General Trading Chat

[TradeJoker]

Ab ayegaaaa mazaaaa

 

[arsh22g]

Just want to know like the arsh...derivative analysis...will the body language of the trader also reflect that market will go up or down....ha ha ...i reacall sometime back I saw Ashwani Gujal on the national television. his feet was where the camera was focused. his shoes had covered the 1/3rd of the screen. What does it mean...I mean if i want to understand...something unspoken. is it somekind vengeance towards the television officials.I do not know how good he is as a trader...but I certainly do remember him as a confident trader. i saw him talking in the national television while his feet was on the table. if any one saw him that way. it reflects a confidence a lot.

I am short in the market. I am holding 7400PEs till expiry, I trade on PA, even in the morning I mentioned that World market bias is bearish but NSE option chain looking bullish, this analysis was just an extension of that.
While I wrote that, I took a short at 7575.1 and covered at 7545.1 as per PA, so trade as per charts but have a look at the headwinds that may blow against your position.

 

[cloudTrader]

watt lagne se bach gaye :clap::lol:

Even mistakes can turn out to be positive ..

 

[vivektrader]

Was there anything wrong in my first trade ? I entered when it was in up move but caught in a trap and I exited to cut my losses.

Second one was a forced trade and my mind was not steady that time due to the first loss to think logical.

You should consider to take a break for few days, may continue to do paper trade. No amount of sympathy can recover your loss, instead spend time on tj, follow some enlightened seniors here.
Yes you may shift to equity coz it will give you more flexibility and less leverage, and when you start to trade again start with very low quantities.
Losing money is one thing but losing confidence is worse.
Take your sweet time, and when you will come back with discipline and proper money management you will come stronger than ever before.
Have realistic expectations from the market, a 8-10% return per month on a consistent basis is considered great.
Good luck

 

[amitrandive]

Was there anything wrong in my first trade ? I entered when it was in up move but caught in a trap and I exited to cut my losses.

Second one was a forced trade and my mind was not steady that time due to the first loss to think logical.

The cost is simply huge. You lost money. You lost time. There’s an opportunity cost as well as during that time other stocks would have made you a profit. You lost huge amounts of energy as you couldn’t get this stock out of your mind.

Unless you review your system and yourself you will continue loosing money in equity also.

Discipline is a must and revenge trading or trading to recover a loss with huge lots must be avoided at all costs.

Some good read for you.

http://www.brameshtechanalysis.com/2016/01/keep-losses-small-in-order-to-avoid-huge-losses/

When a position is getting ready to stop you out at a loss, do you find yourself bargaining with the name? Do you find your frustration level rising? Do you justify the reason for the move against you, and give it a little more room, only to get stopped out at a bigger loss? Or even worse, perhaps you now find yourself sitting on a double-digit loss, and are frozen with what to do with this now sinking ship?

“In the trading world, you will either make money or lose money on any given trade. All that matters in the end is making more money when you’re right than you lose when you’re wrong. Knowing this, traders have learned to accept failure as part of the game, but they also use the information they acquire from their mistakes as a learning tool. Frequently, what they learn from losing money is more valuable than what they learn when they make money”

 

[blackberry]

Hi all traderji friends....St da .
just logged in for say hai to all....took break from trading now days after my fathers death last november.One I start trading will be back here to my home ...hope everyone doing great in their trading as usual....

missed you vijay on TJ...........welcome back....sad to know about your father demise...

 

[Smart_trade]

Market between -2 SD and + 2SD VWAP the whole day...poora sideways day so far.

Smart_trade

 

[niftytraps]

I am short in the market. I am holding 7400PEs till expiry, I trade on PA, even in the morning I mentioned that World market bias is bearish but NSE option chain looking bullish, this analysis was just an extension of that.
While I wrote that, I took a short at 7575.1 and covered at 7545.1 as per PA, so trade as per charts but have a look at the headwinds that may blow against your position.

Arsh,

Would you pls put your entry exit logic with charts today evening. i took entries near you though late, but couldnt book expecting big move down.BE Trades and some minor profits.. What PA strategies you use to book profits when we are looking for strong move

 

[Smart_trade]

Hello VJAY,

Waiting for you to come back....take care...sorry to know about sad demise of your father. RIP.

Smart_trade

 

[Smart_trade]

Most questions on TV are from puts buyers about what to do with their puts....public was long in various puts looks like...

ST