General Trading Chat

[Smart_trade]

ST Sir,

Loss aversion or unable to accept the loss making me missing few Good trades,
literally 3-4 in last 10 days. capital, method no issue, as my 1st month of live trading. (took 3 trades in between 1 good profit/ 1 small loss/1 small profit) wud i be overcome this situation? as after setup i go into wait n watch mode and misses the good entry.

If one cannot take the loss, one cannot trade. But if the set up is good, it should not hit stops too often....are you trying to catch each turn in a sideways market ? It sounds great but no one can do it consistantly.

You have to take a trade when your set up says so...else the set up is not very competent.

Smart_trade

 

[wisp]

Da, VWAP is now around 501 I think, could today become a VWAP day or would most intradayers be long and end up crashing nifty by exiting

 

[snp1]

If one cannot take the loss, one cannot trade. But if the set up is good, it should not hit stops too often....are you trying to catch each turn in a sideways market ? It sounds great but no one can do it consistantly.

You have to take a trade when your set up says so...else the set up is not very competent.

Smart_trade

Nooo..not trying to catch sideways moves..i patiently wait for good setup..
even system doesnt hit stops too often..but after setup i see terminal...and fluctuations making me going in wait n watch mode.and then

 

[vikas2131]

Europe is not buying the NIRP of BOJ...

 

[vikas2131]

Nooo..not trying to catch sideways moves..i patiently wait for good setup..
even system doesnt hit stops too often..but after setup i see terminal...and fluctuations making me going in wait n watch mode.and then

It is fear of losing money..that is what stopping you..start with small stocks ..dnt trade nifty..Keep the position as small as possible...

 

[Smart_trade]

Nooo..not trying to catch sideways moves..i patiently wait for good setup..
even system doesnt hit stops too often..but after setup i see terminal...and fluctuations making me going in wait n watch mode.and then

This fear comes when you dont make large profits when the trade goes in your favour...we book out too early so we are always on marginal profitability.....small profits/small losses....but if we have few large profits, we will not fear the terminal fluctuations when the trade comes...that is why traders MUST have some large profits trade in their pocket.

ST

 

[Smart_trade]

While amateurs go broke by taking large losses,professionals go broke by taking small profits...... William Eckhardt in New Market Wizards

 

[pratapvb]

Da, VWAP is now around 501 I think, could today become a VWAP day or would most intradayers be long and end up crashing nifty by exiting

one exit cycle will come before 3pm ... after that if it goes up then likely to go up till EOD

looking to add some around 7525 if it gets there
below that only full exit

 

[snp1]

While amateurs go broke by taking large losses,professionals go broke by taking small profits...... William Eckhardt in New Market Wizards

:clapping::clapping:
good one Sirji..will train n improve myself,atleast i m on right track

 

[blackberry]

Very sharp rise in MFI...
7450 me tested for seeing whether it supports is there or not..

Edit MFI sharpness due to series change,I have no continuous data

(hourly chart)