For intraday specific and also if you are banknifty option trader, what’s your favourite risk:reward ratio? Do you risk more than 50 points? Or you follow other strategy and avoid fixing risk:reward ratio?
How to find good risk:reward ratio while trading?
Do you hold your positions for few seconds, or few minutes, or few hours?
How to put stoploss so that it not got hit multiple times?
Thanks 
I tend to keep a fix RR. Some will tend to disagree, saying , you can’t fix your R on the market.
Well, the thing about market is you do what works with you. Some can decipher the 1 min pretty well, others see it as plain noise and headache.
If you think you can hit well, those 2R or even 4R. It’s better to book high R. That way you make sure you survive even if you make losses.
But i ll be talking only from my experience. You can’t force big R, if what you do doesn’t even yield 1R movement.
The thumb rule is big R is good, but do you see big R pretty much in your trades. If yes, make sense book big. If no, well, you book less but you need higher accuracy.
And as humans, you ll make human errors in trading. Those big R will make sure your errors are forgiven.
Stop losses are not meant to be hit multiple times, as per what I trade.
If a single stop loss is hit, then i am being told the trade didn’t work. I ll work on the next trade if the opportunity presents. I got 3 strikes for a day.
Where to place stops: imo, people who tend to put wide stops, will never end with a bigger R. Even if the stop losses never hit.
But everything depends on what kind of day trader you are. My stops can feel so tight for you and non logical. But what if it works and give 4R in the next 4-20 minutes.
Nothing is logical in day trading. It’s a bunch of pushes up or down. The better way is to go along with that pushes. But if you are waiting for lines to get respected or your waiting for your wide stops to get hit, then that’s the slow side of day trading .
And don’t expect much R on that kind.
Not dissing anyone’s style. Others can chime in as they wish
Well said, with bigger risk, how can we expect a bigger R.
So ultemately, what i understand from u is place a tight stoploss and here the way to grab Multiple R. Even if stoploss hits more times, they will be forgiven by multiple R. Thanks for insight
Here, it leads me to think the right time to enter the trade, when trade will not fluctuate in same place but go into trend. I don’t want to work on accuracy, i want to work on bigger R. If i lose 7 trades out of 10, its fine but i want to grab atleast 2-3R.
I would like to place stoploss on neerest effective support, and enter on trade if there are opportunity of 2-3R without much lose stoploss, what you think about it, will gonna work? Is it hard to grab 2-3 R?
Do you have any experience in day trading?
Nope, im just trying to learning and methametically understanding things. But i think it is more about strategy… However, I’m constantly viewing banknify for more than 1 month, and did some paper trading too…
Then my suggestion is the same which I have given to some other member here. Trade with a very small capital, long or short, and experience it first. Mathematics, strategies, these are secondary. Just experience it first and see how it makes you feel.
You don’t even need a chart to observe the volatility, you can simply look at bids and offers, and experience the constant change that happens in less than a second of time. So experience all of this first. Then you can devise strategies with indicators, think of risk and return. The more experience you have, the better results you will get.
Paper trading is paper, it is not real, no emotions involved. To take quick decisions involving both mind and heart in real time does not happen with paper trading.
oh boy! you need to hit the water first. Then only your enthusiasm, eagerness will be tested.
Day trading is not as rosy as it seems. You will be caught in a loop.
But that will be your story. Easy saying, day trading is finding what works for you.
And that’s a real shitstorm. But you got to love it. There is no other way, if you want to come out with something worth.
it will take time. Skill takes time.
But you have to do to see it by yourself.
A lonely shitstorm. Yeah, got to love this shit. Maybe years later, if you are still trading, you ll chuckle as to what I am saying.
It looks me very simple to earn profit in day trading especially in banknifty, and paper trading has more especially assured me, even at times, i wonder how people book lacs of losses, cause it seems so easy to me, BUT NOW, by your suggestion, my belief is shaking and I’m thinking that what will happen when i trade 
, i hope the condition not become just opposite of it.
Whatever the thing, i have to enter in water first 
Will Do follow 
One more thing to watch, but interesting…
At times, i have earned more than a billion dollers in paper trading😅. It made me world richest person…
I’m feeling the words you have typed
I don’t want to earn huge money, but i want to do a huge shit 
, i love emotional hikes… And stock market has exactly that…
All fun is there is path, after 
comes, life becomes boring…
Thanks for your advise wise man, i should enter in water now water …
This suits well for trading, more importantly for day trading.
Jeena hai to marna seekho, kadam kadam pe ladna seekho 
Paper trading is looking at a lion in a zoo, there is a protection between you two, market is like forest and you are in the middle of it with a real lion, no protection 
So yes, getting into those waters is the only way to understand about yourself, know if your strategies work or not, see if you can digest the losses etc etc.
Don’t be. I wrote my narrative.
Yours can be different. There are many ways to trade.
Stand by your belief.
Exactly… Loss is inevitable, but thanks god, stock market is not gambling, i have lost thousands and thousands in gambling…
Man!!! It seems like 2 side edeged sward…
Now, my mindset is became like this, aane do kitna bada loss he, mere capital se to bada nahi ho sakta naa… Phir trading karooga…
Yes market is not gambling, even gambling is not pure gambling, there is a lot of skill involved along with luck. A lot of factors influence the market, some we can control to some extent from our side, some we have no control over. We learn a lot in the market. Bina knowledge, bina discipline ho ke, lalach se log aake jo karte hai, wo gambling hai, aur wo bada nuksaan dilata hai.
Yes, you cannot get more loss than the capital, but this is mathematics, what about psychology, if you lose all of your capital, can you still laugh, can you still feel the same, only you can give the answer.
Those who pulled me into gambling, like matka, they earns 15-20k per month, whenever i ask their secret, they say whether they earn or lose, they naver put their hands again in that day. And when big opportunity seems, they put more money, but most of times, they win really big…!
But i always lose…due to lack of patience, which stock market teach me…
I’m unable to come market then…yes…unable to laugh… Will take calculated risk only…
Yes that is discipline, that is a system, be it matka, cards or anything else. You need to have a plan, a system in place, you need discipline. And slowly when you gain experience, you know about your strengths and weaknesses. You reach to a stage where you can say to yourself - ye mera hai, ye main kar sakta hoon, ye mera nahi, ye mushkil lagta hai, is ko baad mein dekhta hoon etc etc. Experience is the best teacher. Experiences could be different, edge could be different, jo cheej mujhe mushkil lagta hai, wo tu bahut aasani se kar sakta hai.
Mathematical loss is different, psychological loss is different. Full capital loss, 100% gone, this is mathematical, some people can remain the same, can still laugh, some cannot even digest 50% loss, this is psychological.
Kinaare pe baith ke paani ki taraf dekhne se kuch bhi nahi hota, agar tair na hai to paani mein aana chahiye
I will strictly stick to that!!!
My primary aim now…
I’m eger to enter now… Thanks man all that talk inspires a lot…
Inspiration is okay, but people also drown in water, @ronin_sha was telling about this aspect.
To continue about gullible, innocent people, kuch log samundar mein jaal pakad ke rehte hai, bina soch ke, samajh ke jo log aate hai, wo phas jaate hai, lalach ka jaal hai ye, 100% profit in 2 months wala jaal 
So there are few angles to trading, discipline, stop loss, to know what works, how to get better etc. All this needs passion, dedication, capital, edge (something that works consistently), and of course some luck.
If we think this, it will be great, if profit comes then market gave me, if loss happens then it is my mistake
Are u pointing option sellers, i too hate them untill i become one. I have heard they are stoploss hunters…
But i will beat them when i will success in handing them 
instead of my stoploss…
Right…trading is not just earning money, it is earning life…
I was talking about fishermen vs fish, fishermen with bad intentions who trap innocent fish.
Option sellers or any such kind people are sharks, they eat small fish, it is nature. It is like a competition, the best player wins, sometimes sellers win, sometimes buyers, part of the game.
So if you are a small fish, you should be cautious, or if you are a baby shark already, you can join big sharks later, and I will stay away from you 