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There will be ample volatility and active scripts that can be found in NSE of India.

Sorry, if my stuff is too boring for you. Just wanted a place to track my progress. But you are right, if it bothers people, I shouldn't post. And I won't.

Day 8 - 28 June 2013 Loss today: -$142.54 (-28.8%) Overall profit / loss: -294.34 Balance: $352.32 Really Really bad couple of days. Few of the trades which I though would bring me profits went bad. I am down to my last few bucks now with no lifelines. Hope I can survive.

Day 7 - 27 June 2013 Loss today: -$217.9 (-30.57%) Overall profit / loss: -151.8 Balance: $494.86

I would have to say, Yes. I know many who depend on Trading as a source of income for their living. Of course, you should have a skill set that eludes 95% of the people who dabbled into trading to be successful.

Day 6 - 26 June 2013 Profit today: $31.47 (4.62%) Overall profit / loss: +66.10 Balance: $712.76

Sorry about the loss. "Tomorrow never dies"...

Day 5 - 25 June 2013 Profit today: $86.35 (14.51%) Overall profit / loss: +34.63 Balance: $681.29 Great Day... I was able to recover from the earlier losses and break into positive for the first time in five days.

Day 4 - 24 June 2013 Profit today: $23.36 (4.09%) Overall profit / loss: -51.72 Balance: $594.94 No stop losses were hit. Went short on a stock that went down 12%. Took smaller margins of profit in multiple trades, as I couldn't take any risk at this point of time.

Yes, I should stick with 2% risk/day since the account is very small. The issue here is that if I set my stop loss per trade to 50 cents, I would hit the 2% risk/day in a single losing trade. I guess I should reduce the quantity, but if I do so, then I would have to execute more number of trades...

Day 3 - 21 June 2013 Loss today: -$49.95 (8.04%) Overall profit / loss: -75.08 Balance: $571.58 Went from +20 to -49 in a jiffy. Should have stopped while I was ahead.

Rude shock on the first day itself. Lost 8.13% on Day 1. Day 1 - 19 June 2013 Loss today: -$52.58 (-8.13%) Balance: $594.08 Day 2 - 20 June 2013 Profit today: $27.45 (4.62%) Overall profit / loss: -25.13 Balance: $621.53

I know that many people will make fun of my idea, but i would like to attempt an experiment. I am starting with an account of $646.66 and will attempt to earn 2% (or less) a day, compounded daily for 200 days. The worst case scenario is that I will lose all of the $646.66, but I will gain...

I understand the saracastic comments, was just trying to make a point.... Only one useful comment so far though.. Even at 0.5%, the return would be $1753 at 271%.

I made an excel sheet with some calculations, here's what I found. If you have an initial capital of 650$, and if you earn 2% consistently on a daily basis compounded for a year (200 trading days), your return will be 5248%. $650 @ 1% daily - 732% - $4731 $650 @ 2% daily - 5248% - $33940...

Hmm. How do you guys check your progress? Excel sheet or do you use some software? Everywhere I read, I see that almost all of them complain that traders lose money? Is that a fact, or are there really some one who made good money consistently on long term here?

Thanks all for the advice. Really helpful. As I mentioned earlier, I am new to trading and doesn't know how to look at technical charts etc. I am a Scalper at the moment and I am making trades for 5 cents. I find trading to be very thrilling and entertaining. If I could make this my job to...

I am new to trading and have recently started day trading. I know that trading is risky, but I also believe that one could make a decent amount by learning the art of trading. I have a question here to all the experienced. Let's say I have $20,000 in my trading account. 1. How much...