Hello
I am trying to understand the journey and lesson of a retail trader who is into day trading… - and someone who has been at it for more than 3 years . Sharing some of my lessons…and facts learnt over a period of 3 years…
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Am I in profit - hell NO - after 3 years that is
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Got rid of most indicators after 2 years of trading… just keep 2 moving averages now.
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Still impulsive on many trades
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Still hope for miracles when the trade is going against me…
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Mostly catch a very small part of a very huge market move !!! and that stings
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Enjoy and have a laugh at the videos of trading gurus and those posting live profits on youtube and on all the calls received on telegram channels - sometimes makes me feel light
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Tried multiple trading and charting platform,… and understood that it is my trades which are failing and not the platforms
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Developed a huge load of patience waiting for the trades to come to my decision levels
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Attended a couple of webinars & seminars on day trading and understood the bullshit being sold
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Tried to turn my strategy into an algo and learnt i dont know shit about coding
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Again having a laugh at youtube videos of trade gurus…
12 ) Tried out derivatives, got some initial profit and then got screwed
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Learnt not to predict and select stocks for next day - trading now with only a set number of stocks with an eye on nifty
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Still making a loss - but the way i trade has improved since when i started out this journey
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Do i intend to continue - oh yes…
Do share your thoughts and lessons so that retail traders may benefit