To make the last option a bit more detail , you have taken 10 Trades in last 3 days and won 7 trades and lost only 3 trades & still you are on losses is the last option

Option 1 & 2 - Good & Continue to keep the winning streak between 40 to 50% & close the day in profits.

Option 3 - Just check the reasons for the losses & re work on your trade set up

Option 4 - This is really alarming , rework on position sizing , control over trading , keep a strict risk reward ratio

One of a group member shared his trading experience yesterday after making +17658/- profit in 4 trades with an average of 3000 to 5000 in each trade , happen to finally closed it in negative - 9346/- Loss just because of his last 2 bad trades

Capital - 8 Lakhs
Deployed capital in each trade - 40000 to 130000

Total number of Trades - 6
Total number of Profit Trades - 4
Total number of Loss Trades - 2

Well firstly with a deployed capital of 120000/- & after making a profit of 17658/- which is a 13% decent return - why should some one dream of even trading after making such beautiful returns.

He had made 4 successful trades as per charts and indicators with proper risk reward but the last 2 trades the only reason for the losses was purely the position sizing & not following the risk reward.

Only good thing he did was to square off the position when the losses hit close to 9000/- which is 1% of the overall capital

I know many can relate the above example to yourself , atleast from now if you are already in profits & if you have the intention of taking further trades , before taking a trade , just recall this experience

We will have one more last poll for tonight as I see it as a major concern for many traders

Your genuine answer will not only help you but many others in this group

Honest answers please , so that even we will try to figure out the best possible way to address this issue..

Firstly appreciate the 40% traders for your willingness to accept the truth that you have taken 50 to 100% risk on a single trade or on a single day

60 to 70% of the traders have taken such risk once or twice or even multiple times is what i understand after interacting with numerous traders , forget about the trade outcome

Purposefully i have not mentioned the capital you have risked as the capacity may vary from trader to trader but if you have the guts & decided to risk 50 to 100% capital then how much ever capital you have or deploy doesnt matter.


When i raise a common question to all as to what made them to take such risk & i found one thing in common

They begin the day with a positive note keeping a target in mind

1.Achieve the day's target
2.Doesnt stop there , get to see more opportunities, over trade as to increase the roi
3.At times when its their day , things keep working in their favour & they keep randomly trading every single opportunity and some where get into 1 wrong trade and lose all the profits
4.After seeing some good profits and back to no profit no loss situation , they some how wanted to atleast recover what ever profits they lost in the last trade
5.During this process, they throw the data analysis position sizing , risk reward and forget the trade set up
6.From decent profits to neutral and to a small loss , do they stop - NO
7.They now wanted to recover the losses & some times even wanted to get back thier lost profits
8.Now the losses gets added up and by this time they must have lost 20 to 30% of their capital just by making all the possible bad decisions
9.Finally after seeing 30 to 40% wiped off , now they come to a conclusion that let me try my best to minimize the losses
10.Finally after losing 30 to 40% the mindset of a trader becomes , the only option to recover the losses is either buy huge quantity or put all the money in a single trade

You must gain control over your money or the lack of it will forever control you

Dave Ramsey

Gone is gone , forget about what has happened as it's not going to add any value

For the traders who voted the last 2 option , my one piece of advice is don't keep more than 10 to 20% in your trading account until you get to see a change in yourself

Tomorrow evening we will try to figure out all possible ways as how to get free from such erratic behaviour

Please note - Losing money is not money alone , it indirectly affects your health , your joy , your happiness , your self esteem , your family time , your sleep , your daily routine

Except for you , nobody else can bring the change in you , make it a new year resolution & stick to it

See you tommorow

Good morning

Without money we can't make money - so never be light or try to compromise yourself to put all your money or more than 10% to 20% of your capital in one trade in the name of recovery

Your Best Teacher Is Your Last Lost Trade - Learn From It

Your Best Friend Is The Trend / Data - Follow It

Your Enemy is Your Impatience / Over Trading - Never Do it

If You Want To Succeed In Options Trading , Most Important Thing A Trader Should Keep in Mind is Not What Profit I will Make EOD. Its How Much Max Loss I can Tolerate If The Trade Goes Against Me / How Efficiently I will manage my trades even on a very high volatile environment.

Even Skipping Trades at times when not Sure is also a Wise thing to do as not losing Money / Capital is also profitable one way !!!

Trust The Data | Believe in You | Trade Wisely👍

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