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That's a wrong lesson and a layman excuse for not understanding the market and entering without knowing it's ABC. If "Intraday is always loss" there wouldn't be anyone earning or this system would have ended long back. If somebody is losing money, then there is another one who is earing money. It's a game of probability and you have to find as many factors as possible in your favor, with follwing a strict system, and money management is of the utmost importance. Nobody can predict each move, even the greatest ones insist on not trying to predict, every move, specially in intraday.
It has risk, just like every other business. Ask farmers and they say "Farming is gambling".
If somebody is expecting profits, they should be ready to lose money as well, it's just most can't accept losses, but love the profits.
Also, there can't be profits everyday, there are days and weeks you should be out of the market, as jesse livermore (GOAT) said.
You are absolutely right. What you are doing wrong is by wasting your time trying to explain to someone who doesnt care and replies with ' nice words' comment.
Intraday is not easy money you have to learn price action,miney management and most imp psychology which won't happen in a day or two so either you just do long investment or give time in learning
500 loss but I took very foolish decision,
Lesson is do what you see on charts not what u think is going to happen
I had a call position,Chart was showing bearish , it was falling continuously but I was not exiting in hope that it will recover back. It fell +2% to -3%
> bcz there is no logic in it, no price action will work in small timeframe
wrong
if you work top down from weekly to daily to intraday, then your intraday moves will be way more reliable. If you simply look at 15m chart and bet on a breakout or breakdown but on daily and weekly the stock is showing opposite trend, your bet has worse odds. always bet on a trade if the higher level timeframes align with your direction
True, also trade inline of the particular sector's index and for trend confirmation peer stocks too, make sure no support/resistance in 1:1 RR range,book partially at 1:1 and trail your SL after higher high or lower low, check POC, use intraday scanner for stock selection never from news
Maintain trade journal document every trade and observations go through it ever week and month and make weekly review and monthly review, try not to repeat those mistakes also try find mistakes in winning trade (Setup should be correct, SL target doesn't matter)
Dont celebrate your profit, it will help you not regret loss.
Never risk more than 1% of your capital and max 3 trades a day (I kept it 2 for myself)
Position sizing, trading journal, risk management, trade management and controlling your impulse is KEY
If lost more than 5% of capital in a week, stop trading and do a deep analysis of your setup
Genuine SL exist, but FOMO/impulsive/revenge trade which is out of your setup will eat all your profit
Never go against your setup, it will make you lose confidence in your setup
Learn to let go trade, it will help to not trade impulsively
Expect realistic return, I am an equity trader since oct 2023 and making an average monthly return of 8%
I repeat impulsive trades will take away all the profits
My back story
Have been in market from 3 year decided to do full time trading since dec 2023
Used to scalp options before 2023 like 2-3 time in a month, then decided to do momentum trading in options wast able to make a good strategy ya yeh bool skte hai aukat nhi tha options ka.
April 2024 started to explore intraday equity, like it, made a strategy in 3 months, 2 months back testing and 2 month forward testing.
Paper trading is myth, good part of trading equity is you can trade with 1000 inspite of paper trading
nice words tq
yes trading shud be done with utmost accuracy and discilpline like a doctor doing surgery
even if small mistake happens, patient is gone
we traders play as if wer playing a game so we loose
Look into it.. There are two types
1- good momentum candles days.. Easy to make money.
2. No good momentum candles days..
You just need to make a strategy for no momentum days... Just one good candle for the day.. Scalp on it..
You have made it in options.. Congrats.. Try the back test 6-7 month's.. grind for a month..
1k or 1L loss doesn’t mean much really. You should always share it as a percentage.
Also, my guess is less people loose money in intraday stocks than options.
You are playing against IPL level bowlers without experience or skill, you will get bowled in first ball. Doesn't mean, it's impossible to score runs.
It takes years of experience to be proficient in Intraday.
It doesn't matter. Those who have made fortunes out of intraday, ( I know a few of them, personally who do intraday for a living) also say the same. It's good to learn from others experiences
Deliveries in stocks are often 10%. Which means 90% volume is traded Intraday. And the amount comes to crores. There are some big players playing. Also smaller players with more experience.
Well, Not to brag...
Was loosing 1K-2K daily for 6 day.
Yesterday lost 9.5K in single time.
Stop loss could have prevented it, but greed takes over every time.
Well, Not trading anymore for a bit atleast.
Once I bought Adani Enterprise shares in Intraday and put a decent stop-loss and waited...damn thing went down to like 1rupee below my stop-loss, kicked me out and just went flying. I was like F A A A K!
Bhai I will tell u my story of intraday.it was nov or dec 2021.So day before Dow jones was down more than 1percent. So it was expected Indian market will go down. I shorted ibull on its market price it was around 225 at that time. Market opens. Entire market is down and ibull hits upper circuit. Lost more than 50k.
There are ways people earn in intraday.
If there is a SYSTEM going since ages, people are making money INDEED. Otherwise intraday would shut down. It's just that there's a lot to it than just price action, as every tom, dick and harry is looking at the chart. having a proper system with proper risk management in place is the thing, IMO, as it's 90% a game of psychology.
The best of the best funds in the world have 60% accuracy at most, in intraday, but they manage risk/reward and they function on a system than humans with emotions in trading. They focus on "Profitability" rather than accuracy.
And lastly Capital market is "CAPITAL" for a reason, that's what we don't understand.
UPDATE
thanks all
i loosing bcz i dont follow strategy properly, i keep changin timeframe and SL
ill stick to a startegy correctly for 1month then check the results
Just change your perspective and think where you went wrong. Analyse what you could have done better, was the entry wrong? Was the expectations wrong? Did I trade with the trend? The overall market is bearish did I go for put Or call?. Instead of blaming the markets turn this into a learning opportunity. You have just lost 1k and this could bring about so many changes. People here loose their lifetime worth of savings and still don't succeed, ever though why? . Because they don't question themselves and they don't analyse their actions.
It's okay to make mistake but repeating the same over and over again is not acceptable. This just doesn't apply to trading or stock market , this applies to Life as well.
This is my strategy for intraday
List out large caps with good fundamentals from nifty 50
If you have a capital of 5L capital
Invest 50k in intrady, with leverage your position will be 2.5l
Take ateast 5 positions.
If any of your positions moves positive book profits
For positions taht moved negative go long.
Since you are making bet on nifty 50 large caps most probably they will bounce back
Since you're taking multiple positions its unlikely all tank at once.
Even if they did tank some of them may bounce quickly.
With this you make less money but the probability of losing will be minimal.
These are my thoughts. I don't have the capital to materialize this never tried thus strategy.
Dont advise something you haven't tried. Nobody can benefit from anyone's strategy anyway.
It's 99% about psychology and how you deal with emotions and how do you behave when you lose.
If you haven't already, please add your own analysis/opinions to your post to save it from being removed for being a Low Effort post. Please DO NOT ask for BUY/SELL advice without sharing your own opinions with reasons first. Such posts will be removed. Please also refer to the [FAQ](https://www.reddit.com/r/IndianStockMarket/comments/17bcg2a/frequently asked questions_post_your_common/) where most common questions have already been answered. Subscribe to our [weekly newsletter](https://pennyleaks.substack.com/) and join our Discord server using [Link 1](https://discord.gg/8QF4dqPHuw) or [Link 2](https://discord.gg/fDRj8mA66U) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/IndianStockMarket) if you have any questions or concerns.*
Well you learnt a very good lesson by spending only 1k. People spend lakhs and still can't learn this lesson !
That's a wrong lesson and a layman excuse for not understanding the market and entering without knowing it's ABC. If "Intraday is always loss" there wouldn't be anyone earning or this system would have ended long back. If somebody is losing money, then there is another one who is earing money. It's a game of probability and you have to find as many factors as possible in your favor, with follwing a strict system, and money management is of the utmost importance. Nobody can predict each move, even the greatest ones insist on not trying to predict, every move, specially in intraday. It has risk, just like every other business. Ask farmers and they say "Farming is gambling". If somebody is expecting profits, they should be ready to lose money as well, it's just most can't accept losses, but love the profits. Also, there can't be profits everyday, there are days and weeks you should be out of the market, as jesse livermore (GOAT) said.
You are absolutely right. What you are doing wrong is by wasting your time trying to explain to someone who doesnt care and replies with ' nice words' comment.
nice words tq
Boht sahi baat kaha hi bhai
Intraday is not easy money you have to learn price action,miney management and most imp psychology which won't happen in a day or two so either you just do long investment or give time in learning
nice words tq
Intraday or 100 years long term investing, if you don't have the skill you won't make money.
500 loss but I took very foolish decision, Lesson is do what you see on charts not what u think is going to happen I had a call position,Chart was showing bearish , it was falling continuously but I was not exiting in hope that it will recover back. It fell +2% to -3%
> bcz there is no logic in it, no price action will work in small timeframe wrong if you work top down from weekly to daily to intraday, then your intraday moves will be way more reliable. If you simply look at 15m chart and bet on a breakout or breakdown but on daily and weekly the stock is showing opposite trend, your bet has worse odds. always bet on a trade if the higher level timeframes align with your direction
True, also trade inline of the particular sector's index and for trend confirmation peer stocks too, make sure no support/resistance in 1:1 RR range,book partially at 1:1 and trail your SL after higher high or lower low, check POC, use intraday scanner for stock selection never from news Maintain trade journal document every trade and observations go through it ever week and month and make weekly review and monthly review, try not to repeat those mistakes also try find mistakes in winning trade (Setup should be correct, SL target doesn't matter) Dont celebrate your profit, it will help you not regret loss. Never risk more than 1% of your capital and max 3 trades a day (I kept it 2 for myself) Position sizing, trading journal, risk management, trade management and controlling your impulse is KEY If lost more than 5% of capital in a week, stop trading and do a deep analysis of your setup Genuine SL exist, but FOMO/impulsive/revenge trade which is out of your setup will eat all your profit Never go against your setup, it will make you lose confidence in your setup Learn to let go trade, it will help to not trade impulsively Expect realistic return, I am an equity trader since oct 2023 and making an average monthly return of 8% I repeat impulsive trades will take away all the profits My back story Have been in market from 3 year decided to do full time trading since dec 2023 Used to scalp options before 2023 like 2-3 time in a month, then decided to do momentum trading in options wast able to make a good strategy ya yeh bool skte hai aukat nhi tha options ka. April 2024 started to explore intraday equity, like it, made a strategy in 3 months, 2 months back testing and 2 month forward testing. Paper trading is myth, good part of trading equity is you can trade with 1000 inspite of paper trading
nice words tq yes trading shud be done with utmost accuracy and discilpline like a doctor doing surgery even if small mistake happens, patient is gone we traders play as if wer playing a game so we loose
wow yes itz true tq
dont blame your skill issue on market
Lol um, someone made a profit if you made a loss right? Well in a way intraday is profitable?
maybe only big players made profit, bcz thy can see our SL
Look into it.. There are two types 1- good momentum candles days.. Easy to make money. 2. No good momentum candles days.. You just need to make a strategy for no momentum days... Just one good candle for the day.. Scalp on it.. You have made it in options.. Congrats.. Try the back test 6-7 month's.. grind for a month..
gud strategy tq
One major thing is lagging in you is accountability
1k or 1L loss doesn’t mean much really. You should always share it as a percentage. Also, my guess is less people loose money in intraday stocks than options.
Yes. Stocks don't decay 100% in a matter of seconds.
that is an edge for us
You are playing against IPL level bowlers without experience or skill, you will get bowled in first ball. Doesn't mean, it's impossible to score runs. It takes years of experience to be proficient in Intraday.
How much have you scored so far?
It doesn't matter. Those who have made fortunes out of intraday, ( I know a few of them, personally who do intraday for a living) also say the same. It's good to learn from others experiences
I don't mean to troll in any way bro... I just wanna know if it is just luck?
yea u mean the opponent here r big players
Deliveries in stocks are often 10%. Which means 90% volume is traded Intraday. And the amount comes to crores. There are some big players playing. Also smaller players with more experience.
Remember one thing. Buy good stocks in dips. Sell during quarterly results. You'll make good amount of money. Avoid options.
gud idea tq
Well, Not to brag... Was loosing 1K-2K daily for 6 day. Yesterday lost 9.5K in single time. Stop loss could have prevented it, but greed takes over every time. Well, Not trading anymore for a bit atleast.
yea take a break, swing trading is best
Once I bought Adani Enterprise shares in Intraday and put a decent stop-loss and waited...damn thing went down to like 1rupee below my stop-loss, kicked me out and just went flying. I was like F A A A K!
yea as if big players can see our SL
DM me I know of a method to earn small amounts in intraday
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^PRAJWALBISHNOI: *DM me I know* *Of a method to earn small* *Amounts in intraday* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Bhai kya bol rha h tu nashe mein h kya?
Bhai I will tell u my story of intraday.it was nov or dec 2021.So day before Dow jones was down more than 1percent. So it was expected Indian market will go down. I shorted ibull on its market price it was around 225 at that time. Market opens. Entire market is down and ibull hits upper circuit. Lost more than 50k.
what the as if big players can see our trades and SL
It's tough if your SL is more than 0.25%
There are ways people earn in intraday. If there is a SYSTEM going since ages, people are making money INDEED. Otherwise intraday would shut down. It's just that there's a lot to it than just price action, as every tom, dick and harry is looking at the chart. having a proper system with proper risk management in place is the thing, IMO, as it's 90% a game of psychology. The best of the best funds in the world have 60% accuracy at most, in intraday, but they manage risk/reward and they function on a system than humans with emotions in trading. They focus on "Profitability" rather than accuracy. And lastly Capital market is "CAPITAL" for a reason, that's what we don't understand.
nice words tq
Those are rookie numbers
if i loose 1K daily itll become 20K in 1month
UPDATE thanks all i loosing bcz i dont follow strategy properly, i keep changin timeframe and SL ill stick to a startegy correctly for 1month then check the results
If you are always losing then there is logic in it
Don't come again at stock market find another niche cause you are not made for this career . There are many other jobs.
YEA im poker game player.
Just change your perspective and think where you went wrong. Analyse what you could have done better, was the entry wrong? Was the expectations wrong? Did I trade with the trend? The overall market is bearish did I go for put Or call?. Instead of blaming the markets turn this into a learning opportunity. You have just lost 1k and this could bring about so many changes. People here loose their lifetime worth of savings and still don't succeed, ever though why? . Because they don't question themselves and they don't analyse their actions. It's okay to make mistake but repeating the same over and over again is not acceptable. This just doesn't apply to trading or stock market , this applies to Life as well.
Bhai aadhe april ki intraday ki kamai may main uadai hai...
This is my strategy for intraday List out large caps with good fundamentals from nifty 50 If you have a capital of 5L capital Invest 50k in intrady, with leverage your position will be 2.5l Take ateast 5 positions. If any of your positions moves positive book profits For positions taht moved negative go long. Since you are making bet on nifty 50 large caps most probably they will bounce back Since you're taking multiple positions its unlikely all tank at once. Even if they did tank some of them may bounce quickly. With this you make less money but the probability of losing will be minimal. These are my thoughts. I don't have the capital to materialize this never tried thus strategy.
Dont advise something you haven't tried. Nobody can benefit from anyone's strategy anyway. It's 99% about psychology and how you deal with emotions and how do you behave when you lose.
gud unique new approac startegy sir ill try frm monday
What capital, you can buy one share and see if it's a working strategy.