Priyanvada's chit chat home ...
- Thread starter priyanvada
- Start date
Actually I have heard that
1. With sharekhan I can hold the shares for 5 days with 4 times the margine amount than my invested capital.
2.So now my plan was on monday buy some 10 shares showing uptrend and eye for 5 to 9% profit in 5 days with 1% of total investment as "Risk" to put a stoploss ... This way I have diversified my capital --- 4 times the capital --- so if I can make 4% of the overall margine then it will be 16% gain over my investment capital ...so say 15% excluding margine ... So it seems good Return in one week ... so why not this plan?
3. i am a weak girl in terms of emotions ... day trading fluctuations make ne paralized in place! ... I am not able to take emotionless decisions like a machine in a flashhhh!!!... so i thought it is better to take advantage of using 4 times of investment capital (sharekhan's margine) ... and bet it against trend with 1% risk in each stock
... Please correct me if I am wrong in my logic!
Thanks n regards,
priyanvada
1. With sharekhan I can hold the shares for 5 days with 4 times the margine amount than my invested capital.
2.So now my plan was on monday buy some 10 shares showing uptrend and eye for 5 to 9% profit in 5 days with 1% of total investment as "Risk" to put a stoploss ... This way I have diversified my capital --- 4 times the capital --- so if I can make 4% of the overall margine then it will be 16% gain over my investment capital ...so say 15% excluding margine ... So it seems good Return in one week ... so why not this plan?
3. i am a weak girl in terms of emotions ... day trading fluctuations make ne paralized in place! ... I am not able to take emotionless decisions like a machine in a flashhhh!!!... so i thought it is better to take advantage of using 4 times of investment capital (sharekhan's margine) ... and bet it against trend with 1% risk in each stock
... Please correct me if I am wrong in my logic!
Thanks n regards,
priyanvada
Actually I have heard that
1. With sharekhan I can hold the shares for 5 days with 4 times the margine amount than my invested capital.
2.So now my plan was on monday buy some 10 shares showing uptrend and eye for 5 to 9% profit in 5 days with 1% of total investment as "Risk" to put a stoploss ... This way I have diversified my capital --- 4 times the capital --- so if I can make 4% of the overall margine then it will be 16% gain over my investment capital ...so say 15% excluding margine ... So it seems good Return in one week ... so why not this plan?
3. i am a weak girl in terms of emotions ... day trading fluctuations make ne paralized in place! ... I am not able to take emotionless decisions like a machine in a flashhhh!!!... so i thought it is better to take advantage of using 4 times of investment capital (sharekhan's margine) ... and bet it against trend with 1% risk in each stock
... Please correct me if I am wrong in my logic!
Thanks n regards,
priyanvada
1. With sharekhan I can hold the shares for 5 days with 4 times the margine amount than my invested capital.
2.So now my plan was on monday buy some 10 shares showing uptrend and eye for 5 to 9% profit in 5 days with 1% of total investment as "Risk" to put a stoploss ... This way I have diversified my capital --- 4 times the capital --- so if I can make 4% of the overall margine then it will be 16% gain over my investment capital ...so say 15% excluding margine ... So it seems good Return in one week ... so why not this plan?
3. i am a weak girl in terms of emotions ... day trading fluctuations make ne paralized in place! ... I am not able to take emotionless decisions like a machine in a flashhhh!!!... so i thought it is better to take advantage of using 4 times of investment capital (sharekhan's margine) ... and bet it against trend with 1% risk in each stock
... Please correct me if I am wrong in my logic!
Thanks n regards,
priyanvada
you buy 10 shares . 1% of your capital is rs.50 (on 5k)- your stop loss.
for a stock like axis etc the stop loss is just 5rs (10shares).
Think again?
I have thought over and over again why people say 70% trading success depends on psychology ... it is such a straightforward thing to make a trade ... but now my thought goes such ==>.
A trade <== A trading decision <== strong mental thought/emotional impulse <== way to look at/make a meaning of things happening in front of you <== mental conditioning <== belief,trusts,habits,fear,gread, etc. etc.
My case is really a funny one ... well I accept that it really feels bad to lose money ... it feels sad to lose your energy everyday ... I am losing money consistently for one month now!!...So finally I have got some major reasons behind this outcome... One of them is my mental conditioning ...
... Please read following very carefully who are new in this field like me ...This may be happening with you too!...and knowing this may give you a control over it & may help you a huge to fix if something is going wrong consistently in your trading!.
I tell you/accept honestly that I / my brain does not accept any price that is falling continuously ... This is a gift of media/news/books...So The only price-time behaviour that has occupied my brain or that I believe is this ...
1. Figure 1: - Belief
... IT is really funny and strange but I only believe in this action!!!...Any other price-time behaviour I see, immediately make a meaning that something like a temporary illness is happening right now and final end is surely going to be "figure 1"!!!
2. Fugure 2: - Reality
The moment I see above picture in fig.no. 2 my brain quickly projects the sweet end as below...as if a villians sure end in a typical bollywood movie...
3. Figure 3: - Projected future from reality
... So funnily taking things granted as per my mental projection ... I immediately buy the stock and feel happy for my timely decision!!!
... But alassss it goes down further as per "Newtons first law of motion" and my brain keeps on modifying the projection by reattaching the figure 1 to the end of the falling price!!!!!
... So I am always sure about the price rebound throughout the day and suddenly day ends ,,, and i am in loss!!!... Again for so many days my brain was NOT ready to accept anything wrong with its belief structure ,,, it always blames on the illness of market for falling down the stock price!!!!
4. Figure 4: - And What when price is rising: -
... So when above price action happens I immediately get sad saying ohh I missed this lottery ... I was attending so many stocks so I missed this NORMAL Price-Time BEHAVIOUR ...I was so worried about illness of other stocks that I missed this normal and supposed behaviour of a price!!! ... So I interprete this incidence as "Unfortunate"!!! and never dare to buy that stock because it may faaaaaaaaall anytime!!!!.
hahaha...hohoho.....
......Ohh this is so funny but this IS THE TRUTH of my day trading so far ...
So you see...our action decides our trades ... our mental decision decide our action ... our mental makeup (belief, trusts,greed,fear etc.) decide our mental decision ... and a "consistant REAL experience" against our belief structure destroys it!! .. and then only we get WISE! ... If we are honest, this destruction of our "belief structure" will happen in less time ... and we will quickly learn to mold our mindset like a rubber with the trend we are seeing on the screen and make our mental image colinear/parallel with it... and will start taking decisions in the direction of trend, and not against it!!
... I have just posted this to make aware my collgues who are making consistent loss for quite some time!!
Because peoples say "Making consistant profit in stocks is not a joke" ... and priyanvada says in turn " making consistent loss in stocks is also not a joke!!!" ...
Just think while day trading had you taken your decisions exactly against your feelings you might have been making consistent profits!!
...although you may have felt really awakward for taking such decisions...So I think/hope you got my point here!
... Only thing is please remain AWARE all the time while taking a trading decision to WHAT EXCATLY is making you take that decision ... and you will know the SECRET!!
My God I write so much...So sorry for that...Please do correct me if I am wrong anywhere / everywhere because I am also same human being like you who makes consistent mistakes!!
regards,
priyanvada
A trade <== A trading decision <== strong mental thought/emotional impulse <== way to look at/make a meaning of things happening in front of you <== mental conditioning <== belief,trusts,habits,fear,gread, etc. etc.
My case is really a funny one ... well I accept that it really feels bad to lose money ... it feels sad to lose your energy everyday ... I am losing money consistently for one month now!!...So finally I have got some major reasons behind this outcome... One of them is my mental conditioning ...
... Please read following very carefully who are new in this field like me ...This may be happening with you too!...and knowing this may give you a control over it & may help you a huge to fix if something is going wrong consistently in your trading!.
I tell you/accept honestly that I / my brain does not accept any price that is falling continuously ... This is a gift of media/news/books...So The only price-time behaviour that has occupied my brain or that I believe is this ...
1. Figure 1: - Belief
... IT is really funny and strange but I only believe in this action!!!...Any other price-time behaviour I see, immediately make a meaning that something like a temporary illness is happening right now and final end is surely going to be "figure 1"!!!
2. Fugure 2: - Reality
The moment I see above picture in fig.no. 2 my brain quickly projects the sweet end as below...as if a villians sure end in a typical bollywood movie...
3. Figure 3: - Projected future from reality
... So funnily taking things granted as per my mental projection ... I immediately buy the stock and feel happy for my timely decision!!!
... But alassss it goes down further as per "Newtons first law of motion" and my brain keeps on modifying the projection by reattaching the figure 1 to the end of the falling price!!!!!
... So I am always sure about the price rebound throughout the day and suddenly day ends ,,, and i am in loss!!!... Again for so many days my brain was NOT ready to accept anything wrong with its belief structure ,,, it always blames on the illness of market for falling down the stock price!!!!
4. Figure 4: - And What when price is rising: -
... So when above price action happens I immediately get sad saying ohh I missed this lottery ... I was attending so many stocks so I missed this NORMAL Price-Time BEHAVIOUR ...I was so worried about illness of other stocks that I missed this normal and supposed behaviour of a price!!! ... So I interprete this incidence as "Unfortunate"!!! and never dare to buy that stock because it may faaaaaaaaall anytime!!!!.
hahaha...hohoho.....
......Ohh this is so funny but this IS THE TRUTH of my day trading so far ...
So you see...our action decides our trades ... our mental decision decide our action ... our mental makeup (belief, trusts,greed,fear etc.) decide our mental decision ... and a "consistant REAL experience" against our belief structure destroys it!! .. and then only we get WISE! ... If we are honest, this destruction of our "belief structure" will happen in less time ... and we will quickly learn to mold our mindset like a rubber with the trend we are seeing on the screen and make our mental image colinear/parallel with it... and will start taking decisions in the direction of trend, and not against it!!
... I have just posted this to make aware my collgues who are making consistent loss for quite some time!!
Because peoples say "Making consistant profit in stocks is not a joke" ... and priyanvada says in turn " making consistent loss in stocks is also not a joke!!!" ...
Just think while day trading had you taken your decisions exactly against your feelings you might have been making consistent profits!!
...although you may have felt really awakward for taking such decisions...So I think/hope you got my point here!
... Only thing is please remain AWARE all the time while taking a trading decision to WHAT EXCATLY is making you take that decision ... and you will know the SECRET!!
My God I write so much...So sorry for that...Please do correct me if I am wrong anywhere / everywhere because I am also same human being like you who makes consistent mistakes!!
regards,
priyanvada
Last edited:
Thanks sumo.... Sir!
(I am sorry, but Your "name" here is the only thing that doesn't give "clarity" in your post
Anyway, Thank god atleast one person reads my posts! So it is not waste job to jot my mind here...
Ohh anyway, I want to cross myself this 108 posts (lucky for me) number ...
Let me do it!
I hope soon I cross 1008 number!
regards
priyanvada
(I am sorry, but Your "name" here is the only thing that doesn't give "clarity" in your post
Anyway, Thank god atleast one person reads my posts! So it is not waste job to jot my mind here...
Ohh anyway, I want to cross myself this 108 posts (lucky for me) number ...
Let me do it!
I hope soon I cross 1008 number!
regards
priyanvada
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