General Trading Chat

[XRAY27]

Punjab National Bank reports Q4 net loss of Rs 5,367 crore

This is the biggest quarterly loss in Indian bank history.

Source :TOI

 

[Smart_trade]

http://www.filedropper.com/brstinsights-may2016

Some interesting idea here on asymmetric payoff in stocks.

Smart_trade

 

[Brill]

I have taken part in 1 and won 1. Just took part to see how it might help me. Did more harm than good. So now focusing on being consistent without any challenge playing on my mind.:lol:

Now looking at improving areas like psychology etc. i have a decent strategy that has been profitable, but i make a lot of mistakes just like the most traders do. 1) Not following rules. 2) Telling myself that this particular situation comes outside the rule book and again repeating point 1 and 2.

How powerful our minds are at convincing us to break our rules set in stone with experience over time is not even funny.

++++
Won the challenge 4 time and lost 2. Still capital down by 30%. So winning the challenge has nothing to do with profitability in my case

Reasons are same above and taking small profit and very very big losses.

And not taking the profit when given, thinking that market will not reverse.

Thanks.

 

[rip07]

@Xray

Bro!! How do you handle when you are in position, and sudden spike comes in reverse direction (surely you place SL first, but in case of mental SL then?).

and today midnoon spike was possible to catch in BNF by TA (Pivot method etc)?

Thanks
rip07

 

[rip07]

++++
Won the challenge 4 time and lost 2. Still capital down by 30%. So winning the challenge has nothing to do with profitability in my case

Reasons are same above and taking small profit and very very big losses.

And not taking the profit when given, thinking that market will not reverse.

Thanks.

Bro!! You are absolutely right!!

There are 3 things we should know (as per my understanding of market being many years). these are in Order:

1. First know yourself--your nature, style
2. Work on Money management. For example here @Xray has nice rule for himself that not more than 2 back to back losing trades in a day.
3. then whatever method or setup which can you Edge. Even simple one SMA line on chart is enough.

In the long run you will beat the odds

Thanks
rip07

 

[Smart_trade]

http://www.filedropper.com/brstinsights-may2016

Some interesting idea here on asymmetric payoff in stocks.

Smart_trade

Not many would have observed but this asymmetric returns principle is very important in trading as well. In trading all our trades will not be winners.Some trades will be small winners,some small losers,some break even ,some large winners but NONE should be large losers because of stops and MM. In trading also we need some large winners to take our average returns up.

Smart_trade

 

[vagar11]

Not many would have observed but this asymmetric returns principle is very important in trading as well. In trading all our trades will not be winners.Some trades will be small winners,some small losers,some break even ,some large winners but NONE should be large losers because of stops and MM. In trading also we need some large winners to take our average returns up.

Smart_trade

I actually tested on the stocks posted in a 2014 May article.

Laopala and Kwality gave 283% and 287% return respectively.
Shrenuj gave -90% return.

 

[XRAY27]

@Xray

Bro!! How do you handle when you are in position, and sudden spike comes in reverse direction (surely you place SL first, but in case of mental SL then?).

and today midnoon spike was possible to catch in BNF by TA (Pivot method etc)?

Thanks
rip07

First of all i place SL that to SL-M order...i never follow mental stop !!!

my setup will not catch today BNF midnoon spike and i'm not a practitioner of pivot method discussed in the forum so i cannot answer on that

 

[Smart_trade]

I actually tested on the stocks posted in a 2014 May article.

Laopala and Kwality gave 283% and 287% return respectively.
Shrenuj gave -90% return.

Assuming someone would have invested fixed amount of 25000 in each stock,how much will the total return be ?You have the link for May 2014 article ?

Smart_trade

 

[pravi_kanth]

First of all i place SL that to SL-M order...i never follow mental stop !!!

my setup will not catch today BNF midnoon spike and i'm not a practitioner of pivot method discussed in the forum so i cannot answer on that

Even for swing trades do you put stop loss. How do you calculate the stop loss. I take the mental stop loss of 70 points high or low for swing. Please let me know your thoughts on this.