General Trading Chat

[mudraatrader]

Just made a new high

its still only intraday high in NF
but lower than yesterdays high

Though BNF has broken yesterdays high

 

[mudraatrader]

I should get my triple triple today

 

[^k^]

I should get my triple triple today

triple polio dose lena chalu kar diya kya MT Bhai :lol:

 

[mudraatrader]

triple polio dose lena chalu kar diya kya MT Bhai :lol:

ha ha
but here triple is ...
Its different :lol:

 

[LoneWolf]

We were a group of 6-7 traders trading from broker's office.Some of us traded with high leverage and gone burst as they wanted to become rich fast...1-2 took up jobs as they failed in mastering their mindcontrol and failed in trading ,from the group I am the only survivor who is still trading the market happily. Few other traders were there who were not chart traders and they are very successful and still in trading because of their passion....success rate is very low in this business.

ST

Those who left for they failed to control their greed/mind, probably must be in a very miserable state of mind when they look at you today.. They would be either cursing themselves, or their hearts must be speaking to themselves quietly "you had the equal chances of success as that other Smart guy.. But you ruined it.. "

 

[praveen98]

Was a chart trader all along. But that time intraday charts were not available on any chart data service. So used to plot reliance chart on a graph paper by hand...graph paper,a pad and pencil....1 point change and we used to plot it. Very tedious process but it gave me great advantage in chart reading.We used to keep those graph sheets, put them on the dining table and look for long term trends and S and R levels on weekends.

People used to look at us chart traders as some kind of black magicians or Whoo-doo artists....few used to make fun saying " chart seedha pakadna hai ya ulta" or " chart dekhkar koi rupiya kama sakta hai kya....." but soon they realised that we were few profitable traders in the market.

Smart_trade

ST sir,
Can you tell me what type of chart you people used to draw bar/candle stick or any other kind of chart? Do you still draw some manual charts?
Thanks for being the inspiration to us

 

[lemondew]

So long as its related to trading its ok but triple polio/ is not allowed by moderator

ha ha
but here triple is ...
Its different :lol:

 

[Smart_trade]

ST sir,
Can you tell me what type of chart you people used to draw bar/candle stick or any other kind of chart? Do you still draw some manual charts?
Thanks for being the inspiration to us

Used to be a bar chart we used to plot 5 min chart....so 5 min movement in a bar and open price indicated by a hash on left and closing price by hash on right. Wnen we used to plot hourly charts, there used to be enough space on X Axis so we used to plot candlestick charts.

No, I dont plot chart by hand now....that time it was necessity as intraday charts were not available,now all available ready-made.
...I used to get EOD data on a floppy couriered to me......

Smart_trade

 

[amitrandive]

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” – Jesse Livermore

“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.” – Randy McKay

 

[deba72]

We were a group of 6-7 traders trading from broker's office.Some of us traded with high leverage and gone burst as they wanted to become rich fast...1-2 took up jobs as they failed in mastering their mindcontrol and failed in trading ,from the group I am the only survivor who is still trading the market happily. Few other traders were there who were not chart traders and they are very successful and still in trading because of their passion....success rate is very low in this business.

ST

I think, more than chart reading skills, he is successful because of his temperament. Many people can read charts but they can't control their minds