I just started intraday trading on Equity from 1 month, lost around 85K but its mainly because I am very aggressive, I made profits on some trades but keeps trading to make more profits but end up in loss.
How to avoid this? How much aggressive is good and what’s the strategy to entry & exit?
Do you stop trading after making certain amount of profit? How much is good to exit?
Never over trading, proper stop loss, never took a trade if risk is high mean big stop loss
perfect your methodology (trading strategy) always simple. believe your setup execute without error.
Never MOVE your stop loss until reach your target if target reached you can use trail stop.
cross check your one month trade why you win and why you loss.
Never move stop no tight stop always use swing high swing low as stop otherwise your stop hit
If you are in intraday then be very strict regarding number of trades a day + amount to be earned everyday . Keep this in order . Don’t increase your volume too high by trading gain and again also it can be negative trend too if shares goes down .
YEAH BIT YOU CAN TRADE MORE ONCE EVEN AFTER REACHING DAY TARGET ONLY AMD ONLY IF YOU THING SHARES ARE SURELY GOING UP .
You need to fix the strategy and you are advised to quit live trading for a while. You need to work again on the demo account with more effort and learning spirit. Try to find out the reasons behind your loss and figure out your mistakes as well.