How to trade with Rs. 10,000

Position sizing  will be in important task during day trading.

Suppose you started trading with Rs. 10,000 , normally broker may give you an exposure up to Rs. 100,000.  So you started the trading day. Imagine a situation you decided to buy Infosys share . You will get 27 Infy shares for 1 Lakh. Opposite to your expectation Infy falls down 2% then you will be losing Rs. 2000, ie 20%  of  original invested capital. This is not good trading strategy.

Divide you exposure in different shares . Do not look at single shares. We recommend to trade 5-8 trades per day. At a time take  maximum 3 positions. If existing positions are gaining, then you can take fourth one provided you are putting trailing stop loss

Psychological Disciplines:

Believe in yourself and your judgment.  You must be confident in your edge and your ability to utilize it.  (Build this through past trading demo/live)

Accept your losses and don’t focus on them.  Don’t even take note unless there are either an exceptional number of them or there are 3 in a row.

Accept your wins and don’t focus on them.  Don’t let your winners turn you into a euphoric pip god.

Measure your trading success by your profitable trading days in a row, not individual trades.

Never fret about missing an opportunity.  Patience is key, and opportunities abound in this market.

Keep a journal of each and every trade.  (If you are trading so fast that you cant take a pic in-between trades then you are over trading)