nac Calling JOBBERS/SCALPERS
- Thread starter nac
- Start date
Dear Ranger,
First of all, I am extremely sorry to hurt your sentiments and have created anxiety in you. If you see my initial post and my assumptions before writing on this subject, I had mentioned that this discussion could be meaning full for traders who have had fair bit of experience in trading, including facing losses for 'extended period of times'. I don't know much about your background, but I guess and sincerely hope that sometime in future you would appreciate the discussions we all had here.
Please, please do not change anything that you are currently doing if your belief is strong and you are happy doing it. (Thanks Anurag for suggesting the same to him)
Ranger, you would remember I had written earlier that I have a gut that you may become a successful trader, I still stand by it.
Best wishes,
Regards,
First of all, I am extremely sorry to hurt your sentiments and have created anxiety in you. If you see my initial post and my assumptions before writing on this subject, I had mentioned that this discussion could be meaning full for traders who have had fair bit of experience in trading, including facing losses for 'extended period of times'. I don't know much about your background, but I guess and sincerely hope that sometime in future you would appreciate the discussions we all had here.
Please, please do not change anything that you are currently doing if your belief is strong and you are happy doing it. (Thanks Anurag for suggesting the same to him)
Ranger, you would remember I had written earlier that I have a gut that you may become a successful trader, I still stand by it.
Best wishes,
Regards,
The thing I have learnt is that the entry usually has a bearing on where we put the stoploss.
Earlier in a effort to enter and not lose out on the move we enter the enter position in the stock in one shot. This is random since we cannot say if the trend has reversed.
Hence one famous trader advised to enter one third of the position to start. Thus when it moves around our buy price we can average it .In any case we have a lower exposure to that script.
By averaging with say 3 trades,it provides a buffer. On average the stop loss stop loss is better managed than by having a hard stop loss when entering at one shot.
Exiting at the some weakness is a good strategy when the volumes fluctutate
viewed through ease of movement indicator falling below zero. Also when stocks open at a gap up,we cannot say when it will reverse ,take for example TCS,Mastek on friday. Also compared to beginning of july many stocks are already in an uptrend so when a minor pullback on price getting over stretched is very possible.
[QUOTE=anuragmunjal;453694]hi Aaditya
I do not book a profit on signs of weakness once the position has moved substantially in my favour, on the other hand I add to my position on such an occurence. of course I have a price in mind where I would get out of the total position if proven wrong.
regards
Anurag[/QUOTE]
I believe in this strategy while taking positional calls which when I have a target in mind, but in intraday I think it is relatively random and booking on weakness is better but on average entry.
Earlier in a effort to enter and not lose out on the move we enter the enter position in the stock in one shot. This is random since we cannot say if the trend has reversed.
Hence one famous trader advised to enter one third of the position to start. Thus when it moves around our buy price we can average it .In any case we have a lower exposure to that script.
By averaging with say 3 trades,it provides a buffer. On average the stop loss stop loss is better managed than by having a hard stop loss when entering at one shot.
Exiting at the some weakness is a good strategy when the volumes fluctutate
viewed through ease of movement indicator falling below zero. Also when stocks open at a gap up,we cannot say when it will reverse ,take for example TCS,Mastek on friday. Also compared to beginning of july many stocks are already in an uptrend so when a minor pullback on price getting over stretched is very possible.
[QUOTE=anuragmunjal;453694]hi Aaditya
I do not book a profit on signs of weakness once the position has moved substantially in my favour, on the other hand I add to my position on such an occurence. of course I have a price in mind where I would get out of the total position if proven wrong.
regards
Anurag[/QUOTE]
I believe in this strategy while taking positional calls which when I have a target in mind, but in intraday I think it is relatively random and booking on weakness is better but on average entry.
Alroyraj sir, I enter only full at one time and then putting stop loss immediately. Sometimes I change my stop loss downwards if I think that my originally decison was still right one.
Beause of non liveraging I can hold on the position longer time also if I think that I am still right. But now a day I am trying to exit at Stop Loss only and not move it at all. To enter at one time only I can than focus only on Stop Loss management and if the position is in profit, I do tailing stop loss on that. I keep tailing stop loss of the full position and come out only when it is hit but now I am in profit, so I ride the winner. But some time due to my habit of moving my stop loss downward also, I will ride my loser (what Tnsn sir said). So even I think that I am doing good in the market for long period now I am not much in profit at all. I cannot run livinghoot with the money I make in the markets. So I plan to do leverageing in future, but I am afraid that by it my profit can go up but my loss can also go up. Early I has lost my capital because of this things only. So now I am at a point I don't know what to do in future time. But I will continuw with my style only for some more timings.
Thank you
Beause of non liveraging I can hold on the position longer time also if I think that I am still right. But now a day I am trying to exit at Stop Loss only and not move it at all. To enter at one time only I can than focus only on Stop Loss management and if the position is in profit, I do tailing stop loss on that. I keep tailing stop loss of the full position and come out only when it is hit but now I am in profit, so I ride the winner. But some time due to my habit of moving my stop loss downward also, I will ride my loser (what Tnsn sir said). So even I think that I am doing good in the market for long period now I am not much in profit at all. I cannot run livinghoot with the money I make in the markets. So I plan to do leverageing in future, but I am afraid that by it my profit can go up but my loss can also go up. Early I has lost my capital because of this things only. So now I am at a point I don't know what to do in future time. But I will continuw with my style only for some more timings.
Thank you
^ Ranger
I guess now you are settled and have come out of the confusion. And ready to do what you were doing. I hope you have enough food for your thought for next few weeks to month. Better don't load yourself with so much things. Probably you would again get confused. Better chew this for a while...
I am just quoting from linkon's signature...
"Always do what you've always done, and you'll always get what you've always gotten".
I guess now you are settled and have come out of the confusion. And ready to do what you were doing. I hope you have enough food for your thought for next few weeks to month. Better don't load yourself with so much things. Probably you would again get confused. Better chew this for a while...
I am just quoting from linkon's signature...
"Always do what you've always done, and you'll always get what you've always gotten".
Thank you sir for your support, my mind was getting confuse because of different directional thinking. But now I am not worry about my present styling of trading, but the future thing. Success fellows like tnsn sir are very very ahead who make me think that one has to keep on growing in style and keep growing one should not stop grow and learn.
When I feel that the last stop of jorney is close by all this has told me that the jorney has begin now only. Since I am in this mind, I has decided not to trading for 1 - 2 day, because I do trading only when my mind is cool and there is no trading or personal tension. Only when I am clear in my mind (I do not knew when it will happen to me) than only I will do trading.
Thanks to you and best luck.
When I feel that the last stop of jorney is close by all this has told me that the jorney has begin now only. Since I am in this mind, I has decided not to trading for 1 - 2 day, because I do trading only when my mind is cool and there is no trading or personal tension. Only when I am clear in my mind (I do not knew when it will happen to me) than only I will do trading.
Thanks to you and best luck.
Too difficult to answer the same.
May be what kind of trade you desire would be easier to answer, something on likes of what Ranger123 has answered.
In my early days i believed Trading like battlefield where i would enter hit my traget and runway with the winning money (read gorilla warfare), there i considered being able to ambush and not getting trapped as Successful Trade, then realised that was fun but not business.
These days, i feel equally happy to exit the trade if not working on my side.
So, if i have to define successful trade, I would say where i can enter and exit at the positions i want (predetermined) (and exit could be with profit/loss). I hate sometimes (even on Intraday) , the price jumps (gaps) too far away from my position and I feel pain in exit (as this wasn't the level in my mind, and also it screws with my R:R).
Some of you may be wondering what about Stop loss (it gets hit, but since it is market order stop loss, i get the worst fill).
Also successful trade would be where I have time and judgement to add of pullbacks and rallies (what greater success than that) [but sadly sometimes (read often) the rally/pullback turns out to be Trend Reversal and sometimes no pullback/rally at all.
May be what kind of trade you desire would be easier to answer, something on likes of what Ranger123 has answered.
In my early days i believed Trading like battlefield where i would enter hit my traget and runway with the winning money (read gorilla warfare), there i considered being able to ambush and not getting trapped as Successful Trade, then realised that was fun but not business.
These days, i feel equally happy to exit the trade if not working on my side.
So, if i have to define successful trade, I would say where i can enter and exit at the positions i want (predetermined) (and exit could be with profit/loss). I hate sometimes (even on Intraday) , the price jumps (gaps) too far away from my position and I feel pain in exit (as this wasn't the level in my mind, and also it screws with my R:R).
Some of you may be wondering what about Stop loss (it gets hit, but since it is market order stop loss, i get the worst fill).
Also successful trade would be where I have time and judgement to add of pullbacks and rallies (what greater success than that) [but sadly sometimes (read often) the rally/pullback turns out to be Trend Reversal and sometimes no pullback/rally at all.
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hi
there can be 2 types of trades
1. winning trade
2. loosing trade
to me a winning trade does not necessarily mean a successful trade and a loosing trade does not necessarily mean an unsucessful trade.
a trade where I have followed my rules (whether it be winning or loosing) is to me a 'sucessful trade'.
regards
Anurag
there can be 2 types of trades
1. winning trade
2. loosing trade
to me a winning trade does not necessarily mean a successful trade and a loosing trade does not necessarily mean an unsucessful trade.
a trade where I have followed my rules (whether it be winning or loosing) is to me a 'sucessful trade'.
regards
Anurag
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