Playing since 2005 lost 13+3 lakhs

[stock72]

Dan,

feel free to say what u thought .....

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[stock72]

I guess if I increase my risk from my pocket i guess the courage to follow my system will drain out ... instead why dont we wait save profits from market and use the same to increase the captial ?.....

Dear Friend

some miscommunication on my part..
After so many years of trading in an indiciplined manner, u finally have a system where u have ur entries & exits defined, u have the courage (read 'discipline') to follow ur beliefs..
THIS is the time to 'increase' ur risk..not curtail it..

regards

 

[mkbsiva]

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hey dan bro... can u "CTRL+Z" these ===s.

let ur thoughts be there.....:thumb:

 

[anuragmunjal]

I guess if I increase my risk from my pocket i guess the courage to follow my system will drain out ... instead why dont we wait save profits from market and use the same to increase the captial ?.....

this is why I had suggested to increase 'quantity' in a phases, in steps..
now if u look at ur graph, u were risking insane amount when u were trading 'incorrectly', on the other hand when u have somthing working for u after such a long time, u are thinking of withdrawing capital.

this is somthing which is very difficult to explain...while trading if it is wrong to throw capital when u do not have a system in which u have confidence, it probably is equally wrong to not raise ur 'stakes' when u are confident that 'on balance' u wd come out a winner.

suggest u go thru the 'zurich axioms' once..

regards

 

[DanPickUp]

Dan,

feel free to say what u thought .....

Dear Stock72 and dear Mkbsiva

Every thing fine. Dear Anuragmunjal has explained every thing, so no need to post any thing from my side. Just best of luck to your trading and please do not lose any more money. Have heard about institutional traders which lost for more than seven years money and finally still made it. Not to recommend when using his own money. If there is anything I can do for you, just let me know.

Good trading

DanPickUp

 

[sarvjit]

YEs , market has more losers than profit making people . This is the case of every bussiness . . You will find only 5 oercent successfull people . First try to analyse yourself before generalising a remark that every body loses . I have been trading for last 20 years .I am success 80 percent of times . but whenever i try to predict market , i lose . Whenever i see the [resent , i am in profit .

 

[onlinegtrash]

Finally this feels like a movie, where hero slays villain after long battle!
Encouraging thread!

I have a question for you stock72 !

Once you recover all your losses and quadrupled your investment
How will you feel and what will be your next move ?

(Simply I want to know the sequel of the movie but can't wait long enough )

 

[stock72]

Guess u r making fun of me . :clap::rofl::rofl::lol:Really shy to imagine that day .the day when my lost money come back . INfact the title of this thread is irrevalant if I account the loss after starting this thread . Some where earlier I said in post number 79 what I will do immediately if at all I got back my money .

Finally this feels like a movie, where hero slays villain after long battle!
Encouraging thread!

I have a question for you stock72 !

Once you recover all your losses and quadrupled your investment
How will you feel and what will be your next move ?

(Simply I want to know the sequel of the movie but can't wait long enough )

 

[onlinegtrash]

Guess u r making fun of me . :clap::rofl::rofl::lol:Really shy to imagine that day .the day when my lost money came back . INfact the title of this thread is irrevalant if I account the loss after starting this thread . Some where earlier I said in post number 79 what I will do immediately if at all I got back my money .

Sure am amused by this thread but certainly am not making fun

Usually things are deeper than they appear, I am trying to understand people, markets and myself! I am yet to see a profession that reflects & magnifies a persons psychological makeup unlike trading. If Universe is a fractal, then I think trading perfectly captures all aspect of life/universe and in a weird way understanding trading-markets-people is my way of an attempt to grasp this universe/reality/life!

Read somewhere that "people exactly get what they want and what they deserve from markets!"

This applies even if they were losing, perhaps a part of them wants too !
Perhaps losing is a way of winning something else, for
eg: Initially you wanted to jump in trading with entry level knowledge but placed heavy bets to prove yourself as a bold person! Perhaps you always wanted to prove yourself (or to someoneelse) as one of those hotshots who made it big by just 'playing' smart (bcoz of sheer coolness-factor of the game!)!
you continued to lose because losing is well below your pain threshold,
you never took a disciplined approach in the beginning because you never *wanted* it !
why sit down and focus until the problem is big enough to cause a 'forced awareness' !

Eventually market gave you exactly what you wanted, i.e continued losses and a lingering pain that mildly exceeding your pain threshold!

Now after meeting both objectives (i.e proving yourself, a forced awareness) now you are on the next level.
A disciplined trader.

I think next levels could be becoming a 'professional trader' and then a 'Master trader' !

IMHO you never lost anything from DAY-1 , you simply are enjoying the ride and getting exactly what you wanted & deserved!

Goodluck with your journey

PS: I might be slightly(or completely) off the mark in understanding you, just wanted to share my thoughts.

 

[stock72]

TODAY AND tom seems to be bear days