LOOSING SELF CONTROL

Support Desk
1

I have been trading options for more than a 16 months.

i have developed a simple trading regime or system for myself. it is profitable over the long run but what happens is that. for eg. I have to follow my risk of 1500₹ sl on 1 trade with 30qty in bank nifty, but due to greed i start punching extra qty like 90qty more for extra 40-50 points and if i keep doing this it will give me big stoploss every time i am wrong. some times i miss the trade and add extra qty to get same amout of profit in less points.

This is something i loose my self control over again and again.

CAN SOMEONE HELP ME OVERCOME THIS PROBLEM OF NOT MAINTAINING A SIMILAR QTY AND HOLD IT FOR SL OR TAKE PROFIT.

thank you in advance.

any life hack would also help.

2

If you are able to define your strategy with a set of rules, you will be able to use Algo Trading for your strategy. Algorithms have 100% self-control and it’s a one-time effort.

If you are not into coding, you could use Fyers API Bridge or some no-code platform.

If it’s not possible to enter trades using Algorithm for your strategy, you can manually enter the trades and use Algo Trading only to modify and/or exit the trades.