A new Life, A new Career, A new Dream - I am a Trader

[Taiki]

Dear Taiki,

Thanks a lot for providing this thread which has now been grown up as one of the wonderful thread here.The discussions and thoughts that are prevailing here are awesome. This is growing like a charming night which is being enlightened by so many stars.....DanPickup, Jagankris, Tlahuicole, Timepass, TraderRavi, Gandhar., Vijay, Healthraj, Rajsumi121, Gaur Kriswhna & many many more !!

I have gone throgh the thread and gained a lot of inspiration, thanks to all the stars.

A special thanks goes to Traderji for providing such a wonderful platform enlightning the mind and soul of people. So many people....so much of knowledge....lots of inspiration... I will definately grow here.

Kindly ignore my mistakes as I am very new to this world, starting my journey with this first post of mine.

Thanks again !!!

Dear candle,

Welcome to trader Ji, and good luck for your journey. :thumb:

Regards
Taiki

 

[akrsrivastava]

Taiki, TST setups are counter trend setups. Do you consider TSTs in only ranged markets or even in trending markets?

Also, amongst TST, PB, BPB , CPB and BOF which one do you think are most probable and effective? As a learner I want to concentrate on the easier setups first. Right now I feel more comfortable with PBs but getting a lot of whipsaws.

 

[anup]

Dear Taiki,

Thanks a lot for providing this thread which has now been grown up as one of the wonderful thread here.The discussions and thoughts that are prevailing here are awesome. This is growing like a charming night which is being enlightened by so many stars.....DanPickup, Jagankris, Tlahuicole, Timepass, TraderRavi, Gandhar., Vijay, Healthraj, Rajsumi121, Gaur Kriswhna & many many more !!

I have gone throgh the thread and gained a lot of inspiration, thanks to all the stars.

A special thanks goes to Traderji for providing such a wonderful platform enlightning the mind and soul of people. So many people....so much of knowledge....lots of inspiration... I will definately grow here.

Kindly ignore my mistakes as I am very new to this world, starting my journey with this first post of mine.

Thanks again !!!

Mombati bhai, Welcome to TJ..

 

[akrsrivastava]

Mombati bhai, Welcome to TJ..

Mombati jalti rahe....:thumb:

 

[rajat1389]

Hellos I am Rajat,

Been trading stocks for last 8 months.
Started nifty options trading from 27-Aug-2013 after learning about it for a month.
Started with Rs 10000 and made it to Rs 32000 till 15 Sep in about 16 trading transactions.
Became overjoyed and stated thinking myself as expert of option trading.

Then put all profit earned and principal on two bg events-
1-US federaton tapering
2-RBI policy

For 1st bought put option expecting a -ve news but it turned out to be zero taperingl.Lost 18000 Rs
For 2nd expected Rajan sir ji would prove his big talks made on frst day and buyed call option.And it turned out to be hawkish policy.Lost another 12000.

Thats my journey so far!

 

[avny]

Hellos I am Rajat,

Been trading stocks for last 8 months.
Started nifty options trading from 27-Aug-2013 after learning about it for a month.
Started with Rs 10000 and made it to Rs 32000 till 15 Sep in about 16 trading transactions.
Became overjoyed and stated thinking myself as expert of option trading.

Then put all profit earned and principal on two bg events-
1-US federaton tapering
2-RBI policy

For 1st bought put option expecting a -ve news but it turned out to be zero taperingl.Lost 18000 Rs
For 2nd expected Rajan sir ji would prove his big talks made on frst day and buyed call option.And it turned out to be hawkish policy.Lost another 12000.

Thats my journey so far!

this is a classic example of playing naked on news
and u are not alone,many have done the same thing
but the smart one have done just opposit of it
even then they hedged their position
both the news were discounted in the market and market already moved
cosiderably in the anticipated direction
so there was very less room left
it has happened many times in the past and will happen in future also
but are we learning???

 

[Taiki]

Taiki, TST setups are counter trend setups. Do you consider TSTs in only ranged markets or even in trending markets?

Also, amongst TST, PB, BPB , CPB and BOF which one do you think are most probable and effective? As a learner I want to concentrate on the easier setups first. Right now I feel more comfortable with PBs but getting a lot of whipsaws.

Yes, Akrsrivastava,

TST are counter trend setups, In a trending market I look for a candle pattern that supoprts the TST setup. Sometimes I get reliabe candle setups and sometime I do not.

Out of TST, PB, CPB, BPB, BOF I found BOF/BPB are easier to trade. In my first days I was only focusing on BOF abd BPB setups and trading only near S/R lines, after few profitable days started to trade the PB as well.

Regards
Taiki

 

[Taiki]

Hellos I am Rajat,

Been trading stocks for last 8 months.
Started nifty options trading from 27-Aug-2013 after learning about it for a month.
Started with Rs 10000 and made it to Rs 32000 till 15 Sep in about 16 trading transactions.
Became overjoyed and stated thinking myself as expert of option trading.

Then put all profit earned and principal on two bg events-
1-US federaton tapering
2-RBI policy

For 1st bought put option expecting a -ve news but it turned out to be zero taperingl.Lost 18000 Rs
For 2nd expected Rajan sir ji would prove his big talks made on frst day and buyed call option.And it turned out to be hawkish policy.Lost another 12000.

Thats my journey so far!

Hello Rajat,

Almost all of us have gone through same phase . But it is not what and how bad it happened with us in past, but it is how we act after the failure and what steps of action we take to stand up again will define our path.

Good luck brother for your journey. :thumb:
Regards
Taiki

 

[timepass]

Hellos I am Rajat,

Been trading stocks for last 8 months.
Started nifty options trading from 27-Aug-2013 after learning about it for a month.
Started with Rs 10000 and made it to Rs 32000 till 15 Sep in about 16 trading transactions.
Became overjoyed and stated thinking myself as expert of option trading.

Then put all profit earned and principal on two bg events-
1-US federaton tapering
2-RBI policy

For 1st bought put option expecting a -ve news but it turned out to be zero taperingl.Lost 18000 Rs
For 2nd expected Rajan sir ji would prove his big talks made on frst day and buyed call option.And it turned out to be hawkish policy.Lost another 12000.

Thats my journey so far!

So you are saying that at present you have Rs. 2000 as your trading capital ?

 

[DanPickUp]

Hello Rajat,

Almost all of us have gone through same phase . But it is not what and how bad it happened with us in past, but it is how we act after the failure and what steps of action we take to stand up again will define our path.

Good luck brother for your journey. :thumb:
Regards
Taiki

:thumb::clapping: Very well told. :thumb: