I'm facing this issue,if you could suggest something,pls tell me-
I take a trade. It will either succeed or fail.
If it succeed-I made 300 Rs, now I have a fear that if I take another trade,I will lose this profit and I will end a day with a loss+ brokerage.
How to overcome this?
I scalp 1000 shares of VEDL for 50paisa profit to generate that 300-350rs profit.
This is happening due to 2 reasons
1)Fear of Losing
2)Your method has no edge.
1)Fear of Losing-I understand your dilemma after loosing entire capital,so no one can help you in that area.You have to come out of that fear of losing state.Pls forget your loss,be a brand new person.Then only something can be done.
2)Your method has no edge-Assuming you have a nice method.
If 1st trade is profitable then dont scalp again with 1000 shares.Break it down to 250,so if there is any loss,you will lose the partial profit only.
If you see some S&R,previous days levels breaking or reversing there,then go with 250+add 500 on next bar's high and if the trend is strong add remaining 500.
Dont go with all of 1000.This is the only way I could suggest you.