Should we quit or keep trading?

<p id="isPasted">First of all, why did you started trading without any proper knowledge. As per me till you have strategy proven you are not supposed to be indulging in real trades. Instead, all these months you should have traded on paper. Now also next few more months trade on paper. Develop a strategy. Built up the chart for gainers &amp; losers. Add fresh set of indicators, combine two or three indicators together Or use half part of indicators like if I am using BOLLINGER BAND INDICATOR I will remove the lower curve of Bollinger part WHILE USING IT FOR SHORT THE STOCKS &amp; SIMILARLY REMOVE UPPER PART OF THE BOLLINGER FOR LONG POSITION IN STOCKS. IT WAS LOOKING CRAZY. IT IS UNIMPORTANT THAT HOW YOU USE WHICH INDICATORS , BUT HOW YOU INTERPRET IT IS MORE IMPORTANT. WHATEVER YOU DO THE TAILORING OF TECHNICAL INDICATORS YOU SHOULD ANALYZE IT PROPERLY &amp; HOW GOOD YOU ARE IN INTERPRETING BRINGS THE SUCCESS IN YOUR STUDIES.</p><p>When you have started your journey, please do not stop by seeing the obstacles. Who knows you may be near to success.</p>

<p><br>Clearly day trading is not for everyone. It is not about having the right method alone so do not get fooled by Tricks that are sold to you that will ensure constant profits. There is no short cut to day trading success. In most cases, it is a mindset game. There are very few who can handle the timeframe that requires your constant attention throughout the day. IT can get stressful and exhausting. Unlike in position trading or investing where your decisions have to be taken maybe once a day, here you are on your toes tick by tick. Not every one’s cup of tea. So, choose wisely where 99% fail. There are other ways to approach the market. If you must remember that it is scalping and jobbing at best, and it’s you against the computers</p>

<p id="isPasted">I don’t understand why people write essays for such a simple question. The simple answer is a no. You should not quit. The reason is because it’s too early to quit.</p><p>It takes time to develop the ability and skill to become an intraday trader. Keep working on it. It’s worth it. Learn technical analysis from all sources. Practice what you learn. Fine tune it. Learn more, practice again and fine tune it. Repeat till you become good. Most people will get there within 3 years. I hope you do too.</p>

<p id="isPasted">Well, it does take time to start making money trading intraday. But once you start getting it right, it doesn’t matter whether the market moves sideways OR is in a bullish or a bearish phase. You can always make money.</p><p>Personally I don’t believe in paper trading. Because the emotions that come into play when you lose money in the markets needs to be experienced at the initial level, so that you don’t make bigger losses later.</p><p>Just try trading with small quantities, different strategies. It is a matter of some time and things will definitely start going your way. Just DON’T GIVE UP!</p>

<p><br>It's too early to quit anything you started learning. Even a child starts walking after a year. Think about learning it as an Art of making money instead of just thinking it as a money making tool only. It means you have to practice it hard untill you are not master of it. And it also means you have to practice it with a single share and should focus on your success rate to avoid burning your money quickly. Learn about some technical indicators. Candle sticks, moving averages, volume and support and resistance levels really helps when use all together. Be positive. And don't chase the price. Have patience and let the opportunity come to you. Remember it's not gambling if you know your game really well and knows what exactly you are doing. It's purely buying at lower price and selling at higher price. So don't give importance to such words. Have a strong conviction that it's a business not a Gambling. Prepare your trade well in advance. Select 2 or 3 stocks only, a day before actual action. Study their chart well. Know it's direction and stick to that. This is called swing trading. Take this as an example: suppose you throw a ball in the air, a moment comes when force applied by you becomes equal to gravitational force. At that moment ball stops in air for fraction of a second to change it's direction back to downward. And same applies when it hits the ground as well. From this example you can know two major things. One is in which direction the ball is moving and second when the momentum is getting weakened most of the time it's an indication of change it's direction. Develop patience and impatience together. Wait patiently for the opportunity to enter a trade and be impatient to exit your trade. Book your profit or loss whatever it is with the change in the momentum. I do not follow stop loss as it surely hits. But I would not suggest you the same. Please follow your SL strictly. Never trust on me or any other expert. Just put your own brain. Learn your Art well and apply by your own. And yes don't expect success for every trade. You just need one or two to make your day. Keep learning.</p>