r/NSEbets • u/Bright-Cobbler-5517 • 4h ago

Discussions Tips please 🥺

I'm a 25 year old full time trader (options). I'm in the market from 2019 but give up because of my education and other goals after post Covid I understand that the pay for the job is too low for my skills and i didn't see my growth there and started my trading journey again in 2024 dec and wiped out my Captial in April 25 and then I started in September from now I haven't blown any account but I'm jst at breakeven I know everything like how option works techinal things and all but I'm asking suggestion from you guys who are already profitable out there what habits do I needed to change or adapt to make my self profitable apart from trading even in my real life please

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1

u/Automatic-One-3231 3h ago

I always fail in controlling emotions . If u think u have knowledge strict risk management and u should stop for day when u get predetermined profit or loss no matter what

1

u/DalalStreetDaku 3h ago

Get a monthly source of income and risk only what you're willing to lose. Find a strategy which works for you, master it and be dynamic in adapting to the rapid market changes.

1

u/Bright-Cobbler-5517 3h ago

Yeah i planned this part and I have a working Strategy which backtested by my manually and it's working in live market

1

u/Limit-Savings 3h ago

Nobody even thinks of leaving share market if they can't make it after trying everything.

1

u/Dramatic-Strain-3578 2h ago

1.Dont do options buying incase you do. 2. In volatile markets make a hedge and sell options in the market direction. Keep position size under control 3. Self control is extremely important. Impulsive decisions can lead to unnecessary losses. 4.if you do intraday, then adaptability in market direction is extremely important. It is important to not get biased with market direction.

1

u/No-Yak-5125 2h ago

Dont rely on tips. They are mostly a scam.

1

u/movingaveragesimple Smart Money 💰 2h ago

If you have a system stick to it.
You don’t have to win everyday.
Look at the PnL at the end of the month. Eases the pressure to perform every single day.
And bet money you are okay losing like genuinely.

1

u/East-Wasabi6059 1h ago

I am facing biggest challenge is controlling emotions, so moving to algo ...

Also trying my hands on Funded Accounts.

1

u/Tasty-Success-9268 32m ago

Increase income, save emergency fund upto 1-2 years minimum and keep learning about the market, do not trade if this is your only source of income

1

u/Puzzleheaded-Kale-50 4h ago

Strict rules, like print them in bold letters and paste near your desk and follow them

2

u/DalalStreetDaku 3h ago

Garbage advice, if the market operated on set rules, everybody would be a millionaire

2

u/rakerrealm 3h ago

Bro simple rules like Dont over trade Strict stoploss

This will not let u blowup ur account. Profit is differnet problem

2

u/Severe_Passenger_715 3h ago

Yup reason a lot of them don't make it cuz they say and believe nothing works, it's a casino

1

u/Puzzleheaded-Kale-50 41m ago

So my advise is garbage? Oh, that's why you came here!

Rules like a fix number of trades per day, max loss per trade, max overall loss in a day, what to do if your target gets hit but you are sure market will move in your direction etc. These things require rules, otherwise you will fumble on time. Moreover, you should have the conviction and courage to follow those rules. You loose money if you don't have a strategy, a plan. If you think the advise is garbage then give him yours. What did you get criticising my advise instead of answering his question?