General Trading Chat

[Krishan86]

What I have been able to achieve during last financial year:
My positions as per IDF are correct more that 50% of times.
Implemented risk <1-2% per trade
Trying to get out before SL is hit.

Still failing in the most important part (as mentioned in Amit ji's post also):
Letting profits run, unable to trail SL (psychologically)
Difficult to decide when to keep position for the day.
ST sir what should I do.

ST Sir,
Can you please answer this when u have sometime. Even i have the doubt regarding SL Trail.

 

[Krishan86]

I used to believe the more experienced you get in trading, more the number of setups you see to trade but
Now I am beginning to realise, the more experienced you get far lesser tradable set ups you see, so yes yawning (as Maneesh once said) is an essential part of successful speculation.

Reminds me of following:
It's not the daily increase but daily decrease. Hack away at the unessential.
-Bruce Lee

 

[vijkris]

Reminds me of following:
It's not the daily increase but daily decrease. Hack away at the unessential.
-Bruce Lee

hats off to your patience. :thumb:
u dug up 1 month old post .

 

[Krishan86]

hats off to your patience. :thumb:
u dug up 1 month old post .

There is no harm in 'Gade murde ukharna' if u get to learn something

 

[Blackhole]

PCR

rounded off to 2 decimal place. BOth are down compared to friday.

Nf : 0.92

BNF : 0.82

 

[Smart_trade]

ST Sir,
Can you please answer this when u have sometime. Even i have the doubt regarding SL Trail.

Any trading day is classified as 1) Small range sideways 2) Large range sideways with volatility 3) Large range trend day. In first two types it is better to grab the profits rather than letting it run. In third type it is a tightly woven strong trend day and on this day it is profitable to let the profits run.A good trader understands what kind of day today is likely to be and then he grabs his profits or runs it accordingly.

If you have difficulty in understanding what type of day we are in,then booking 50 % profits on 25 points in nf and trailing the balance also could be considered.

Smart_trade

 

[Singhraja]

TX Sir for the response sir g ek book Likh dalo kaio ki.dukann band ho jayegi:thumb:

 

[vivektrader]

Any trading day is classified as 1) Small range sideways 2) Large range sideways with volatility 3) Large range trend day. In first two types it is better to grab the profits rather than letting it run. In third type it is a tightly woven strong trend day and on this day it is profitable to let the profits run.A good trader understands what kind of day today is likely to be and then he grabs his profits or runs it accordingly.

If you have difficulty in understanding what type of day we are in,then booking 50 % profits on 25 points in nf and trailing the balance also could be considered.

Smart_trade

Today would be then, "small range sideways", is it correct sir?

 

[Smart_trade]

Today would be then, "small range sideways", is it correct sir?

Yes,example of strong trend day is NF on 28 April .

ST

 

[pareshR]

Trading psychology books to help you trade better

1,trading in the zone — by mark douglas
2. The disciplined trader — by mark douglas
3. The daily trading coach: 101 lessons for becoming your own trading psychologist – by brett n. Steenbarger
4. The psychology of trading: Tools and techniques for minding the markets – by brett n. Steenbarger
5. 12 habitudes of highly successful traders – by ruth barrons roosevelt
6. Investment psychology explained: Classic strategies to beat the markets – by martin j. Pring

7. High performance trading: 35 practical strategies and techniques to enhance your trading psychology and performance – by steve ward
8. The way of the warrior-trader: The financial risk-taker’s guide to samurai courage, confidence and discipline – by richard mccall
9. The 21 irrefutable truths of trading: A trader’s guide to developing a mind to win hardcover – by john h. Hayden
10. Trading in the zone: Maximizing performance with focus and discipline – by ari kiev
11. Hedge fund market wizards: How winning traders win – by jack d. Schwager
12. The new market wizards: Conversations with america’s top traders – by jack d. Schwager
13. Reminiscences of a stock operator – by edwin lefèvre
14. What i learned losing a million dollars – by jim paul and brendan moynihan
15. Zen and the art of poker: Timeless secrets to transform your game – by larry phillips
16. Thinking, fast and slow – by daniel kahneman
17. Letters from a stoic – by lucius annaeus seneca
18. How we know what isn’t so: The fallibility of human reason in everyday life – by thomas gilovich