Hi guys, I did not post last month’s income because my trade did not complete in that month.
I want to share everything I will learn in this process to become a successful trader, from small amounts to large amounts.
I know this profit is not too big, but I think the initial time is not for money; your learnings will determine your success.
In this post, I will share with you my learnings, mistakes, and experiences.
I took two trades in August 2023, and they did not hit target and stop the loss.
Just remember this,
- System to take trades
- Risk Management
- Journal
- Mindset (Psychology)
Let’s dive into my trading income report.
Trading Income in Aug 2023
Positional trades
Last month, I took two trades.
- Tata Consumer Products
- Indusind Bank
Check my trading journal.
| Sr No | Start Date | End Date | Stock Name | Long/Short | Entry Price | Exit Price | Trailing S.L. | Pyramiding | Position/Qt. | Profit/Loss | Capital |
| 1 | 07/08/2023 | – | Indusind Bank | Long | 1416.85 | – | NA | NA | 19 | – | 26904 |
| 2 | 02/08/2023 | – | Tata Consumer Products | Long | 850.50 | 895 | NA | NA | 33 | 1513 | 28066 |
| Total | 1513 |
I got about 3% in these two months.
Expences in Aug and Sep 2023
- Regulatory Charges:
- Sebi Turnover Charges: 0.13 Rs.
- Exchange Transaction Charges: 5.64 Rs.
- Stamp Duty: 12 Rs.
- STT: 102 Rs.
- Other Charges:
- GST: 12.12 Rs.
- Brokerage: 48.63 Rs.
Total 180.52 Rs.
Net Profit
1513 – 180.52 = 1332 Rs.
Strategy Used
I used 44 MA strategies learned from Siddharth Bhanushali.
My Learnings
- Positional trading is not simple I think, it need lots of patients.
- Doing same task (like putting stop loss) is not easy.
- Every month will not giving same results.
Wrap Up
I know that this is not a big profit. But still, I am in profit.
Always remember.
Trading is not gambling; it is a business.
Don’t take this as an example.
I am only sharing this for learning purposes.
Learn from my mistakes and grow fast.
I hope you love this. If you have any queries, you can leave a comment.
Thanks for reading.
