Here’s a good plan of action you can follow:
- Reduce your quantity to 1. Trade with a single lot for a long time.
- When you are able to make that small capital 10X [say, convert 1 thousand rupees into 10 thousand], increase quantity to 10 lots.
- Now once you are able to convert 10 thousand into 1 lakh, increase quantity again. Rinse and repeat. A long way but a definite way.
- Step up your trading timeframe. If you traded in 5 min, trade on 15 min. If you did in 15 min, now trade on 75 min.
- Assume that you are definitely going to recover all the money and make 10x more in the next 10 years. Like money is lying in front of you to be accessible only after 10 years - given that you follow the process.
- Know that you won’t be making sizeable profits for a decent time in future. Make peace with this.
- So you have to pay your EMI from your salary. Switch jobs / develop a side gig, get a higher salary and lower your expectations w.r.t. making large purchases. Now different other ways to make money from market itself are also side gigs - swing trading, option selling etc. - you know what I mean.
- Start disclosing things to your family so that burden of expectations can be lowered. Many a times a check from social circle might work to stop an addiction. This has become a drug for you and you have to stop taking it anyhow.