NIFTY Options Trading by RAJ

[healthraj]

How wat happen in ur family lyf...is tht any serious bro???

There is no problem with my family. But I am not the same as I was 4 years before or before I started trading... Nowadays I am always before the Traderji forum...

May be I am a good analyst or a good teacher but not a Good trader. I don't have the trader mindset.

When I say I have lost my health - I mean was around 73kg and now I am 58. I didn't follow any special diet regime to come from 73 to 58. It is the pressure to succeed in trading.

When I say I have lost my savings - I mean I have lost many lakhs. I don't have an account. And I always that I would gain it back one day. I still think I will get it back. But how I don't know

My family - If you are not spending time with my family then how do one expect all to be well within the family ?

I think there is something wrong with me. Right now I feel that I am so much addicted to this Trading and Traderji. Trading if you don't do properly (meaning you are not making money) is like an addiction. It is like smoking. People those who smoke cigarettes do not accept that they have some addiction problem. The moment they realize that smoking cigarette is like taking a drug, then they will stop smoking.

My father is 75 and he still smokes and he does not have a problem. But I have seen smokers who smoke two packets but their body does not accept that kind of smoking. So they should quit smoking.

It is also my sincere request to those who have been trying to trade and getting that click or grace should take a break and do some introspection.

For me I don't have a problem with knowledge or Techniques but I feel I am overdoing it ....

And that it is the reason why I want to take a break. If people have gone through this before, please suggest me an alternate approach.

At the end of day honestly speaking even though my mind is telling me to quit trading or Traderji, my heart is not willing... Same like the smoking problem, the withdrawl symptoms...

Let me take a Break now

 

[timepass]

Most of the traders go through this. It's the problem with trading F&O and short term. Maybe you should look at longer term investing in equities.

There is no problem with my family. But I am not the same as I was 4 years before or before I started trading... Nowadays I am always before the Traderji forum...

May be I am a good analyst or a good teacher but not a Good trader. I don't have the trader mindset.

When I say I have lost my health - I mean was around 73kg and now I am 58. I didn't follow any special diet regime to come from 73 to 58. It is the pressure to succeed in trading.

When I say I have lost my savings - I mean I have lost many lakhs. I don't have an account. And I always that I would gain it back one day. I still think I will get it back. But how I don't know

My family - If you are not spending time with my family then how do one expect all to be well within the family ?

I think there is something wrong with me. Right now I feel that I am so much addicted to this Trading and Traderji. Trading if you don't do properly (meaning you are not making money) is like an addiction. It is like smoking. People those who smoke cigarettes do not accept that they have some addiction problem. The moment they realize that smoking cigarette is like taking a drug, then they will stop smoking.

My father is 75 and he still smokes and he does not have a problem. But I have seen smokers who smoke two packets but their body does not accept that kind of smoking. So they should quit smoking.

It is also my sincere request to those who have been trying to trade and getting that click or grace should take a break and do some introspection.

For me I don't have a problem with knowledge or Techniques but I feel I am overdoing it ....

And that it is the reason why I want to take a break. If people have gone through this before, please suggest me an alternate approach.

At the end of day honestly speaking even though my mind is telling me to quit trading or Traderji, my heart is not willing... Same like the smoking problem, the withdrawl symptoms...

Let me take a Break now

 

[gsn57iaf]

Truely an honest person. Perhaps overdoing is the spoilsport you have correctly pinpointed. Any way break is always good anywhere but I would say displine is best .

 

[healthraj]

Most of the traders go through this. It's the problem with trading F&O and short term. Maybe you should look at longer term investing in equities.

TP, that is also not guaranteed. What is longer term? 5 years 10 years?

 

[Option.Trader]

I am not Hansraj



First of all to be honest, Even after 4 years, I have still not figured out how to trade, even though I might be slightly better compared to 4 years ago. So I kind of learning for 40 months.

This 40 number is special....

40 days Jesus was doing fasting in desert / wilderness and then started his public life and preaching
40 days Moses was receiving the ten commandments
40 Years the Jews were roaming without any homelands
40 weeks the child is in the mother's womb and born fresh to this world....

So after 40 months of trading, I think I need to take this break of at least 40 days (or may be 40 weeks I don't know) to find out If I can continue trading or Should I proceed with other stuff. After all Life is not only about trading. And the last 40 months I have lost everything that I had, my health, my savings, my friends and I am losing my family too now...

So may be I don't see the truth when I am sometimes overdoing certain things and I get too much involved....

So I want to step out, Go to the top and Look at the trading world more as an observer from 10000 feet high.

I am sure there will always be somebody who will be there to guide you folks.

Absolutely, I agree with you. Sometimes you need a break to get a different perspective. And the more I try to succeed in markets, the more I realize it's an art and some people have god given gift or intuition to see patterns where no one else sees one . There was this guy who came up with something similar to EW and had all sort of rules to predict waves, but inspite of rules none could follow, but he still successfully reads market well. Everyone has access to same canvas and paint, but few become Picasso or Monet. Same I fear with trading, no matter how hard you try, the insanely gifted will be miles ahead of you for no reason other than having grace of god

 

[timepass]

TP, that is also not guaranteed. What is longer term? 5 years 10 years?

This is the business of speculation, there are no guarantees. There are always risks. One must define one's own "acceptable" risks. Maybe re-starting (whenever) with small expectations will help. Just concentrate on getting whatever profits, even the smallest ones.

 

[healthraj]

Absolutely, I agree with you. Sometimes you need a break to get a different perspective. And the more I try to succeed in markets, the more I realize it's an art and some people have god given gift or intuition to see patterns where no one else sees one . There was this guy who came up with something similar to EW and had all sort of rules to predict waves, but inspite of rules none could follow, but he still successfully reads market well. Everyone has access to same canvas and paint, but few become Picasso or Monet. Same I fear with trading, no matter how hard you try, the insanely gifted will be miles ahead of you for no reason other than having grace of god

OT, One of few persons I respect in TJ. You are the only reason for me to develop the OAT tool and may be a lot of people are now benefitting out the tool but not me because I don't have the grace. Unfortunately may be due to the way I was brought up in life, I never believed in God. I don't believe in God and I will never believe in God and so the God's grace will not be upon me...

So what options do I have ?

But I always believed that I have to find a solution to my problem. What work for others might not work for me.

 

[augubhai]

TP, that is also not guaranteed. What is longer term? 5 years 10 years?

Raj,

This is shocking. I used to check ur thread once in a while, and thought that u r doing well... Switching off activities that r detrimental to ur well being should be easy. Just do it (as easy as quitting smoking )

Does this mean that u started trading the methodology presented in this thread, without having backtested it sufficiently?

1. Backtest: One thing that i have found is that many systems look very profitable in theory, and when scanned visually, but may bomb during live phases - maybe after a couple of months of success. Get a system that has high return on capital employed during backtests. When u go live, expect to be earning lesser, because of slippages, execution errors, psychology, and due to a few poor out-of-sample months.

2. Money Management: Even if u get a backtested +ve expectancy system, get ur MM right before going live. What is the probablity of running into a huge losing streak? What is the max. drawdown that u can handle? Plan for handing the worse scenarios. Have reserve cash in place - for daily expenses, and to restart ur trading account in case of really bad drawdown. Do not hope to live off trading initially.

3. Psychology: Decide on ur objectives. Why r u trading? What are u looking to gain from trading? R there better ways to earn money instead of trading?

4. Psychology: Ur emotions r going to play a major role in ur trading and results. How do u plan to handle them? If u have a backtested system, do u have enough confidence in it to minimize the role of emotions?

There are 1000s of systems available on the net, and in this forum. What kind r u looking for?

 

[augubhai]

I don't believe in God and I will never believe in God

and so the God's grace will not be upon me...

Off topic... aren't the 2 parts contradictory.

BTW, I got addicted to twitter towards the end of last year twitter.com/augubhai... but I gave it up, because I was wasting time on it... Just like I quit smoking.

 

[healthraj]

This is the business of speculation, there are no guarantees. There are always risks. One must define one's own "acceptable" risks. Maybe re-starting (whenever) with small expectations will help. Just concentrate on getting whatever profits, even the smallest ones.

I tried the equities and Mutual funds too. To give you an example, In 2009 BHARTI AIRTEL was fundamentally a good stock. So I bought for 50K @ 340. And I had to close it at a loss. Even today it is trading at 300.

I also bought a Market plus Policy with LIC for 25K in 2008 and I when I closed it last month it gave me just 26K - 1K in 6 years, which is Ridiculous. I have not seen any Mutual funds houses giving profits in the last 5 years which is greater than the Bank interest or PF interest.


Even If I had put it in FD or Post office it would have given me 8% YoY.

At the end of the day they say Stock markets is a mind game. It is about having specific mindset. So not everybody can succeed here. And I don't think I have a mindset for stock markets.

The Sooner I realize this it is better for me because there are a lot of other ways to make money. I have given enough to markets and to Traderji and I don't think I have more to give to the markets.