Playing since 2005 lost 13+3 lakhs
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Re: Playing since 2005 lost 13+3 lacks
1. The market is what it is, the first step is to accept this. Trading isn't about re-inventing the wheel, or trying to find a method that no one else has thought of yet...... the market is just people buying and selling, nothing more, nothing less. Once you accept this, then you can start to find your place within that reality.
2. You never want to be the first to buy, and you never want to be the first to sell. Consistent profits lay within that bit in the middle.
3. You're going to have losers. This is as definate as we're all gonna die some day, and taxes. You can't win a game of chess without losing a few pieces, it's all apart of the game. Us professional traders just make more than what we lose.
4. Patience is key.... You've heard the saying that good things come to those who wait. Never has it been so true than in the trading world. Never chase the market, always let it come to you. The opportunity to trade will be clear as day light when they present themselves.
5. Be flexible.... No two days are the same, so make sure you adapt to the market. The market is dynamic and is always your boss. Never underestimate it by being ignorant towards it.
6. Always keep your chin up.... when the going gets tough, and at some point it will, always keep your chin up and always look forward. When you're on top, it never seems like it's enough, when you're down, you never think you're gonna get back on top again. Always remember life goes on, and for every day that it rains, there's a day where the sun shines and heaven doesn't seem far away. The only thing that separates the person who makes it, and the person who doesn't, is who wants it bad enough. Nothing else...
__________________
1. The market is what it is, the first step is to accept this. Trading isn't about re-inventing the wheel, or trying to find a method that no one else has thought of yet...... the market is just people buying and selling, nothing more, nothing less. Once you accept this, then you can start to find your place within that reality.
2. You never want to be the first to buy, and you never want to be the first to sell. Consistent profits lay within that bit in the middle.
3. You're going to have losers. This is as definate as we're all gonna die some day, and taxes. You can't win a game of chess without losing a few pieces, it's all apart of the game. Us professional traders just make more than what we lose.
4. Patience is key.... You've heard the saying that good things come to those who wait. Never has it been so true than in the trading world. Never chase the market, always let it come to you. The opportunity to trade will be clear as day light when they present themselves.
5. Be flexible.... No two days are the same, so make sure you adapt to the market. The market is dynamic and is always your boss. Never underestimate it by being ignorant towards it.
6. Always keep your chin up.... when the going gets tough, and at some point it will, always keep your chin up and always look forward. When you're on top, it never seems like it's enough, when you're down, you never think you're gonna get back on top again. Always remember life goes on, and for every day that it rains, there's a day where the sun shines and heaven doesn't seem far away. The only thing that separates the person who makes it, and the person who doesn't, is who wants it bad enough. Nothing else...
__________________
Re: Playing since 2005 lost 13+3 lacks
In The last two weeks I am approaching the market in different gambling method in which I got 22K . out fo total 10 market days - 6 days gambling end up in positive + 1 day negative + 3 days non gambling days. let me record for comming weeks and see how the system working.
In The last two weeks I am approaching the market in different gambling method in which I got 22K . out fo total 10 market days - 6 days gambling end up in positive + 1 day negative + 3 days non gambling days. let me record for comming weeks and see how the system working.
Re: Playing since 2005 lost 13+3 lacks
Sorry, I have to say some thing here for you to understand my position.
1) Around 2005 I started trading (with out knowing anything and still know nothing about trading). That time even I bought loan in ICICI 150k and just lost in a week in market.
2) From 2005 when ever I have money I used to sell or buy some thing and almost end up in loss. Started options around 2008 and start loosing there also.
3) Came to know traderji couple of months ago and came to know what I am doing in market is completely wrong .Many people here are using some sort of charts and analysis etc. believe me I came to know abut candle stick chart etc just three months before .
4) At 9th October 2010 my total loss is 16 lakhs.
5) on 9th October I started gambling and so far gained 32 k and now my loss is at 1568k.
6) You may call me as insane person. Nevertheless I have some sort of boldness to withstand any adversity at any given time. But I am doing well in my job and hence these 16lacks is nothing but my 5 months salary now. But in worst terms it is almost 25% of my total wealth. As I am loosing from 2005 I think this 16 lakhs should be more in valve if I account on interest etc.
7) Conclusion. I dont know your risk taking ability. So pls wait. Let me work to my level to clear up this mesh or let me burst and get out from the market.
8) For the sake of forum user I am going to be true and going to update daily what is happening here.
9) In case If I won I will organize a small party for the friends here in Mumbai or will donate 100k to traderji.( But I am having a lot of doubt that I will win in this .)
until bye
Sorry, I have to say some thing here for you to understand my position.
1) Around 2005 I started trading (with out knowing anything and still know nothing about trading). That time even I bought loan in ICICI 150k and just lost in a week in market.
2) From 2005 when ever I have money I used to sell or buy some thing and almost end up in loss. Started options around 2008 and start loosing there also.
3) Came to know traderji couple of months ago and came to know what I am doing in market is completely wrong .Many people here are using some sort of charts and analysis etc. believe me I came to know abut candle stick chart etc just three months before .
4) At 9th October 2010 my total loss is 16 lakhs.
5) on 9th October I started gambling and so far gained 32 k and now my loss is at 1568k.
6) You may call me as insane person. Nevertheless I have some sort of boldness to withstand any adversity at any given time. But I am doing well in my job and hence these 16lacks is nothing but my 5 months salary now. But in worst terms it is almost 25% of my total wealth. As I am loosing from 2005 I think this 16 lakhs should be more in valve if I account on interest etc.
7) Conclusion. I dont know your risk taking ability. So pls wait. Let me work to my level to clear up this mesh or let me burst and get out from the market.
8) For the sake of forum user I am going to be true and going to update daily what is happening here.
9) In case If I won I will organize a small party for the friends here in Mumbai or will donate 100k to traderji.( But I am having a lot of doubt that I will win in this .)
until bye
Re: Playing since 2005 lost 13+3 lacks
I have more confidence in you & know for sure that you will lick your losses much before your estimated year/month.
I know the above statement will definitely raise some eyebrows... but I see something....that perhaps others will notice it much later....
Happy & Safer Trading
SavantGarde
I have more confidence in you & know for sure that you will lick your losses much before your estimated year/month.
I know the above statement will definitely raise some eyebrows... but I see something....that perhaps others will notice it much later....
Happy & Safer Trading
SavantGarde
Re: Playing since 2005 lost 13+3 lacks
..................................
All of us know your strong predictabilty,but i must respect u for ur excellent compilation on world finance.........most imp u have rare commonsense.
Regards
as usual from oilman
I have more confidence in you & know for sure that you will lick your losses much before your estimated year/month.
I know the above statement will definitely raise some eyebrows... but I see something....that perhaps others will notice it much later....
Happy & Safer Trading
SavantGarde
I know the above statement will definitely raise some eyebrows... but I see something....that perhaps others will notice it much later....
Happy & Safer Trading
SavantGarde
All of us know your strong predictabilty,but i must respect u for ur excellent compilation on world finance.........most imp u have rare commonsense.
Regards
as usual from oilman
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