Intraday trading paisa kamane ka sabse tez tareeka ho sakta hai, lekin agar bina “Helmet” (Risk Management) ke gaadi chalayi, toh ye account khaali karne ka bhi sabse tez tareeka hai. SEBI ki report ke mutabik, India mein 10 mein se 9 intraday traders loss karte hain. Iska kaaran strategy ki kami nahi, balki risk management ka na hona hai.
Market supreme hai. Aap market ko control nahi kar sakte, aap sirf apne loss ko control kar sakte hain. Ek professional trader subah uthkar ye nahi sochta ki “Aaj kitna profit banauga”, wo ye sochta hai ki “Agar main galat hua, toh main kitna loss afford kar sakta hoon”. Is article mein hum un rules ko tod-marod kar samjhenge jo aapko market ke battlefield mein zinda rakhenge.
The Golden Rule of Capital Protection
Sabse pehla aur non-negotiable rule hai: Apni capital ko bachana. Profit secondary hai, survival primary hai. Agar aapke paas capital hi nahi bachegi, toh aap agle din trade kaise karenge? Beginners aksar ek hi trade mein apna 20-30% capital uda dete hain, jiske baad recovery namumkin ho jati hai.
Mathematically, agar aap 50% capital lose karte hain, toh wapas breakeven par aane ke liye aapko 100% return generate karna padega. Ye pahad chadhne jaisa hai. Isliye, losses ko chota rakhna hi trading ka sabse bada secret hai.
| Metric | Rule Description |
| Risk Per Trade | Never risk more than 1% to 2% of your total trading capital on a single trade. |
| Daily Loss Limit | Stop trading immediately if you lose 3% of your capital in a single day (Kill Switch). |
| Drawdown Control | If you lose 20% of your capital in a month, take a break to review your strategy. |
Mastering Stop Loss Placement
“Stop Loss” aapka dushman nahi, aapka insurance hai. Bohot se traders “Mental Stop Loss” rakhte hain, sochte hain ki price wahan aayega toh exit kar denge. Lekin jab price wahan aata hai, toh wo freeze ho jate hain ya umeed (hope) karne lagte hain ki market ghum jayega.
Intraday mein volatility itni tez hoti hai, khaaskar Bank Nifty mein, ki bina system SL ke trade karna suicide hai. Stop loss technical level par hona chahiye (support ke neeche ya resistance ke upar), na ki random rupee amount par.
| Stop Loss Type | Execution Reality |
| System SL | Placing a hard order in the terminal protects against sudden spikes and internet failure. |
| Trailing SL | Move SL to cost once the trade is 1:1 in profit to ensure a winning trade doesn’t turn into a loss. |
| Buffer Rule | Always add a small buffer (0.5% or ATR value) below support to avoid “Stop Hunting” by operators. |
The Risk-Reward Ratio Mathematics
Agar aap coin toss karein, toh probability 50-50 hoti hai. Trading mein bhi agar aapki accuracy 50% hai, tab bhi aap profitable ho sakte hain, shartein aapka Risk-Reward Ratio (RRR) sahi ho.
Beginners ₹500 kamane ke liye ₹1000 ka risk lete hain (0.5:1 RRR). Ye recipe for disaster hai. Aapko kam se kam 1:2 ka target rakhna chahiye. Matlab agar ₹1000 ka risk hai, toh profit target ₹2000 hona chahiye. Isse agar aap 10 mein se 5 baar bhi galat hote hain, tab bhi aap net profit mein rahenge.
Managing the Curse of Overtrading
Subah 9:15 se 10:30 baje tak market mein sabse zyada volatility hoti hai. Aksar naye traders pehle trade mein profit karte hain, fir “Greed” mein aakar aur trades lete hain, aur sham tak profit loss mein badal jata hai. Ise overtrading kehte hain.
Overtrading sirf capital nahi khata, ye brokerage aur taxes (STT, GST) ke roop mein dheere-dheere aapka account bleed karta hai. Ek disciplined trader din mein maximum 2 ya 3 trades leta hai. Agar teeno galat gaye, toh terminal band. Market kahin nahi bhaaga ja raha.
| Trading Behavior | Consequence on Portfolio |
| Revenge Trading | Taking impulsive trades immediately after a loss leads to bigger, uncontrolled losses. |
| Brokerage Impact | Taking 20 trades a day for small profits results in huge transaction costs, eating up 50% of gains. |
| Decision Fatigue | Quality of trade decisions drops significantly after the first 2 hours of staring at the screen. |
Position Sizing and Leverage Trap
Indian brokers intraday mein 5x margin dete hain. Iska matlab ₹10,000 se aap ₹50,000 ka maal utha sakte hain. Ye leverage do-dhari talwar hai. Profit 5 guna hoga, toh loss bhi 5 guna hoga.
Position sizing simple honi chahiye:
Quantity = Risk Amount / Stop Loss Points
Agar aapka Risk per trade ₹1000 hai aur Stop Loss 10 points ka hai, toh aapko sirf 100 quantity leni chahiye. Chahe broker aapko 1000 quantity lene ka margin de raha ho, aapko apne risk appetite ke hisaab se hi quantity leni hai.
Understanding the “Gambler’s Fallacy”
Ek common psychological galti hai—”Market itna gir gaya hai, ab toh uthega hi.” Ise Gambler’s Fallacy kehte hain. Intraday mein “Cheap” aur “Expensive” kuch nahi hota. Jo stock 5% gira hai, wo 15% bhi gir sakta hai.
Trend ke against trade karna (Bottom fishing) sabse risky kaam hai. Risk management ka rule kehta hai ki hamesha trend ke saath chalo. Girte hue chaaku (Falling Knife) ko pakadne ki koshish mat karo, haath kat jayenge.
Frequently Asked Questions
1. What is the ideal daily loss limit for a beginner?
Agar aap beginner hain, toh apni total capital ka maximum 2% se 3% hi ek din mein lose karne ka rule banayein. Example: Agar aap ₹50,000 se trade kar rahe hain, toh ₹1,500 ka loss hote hi terminal band kar dein. Isse aap market mein lambe samay tak tik payenge.
2. Should I use leverage provided by brokers?
Leverage ko bohot savdhani se use karein. Shuruwat mein leverage avoid karein ya maximum 2x use karein. Full 5x leverage tabhi use karein jab aap consistent profitable hon aur aapka Risk per Trade fixed ho. Leverage loss ko magnify kar deta hai jo psychology tod sakta hai.
3. How to control emotions after a big loss?
Bade loss ke baad “Recover” karne ki koshish na karein. Us din trading band kar dein. Computer se dur chale jayein. Loss ko “Tuition Fee” maanein. Agle din fresh mind aur reduced quantity ke saath wapas aayein. Emotional trading hamesha aur bade loss ki taraf le jati hai.
4. Is it better to set a target in Rupees or Points?
Points ya Percentage mein target set karna behtar hai. Rupees dekhne se emotions trigger hote hain. Example: “Main Nifty mein 40 points capture karunga” ye behtar mindset hai bajaye “Main aaj ₹2000 kamaunga”. Points market structure par depend karte hain, Rupees aapki greed par.
5. Why does my Stop Loss always get hit before the target?
Ye aksar isliye hota hai kyunki aap obvious levels (bilkul support line par) SL lagate hain. Operators wahan “Stop Hunting” karte hain. Apne SL ko technical level se thoda door (buffer dekar) rakhein ya ATR indicator ka use karein sahi volatility-based SL lagane ke liye.