdown only....

 

[amandeep86]

One most important thing is learn and understands concepts first and try to build a system around concept that you find to be most effective.

Dont just try to follow /copy others system blindly.Learning day trading is easy if you are on a right path.Else it can take years and years to find a method suitable to you.

Play strong defence ,lose less and save your capital for Good days..You will WIN ,it just requires Hardwork and Passion towards it.

 

[headstrong007]

Add on to above post...
Whenever profit is more than 5000 lock excess amount in bank. Don't increase trading capital more than refill. Don't use more than 60% capital in one trade.

If ur cap 12000, use 7000 in one trade. when total profit more than 5000.. increase cap by 5000. lock excess in bank. Next cap 17000. Max cap use in one trade now 10000. If lost more than 5000, refill it by 5000. Continue...

 

[prabakar.cad]

Thanks headstrong007 for your advice..Also thanks to amandeep86

But there are lot of system and techniques.. But which one to start with?