Loss booked at 5780. Loss= 25*20= Rs 500+ brokerage

Lesson learnt- Don't anticipate in the markets. Let the markets unfold before taking any decision.

Expensive lesson but it will definitely help me in the future.

Another lesson learnt- When a trade goes against you and your anticipation has been proven wrong, exit that trade. It can accure more losses if you continue to hold onto the trade.

Another lesson- When the markets are volatile, it is better not to trade

I wish one day I can become a better trader.

The bold text is untrue
Professionals make money only during these occasions
When market is calm and less volatile,% of profit achieved are less. If one can predict the market and is in correct positions during these volatile trades then one can make killer amount

And one advice : Use MNIFTY not NIFTY futures.
It not good to trade in NIFTY Futures directly for a newbie in futures

Nifty currently at 5683. You could have kept a wider stop loss upto 5825.

Would have made profit in the same trade.

I am using mini nifty only.


Fresh short mini nifty futures @ 5700 feb futures.

Stoploss at 5780.

I am very hopeful with this position. I am 90% sure that this will end up in huge profit.

Lets see.

I feel you are over trading!

Particularly you have done revenge trade what you did today!

You should trade not more than 2 times a month if you are not a day trader. When I say 2 times included buying or selling shares.

Even if you are day trading, your strategies are not working!

Covered my short at 5540.

Profit= 160 points.

= 156*20= Rs 3120- brokerage (around Rs 160)

Finally, got the trade right.

Experience:-

1) Trading has more risks and needs continuous monitoring. I won't try it again.

2) I won't be having time for trading and therefore bye bye for now.

Averaged RIL, NHPC, Reliance Infra in very small lots. Bought very little quantity.

Want to buy Crisil but it is not coming down.