Thanks LazyTrader, I know I have quite a lot of pitfalls and the strategy I am calling might not be good enough to even considered as strategy 
... but thats why I am keeping my trading book public so that I can learn from MY mistakes and from others' advice.
I will revisit my strategy to tweak & tune it. Thanks!
... but thats why I am keeping my trading book public so that I can learn from MY mistakes and from others' advice.I will revisit my strategy to tweak & tune it. Thanks!
From the 2 screenshots what I see is 43k of profit is down to 9.5k is that right? Which means that you lost 23.5k in how many days?
i was not interested in strategy for quite some time and one day trading forex (demo) a weeks worth of gains get blown off by 1 trade. In that week you still eat, pay your bill and if you had put that money in the bank you could earn interest on it. So then on I started concentrating on the losses and position sizing is one sure shot way of preventing it.
Do this: capital of 100k take max risk of 1% because it's a new strat
so 1k is your risk. You take a trade lets say nifty one lot with 20pts risk so capital risked = 20*50=1k+brokerage ~1.1k
Margin used about 25k
75k free in your account
now if the trade moves in your favour enough to move stop to breakeven then your risk at that time is zero. Now you can take a new position with the 75k free in your account. This is call MONEY MANAGEMENT. If you touch the fee 75k in your account before you can move SL to BE then chullu bhar paani me doob maro.
Discipline is the key. If you take highly leveraged positions to increase earnings then you will be inherently increasing risk. If you can do it without increasing risk then ok. Don't take on un-necessary risk.
It's all about survival - Larry Williams
It ain't gonna matter if you are dead (in the market) - gabbar singh. :lol:
Hope you do the reqd changes :thumb:
Do remember to post your losses of 23.5k we can analyse RR/MM
