diary of a day trader

[TraderRavi]

Scrips on my radar for intraday trading......HINDALCO, SBIN, TATASTEEL, TATAMOTORS, RENUKA with NIFTY-I...

 

[DanPickUp]

Hi TR,

Actually even till today...if something doesn't work like the way I had thought...I still question myself endlessly what was it that I missed... keep doing it till I find what was it that I didn't understand.... here I am talking about ABG when I had mentioned about going short.....in the canteen

Quest for answers for things that have gone wrong must never end.

Happy & Safer Trading

SavantGarde

Hi SG

As I known you as an interesting discussion person, I do not agree with what you posted here.

!!Quest for answers for things that have gone wrong must never end.!!

My personal experience about that : If we not can end things which went wrong in the past, we always will live in the past. "If possible, we should not look back too much, as it is a poisonous emotion we experience all too often".

DanPickUp

 

[4xpipcounter]

I also believe that as traders, we need to have our methodology so solidly in place that there is no need to 2nd guess one self. I'm not pointing fingers, but I think many traders live in the past because they hurriedly want to enter the markets in "hopes" of making big money, rather than taking the time that is needed to pay the proper price. Even if someone has to take an extra year or even two to solidly develop the skills needed to enter the trading ring, the rewards are enormous, and they have the rest of their lives to enjoy those rewards.

Hi SG

As I known you as an interesting discussion person, I do not agree with what you posted here.

!!Quest for answers for things that have gone wrong must never end.!!

My personal experience about that : If we not can end things which went wrong in the past, we always will live in the past. "If possible, we should not look back too much, as it is a poisonous emotion we experience all too often".

DanPickUp

 

[SavantGarde]

Hi Dan,

A little bit of the background as why I mentioned about 'Quest for answers....
.... must never end'

It stems from a fact that I never could complete college education for difficulties beyond my control as result do not know whether it is a blessing or a curse but not having a formal education has always made me very inquisitive... There were lots of things that I saw but didn't know the reason... How...Why

Not having answers to things that I didn't understand... that particular unsolved question always remained in a part of my brain where everything that I didn't know was collected.

Answers....sometimes in a few days or even few or sometimes more than five years... would suddenly perhaps come while doing or observing something entirely unrelated and there the bulb in my head would light up... thinking to myself....Oh now I understand what was it that I didn't understand in the past... & so the earlier unsolved problem/question which was now understood would get filed in the other side of the brain.

Perhaps this is specific to me because of not having a proper education...but it has been very much like this for all my life....& continues to be even till today.

A Very Very Happy Yuletide To You & All Your Near & Dear Ones

SavantGarde

Hi SG

As I known you as an interesting discussion person, I do not agree with what you posted here.

!!Quest for answers for things that have gone wrong must never end.!!

My personal experience about that : If we not can end things which went wrong in the past, we always will live in the past. "If possible, we should not look back too much, as it is a poisonous emotion we experience all too often".

DanPickUp

 

[DanPickUp]

Hi Dan,

A little bit of the background as why I mentioned about 'Quest for answers....
.... must never end'

It stems from a fact that I never could complete college education for difficulties beyond my control as result do not know whether it is a blessing or a curse but not having a formal education has always made me very inquisitive... There were lots of things that I saw but didn't know the reason... How...Why

Not having answers to things that I didn't understand... that particular unsolved question always remained in a part of my brain where everything that I didn't know was collected.

Answers....sometimes in a few days or even few or sometimes more than five years... would suddenly perhaps come while doing or observing something entirely unrelated and there the bulb in my head would light up... thinking to myself....Oh now I understand what was it that I didn't understand in the past... & so the earlier unsolved problem/question which was now understood would get filed in the other side of the brain.

Perhaps this is specific to me because of not having a proper education...but it has been very much like this for all my life....& continues to be even till today.

A Very Very Happy Yuletide To You & All Your Near & Dear Ones

SavantGarde

Hi SG

Some thoughts from outside and as always a little bit wild, as you know me. Experiences from a non conform life style.

The world is not to big and many families from all over the world share the same destiny with there children. If from the west or east or nerd or south, it is the same all over. May in other climates and religions and political systems, but finally all the same basic problems.

I come from a poor family with six children and two children from out side, one of them is me ( makes 8 and the step father was working as a post man !!, means no money ) and every thing I did in my live was luck, hard work and friendship.

I was in high school and I had to say good by because of too much problems in my past about the my family.

So what ? I then did my diploma on mechanics and went to military. After military no job.

So what ? I went in to gastronomy. I then have been a barman, after that a cook, after that I did my MBA in hotel management and after that I was successful in catering business.

So what ? I then changed to financial business and I made a hell of money. I then got thick and was not able to do any work for two years. I then stayed for six years in Asia.

So what ? I found a way to come back and found a mentor, which teached me in trading.

So what ? I found a way back in my country to work in a financial company and to do trading here in the way I posted in some threads here in the forum.

Now I some times trade and some times I invest money.

By the way : What is proper education ? How many people have proper education and do not know what to do with it ?

Isn't it more like that, that we have to know about our self's, about who we are and what we want to be and do in our deepest, compare to what is offered to us from outside companies ? Do we prefer to work for our self or do we take some offers from companies to make success in there places. Sounds may a little bit complicated, but it is not.

I made for the moment a mix of this, as I have the change to learn more in that way and still have the change to jump away at any time to work for my self.

I do not understand this word by word : A Very Very Happy Yuletide To You & All Your Near & Dear Ones

But I guess it is like this : Ich wuensche Dir und Deiner Familie frohe Weihnachten und einen guten Rutsch ins neue Jahr.

DanPickUp

 

[stock72]

Hi Dan,

A little bit of the background as why I mentioned about 'Quest for answers....
.... must never end'

It stems from a fact that I never could complete college education for difficulties beyond my control as result do not know whether it is a blessing or a curse but not having a formal education has always made me very inquisitive... There were lots of things that I saw but didn't know the reason... How...Why

Not having answers to things that I didn't understand... that particular unsolved question always remained in a part of my brain where everything that I didn't know was collected.

Answers....sometimes in a few days or even few or sometimes more than five years... would suddenly perhaps come while doing or observing something entirely unrelated and there the bulb in my head would light up... thinking to myself....Oh now I understand what was it that I didn't understand in the past... & so the earlier unsolved problem/question which was now understood would get filed in the other side of the brain.

Perhaps this is specific to me because of not having a proper education...but it has been very much like this for all my life....& continues to be even till today.

A Very Very Happy Yuletide To You & All Your Near & Dear Ones

SavantGarde

I know you know this and I know that u know that I know only these things.... u understand????


Albert Einstein qoutes

"
Education is what remains after one has forgotten what one has learned in school."

"
I'm not an atheist, and I don't think I can call myself a pantheist. We are in the position of a little child entering a huge library filled with books in many languages. The child knows someone must have written those books. It does not know how. It does not understand the languages in which they are written. The child dimly suspects a mysterious order in the arrangement of the books but doesn't know what it is. That, it seems to me, is the attitude of even the most intelligent human being toward God. We see the universe marvelously arranged and obeying certain laws but only dimly understand these laws. Our limited minds grasp the mysterious force that moves the constellations."

"The most incomprehensible thing about the world is that it is at all comprehensible"

 

[TraderRavi]

Could not concentrate much due to cold weather here....I guess Jan/ Feb is going to be difficult for me ..and my Lappy is still out of order......

NF....two trades..-6, +12...

EQ.....

TATAMOTORS ...-456...I thought TM bottomed out @ 1316 and will be up with nifty..but TM in no mood to oblidge SL hit..

HINDALCO...+725...bot @ 238.25 sold...TSL hit @ 239.7...high was 240.5 ...I guess should have booked @ 240.25...

So overall a dull week for me...And as Jan/Feb approches I guess less trading for me ....Dhoop mein baithna parta hai bhai.....from March weather will be ok here...

 

[columbus]

Could not concentrate much due to cold weather here....I guess Jan/ Feb is going to be difficult for me ..and my Lappy is still out of order......

NF....two trades..-6, +12...

EQ.....

TATAMOTORS ...-456...I thought TM bottomed out @ 1316 and will be up with nifty..but TM in no mood to oblidge SL hit..

HINDALCO...+725...bot @ 238.25 sold...TSL hit @ 239.7...high was 240.5 ...I guess should have booked @ 240.25...

So overall a dull week for me...And as Jan/Feb approches I guess less trading for me ....Dhoop mein baithna parta hai bhai.....from March weather will be ok here...

Ravi,

Dull week, indeed,especially last 3 days.
April onwards ,erratic power supply here.

 

[TraderRavi]

Welcome to the world of trading......
Try to learn technical analysis,probability,concept of risk/return and proper position sizing which is absolute must for anyone to succeed in trading.
Intraday trading is best left to experienced traders.....new traders are unlikely to succeed in this form of trading because it requires very sound understanding of market action, and one needs to be very fast in actions. Dont venture into it unless you are an experienced trader.
In trading one can make big money every month but it is not easy....it is one of the toughest professions in the world....it takes a lot to become a successful trader.....you will learn that slowly....but good traders make multiples of the figure you indicated.
Trading requires proper capitalisation. On Rs 10,000 you are sure to blow up this amount....one requires min Rs 2 Lacs to start with to make some decent money in trading....anyone telling you that you can trade on Rs 10,000 capital is either not trading or is selling dreams.
Earning 2% everyday after losses and commissions means making 40% per month on your trading capital....only topnotch traders go anywhere near that ......the realistic figure is about 15-17 % per month that too you will take a few years to come to this level.
Most professional traders trade with capital of Rs 10 lacs and above.....and that capitalisation helps them to diversify in their trades to spread risk and also absorb some bad patch which will invariably hit every trader and every method ,so save for your trading capital before getting into full time trading.
It is tough....but if you can make it you are on your way to a very rewarding and satisfying career...trading...

Good Luck to you...

Smart_trade

.............

 

[TraderRavi]

"There is enough for everyone in this world, but not enough for Greed"

Holds especially True for All of Us in the Market...

SavantGarde

"Good Judgement Comes From Experience, and Experience Comes From Bad Judgement"
-Barry Le Platner

"While The Young Know All The Rules, Old Know All The Exceptions." ​

SavantGarde

"You Maybe Disappointed If You Fail, But You Are Doomed If You Don't Try."​

"One-half of life is luck; the other half is discipline - and thats the important half, for without discipline you wouldnt know what to do with luck."

Carl Zuckmeyer​

rohangawale signature...

People Give Up The Fight Just Few Steps Before They Would Have Won The Battle.

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