I was trading options with 1 lac capital, 10k profit became 7k, then -10k, i waited, -20k, -40k, ultimately i booked -65k (loss). Now i am considering hiding pnl while trading.
pls guide me how to hide the pnl on dhan charts on active trades, on charts and everywhere.. i will see the pnl after day end..
Lets write the pros and cons of hiding pnl.
Well can you explain what was your SL and TP in the trade that you had taken? If your plan was for a 5% loss on your capital and 1:2 risk reward scenario, you would have been out at 10k profit. PnL actually makes you see how long can you survive but I think more than hiding PnL, you should look at SL and TP.
i will rather stick to my process, i will sell when there is sell signal and buy when there is buy signal..
looking at pnl causes anchoring bias, i am pretty good with price action and indicators which i have built⌠also a profitable trader recently.. started trading a month back.. recently made 60-70k profits in zerodha account..
i quitted fno last yr, then restarted last month..
i used to do intraday 8-9 yrs back.. but i am pretty good with my stock investments.
Its good to know that you a profitable trader and have good experience. Good luck.
Hiding pnl is like you are in warzone & closing your eyes assuming nobody can see you & harm you.
This is psychology problem .Working on mindset only solution. Happy Trading.
its opposite, a shopkeeper buys sells goods throughout the day and tallys the pnl after day end, so imo, exit if trade goes wrong but dont look at pnl
that analogy is very wrong. shopkeeper does not sell items blindly. they sell based on MRP and their buying price is always lesser than MRP. i see that youâre not at all open to any discussion here two people tried logical approach and you shut them both down but then you made a post in community so people like them and me will still comment and try to help. so i will just say that itâs not a problem of looking at pnl here as closing your eyes at 1PM does not make it a night. i read the next comment you were doing intraday before and youâre profitable but as per op, struggling with mindset and discipline which is a basic and first thing to overcome if one needs to become a trader. with 1Lac booking 65k loss means your price went 65% down from your entry and you were just looking at pnl even though you claim youâre good with price action and indicators (not really a good thing to rely on) and an veteran in market, you shouldâve SL in place. losing 65% in a trade or a day is very bad(assuming you said pnl went from +ve to -ve so it happened in a single trade or in one day). if you want to stick with your process then see where your setup gave you SL/Exit and where you booked loss whatâs the difference between the two points. if itâs still nearby then your system needs to be refined as itâs a big SL or bad RR to go with. if not, just follow the setup religiously bro. if looking at pnl hampers you following your setup then you need to work on your mindset and be more disciplined thatâs it. showing/hiding pnl is just one click thing. if you canât follow your setup you wonât be able to hide pnl as well youâll just click and see doesnât make a difference. problem here is mindset and discipline.
wish you all the best.
One thing I often think about is treating trading like a business. In any business, you expect some expenses and losses before becoming profitable. But in option trading, if you start with limited capital, every losing streak directly reduces your ability to continue operating.
After a series of losses, itâs not just the capital that suffersâyour psychology, confidence, and trust in your strategy also take a hit. Eventually, there may not even be enough capital left to take the next valid setup, even if your strategy has a positive edge over the long run.
So how should traders with limited capital approach trading as a business? How much drawdown or âbusiness expenseâ should be considered acceptable before adding more capital or stepping back? Iâd like to hear how experienced traders manage this challenge.