Playing since 2005 lost 13+3 lakhs

[columbus]

Re: Playing since 2005 lost 13+3 lacks

23-11-2010 Gambling loss 30k . so number now -1523-30=-1553k
regards
Note: Greed put me in trouble. At onepoint i was down 324k and square off with 30k loss only to see the same position was up to 140k . I think if I play like this I will die quickly before recovering my loss due to stress ... im ?! let me tweak again .....

HEY, thanks and cool. dont worry. I JUST kidding .this will not give any jolt to me ..

regards

Typically a wise trader never invests more than 10~25% of available funds.
He is no hurry because markets are there forever.

 

[JackPotter]

Re: Playing since 2005 lost 13+3 lacks

If it is really gambling, we'll see a thread Lost 13 + 3 + 3 soon. Gambling hardly takes anyone far. I suggest all of you to read "The intelligent investor" by Benjamin Graham. The book restrains us from performing random trades. Just like we follow some good points from our holy scriptures, we minimize the wrongdoings in our life. If we follow only 1/10th of the book, we'll have more patience and less fear.

@ Stock72: I hope that you will take the criticism positively. I'm glad that you're sharing your results on the forum. Please don't mind as I'm only trying to share my opinion and whatever little knowledge I've with the members. I'll discourage members from gambling even if you recover your losses. Good luck.

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

If it is really gambling, we'll see a thread Lost 13 + 3 + 3 soon. Gambling hardly takes anyone far. I suggest all of you to read "The intelligent investor" by Benjamin Graham. The book restrains us from performing random trades. Just like we follow some good points from our holy scriptures, we minimize the wrongdoings in our life. If we follow only 1/10th of the book, we'll have more patience and less fear.

@ Stock72: I hope that you will take the criticism positively. I'm glad that you're sharing your results on the forum. Please don't mind as I'm only trying to share my opinion and whatever little knowledge I've with the members. I'll discourage members from gambling even if you recover your losses. Good luck.

You are exactly correct. There is every chance for this number to grow like 13+3+3 ...as the result will be same if we do trading also since 95% of traders do fails as per majority stock experts. But then I do not find major difference from gambling than trading provided you have very strong financial planning. But really I dont have much knowledge to say anything about trading or even gambling. Cool. Will take every comment from you and for that matter from any one here in positive way always .take care.
Regards

 

[anuragmunjal]

Re: Playing since 2005 lost 13+3 lacks

23-11-2010 Gambling loss 30k . so number now -1523-30=-1553k
regards
Note: Greed put me in trouble. At onepoint i was down 324k and square off with 30k loss only to see the same position was up to 140k . I think if I play like this I will die quickly before recovering my loss due to stress ... im ?! let me tweak again .....

Dear Friend

u are wrong there..... It was not 'greed' that put u in trouble here but 'fear'.


regards

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

Dear Friend

u are wrong there..... It was not 'greed' that put u in trouble here but 'fear'.


regards

Sorry for posting things here without giving proper clue. it was greed which made to enter too early in the gambling today before the fall and starts troubling me until i windup my position .

 

[ranger123]

Re: Playing since 2005 lost 13+3 lacks

Hi ,
Thanks for your concern. I dont want to defend myself as I know I cannot since I dont follow any technical system and my portfolio still in deep red. But would like to assure that I do follow a definite pattern of exit and entry which purely derived by the level of risk I can take . Now I have one negative and one positive point .
1) negative point is Some time I falling prey to greed and fear. I hope I will overcome with in a week these two thing. (A week ??? Fellows spend years and some fellows whole life and still could not contol it)
2) positive thing - form oct 9th - the starting date of my gambling - out 0f 30 days of trading - 20 days positive , 5 days negative and 5 days no trade. means winning chances seems to good . is init ? need your comment/advise here . (Fellows - including me who has lost all trading capital is because of one or two wrong trade. So your calculation on chances does not applicable to trading business)
3) For sure I am not here to entertain since one thing will going to happen. Either I will emerge out as a good gambler will all my money back in pocket else will exit market once for all. (A gambler never wins, fellows like watching performance but they do not follow his style, so they get entertainment and learn from this thing that gambling is not good)
4) Really felt pleasured as some guys are in traderji having a great concern on me that too on some days like today (Thank you and best luck)
regards

I has replied in bold letters above.

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

I has replied in bold letters above.

Sorry for hitting you back for your post #178. please refer post # 175 . my whole point is when 95% traders fails why we should not gamble where atleast we have 50% chance. i feel the key is financial plaining.
any way let me work for a while and for sure will change myself if gambling seems so damaging for my wealth and health.
regards

 

[alroyraj]

Re: Playing since 2005 lost 13+3 lacks

You are exactly correct. There is every chance for this number to grow like 13+3+3 ...as the result will be same if we do trading also since 95% of traders do fails as per majority stock experts. But then I do not find major difference from gambling than trading provided you have very strong financial planning. But really I dont have much knowledge to say anything about trading or even gambling. Cool. Will take every comment from you and for that matter from any one here in positive way always .take care.
Regards

it is true that some seniors mention that even with a 50% chance system can yield profits if followed with strict money mgmt. I think you use a trend following system and/or trend reversal type of trades. These last two days had the latter type which is high risk high reward.
Only thing is after a major win decrease risk by having lower positions since one tends to enter with lesser caution after a big win.

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

it is true that some seniors mention that even with a 50% chance system can yield profits if followed with strict money mgmt. I think you use a trend following system and/or trend reversal type of trades. These last two days had the latter type which is high risk high reward.
Only thing is after a major win decrease risk by having lower positions since one tends to enter with lesser caution after a big win.

Your comments are sensible. I think I am following trend reversal and Thanks so that i will increase caution once have good win.
please keep me posted your guidance .
regards

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

23-11-2010 Gambling loss 30k . so number now -1523-30=-1553k
regards
Note: Greed put me in trouble. At onepoint i was down 324k and square off with 30k loss only to see the same position was up to 140k . I think if I play like this I will die quickly before recovering my loss due to stress ... im ?! let me tweak again .....

24-11-2010 Gambling profit 2k . so number now -1553+2=-1551k
regards
Note: 1) Due to yesterday experience applied some brake .
2) Need to learn to allow the profit to run.