IT COULD HAPPEN 2 U.....
a friend of mine is an intra trader.......
it so happened recently that he was very fond of GSS AMERICA's wild movements & everyday he used 2 trade long & make decent profits....
he startes in the counter with 100 qty & finally kept on increasing to 500 a day.......
@ 580 levels he was long intraday......suddenly the stock collapased t0 around 550.....he was not ready 2 accept the truth....the loss of 30/- per share.....so he decided 2 mark it as DELIVERY & planned 2 sell in profit.......
the delivery was now in his hands.....500 GSS AMERICA.....& yo......the stock shot up abv 700 in nxt session.....my happy friend.....but.....it striKed him that why not wait for a couple of sessions 2 exit @ a better price..so he changed his plan 2....WAIT.....& still he is waiting with a price below 500 with delivery of 500......now his capital is blocked & he plans 2 sell @ 500.......
500....500....500....................
be sure.... & stick 2 ur planned game.....dont change it midway just cause the tide has turned in ur favour.....this is the real story & THIS IS HOW TRADERS BECOME LONG TERM INVSTRS ONLY 2 B KNOWN AS 'OUTVSTRS'....
mkt trend: -V
bullish abv: 17775 close
a friend of mine is an intra trader.......
it so happened recently that he was very fond of GSS AMERICA's wild movements & everyday he used 2 trade long & make decent profits....
he startes in the counter with 100 qty & finally kept on increasing to 500 a day.......
@ 580 levels he was long intraday......suddenly the stock collapased t0 around 550.....he was not ready 2 accept the truth....the loss of 30/- per share.....so he decided 2 mark it as DELIVERY & planned 2 sell in profit.......
the delivery was now in his hands.....500 GSS AMERICA.....& yo......the stock shot up abv 700 in nxt session.....my happy friend.....but.....it striKed him that why not wait for a couple of sessions 2 exit @ a better price..so he changed his plan 2....WAIT.....& still he is waiting with a price below 500 with delivery of 500......now his capital is blocked & he plans 2 sell @ 500.......
500....500....500....................
be sure.... & stick 2 ur planned game.....dont change it midway just cause the tide has turned in ur favour.....this is the real story & THIS IS HOW TRADERS BECOME LONG TERM INVSTRS ONLY 2 B KNOWN AS 'OUTVSTRS'....
mkt trend: -V
bullish abv: 17775 close