Weekly Trading Dairy: 30th April 2018 to 4th May 2018

Post your profits/losses in this week here…

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20%return on capital.My capital used was 356.

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Not sure if I’ll end up with any net profit, if yes then it will be tiny. Traded too many times again. :grimacing:

UPDATE―made a net profit of 308 :slightly_smiling_face:

After Friday disaster it was ok day. Indigo misbehaved and ate half profit

Had > 400rs in PCJ. Got greedy, made some over trading. I think entire PCJ profit will go towards brokerage.

Zerodha fucked up and missed a 40% profit opportunity.Did one Scalping made 2% return.Lol.I traded even when Zerodha sucks.Looks like I am the only person to trade on Zerodha today?? Lol.

Made a complete mess today. Undid all the hard work I did in the past 6 days by staying net positive. I doubt I can recover any time soon now.

Did you forget to put SL? That’s a huge loss.What was your capital? @Visualreactor

No, I got greedy and used wishful thinking to hope Cipla recovers. So set a steep stop loss. Then got desperate in trying to recover and made even more loss.

I had started with 20k margin but by tonight I’ll have only about 8k left. This is my performance so far excluding today.

Bro use lesser capital.You will be wasting money if you go like this

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yes, use only 2% of your capital per trade… i have learnt lesson by keeping steep stop loss…

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Today was the day my doubt became very clear … that technical analysis does not work.
Looks like operator driven market.
Price action, support, resistance, pivot points, volumes, fibonnaci retracements, candlestick patterns, none of them worked.
Resulting in just loss and nothing else.
Day trading has destroyed me :sob:
Can’t even hope to recover the losses.

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Yes I know. I did well last week, but got greedy again today. :worried:

Yes will see what the damage of today’s trading is and then decide my limits. Don’t expect to recover from this loss though. In fact might be best if I don’t even try. :grimacing:

Bro your problem is risk reward ratio it’s below 1:1.If you manage to make it above 1:1 you would be profitable by now.

for education porposes only ,

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When I get greedy I don’t consider RRR and proper stop loss. It’s the main reason I’ve lost so much so far. I might not be disciplined enough for intra day. In the last three years I’ve made approximately 10%, 10% and 21% respectively via delivery based trading.

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If you feel that you can’t do intraday then its better to stay away.Only deciplined trader can make profits consistently.