Objective : Make 4.5L (300%) profit from 1.5L trading capital by Sep 2018
My trading capital = 1.5L
Target = 6L i.e. 300% return
Start Time = 14 May 2018
End time = 30 Sep 2018
Trading Mode = Strictly Intraday
Trading Instrument = NIFTY 50 CASH
My trading capital = 1.5L
Target = 6L i.e. 300% return
Start Time = 14 May 2018
End time = 30 Sep 2018
Trading Mode = Strictly Intraday
Trading Instrument = NIFTY 50 CASH
1) Trades never make you any money.
2) A trading system or trading plan or a set of rules is what makes you money.
3) Discipline, patience and courage to stay within the confines of your trading plan will make you money.
I do not mean to step on your toes but I feel that setting monetary goals is the most harmful thing you can do to your trading account. You can have all kinds of challenging market environments, and the trading opportunities might just not pop up, as per your wish. Then, if you start falling short of your goal, you may start to place trades in a particular market environment that doesn’t favor your game plan. Keep yourself consistent and don’t make spontaneous trades outside of your rules just because you think you should be in the market. Make consistency in your decisions the goal, not money. If you do that, the money will follow. Best wishes, mate.