Playing since 2005 lost 13+3 lakhs

[stock72]

Re: Playing since 2005 lost 13+3 lacks

Not able to get rid of yesterday's position. today gambling gone in lost of 32k.
so sadly the number is now -1562-32=1594k .

Today's gambling gave me 3k . so the number now is -1594+3=-1591k.
this week gambling gave +8+30-32+3=9k .
At this rate I can be recover all my losses by 2/mar/2014 ( ?!)

 

[columbus]

Re: Playing since 2005 lost 13+3 lacks

Today's gambling gave me 3k . so the number now is -1594+3=-1591k.
this week gambling gave +8+30-32+3=9k .
At this rate I can be recover all my losses by 2/mar/2014 ( ?!)

Gamblers will always LOSE,but Traders/Investors will not.

 

[gvgs98]

Re: Playing since 2005 lost 13+3 lacks

Dream on my friend!

Rather than making count of losses vs profits, try to concentrate on the number of right decisions you made so far in this market. Once you learn making decisions perfectly (no one is perfect!!!), you will be laughing all the times.

HTH

Today's gambling gave me 3k . so the number now is -1594+3=-1591k.
this week gambling gave +8+30-32+3=9k .
At this rate I can be recover all my losses by 2/mar/2014 ( ?!)

 

[gvgs98]

Re: Playing since 2005 lost 13+3 lacks

well said, columbus!

It looks like you have invented another wonderful thing to us!!!! Good work.

Cheers

Gamblers will always LOSE,but Traders/Investors will not.

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

Dream on my friend!

Rather than making count of losses vs profits, try to concentrate on the number of right decisions you made so far in this market. Once you learn making decisions perfectly (no one is perfect!!!), you will be laughing all the times.

HTH

Thank you. Your views correct since the number of right decisions shall be more to have the final sum in positive. If I check last week's new gambling method it is 3 right and 1 wrong . let me record data in coming weeks and arrive a stabilized ratio on this to evaluate my dream. thanx once again.

 

[anuragmunjal]

Re: Playing since 2005 lost 13+3 lacks

Thank you. Your views correct since the number of right decisions shall be more to have the final sum in positive. If I check last week's new gambling method it is 3 right and 1 wrong . let me record data in coming weeks and arrive a stabilized ratio on this to evaluate my dream. thanx once again.

Dear friend
I would like to add my 2 cents here.
number of right decisions has no bearing on the final outcome if I am gambling. take two case scenarios:
1. a gambler makes 9/10 desicions right. he makes 10 rs. each on all the right desicions, but looses 100 rs. on one wrong desicion.his score would be in negative.
2. a gambler looses 10 rs. 9 times but makes 150 rs. on his 10th play,he would still be a winner.
I beleive that for a intelligent gambler being right on more number of occasions is not important,making money is.
the concentration should be more on to milk the trades where u are right to the maximum.

regards

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

Dear friend
I would like to add my 2 cents here.
number of right decisions has no bearing on the final outcome if I am gambling. take two case scenarios:
1. a gambler makes 9/10 desicions right. he makes 10 rs. each on all the right desicions, but looses 100 rs. on one wrong desicion.his score would be in negative.
2. a gambler looses 10 rs. 9 times but makes 150 rs. on his 10th play,he would still be a winner.
I beleive that for a intelligent gambler being right on more number of occasions is not important,making money is.
the concentration should be more on to milk the trades where u are right to the maximum.

regards

I think you mean to say gamble with a plan. ( a strick stop loss and money mangement ) it seems both trading and gambling seems same ?!

 

[anuragmunjal]

Re: Playing since 2005 lost 13+3 lacks

I think you mean to say gamble with a plan. ( a strick stop loss and money mangement ) it seems both trading and gambling seems same ?!

hi.

If u are not a long term investor, there is not much of a difference between trading and gambling.(as it is intraday trading or futures trading is a zero sum or rather a minus sum game).
but then there are good traders and good gamblers, and there are bad traders and bad gamblers.

regards

 

[stock72]

Re: Playing since 2005 lost 13+3 lacks

hi.

If u are not a long term investor, there is not much of a difference between trading and gambling.(as it is intraday trading or futures trading is a zero sum or rather a minus sum game).
but then there are good traders and good gamblers, and there are bad traders and bad gamblers.

regards

It seems You are correct . Traders and gamblers are nearly same except traders are follwoing some sort of TA/FA Where as gamblers are simply speculating. I think it is better to be a gambler than following inferior Trading system .anyway thank you.
regards

 

[suresh_h777]

Re: Playing since 2005 lost 13+3 lacks

thanks for add me as a new member of family. pl provide me idia / books to improve my trading