Fastest way to become profitable in trading is by not taking the shortcut way.
Trust me, you're going to save hell lot of time by simply being patient and following a step by step method.
Jumbling up simply won't work and would only take longer to unwind them.
When your view doesn't seem to work and negated by some price actions, simply cut it and take the opposite. Stop clinging onto losing trades. Being flexible will save you from deep drawdowns.
Once we get use to multiple monitors, it's really hard to trade with a reduced screen. So, if it's not required for you to extend your monitor, please don't. It's always better to be flexible than locking up to a desk setup. Just ignore those fancy desk setups.
Finally covered up a worse drawdown. +1L and I'm done for the day. Will never commit that stupid mistake again. Lessons learned through mistakes are worth far more than just mugging things up. Have a great day folks!
@hvgoenka Here in my village, I see river, well, tap and the bottle too 😊. Btw to be very optimistic, with all the progressive policies and actions taking up all over the world our grandchildren may see a better future.
There's always a need for adaptation and restructuring of our system according to the market conditions to stay ahead in this finworld. If you're sticking to one strategy for all market conditions, you're missing a lot.
Here comes my turn, just got a big slap from the market.
1:05 candle cost me almost 1L and ended up with -1.5L trying to make up the loss.
Today will be a scar in my PNL.
There are 2 kind people in trading, one who keep on depositing and the other who keep on withdrawing. We all came through 'the depositing phase'. If you are depositing, keep it small, so you can stick around long enough to reach that withdrawing phase.
So far this year, foreign portfolio investors (FPIs) have pulled Rs 1.22 trillion ($16.58 billion) from the Indian stock market, the highest outflow in a calendar year.
Feeling sick with fever 😪 and still I can trade & make a decent profit from the comfort of my bed. That's the beauty of trading.
Done for the day with +50K. Sometimes I feel like this market is telling me - "you've made enough, go take a break" 😊
From 4.5L opening balance on 18th of May 2022, by now I've withdrawn a total of 7.5L and the account still have 6.4L. Now I'm trading using only 'parts' of my profits, risking ZERO. 😎
My twitter is glutted with verified MTM. Let me do a lil bit of show off😊
Don't want to verify daily MTM, this makes no sense to me. Verification should be done in weekly, monthly & yearly PNL.
My Zerodha account since it's inception😎
Opening balance: 4.5L
Duration: 7 month
What past tells us is that, when there's a significant fall or upmove at the last 1 hour of a session, on the next day prices TEND to follow it. Prices may open opposite to the trend also but MOST of the time prices took a turn and followed the previous day move.