Hi Frns...
Today I really felt that I am a failed trader:annoyed:. One of my frn told me about traderji…so joined today. I am successful in my career and studies ( I am not extraordinary).
About myself
--working in a software company as project manager
-- having 5years of experience in trading
-- Lost around 7-8Lks. Around 4Lks in stock and nifty options only that to through tips.
--started my career in equity segment, slowly moved to options to get fast money, then to futures (right now not in cash or options)
-- Day trade (no positional) as I feel Mkt is so volatile anything can happen in Indian Mkt
-- read some books on technical charts but have never implemented in paper trading or actual trading
-- Currently trading based on screen reading. I have a selected list of 10stocks and looking at their opening and their movment, yesterday close, low,high. Based on that I used to guess and trade. My guess works well. My success ration is more than 70%. But the prob is in these successful trade, I used to earn small, but the 30% failed trade used to kill all my profit and takes away some from my capital.
-- I can’t quit trading as it gives me a unknown pleasure(don’t know why and what).. Purchased 2books and reading through them daily (avg 2hrs)
-- I can take risk
-- I am not very systematic
Now Frns…
Please please tell me what I should do to become very successful (for which I can sacrifice anything) as I am planning to make this my career after 3years(will quit my job and make this my career).
I will try to go through as may threads as possible. But any similar thread or techniques or stratergy
Experts, I really need your help and guidance
Today I really felt that I am a failed trader:annoyed:. One of my frn told me about traderji…so joined today. I am successful in my career and studies ( I am not extraordinary).
About myself
--working in a software company as project manager
-- having 5years of experience in trading
-- Lost around 7-8Lks. Around 4Lks in stock and nifty options only that to through tips.
--started my career in equity segment, slowly moved to options to get fast money, then to futures (right now not in cash or options)
-- Day trade (no positional) as I feel Mkt is so volatile anything can happen in Indian Mkt
-- read some books on technical charts but have never implemented in paper trading or actual trading
-- Currently trading based on screen reading. I have a selected list of 10stocks and looking at their opening and their movment, yesterday close, low,high. Based on that I used to guess and trade. My guess works well. My success ration is more than 70%. But the prob is in these successful trade, I used to earn small, but the 30% failed trade used to kill all my profit and takes away some from my capital.
-- I can’t quit trading as it gives me a unknown pleasure(don’t know why and what).. Purchased 2books and reading through them daily (avg 2hrs)
-- I can take risk
-- I am not very systematic
Now Frns…
Please please tell me what I should do to become very successful (for which I can sacrifice anything) as I am planning to make this my career after 3years(will quit my job and make this my career).
I will try to go through as may threads as possible. But any similar thread or techniques or stratergy
Experts, I really need your help and guidance
Last edited: