Hi
I know you all do mistakes in ur trading life
I have made around 4% last week and and made 2% of my capital this week till yday.
I ended up loosing all those 2% today
Apparently i lost it due to my own mistakes...
Mistake1-Took a short call before the the news item on IIP. Shudnt be trading at all when important news item scheduled for the day
2-I took a trade which wasnt correct as per my own strat...SL triggered
3-I took another trade, some 2 or 3 minutes before the close of the candle...slapped again with a SL hit. I shud wait till the close of the candle.
4-Took another trade on which i didnot wait till the SL hit. I closed it when price came to half of the original SL...price later on went till 4 profit targets.
These are just samples. Apparently, there are many more mistakes, flouting my own rules.
I know many of u guys wud have come across these and corrected those mistakes in ur trading career. Since these are very fundamental in nature, pls help me by sharing ur experience in trading as per rules set by self.
Desperately in need of ur help guys
I know you all do mistakes in ur trading life
I have made around 4% last week and and made 2% of my capital this week till yday.
I ended up loosing all those 2% today
Apparently i lost it due to my own mistakes...
Mistake1-Took a short call before the the news item on IIP. Shudnt be trading at all when important news item scheduled for the day
2-I took a trade which wasnt correct as per my own strat...SL triggered
3-I took another trade, some 2 or 3 minutes before the close of the candle...slapped again with a SL hit. I shud wait till the close of the candle.
4-Took another trade on which i didnot wait till the SL hit. I closed it when price came to half of the original SL...price later on went till 4 profit targets.
These are just samples. Apparently, there are many more mistakes, flouting my own rules.
I know many of u guys wud have come across these and corrected those mistakes in ur trading career. Since these are very fundamental in nature, pls help me by sharing ur experience in trading as per rules set by self.
Desperately in need of ur help guys