re: Day trading Nifty & Banknifty Futures
I too infected type 2 from 2005 to 2013 June ..
then cured miraculously ... ? ...( still i don't say it is miraculous cure .. since recovered complete loss with very small capital and recovered not in a single trade but in six to seven months ) hence seems curing did properly ..
but now type 1 infection is there :rofl::rofl:...
totally
any solution ST ....
Solutions are found when a person strongly wants to find solutions. But sometimes wrong trading practices make money for the trader and that reinforces his belief that it is a correct trading practice. That is because it has worked for him...but when you walk from the fields laid with mines, you may come out without a scratch...but if that reinforces a belief that walking in the minesfield is the right strategy..then there is a problem.
Solution comes when we accept that we need improvement...but if feel that our trading needs no improvement then nothing can be done.
Looking at some people around in the trading field, I remember a quote from
Ed Seykota in Market Wizards...he says
" Everyone gets what he wants from the market." It has a deep meaning...think about it. Many will say all want success and money from the market...that is WRONG.....some people want success..they get success...some want challenge , they get challenge...some want analytical abilities to get satisfied, they get that from the market...some want to satisfy their arrogance...market will say ok...satisfy that to your peril....some people want reinforcement that they are perfect but the world around them is bad and out to get them..they get the satisfaction that operators are out to get them...some people want company and timepass...they get that in groups they have of traders trading with a same broking office.....lastly some people have need to feel that they are martyrs or " Shaheed..." and market satisfy that need by making them "Shaheed"
So we have to decide what we want and then work towards it...the solutions will come, help will come forward, gates will open...we have to start wanting to do it....
Smart_trade