NIFTY Options Trading by RAJ

[nirav_j]

Let me take a Break now

Hi HealthRaj,

Do take that break and if possible, take off for a nice peaceful holiday.

I can relate to almost all of the things that you have mentioned including the weight bit.(although for different reasons)

But well, have managed to calm the storm within. Have worked on the mindset to focus on things one at a time and its helping.

Wish you good luck, and do come back refreshed and with all guns blazing.

Nirav.

P.S: Start eating right and on time. There is no harm in that.

 

[VJAY]

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

Dear Raj,
I think this thought came all traders life....the same feel happened to me many times 2+year before ..when I make money in bnf and lossing all + my cap too with other trades like intraday trades...its horrible ....so I started to backtest my favourite method then started and sticked with one method..its started to change the mindset...now I trade both swing & intra same method ....just some minor rules added into intra...so still i make wrongs but survive with following my method rigidly...so first you must find your method...am sure you have it allready...just give some time to backtest it with clearrulefor your entry/exit/sl/tsl etc...once got confidence from backtest just start it with small qty in live....every day write your trades with clear thougts of that trade,make sure in every trade you followed /applyed your predifined rules....if making wrong trades against your clear method ...try to overcome it day by day...am sure its helps you start getting trader's mind rightly.....many small change in your trading style/life style make it big in trading...once you start to get confidence in your trades it will allways give good feels EOD...so just try to apply the real advices from seniors like OT,ST...they will musthelp to get traders mind set...sorry if any wrong words in this post as am always very weak in explaining things ...

 

[Relish]

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.

I heart just feeling really very sad. I read almost every post since you started MTP thread. I had no words to express your situation. I hope God shows you right light direction.

 

[SexyTrader]

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.

Taking a break is a MUST....Trading should always be done when in full health, mind and focus.

The day the monotony gets to us...its best to step back and enjoy the other things in life. :thumb:

I have realized Trading works best when one is spiritual (not necessarily religious!)

 

[augubhai]

Augubhai,

Thanks for your detailed mail. I will certainly go through it if I want to continue trading. But I had a question. Will you give your honest answer? I used to follow your thread but I found that you were always making losses and you used to do so many trades in a day. So I thought may be you are doing paper trading or doing backtesting. So now comings back to the question, I know you are trading for a long time. Are you making profits? If YES, After how many years of trying you started making profit. If you don't feel like answering because you feel it is personal, please ignore it.

I am not sure if i am profitable yet... I traded for about 6 years, before I found a profitable system of some consistency in 2008. But poor MM did me in - the system continued to be profitable, but I still lost money. In between, there were phases were I traded other systems profitably for a few months.

Last couple of years, I started trading full time. No profits - trading psychology did me in this time. The plan was to trade the earlier profitable system, but I kept trying other systems to find something better. All my trades were real...

Now, I have got back to trading backtested systems - as I had originally planned 2 years ago. Now, hoping for the best and waiting for the results

 

[Option.Trader]

So all that we learn in School and College does not work in Markets. The traditional wisdom does not work. The guy with a Great IQ or the guy with the best system is not guaranteed anything here. So in essence we are talking about some Random wins more like a Chaos theory or Fractals. I am going crazy now. Let me stop here... So in essence It also puts a doubt in my mind whether the so called people who say they win are winning. Of course there should be some winners (I have seen those Zerodha mailers on 60-day challenge winners). But do they keep winning for life? Is this sustainable. This 9:00 to 3:30 job with so much of stress. Once you a trade in a normal human being will go through those stress.

I really doubt that there is a truly mechanical system that can literally score jackpots. There is enough money with corporations to buy out and unlike technology corporations we don't hear of billion dollar companies made only thru speculative trading, If any we have heard of companies losing billion dollar. Except the rare Paul Johnson who made a billion dollar bet on sub prime and could never replicate. I tend to think the first is intuition and when combined with MM psychology you get a winning combination. All the maths will only help in keeping a track of losses and occasional aha moment. But such is hope and insanity where we try to do the same things and expect different results

 

[AmitForTrading]

Good decision Raj. No one makes money in short term trading except brokers..

Its like gambling..you earn few bucks, then use it to play big bets and loose big bets..

Good luck

 

[umash2000]

Dear Raj,

You had mentioned that you are a good analyst/Teacher but not a good trader..
Feel that you have crossed nearly 60-70% of trading cycle and you are in the last lap.Start focusing on trades(entry,exit,stoploss)which is lagging behind in the cycle using the knowledge or methods you are familiar and feel confident.This is a time for you to consolidate your experiences..

Using the same parameters,change the way you used to see nifty.Presentation matters and would indicate how you percieve the movements.Stick to basics and hope you would start seeing lot of positive changes.

Your thread running into pages with lot of writeups indicate that you have got passion & fire within you.This is not going to douce easily and know you would comeback to continue the war.Wish you to comeback fresh and more stronger.:thumb:

 

[healthraj]

Thank you all for your kind and encouraging words. I could see a big list of sympathetic fellow traders in you. I really feel good to read those sweet words. Right now, As I said my Heart is willing but my mind is not. So let me at take a break for at least 40 days and digest what I have been doing for all these 40 months.

A lot of friends have been telling me that this thread has given them some knowledge on Options. So those who have learnt Options from this thread, Please continue to share your ideas. Sharing is the best way to learn.

If I am destined to come back, I will come back Sweet and Strong and may be I will have something sweet and simple to share.

Until then please take care and Bye. :thumb:

 

[Option.Trader]

9

Thank you all for your kind and encouraging words. I could see a big list of sympathetic fellow traders in you. I really feel good to read those sweet words. Right now, As I said my Heart is willing but my mind is not. So let me at take a break for at least 40 days and digest what I have been doing for all these 40 months.

A lot of friends have been telling me that this thread has given them some knowledge on Options. So those who have learnt Options from this thread, Please continue to share your ideas. Sharing is the best way to learn.

If I am destined to come back, I will come back Sweet and Strong and may be I will have something sweet and simple to share.

Until then please take care and Bye. :thumb:

Enjoy life and build the greatest wealth, your family.