Day trading part 2, the end

So I finally got my hands burnt in stocks. This day wasn't too far away and I learned the lesson the hardway, the way which most of us learn. By saying 'us' I am drawing some solace even though you freaks have never invested into stocks. The story is presented below for you to have a hearty laugh.



The market was up today. I bought those stocks early in the morning, which I was sure are going to rise during the day. But when I traded I bought them at a higher price. I do not see the live prices on my trading window and I din't bother to enquire the current price calling the customer care. I blindly traded coz, It was sure shot profit stock man ! That damn confidence which I got to know what happened to it, only later. Market was up by 120 points in the morning and it was down by 100 points in the evening at 15:00, as compared to previous close. It's never been so volatile in my shattered short stock career.

Market has been falling for more than 4 days now. My eyes lit up when I saw the markets up. I decided today I've to gamble on not one but four of my sure shot stocks. I am on a trading spree today and excited to tell Daddy how to make profits freaking easy. It's intraday trading. I want freaking quick profits. Of the four stocks that I gambled it is only one stock that gave me a minimal profit while others were traded for losses which I never expected, that too on a day when the market was bullish in the morning. I was ruthlessly shown the door by the bull. Reason for not preferring Delivery based trading is, the trading charges are higher than the profits made. Hence I said no to that for time being. I actually made a good loss last week. To compensate for that I waited this long and gambled hefty amount to turn that loss into profit or atleast make it neutral so I can start with a fresh mind in the next trading session. End result: I ended up whooping two and half times more than what I conceded in my first loss. If I making losses of this magnitude and profits that are meagre to meet my trading charges only, then I got to be using some part of my functional brain and make a quick exit from stock market.



This is quite deflating. A strong punch nevertheless, not yet a knock out punch. I don't know if I would be receiving few more punches of this sort. Ship is sinking and is sinking quite fast. It's only a month and I haven't seen the positive extreme but I already feel I've seen the negative extreme. An invisible support should steady the ship. In my first day trading post, I said, Day trading is not for the weak-hearted. Today I proved I'm not weak-hearted. What else can one do than to take things easily and console oneself by saying, it's all part of the game. I almost decided to refrain from investing in stocks after coping today's loss. But then, I suddenly find a luring stock tip lurking on the web which says, "All you need is a little bit of confidence to make profits in stocks". I've just seen what happened to my confidence. There is one more thing that I want to add to that tip. When you invested for good and got no idea what would be your fate at the end of the day, you can, turn to the bull and pray.