Playing since 2005 lost 13+3 lakhs

[stock72]

Dear friend

Hope you will succeed this time. Since I am not an able trader No advice.

Thanks

I hope so... infact ealier also sucess on its way which myself blocked by voilating my money management rules....

this time appointed my friend who will police the rules as he is going to get some percentage of loss also....

 

[MurAtt]

GAMBLING PART II
Succumbed to addiction -Gambling restarted with a fresh capitial of 400k .
17/1/2011= 400+1k=401k.
regards
@Tnsn2345,
This does not mean that I am deviating from my promise of saying "Good bye to trading".Surely My ultimate aim is to leave trading/gambling. .... How ??????

Get yourself straight first .... u want to leave Trading or Gambling or Both ?

If you have the knowledge then trading is not gambling.
If you are devoid of trading knowledge then ok cool ...

 

[stock72]

Get yourself straight first .... u want to leave Trading or Gambling or Both ?

If you have the knowledge then trading is not gambling.
If you are devoid of trading knowledge then ok cool ...

SM ,

please clarfiy .
1) 95% traders are lossing ? yes or no ?
2) gambling have 50% chance to win ?

 

[sumosanammain]

Another 4 lakhs.......

And after that?

 

[Sultaan]

Another 4 lakhs.......

And after that?

another 4, gamblers can never quit :annoyed:

 

[murthymsr]

....................
1) 95% traders are lossing ? yes or no ?

Nearly true. This is because the demand for knowledge for trading is more and the supply is less.

2) gambling have 50% chance to win ?

Again, nearly true. This is because the demand for knowledge is less and the supply is adequate.

Trading without knowledge may be called gambling which 95% of the so called traders do.

When (It never happens, because of entry of new comers with less knowledge in anticipation of quick riches) all becomes knowledgeable, some of them adopt to new methods/systems to maintain the knowledge gradient and the winners to losers ratio balance is again restored.

All the best.
murthymsr

 

[JackPotter]

SM ,

please clarfiy .
1) 95% traders are lossing ? yes or no ?
2) gambling have 50% chance to win ?

Another point to consider would be that "how much those traders are losing when compared to the losing gamblers?"

Is it possible that a trader following couple of systems with his technical/fundamental knowledge may lose less amount than a gambler who follows his emotions without any technical/fundamental knowledge?

I believe that it is an important point to ponder upon. As when we lose less and protect our capital, we always have a chance to make a come back. The longer you stay in the game, the more is your chance to win. Isn't it?

 

[TraderRavi]

SM ,

please clarfiy .
1) 95% traders are lossing ? yes or no ?
2) gambling have 50% chance to win ?

1) 90 % traders lose money is correct.... but how many traders, following any system lose, must be at least 50 % chance of success....So chances improved if traders imploy any system rather than random entry/exit aka gambling....

2) gambling have 50% chance to win ?....not true IMO because trading is not about 50 : 50....if that was true, 95% people did not lose in the first place....IF you gained one day 1000 then you will get around say 900 after charges....next day if you lose 1000 then you have to pay 1100 after charges...so even after equal gain- loss, you are already down by 200........so its not 50 : 50......otherwise how can I be down by few lakhs....

 

[stock72]

Nearly true. This is because the demand for knowledge for trading is more and the supply is less.



Again, nearly true. This is because the demand for knowledge is less and the supply is adequate.

Trading without knowledge may be called gambling which 95% of the so called traders do.

When (It never happens, because of entry of new comers with less knowledge in anticipation of quick riches) all becomes knowledgeable, some of them adopt to new methods/systems to maintain the knowledge gradient and the winners to losers ratio balance is again restored.
All the best.
murthymsr

Boss,

Great reply .....
will analysis and get a suitable trading system for me ... and seek guidance to tweek the same ....

 

[stock72]

Friends,

Need a help.

I am trying with manish RT.

Meanwhile any one can help to get live options data chart. better to get those data in excel ? even paid service also ok. please help