What do most accomplished traders have in common ? They enjoy the process of trading. The net result – profit or loss is important since trading survives only if it is profitable. But traders do not trade for money. They trade because they enjoy in the building up of trading rules, in its execution, in research. For a trader, if you have followed your rules properly, your trading has gone well. Profit or loss is in the hands of the market.
I give this background since I received a comment that said:
“Hope you recollect my earlier posts wherein I said “Before touching 3350,Nifty likely to go to within 3-5% of Oct lows” How accurate? But the sad part is during this period only I lost 15K due to erratic/excessive trading in put options with tight stop losses.”
Nothing sad about it. This is good news. The writer is aware of his/her trading problems. It is only a matter of time before he/she can solve these issues. Do not worry about the results. The market takes care of that. Worry about the process of trading. Are you defining your rules. ? Are you doing research ? Are you following your rules with discipline ? Are you afraid of losses ? Are you over leveraging ?