I randomly entered in a trade today without considering risk management. I just shorted 100 shares of SRF which is clearly way above my risk zone. I just lost 4k like that.. Heck!!!
Anyways I am going to take small mis trades in stocks in zerodha account here on by myself. The trade I took was based on someone’s stupid algo. Uff why am I doing that? I am more experienced and can take better trades if I am disciplined
The strategy of stock traders would be breaking the opening 15 min range with low as sl and vice-versa. I should backtest this. And take trades according to overall trend in market.
Will start tomorrow. And I will define the strategy below ones it’s fixed!
Strategy:
1)Opening range breakout: but stocks that break the opening range breakout preferable first 15 mins. I need to find so screeners to find these stock
2)Resistance and Support: Buy stocks which break the resistance or support
Rules: Stock are volatile always risk max loss per scrip at 1000 rupees and always have stop loss.
Btw I went long on SRF today after losing money on it and got back the amount lost but them I traded again and lost a bit. I brought down the loss from 5k to 2k yaay
4 March 2025 update –
IIFL – 1k loss
Zerodha – 2k loss
will update tommorrow now