New Trader's Diary

[dhanya_alapatt]

Hi friends...

Back to trading aftr a long time....
trading capital:68K
short 1000 Sesa goa 295
buy at 292....
gain 3000 tax 300
net gain 2700.....

good start aftr a long....

 

[TraderRavi]

Hi friends...

Back to trading aftr a long time....
trading capital:68K
short 1000 Sesa goa 295
buy at 292....
gain 3000 tax 300
net gain 2700.....

good start aftr a long....

your trading capital was 1 lakh in march..............loss of 32K......

 

[dhanya_alapatt]

Not Exactly...i made investment of 8.8k in gold etf n then 1000 MF SIP in addition to 68k...i lost 22K
so rt nw im havin a total capital of 78K...
nw im tryin to do things systematically n hopin to recover my losses by Sept..
Im havin a time period of 1.5 month with possibly 30 trading days....
Hoping to recover 22K in 30 trading days....

 

[dhanya_alapatt]

Well things seem to be goin bad again...
i have added some more capital n nw it is 1.77....
but sadly i lost 12.5K tday......
hopin to recover it n make some gains by te end of te week.............

Happy trading friends..........

 

[TraderRavi]

same story here......

 

[dhanya_alapatt]

Shorted 5500 PFC at 187
Bought at 185
Gain 10,000 aftr tax.....
Hopin to make some good gains next month.........

 

[Niranjanam]

Well things seem to be goin bad again...
i have added some more capital n nw it is 1.77....
but sadly i lost 12.5K tday......

Learn to exit every trade that doesnt go your way immediately.


"Here is Rule Number one:

In a losing game such as trading, we shall start against the majority and assume we are wrong until proven correct! Positions established must be reduced and removed until or unless the market proves the position correct!

There is a big difference here as to how we treat all positions from what most traders use. If the market does not prove the position correct, it is still possible the market has not proven the position wrong. If you wait until the market proves the position wrong, you are wasting time, money and effort in continuing to hope it is correct when it isn't."

Phantom of the Pits

 

[dhanya_alapatt]

Learn to exit every trade that doesnt go your way immediately.

There is a big difference here as to how we treat all positions from what most traders use. If the market does not prove the position correct, it is still possible the market has not proven the position wrong. If you wait until the market proves the position wrong, you are wasting time, money and effort in continuing to hope it is correct when it isn't."

Thanx...I shall remember this............

 

[smail]

Great forum post. Its useful information.
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