Playing since 2005 lost 13+3 lakhs

[JackPotter]

Re: Playing since 2005 lost 13+3 lacks

^^ You may also consider [thread=45967]Zerodha[/thread].

 

[ranger123]

Re: Playing since 2005 lost 13+3 lacks

Rangers,
Do accept your genuine concern. Sorry for some long reply, But let me tell something.
1) I do not follow any technical system and thats why I used to term my trading as gambling. I think it is not required to use techincle system to call it trading. You can be a trader without or less using TA also. So your meaing of trading is wrong. You can gamble using TA also and be a trader without TA.
2) When it is true that 95% trader fails ultimately, I do opt gambling in Options. Blindly buying and selling options. (As always gambling has 50% chance to win) If what you think is right than also you will not make any money because you will make money half time and half time you will loose so you will be there only. Also note that if you lose 50% in one trades than you has to earn 100% in the next trade so you will brakeeven.
3) So the only system which I am following is tight money control. Tight money control does not lead to profit it leads to less loss, and all less loss total to big loss, if you think only MM will help you earning money
For example if I gain a profit of 1k means it shall be understood that the money exposed to get that is not more than 10 to 15k which is nothing but of 2.5% of total money in cash to trade. In fact it is only 1.25% of total money I can access from bank through this trading account.
4) This thread is to keep track of the gambling performance which I started on 9th Oct. In case if I failed to recover all losses and the loss start increasing beyond 1600k, I do need to stop this gambling and to find other way ( technical trading ) to recover the losses or to forget all the losses and go for investing ultimately. Hope you do not make more loss, but in trading hope is the last thing to trusting on
5) If you feel some sort of inconvenience by this thread by any means please be frank to advise so that I will stop this thread or you can advice for some tweaking if possible. If no inconvenience means you can be kind enough to ignore this thread and have a glance in a month if interested. (Your reply required in this regard) You notice that I do not postings on this thread more, but only a reader only when I think I put this postings else I am just a reader.
6) Please refer post #80, Page # 8 of this thread for further clarity. I has read this thread from starting only and visiting it also some times.
7) One interesting point is for oct 20860rs and for Nov 41420rs (received yesterday as option incentives from broker) are not accounted here and I just wondering why I shall not continue to increase this incentive by increasing the volume.
8) one more interesting point is I am doing all these gambling in our great ICICI who use to loot with more brokerage but then I dont have other alternative since I need to submit some document to sharekhan to allow me to access F&O section, further this Odin /angel web is also extreme slow here . I hope I can correct these when I am in India next time.

Best regards

Stock72 friend, I has replied in bold. Hope you get some meaning in what I think on your postings and other fellows replies.

Thank you and best of luck.

 

[JackPotter]

Re: Playing since 2005 lost 13+3 lacks

Stock72 friend, I has replied in bold. Hope you get some meaning in what I think on your postings and other fellows replies.

Thank you and best of luck.

I strongly agree with your second point. Gambling everyday has never made anyone rich. However, there are those 5% traders who are consistently making profit because of their hard work over the years. 95% are losing cuz they are still learning or relatively new to the market. Also, what you said about the break-even thing is very true and shouldn't be ignored.

 

[superman]

Re: Playing since 2005 lost 13+3 lacks

Rangers,
Do accept your genuine concern. Sorry for some long reply, But let me tell something.
1) I do not follow any technical system and that’s why I used to term my trading as gambling.
2) When it is true that 95% trader fails ultimately, I do opt gambling in Options. Blindly buying and selling options. (As always gambling has 50% chance to win)
3) So the only system which I am following is tight money control.
For example if I gain a profit of 1k means it shall be understood that the money exposed to get that is not more than 10 to 15k which is nothing but of 2.5% of total money in cash to trade. In fact it is only 1.25% of total money I can access from bank through this trading account.
4) This thread is to keep track of the gambling performance which I started on 9th Oct. In case if I failed to recover all losses and the loss start increasing beyond 1600k, I do need to stop this gambling and to find other way ( technical trading ) to recover the losses or to forget all the losses and go for investing ultimately.
5) If you feel some sort of inconvenience by this thread by any means please be frank to advise so that I will stop this thread or you can advice for some tweaking if possible. If no inconvenience means you can be kind enough to ignore this thread and have a glance in a month if interested. (Your reply required in this regard)
6) Please refer post #80, Page # 8 of this thread for further clarity.
7) One interesting point is for oct 20860rs and for Nov 41420rs (received yesterday as option incentives from broker) are not accounted here and I just wondering why I shall not continue to increase this incentive by increasing the volume.
8) one more interesting point is I am doing all these gambling in our great ICICI who use to loot with more brokerage but then I don’t have other alternative since I need to submit some document to sharekhan to allow me to access F&O section, further this Odin /angel web is also extreme slow here . I hope I can correct these when I am in India next time.

Best regards

Oh god ..
Some people have so much money to loose and dont know the value of money..
Really even if there is no technical analysis at-least have some good predefined plan and good money management

If your same ruthless approach towards trading continues, you have to rename the thread as "Playing since 2005 lost 20+ lacks" within next 2-3 years

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

Dear ranger,itsmemad, superman,

Really thankful to all your advise and concern. Kindly refer the post 200 page 20.
As of week 9 I am still in positive of 50+K .Let me continue this gambling until I reach again the cumulative loss of 1600k. Then let me put a stop to this and look for other alternative. till then bye.

take care
regards
Note : this is for supper man,
Sorry to say you are wrong. I know very well the value of money. Once in mumbai ( in the year 2000) I was left to starving for 5 days because dont have a single rupee that time.
And ofcourse this 1600k is nothing but five month salary now.
take care
regards

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

03-12-2010 Gambling PROFIT 1K . so number now -1548+1=-1547k
regards
Note: 6 lots of PE opened on 01/12 yet to close. may be by next week.

06-12-2010 Gambling PROFIT 1K . so number now -1547+1=-1546k
regards
Note: 6 lots of PE opened on 01/12 will be closed by this week .

 

[rrmhatre72]

Re: Playing since 2005 lost 13+3 lacks

Usually icici deduct the brokerage for options 95 rs per lot per leg. And some small amount( 15 rs per lot ) if we are closing the same leg in the same day ( intra day )
. At end of every month they are returning back some amount of the brokerages as option incentives. Let me check the exact calculation how they arriving this and update here.

Contrary we shall be more beneficial if we are using angel broking I think as I already has a brokerage plan of 40rs per lot per leg by paying 10000 rs as an advance payment towards brokerage. But as per me (with the give ISP provider etc ) Angel broking is much slower than ICICI!!!!!.

Yes.... ICICI has brokerage from Rs 95/leg to Rs 65/leg based on volume....
In a month all trades are charged with Rs 95/leg.... At the month end .... ICICI calculate volume done by any trader & they apply rate of brokerage based on volume slab.... Accordingly refund is given by them to trader....

I have got it few times... But I realize that still it is costly... So now moved to RKG.... Now its much cheaper.... But understood that now Zerodha is cheapest among all brokers....

 

[rrmhatre72]

Re: Playing since 2005 lost 13+3 lacks

Dear ranger,itsmemad, superman,

Really thankful to all your advise and concern. Kindly refer the post 200 page 20.
As of week 9 I am still in positive of 50+K .Let me continue this gambling until I reach again the cumulative loss of 1600k. Then let me put a stop to this and look for other alternative. till then bye.

take care
regards
Note : this is for supper man,
Sorry to say you are wrong. I know very well the value of money. Once in mumbai ( in the year 2000) I was left to starving for 5 days because dont have a single rupee that time.
And ofcourse this 1600k is nothing but five month salary now.
take care
regards

hey man... you must write book.... it will be inspiring.....from zero to.....

 

[alroyraj]

Re: Playing since 2005 lost 13+3 lacks

Rangers,
Do accept your genuine concern. Sorry for some long reply, But let me tell something.
1) I do not follow any technical system and thats why I used to term my trading as gambling.
2) When it is true that 95% trader fails ultimately, I do opt gambling in Options. Blindly buying and selling options. (As always gambling has 50% chance to win)
3) So the only system which I am following is tight money control.
For example if I gain a profit of 1k means it shall be understood that the money exposed to get that is not more than 10 to 15k which is nothing but of 2.5% of total money in cash to trade. In fact it is only 1.25% of total money I can access from bank through this trading account.
4) This thread is to keep track of the gambling performance which I started on 9th Oct. In case if I failed to recover all losses and the loss start increasing beyond 1600k, I do need to stop this gambling and to find other way ( technical trading ) to recover the losses or to forget all the losses and go for investing ultimately.
5) If you feel some sort of inconvenience by this thread by any means please be frank to advise so that I will stop this thread or you can advice for some tweaking if possible. If no inconvenience means you can be kind enough to ignore this thread and have a glance in a month if interested. (Your reply required in this regard)
6) Please refer post #80, Page # 8 of this thread for further clarity.
7) One interesting point is for oct 20860rs and for Nov 41420rs (received yesterday as option incentives from broker) are not accounted here and I just wondering why I shall not continue to increase this incentive by increasing the volume.
8) one more interesting point is I am doing all these gambling in our great ICICI who use to loot with more brokerage but then I dont have other alternative since I need to submit some document to sharekhan to allow me to access F&O section, further this Odin /angel web is also extreme slow here . I hope I can correct these when I am in India next time.

Best regards

You need only 1 year bank statement for FnO.

 

[anayash]

Re: Playing since 2005 lost 13+3 lacks

You need only 1 year bank statement for FnO.

Not 1 year...six months!