Playing since 2005 lost 13+3 lakhs

[ranger123]

ranger,
thanks for your advise . but want to ask you y we should not guess and play ?

Why u thing the market will not completely revese it positiom tommorow and wull not resume the upware journey ? I now holding good amount ce in august too..

Hello Stock72 friend,

I get idea of the nifty index moment after I see the my chart and indicaters. The chart and indicaters keep change every time as differant thinks happan in the market, so I can has the idea of nifty index for shot time only. I not can gess the nifty for long time till epiry. So in the moning, I has idea that the nifty index will go up then I see the chart than I change my idea that it will be flat than I see the chart than I change my idea that it will fell. So I has to keep the change my idea of nifty index moment on how the chart grows and what differant indeicaters give detail to me. So I saying that you not should gess the nifyt index for expiery day. You has to keep the changing your idea as the market keeps moving in differant way.

I no that you say that you are not do the trading but you do the gamling. You now can see the result that how you has doing in the gambling, you are in profit or in the lose.

For my trading thing after I has stop to show my trades in the live way here on teh TJ, I has go in the profit of 5 - 8 rupees for 6 to 8 lots of nifty index now. I thinking that becasue I post my trades I not able to focas on my trading so I made me sad because of the loes I had in the two before weeks.

Thank you and best of luck.

 

[ranger123]

stock72 : guess what ? you can donate all your money to some charity every month instead of transferring the money to some stranger's account.

I have sincere suggestion for you.

1) Stop all your Trading this week.
2) Study the market for next 6-8 months as if you are preparing for your Board Exam.
3) Then start trading very patiently and see how you for 3 months.
4) If you feel comfortable/confident in your trades continue otherwise go to step 1.

-Irfan

Hello Irfan,

What you has say in your posting is not the learning thing for trading, I think. Trading is learnt by the expeiroence and experieonce is get by lose the money so we learnt what not to do and this thing go for long time.

We not learnt by stay out of market for 6 months and study. Like this if you do you will not able to place any order after 6 months becasue you will then be afrait of the lose. So not to go out of the market for big time, but small the order quanity and do less of risky porduct like options and change to futures so the lose can be less than options lost. Like this we can learnt how to change and try to get in to profits.

What you has say like this the trader will do step 1 and than the step 4 and then the step 1 and step 4. Like this all the time. So when he do the real trading. It will be never. Has you do like this in your trading carrier. If you saying is yes, than I think you are not doing real trading at all.

Thank you.

 

[stock72]

Hello Stock72 friend,

I get idea of the nifty index moment after I see the my chart and indicaters. The chart and indicaters keep change every time as differant thinks happan in the market, so I can has the idea of nifty index for shot time only. I not can gess the nifty for long time till epiry. So in the moning, I has idea that the nifty index will go up then I see the chart than I change my idea that it will be flat than I see the chart than I change my idea that it will fell. So I has to keep the change my idea of nifty index moment on how the chart grows and what differant indeicaters give detail to me. So I saying that you not should gess the nifyt index for expiery day. You has to keep the changing your idea as the market keeps moving in differant way.

I no that you say that you are not do the trading but you do the gamling. You now can see the result that how you has doing in the gambling, you are in profit or in the lose.

For my trading thing after I has stop to show my trades in the live way here on teh TJ, I has go in the profit of 5 - 8 rupees for 6 to 8 lots of nifty index now. I thinking that becasue I post my trades I not able to focas on my trading so I made me sad because of the loes I had in the two before weeks.
Thank you and best of luck.

On the first look the above statement looks like having no meaning. IMO indeed it have the best meaning. Yes, on disclosing a trade you are bound to bind to some extend to that disclosure though the situation wants you to act otherwise. Lot of phases need to be crossed to reach what? Where... Time and market will answer....

 

[ranger123]

On the first look the above statement looks like having no meaning. IMO indeed it have the best meaning. Yes, on disclosing a trade you are bound to bind to some extend to that disclosure though the situation wants you to act otherwise. Lot of phases need to be crossed to reach what? Where... Time and market will answer....

So you also try like what I do. No need to tell what you is doing with your trading. You do not has to tell if you has buy CE or the PE. You come here to learnt new things and get new ideas. But if you positng your trades than every one will come and give your there ideas (me also) so you will get confus and will not like to change your trade if it go in lose.

So think like this about if to posting what you are doing or not posting it and doinging salient trading alone.

Thank you.

 

[4xpipcounter]

Ranger, you've made many good points in this post, as well as the others.
I got one question. If someone has not learned to trade or has proven to be a winner consistently, do you not think it would be better to demo trade rather than risk money on a live account? A demo has the same simulation without using real money.

Hello Irfan,

What you has say in your posting is not the learning thing for trading, I think. Trading is learnt by the expeiroence and experieonce is get by lose the money so we learnt what not to do and this thing go for long time.

We not learnt by stay out of market for 6 months and study. Like this if you do you will not able to place any order after 6 months becasue you will then be afrait of the lose. So not to go out of the market for big time, but small the order quanity and do less of risky porduct like options and change to futures so the lose can be less than options lost. Like this we can learnt how to change and try to get in to profits.

What you has say like this the trader will do step 1 and than the step 4 and then the step 1 and step 4. Like this all the time. So when he do the real trading. It will be never. Has you do like this in your trading carrier. If you saying is yes, than I think you are not doing real trading at all.

Thank you.

 

[CASPER]

Ranger, you've made many good points in this post, as well as the others.
I got one question. If someone has not learned to trade or has proven to be a winner consistently, do you not think it would be better to demo trade rather than risk money on a live account? A demo has the same simulation without using real money.

There is a "LOT" of difference in Demo trade and trading with Live account ..., In Layman terms this is how "I" see it ...,

We Notice In All major Buildings regularly the Security Guards perform Fire Drill ..., All the Staff On Various floors are guided HOW to evacuate when there is Fire etc etc etc ...And the Fire Drill is COMPLETED SUCCESSFULLY ...., Well When there is actual Fire does ALL THE RULES that was practiced applied succesfully during the Fire Drill enforced to ensure safety of ALL and ensure ALL are evacuated Safely ? Is it more or less Similar to the Fire Drills Conducted earlier ...?

So whats different NOW ..., There is ACTUAL FIRE and there is "PANIC" ...Bcoz Real Money is Involved NOW

Thats the difference atleast I have seen in DEMO trading and LIVE trading.

NB

 

[4xpipcounter]

Right, but my reasoning does not apply to your analogy.
The reason they make demo accounts is to learn a methodology. I started trading 7 years ago. Over time, this has evolved into my only job. Part of my success comes from copious amounts of screen time in developing a methodology and money management skills that go with it. There is no telling how much money I would have lost if it was not for the benefit of a demo account to learn to trade properly. While in the learning process, it is better to lose demo dollars than real dollars. The op has already said he lost 13+3 lakhs since 2005. Would it not have been better to lose it on a demo account until he learned to trade?

There is a "LOT" of difference in Demo trade and trading with Live account ..., In Layman terms this is how "I" see it ...,

We Notice In All major Buildings regularly the Security Guards perform Fire Drill ..., All the Staff On Various floors are guided HOW to evacuate when there is Fire etc etc etc ...And the Fire Drill is COMPLETED SUCCESSFULLY ...., Well When there is actual Fire does ALL THE RULES that was practiced applied succesfully during the Fire Drill enforced to ensure safety of ALL and ensure ALL are evacuated Safely ? Is it more or less Similar to the Fire Drills Conducted earlier ...?

So whats different NOW ..., There is ACTUAL FIRE and there is "PANIC" ...Bcoz Real Money is Involved NOW

Thats the difference atleast I have seen in DEMO trading and LIVE trading.

NB

 

[timepass]

As the saying goes, "Fortune Favors The Better Prepared".

 

[4xpipcounter]

And so you might as well be prepared.

As the saying goes, "Fortune Favors The Better Prepared".

 

[TraderRavi]

Market will not look back until it reach 5900 -IMO

this expiry you are way of the mark...........