Mission (I m) possible 10 lacs to 1 cores in 2014

[umeshmandal]

I must hasten to add that the trades mentioned by me are supposed to be correct as per my thinking but I accept that I might have missed some post of Mr.Raj and erred. So do correct me and oblige.

 

[silenthelper]

Posting here as I need to understand more about BNF trading. I am more or less doing decent profits in Nifty trading but still wary about BNF.
Have been following Raj Sir in this thread from the start.

Please accept my apologies before hand in case my Post irritates you. Let me assure you that is not the purpose at all.

I find that you have been Posting your Trades here, either in Real Time or maybe later.
I have tracked all your calls, and am surprised to see your post that says you have a profit in hand of 70K before the current trade in which you are holding 14 lots.

The trades I noted from this thread are :
01. Long 4 lots 11560 on Dec27, 2:11 PM (Profit/Loss :???????)
(Exit from this Trade not posted)

02. Short 4 lots 11148 on Jan6, 12:43
Covered 4 lots 11086 on Jan6 2:35 Profit : 6200

03. Short 11156 X 4 lots on Jan8, at 3:31
Covered 2 lots at 10890 on Jan10 at 2:34 (Profit in 2 lots 13300)
(When were the balance 2 covered is not Posted)

04. Long 10960 X 4 lots on Jan20 at 12:10
Sold 2 lots at 11098 on at 9:37
Sold 2 lots at 11186 on Jan 21 posted at 3:45 Profit : 6900+11300


03.Long 4 lots at 11016 on Jan 24 at 11:31
Long 6 Lots at 10650 on Jan 27 at 1:29
(When balance 4 lots were bought is not posted) Position OPEN

Total profit as per trades posted : 37700 less expenses !
So request you to kindly post the remaining Trades.
The 10 lots that you are holding are bought at an average of 10800 approx, so you are staring at a loss of ~60000 in 10 lots, dont know your entry of balance 4 lots. So why are you trading so brashly. Having profit in hand does not mean we put it at risk? Its your money your trades, but if a few lines are written by you in this regard, it may help people like me who wish to add BNF to their trading stock.

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[madank]

So why are you trading so brashly. Having profit in hand does not mean we put it at risk? Its your money your trades,

This is called 'Mental accounting' in behavioral finance. It is basically categorizing money into two things in mind - one is the base capital and the other is the money that has been won. People tend to spend the money they won more brazenly than their original capital. With respect to trading, all risk management techniques could be thrown in air when it comes to the money that has been won.

We are all victim of this phenomenon but with varying degrees. Only way to overcome this mental accounting system is to imagine every rupee earned is real money and trying to avoid compartmentalization. easier said than done.

 

[sudoku1]

I must hasten to add that the trades mentioned by me are supposed to be correct as per my thinking but I accept that I might have missed some post of Mr.Raj and erred. So do correct me and oblige.

a quest frm a student of PSYCHOLOGY umesh..r u anyway related 2 d profesion of CA (CHARTERED ACOUNTANT) ?

 

[umeshmandal]

a quest frm a student of PSYCHOLOGY umesh..r u anyway related 2 d profesion of CA (CHARTERED ACOUNTANT) ?

Almost correct ! As I was an Accountant in a medium sized Private company before I turned a full time trade.
I am not not a CA !

 

[silenthelper]

hahahah Raj bhai kitne ka Chuna laga? I always say do just oppsite what you say and make money .. i did the same

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[Trader_PK]

I sad 650 points down BNF last two days....not my position.....Baap ...baap hota hai........

kyu u r not short?

 

[silenthelper]

Posting here as I need to understand more about BNF trading. I am more or less doing decent profits in Nifty trading but still wary about BNF.
Have been following Raj Sir in this thread from the start.

Please accept my apologies before hand in case my Post irritates you. Let me assure you that is not the purpose at all.

I find that you have been Posting your Trades here, either in Real Time or maybe later.
I have tracked all your calls, and am surprised to see your post that says you have a profit in hand of 70K before the current trade in which you are holding 14 lots.

The trades I noted from this thread are :
01. Long 4 lots 11560 on Dec27, 2:11 PM (Profit/Loss :???????)
(Exit from this Trade not posted)

02. Short 4 lots 11148 on Jan6, 12:43
Covered 4 lots 11086 on Jan6 2:35 Profit : 6200

03. Short 11156 X 4 lots on Jan8, at 3:31
Covered 2 lots at 10890 on Jan10 at 2:34 (Profit in 2 lots 13300)
(When were the balance 2 covered is not Posted)

04. Long 10960 X 4 lots on Jan20 at 12:10
Sold 2 lots at 11098 on at 9:37
Sold 2 lots at 11186 on Jan 21 posted at 3:45 Profit : 6900+11300


03.Long 4 lots at 11016 on Jan 24 at 11:31
Long 6 Lots at 10650 on Jan 27 at 1:29
(When balance 4 lots were bought is not posted) Position OPEN

Total profit as per trades posted : 37700 less expenses !
So request you to kindly post the remaining Trades.
The 10 lots that you are holding are bought at an average of 10800 approx, so you are staring at a loss of ~60000 in 10 lots, dont know your entry of balance 4 lots. So why are you trading so brashly. Having profit in hand does not mean we put it at risk? Its your money your trades, but if a few lines are written by you in this regard, it may help people like me who wish to add BNF to their trading stock.

I dnt know intention of the post.........but again you are trying to bite me.....I am CONTRARIAN.........I am not copy book traders.....I do opposite what max people think....!!!!!!

 

[silenthelper]

kyu u r not short?

read my post ......after that react....:thumb:

 

[silenthelper]

RRR.............always give surprise to the market.......lets finger cross......