1L Per Month

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headstrong007

----- Full-Time ----- Day-Trader
#83
Turning 45k into 10L is possible?
Think logically. You have lost 95.5% of your capital. But now to recover it, you need to make over 2200%. It is 22 times harder now...
Better to preserve your money & time.

###########
Another way..
I saw people with the attitude of not giving up, NOTING IS IMPOSSIBLE, I AM POSSIBLE..(one crude oil trader here live example)...

they took loan from friends/relatives and lost that money too. residential mortgage.. lost house.. Now, no home, cannot face friends/relatives.. not going out for any party/functions...friend chordo, ghar chordo, phir duniya bhi chor do?.. all bcoz of nothing is impossible attitude.. untill all is finished..

Mera mano bhai..Don't get into that trap..again..
See the old threads..human histories repeat like price candles.,,
 

princy01

Well-Known Member
#84
Turning 45k into 10L is possible?
Probably not

All you can do is lay low for good amount of time not thinking about the loss and practicing the game on very low quantities and getting good at the game and slowly very slowly getting your confidence back, it may take even few years to do that, I can't time it for you, only you know your pace, but once and when you do get your edge back again in the market, then you put say another 10 lacs and start making money and trading for a living

I know it sounds ridiculous, but I have been doing that 7 years out of the 8 years total, but yes I had some funds to pull this off, I never played on borrowed funds ever, nor should you do it

Also its easier said than done

Best of luck
 

XRAY27

Well-Known Member
#86
First you have done a blunder with out proper plan,then you go for search for systems plunder,now it is surrender ...

Practically it is not possible to make 45k to 10L in quick time !!!

why ??

you need a method with accuracy at 90 % and more ,with trend catching abilities for getting fast the lost amount...which is not possible , you can see thread/s with some titles like double,triple etc ,but there are no facts in them

quantity scaling is not a cup of tea, it comes with robust plan and practical executions of that..i'm suffering with vertical scaling in quantity,so changed my tactics for that

i admire ICAI motto which is "Ya Aesh Suptaeshu Jagriti" meaning “a person who is awake in those that sleep”. It is a quotation from Kathopanishad .which perfectly applies to trading ,always awake your inner self before following any plan or any thread in the forum or open source available in Internet do backtesting, and also forward testing, before jumping into trading ,if you have that time with money to experiment then stay

Suggestion!!!

1. First build a plan thinking of your mind set,baba market proved you that if you came for quick money,i will give you a kick that effects mind and psychology

or

2. As headstrong said trading is not every person business,and you cannot learn and apply every trading system that you see ,so think of other profession before its too late
 
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Tuna

Listen and act, don't ask it, it doesn't oblige
#87
Turning 45k into 10L is possible?
No it is not - with the mindset you are in here.

The correct questions (Set of ) should be:

Is it possible to :

1. Turning 45k to 50 k
2. Turning 50k to 56k
3. Tuning 56k to 62k....

....
....
n. Turning 7 Lakhs to 10 Lakhs.

A toddler needs to learn crawling before walking, and finally running. Till date you have received enough gyan from all of us and if you are really having open mind, you should have listened. You are hearing all of us but not 'Listening'.

My last line (ever) for you on your never ending quest for recovering all your loss in lightning speed -

" Trading is a Business where no one wants to grow slowly, that is why no body grows " ~ Tom Dante.
 
#89
Tuna bhai, then according to ur calculation it will take how many months for that exponential growth?1 year ?
Profit cannot be withdrawn until 10 lakhs na.?
Minimum 3-4 years in my view....here people talk as if 10 Lakhs starting from depleted capital and confidence is a child's play.

Smart_trade
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#90
On flat 10% per month (excluding brokerage) - will take close to 34 months with compounding. Looks a long way - but the fun part is, in this journey a person evolves as a trader and understands it is a business which requires patience. And then he unlocks the gateway of consistent earning.

The issues (personal experience):

1. There will be months where it will less than 10% (do not overtrade to make up)

2. There will be months where it will be even more than 30%, taking care of any previous lags

3. As your capital grows, holding on to winner to be difficult - you need to be consistent with your entry-exit

4. Don't feel over-confident at any point - keeping small target makes it achievable - and 3-4 sequential monthly win suddenly makes a losing trader (Chundan Halwai) to believe he is James Bond. And then he will try something funny and screw it up again.

If someone can address point 4, he can do this by 3 years. But anyone can not be this "someone" - did it myself (though my starting capital was way above 45k), so know it.
 
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