Playing since 2005 lost 13+3 lakhs

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stock72

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Master peice.....
Trading the markets is like driving a car....on some stretches you drive at 50-60 kmph as normal speed ...on some crowded roads you do 10-15 kmph....on Expressways you do 120 kmph......

The trouble with we traders ( I am no exception) is we expect to do 60 kmph when the road is giving us 15...and we feel sad that we are not doing well....and we expect to do 60 when the road is good for 120 and we feel a false sense of satisfaction that " we are doing great". And we either get overaggressive or overconfident.

Needless to say that we will reach our destination if we dont have a serious accident anywhere on the way....and accidents can happen on Expressways, normal roads or even slow traffic roads. We have to make sure that we follow all safety precautions on all stretches to avoid any serious accidents.....minor body dents are part of driving/taking the car out on roads (body dents = money we loose on stoplosses)....

So just avoid the serious accidents and getting trapped in traffic jams perpetually and make sure that dents dont make the car body out of shape and we will be home sooner or later.

Smart_trade
 
Trading the markets is like driving a car....on some stretches you drive at 50-60 kmph as normal speed ...on some crowded roads you do 10-15 kmph....on Expressways you do 120 kmph......

The trouble with we traders ( I am no exception) is we expect to do 60 kmph when the road is giving us 15...and we feel sad that we are not doing well....and we expect to do 60 when the road is good for 120 and we feel a false sense of satisfaction that " we are doing great". And we either get overaggressive or overconfident.

Needless to say that we will reach our destination if we dont have a serious accident anywhere on the way....and accidents can happen on Expressways, normal roads or even slow traffic roads. We have to make sure that we follow all safety precautions on all stretches to avoid any serious accidents.....minor body dents are part of driving/taking the car out on roads (body dents = money we loose on stoplosses)....

So just avoid the serious accidents and getting trapped in traffic jams perpetually and make sure that dents dont make the car body out of shape and we will be home sooner or later.

Smart_trade
Ok... thats IT!!!!!!!!! You do NOT get to drive my Jaguar, on the pune mumbai expressway, as the speed limit is 80 km/h and you wanna do 120!!!!!!

Thank God I came to know this BEFORE I gave you the car for the weekend.
 
Ok... thats IT!!!!!!!!! You do NOT get to drive my Jaguar, on the pune mumbai expressway, as the speed limit is 80 km/h and you wanna do 120!!!!!!

Thank God I came to know this BEFORE I gave you the car for the weekend.
Sumo...you always come out with great fitting replies.....wonder how you think of these....:) A special and rare talent I am sure....

Smart_trade
 
When lion roars, bulls & bears must watch & listen... Da, what a explaination...:thumb:
Trading the markets is like driving a car....on some stretches you drive at 50-60 kmph as normal speed ...on some crowded roads you do 10-15 kmph....on Expressways you do 120 kmph......

The trouble with we traders ( I am no exception) is we expect to do 60 kmph when the road is giving us 15...and we feel sad that we are not doing well....and we expect to do 60 when the road is good for 120 and we feel a false sense of satisfaction that " we are doing great". And we either get overaggressive or overconfident.

Needless to say that we will reach our destination if we dont have a serious accident anywhere on the way....and accidents can happen on Expressways, normal roads or even slow traffic roads. We have to make sure that we follow all safety precautions on all stretches to avoid any serious accidents.....minor body dents are part of driving/taking the car out on roads (body dents = money we loose on stoplosses)....

So just avoid the serious accidents and getting trapped in traffic jams perpetually and make sure that dents dont make the car body out of shape and we will be home sooner or later.

Smart_trade
 

stock72

Well-Known Member
for a long time i used to think trading as driving, as it can’t be taught fully .. ya to some extend the rules will help but driving on a particular day / road depends on many dynamic factors like approaching vehicle, wether, etc
now U added one more dimension.... postion and money management


Trading the markets is like driving a car....on some stretches you drive at 50-60 kmph as normal speed ...on some crowded roads you do 10-15 kmph....on Expressways you do 120 kmph......

The trouble with we traders ( I am no exception) is we expect to do 60 kmph when the road is giving us 15...and we feel sad that we are not doing well....and we expect to do 60 when the road is good for 120 and we feel a false sense of satisfaction that " we are doing great". And we either get overaggressive or overconfident.

Needless to say that we will reach our destination if we dont have a serious accident anywhere on the way....and accidents can happen on Expressways, normal roads or even slow traffic roads. We have to make sure that we follow all safety precautions on all stretches to avoid any serious accidents.....minor body dents are part of driving/taking the car out on roads (body dents = money we loose on stoplosses)....

So just avoid the serious accidents and getting trapped in traffic jams perpetually and make sure that dents dont make the car body out of shape and we will be home sooner or later.

Smart_trade
 

jassinko

Well-Known Member
Travelled all along with NIFTY for past three days including today and standing exactly where started in terms of ledger balance ....
me too...wat earned in 2 days....loss today...

any news why we fall down so heavily??
 
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