ST,
When I trade with small quantity I am comfortable.
When I try to trade with little more than usual quantity I tend to make mistakes.
Plz answer at your free time.
When I trade with small quantity I am comfortable.
When I try to trade with little more than usual quantity I tend to make mistakes.
Plz answer at your free time.
The trade quantity should depend on your trading capital and the distance of your stoploss point from your entry point. To give you an example say your trading capital is Rs 2.00 Lacs and your stoploss point is 30 points away and if you are risking 1% of your capital on each trade you can trade 60 Nifty or 3 Lots mininifty. Dont increase your quantity unless your trading capital increases. One is not comfortable when the qty increases without increase in trading capital. Also have a very clearly defined stops which will reduce the fear of taking positions.
In day trades take only 1% risk on each trade till you become comfortable riding your winners and cutting your loosers. Never risk more than 2 % on any trade no matter how strongly you feel about a trade.
Smart_trade