lost too much money

[kvram]

Dear asishda and savantji Iam very much felt encouraged and got confidence from u r posts ,like me so many brothers in different stages of financial convalascence and recoup our weak will power to enterwith lessons learnt with your able guidance.Ashisda plz when ever possible do write your experiences sir,even so many successful ppl may not be able to express like you,Once again a big thank you to all enlightening us.

 

[uasish]

At that time i was 47 yrs old having an academic back ground of Graduating with
Statistics as major from Guwahati University (eventually was amongst first five
in that year)with a MBA from Xaviers Ranchi in 1975,also had a career of 10 yrs
in Pharma Industry,rose from ranks to Head the National Desk from Mumbai.Also a
Business carrer of 10 yrs,an ISO 9000 Manufacturing unit producing B&W TV for
'ONIDA'brand under the FGP (Finished Good Purchase) outsourcing Plan.There i was
exposed to computers,(in pharma we only had Telex ,not even Fax),every day all
Inventories on road /at stores(there also 2 sub stores 1 for tested & shifted
to Bin the other to be tested)/on Belt(2 type 1 already installed other at on
line Bins etc.Each detail Model wise Planning was to be communicated to Onida HO.
Mr Gullu Mirchandrani was very meticulous on Planning & my computer teacher was
my Son.

A family of wife,mother,1son & 1 daughter,who where at colleges,every month had
to foot all the expenses from the bank balance (left after selling my share of
the Manufacturing Unit to my then partner) which was depleting every month.

This back drop may seem to highlight myself but is neccassary to understand the
mental & financial agony i was going through.In lay man's term at 47 i did ARRIVE
in Life,no way i was a Looser,my corporate cridit card was in 1978 (we only had
2 companies then Diners & Visa was catching up in Mumbai).

There at that time i was struggling at Cyber cafes my companion to way side Tea
stall was a Book-Distributor's Manager & my Trader friends at Chadni Chowk where
mostly like me from middle class back ground.
There i found 1 Molybabu,who used to trade mostly in Polaris some times in Hero
Honda.That guy was making Money at the end of the week.I keenly observed him
i was trading mostly in Infy (those days the Range was minimum Rs100 ) SBI / RIL
& Satyam.As i was sitting on the right side of the monitor hence on my request the
LTP coloum was at right extreme end ( Last Traded Price).I started observing the
LTP for say 10 price fluctuations & write down the 11th one in a note book like
this after few days it became cumbersome & tedious,so i shifted to writing down the
LTP at end of each 2 min,i found that the next one is never same either up or down
but if i take a block of 5 such then in down/up slide it less frequently came to
test it's 1st entry in the 1st block.Bingo!! i could get some pattern.Then i started
observing the 'Average Price' col. & found that after 2 Hrs if Price is below Avg by
say Rs2.00 in SBI (in those days) & my note book says that this Block is below then the earlier one then
Shorting with Rs 2.00 + Rs 2.00 (wiggling space) Stop i can earn few hundred Rs.

So my 2nd Lesson was TREND is a Friend.

N.B. Moloybabu still mantains his family by Daytrading & now he stays at Dankuni,his
son has become an Engineer,he cant speak or write english fluently never went beyound
School,i deeply respect him from my Heart,few people close to me at Kolkata
(from Traderji) knows how emotionaly i am attached with these non-descript guys ,they
have never gone through any Book they try to understand Mkt by common sense only.
Moloybabu had to sell out his house but now he has built a nice abode at Dankuni.

 

[vpsarathy]

At that time i was 47 yrs old having an academic back ground of Graduating with
Statistics as major from Guwahati University (eventually was amongst first five
in that year)with a MBA from Xaviers Ranchi in 1975,also had a career of 10 yrs
in Pharma Industry,rose from ranks to Head the National Desk from Mumbai.Also a
Business carrer of 10 yrs,an ISO 9000 Manufacturing unit producing B&W TV for
'ONIDA'brand under the FGP (Finished Good Purchase) outsourcing Plan.There i was
exposed to computers,(in pharma we only had Telex ,not even Fax),every day all
Inventories on road /at stores(there also 2 sub stores 1 for tested & shifted
to Bin the other to be tested)/on Belt(2 type 1 already installed other at on
line Bins etc.Each detail Model wise Planning was to be communicated to Onida HO.
Mr Gullu Mirchandrani was very meticulous on Planning & my computer teacher was
my Son.

A family of wife,mother,1son & 1 daughter,who where at colleges,every month had
to foot all the expenses from the bank balance (left after selling my share of
the Manufacturing Unit to my then partner) which was depleting every month.

This back drop may seem to highlight myself but is neccassary to understand the
mental & financial agony i was going through.In lay man's term at 47 i did ARRIVE
in Life,no way i was a Looser,my corporate cridit card was in 1978 (we only had
2 companies then Diners & Visa was catching up in Mumbai).

There at that time i was struggling at Cyber cafes my companion to way side Tea
stall was a Book-Distributor's Manager & my Trader friends at Chadni Chowk where
mostly like me from middle class back ground.
There i found 1 Molybabu,who used to trade mostly in Polaris some times in Hero
Honda.That guy was making Money at the end of the week.I keenly observed him
i was trading mostly in Infy (those days the Range was minimum Rs100 ) SBI / RIL
& Satyam.As i was sitting on the right side of the monitor hence on my request the
LTP coloum was at right extreme end ( Last Traded Price).I started observing the
LTP for say 10 price fluctuations & write down the 11th one in a note book like
this after few days it became cumbersome & tedious,so i shifted to writing down the
LTP at end of each 2 min,i found that the next one is never same either up or down
but if i take a block of 5 such then in down/up slide it less frequently came to
test it's 1st entry in the 1st block.Bingo!! i could get some pattern.Then i started
observing the 'Average Price' col. & found that after 2 Hrs if Price is below Avg by
say Rs2.00 in SBI (in those days) & my note book says that this Block is below then the earlier one then
Shorting with Rs 2.00 + Rs 2.00 (wiggling space) Stop i can earn few hundred Rs.

So my 2nd Lesson was TREND is a Friend.

N.B. Moloybabu still mantains his family by Daytrading & now he stays at Dankuni,his
son has become an Engineer,he cant speak or write english fluently never went beyound
School,i deeply respect him from my Heart,few people close to me at Kolkata
(from Traderji) knows how emotionaly i am attached with these non-descript guys ,they
have never gone through any Book they try to understand Mkt by common sense only.
Moloybabu had to sell out his house but now he has built a nice abode at Dankuni.

Ashishda,

How interesting and strugglesome your trading career has been ! I am exactly at the same early stages. Only diff is that I have a comp and broadband at home. I have to earn money from day trade for bread and butter. So I am following Saint's methods on paper till now. Will take a month more to go online.

Having lost enough, I want to be on sure footing from now on. Thank God I found Saint's teachings here

VPS

 

[rkkarnani]

Re: How to make profit in stock market

Dear All,

I am trading for many years, I have lost too much money. Can any successful person in this world teach me how to make profit in Cash or Futurs market .

Market looser

Hi, I am no expert.....but I feel that the first thing that you must do is to write down in as detailed way as possible the mistakes u had made during the losses incurred!!!!
Believe me it helps in not repeating the mistakes!!! We may know in our mind the mistakes we had made but writing them down has its own effect!!!

 

[praveen taneja]

Uashish da it can b interesting to kids but at the age of 41 n at same spot where u were then i can feel ur agony n pain.Really ur these facts of life gave me too moral support that if someone work hard god will help him too.U got ur one Moloybabu to watch n I hav so many like u n czar n sunil n alex etc.I really praise u all from the core of my heart the good work u people doing to teach the persons who are not capable of earning in the mkt n losing all the way.In mkt there is some support but to loserrs no sppt only losing make them tense n low on desicion making.I got a good advice here if u get two three bad trade stay away n paper trade till u earn n boost ur moral .very nice suggestion.Hope one day some one will start a thread here where to find a loser if all get educated here n start earning. God bless u all

 

[uasish]

I have gone through most of the acclaimed good Systems / Indicators / Osc. Read many ;seen many ;worked many & found still 1 of the the Best is Saint's Method.
Can debate eye to eye with all System Trader (know the basics correctly not any book's preface reading knowledge) still i feel Saint's is a method very easy & comfortable for newbies & pros.

 

[rkripal]

I have gone through most of the acclaimed good Systems / Indicators / Osc. Read many ;seen many ;worked many & found still 1 of the the Best is Saint's Method.
Can debate eye to eye with all System Trader (know the basics correctly not any book's preface reading knowledge) still i feel Saint's is a method very easy & comfortable for newbies & pros.

Hello sir

you are right. Saint's method is one of the most simplest things to understand even for a person who is very much poor at maths (myself being one). Because here we only go with charts and system, so simple and yet rewarding.

kripal

 

[uasish]

I always discussed with Moloybabu after Mkt Hrs over samosa & tea and found out he always keeps track of Nifty & many a times he changed to hero Honda or RIL from Polaris after wtaching Nifty.
So this relation of a particular stock going in sync with Nifty that day was a factor to be considered,months later in my learning phase i came to know about Correlation.
From Moloybabu i learnt my 3rd Lesson always consider the PREVALING BROAD MKT SENTIMENT,to get the Maximum.

 

[DHARAM SINGH]

Dear All, Members of TRADERJI.COM/ hello
Any one Help me.
I AM MARKET LOOSER. ( Day trading )

I have only a one question for all members of traderji.com
And the person who know the success

How can I make profit by day trading in share market?

I have lost too much money in share market. Can I earn Rs. 500 to 700 in a day trading?

I like only one work share market, only share market.

I am trading since 4 years; I have lost too much money in share market

I have worked at Metastock professional 9.1 but cannot success I work at my home at Indiabulls terminal. I want to learn the success.

Can any successful person help me to teach me how to make profit share market?

BOBBY

 

[DHARAM SINGH]

hello all members of traderji.com

JOBBING

I have a question related with the jobbing

I am learning jobbing at NEAT trading software my sister also learnt jobbing but she want to work jobbing at home at indiabulls terminal as u know that NEAT is very fast terminal and indiabulls has diet and power terminal, is this possible to work jobbing at Indiabulls terminal.

Can any successful person help me to teach me how to make profit share market

BOBBY

My mail id is dharam_singh5p@*****.co.in