Some Good Steals...
- Thread starter AMITBE
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Hi Usha,
Dont think you need to dump your univ rank certs..cos it doesnt take those to make a successful trader..
The way out i guess is to develop a strategy by playin in with small amounts and then scale up the "one startegy" you are mos comfy ith.
Atleast thats what i do.
Cheer up..cos unless you been to the deepest of the vallies, you would never know hw pleasant it is on the peaks.
Regards
Gaurav
Dont think you need to dump your univ rank certs..cos it doesnt take those to make a successful trader..
The way out i guess is to develop a strategy by playin in with small amounts and then scale up the "one startegy" you are mos comfy ith.
Atleast thats what i do.
Cheer up..cos unless you been to the deepest of the vallies, you would never know hw pleasant it is on the peaks.
Regards
Gaurav
madhura said:
Hi Amit,
Rightly said....there is lot of discipline and cool thinking....
Thanks for your guidance you have given to we juniors helping us to know what is good and bad while trading...
u are great guru as regards trading for me atleast....
Madhura
Rightly said....there is lot of discipline and cool thinking....
Thanks for your guidance you have given to we juniors helping us to know what is good and bad while trading...
u are great guru as regards trading for me atleast....
Madhura
I do have a query pending from you wich I'll come to tonight or tomorrow. I believe the market is closed tomorrow?
Cheers.
Hi lalooji...yes there is some temporary weakness here, and should pass I feel. The reason is, volume has thinned out in this fall and once the market gains strength, we should be looking at higher levels again...as in so many other counters. There is support at 155-160. It'll be safer above 168.
The Mallaya group counters have attracted a lot of interest recently and should all do well in the time to come.
Do keep me posted on this.
Thanks.
The Mallaya group counters have attracted a lot of interest recently and should all do well in the time to come.
Do keep me posted on this.
Thanks.
Hi Usha,
Your pain is very evident from this post and has pained(for want of a better word) many of us as well.I hope you recover from this pain,and bounce back and make it all back.
Usha,please take some advice from a person who has blown his account a few times,and realised that something need to be changed,and done the necessary.........Believe me when I tell you,that your losses are pittance once you start making it big.It is tough in the beginning,one just doesn't know what to do......but as already said by Jaideep,we all sustain losses everytime.If I were to show you all my trades in a month,you will see that I have more losses than gains,but small losses and big gains.
Yes,you took a hit........but don't give up.There's amethod to this madness,there are many who are making lakhs per day,why not you?You can do it.........throw away your certs(not meaning that literally!),they are of no use here.I am a doctor,who cares,the market certainly doesn't care.......it's all about strategy and discipline and doing it again and again and again.You could be an illiterate or an atomic physicist,you will succeed if you follow all the right strategies and disciplines.
Usha,now is the time for education..........learn entry points,exit points through stops,profit taking strategies,money management techniques,share sizing..........trade small in the beginning,stay away from daytrading for now,stay away from derivatives for now.
As your confidence picks up,and you start making money.......by all means increase your share size,get into daytrading or futures.......but a step at atime.
You are now playing with money that you are scared to lose.......you have got to learn the art of share sizing and Risk/Money Mangement rules.Don't give up.........believe me when I tell you that you can make it big,but first educate yourself.
Wishing you all the best!
Saint
Your pain is very evident from this post and has pained(for want of a better word) many of us as well.I hope you recover from this pain,and bounce back and make it all back.
Usha,please take some advice from a person who has blown his account a few times,and realised that something need to be changed,and done the necessary.........Believe me when I tell you,that your losses are pittance once you start making it big.It is tough in the beginning,one just doesn't know what to do......but as already said by Jaideep,we all sustain losses everytime.If I were to show you all my trades in a month,you will see that I have more losses than gains,but small losses and big gains.
Yes,you took a hit........but don't give up.There's amethod to this madness,there are many who are making lakhs per day,why not you?You can do it.........throw away your certs(not meaning that literally!),they are of no use here.I am a doctor,who cares,the market certainly doesn't care.......it's all about strategy and discipline and doing it again and again and again.You could be an illiterate or an atomic physicist,you will succeed if you follow all the right strategies and disciplines.
Usha,now is the time for education..........learn entry points,exit points through stops,profit taking strategies,money management techniques,share sizing..........trade small in the beginning,stay away from daytrading for now,stay away from derivatives for now.
As your confidence picks up,and you start making money.......by all means increase your share size,get into daytrading or futures.......but a step at atime.
You are now playing with money that you are scared to lose.......you have got to learn the art of share sizing and Risk/Money Mangement rules.Don't give up.........believe me when I tell you that you can make it big,but first educate yourself.
Wishing you all the best!
Saint
Hello Saint,
Well said Saint,
I have also learnt a lot of things in this forum and while trading for some days now....
Usha...You should feel lucky to have such great friends around trying to reduce your pain around..
I have also learnt that if you invest in good fundamentally strong companies, seeing support-resistance levels, going deeper into technical analysis, it would be fun and great here....
Dont ever think you are not fit for this trading or whatever...
All the best to you in future...
Madhura!
Well said Saint,
I have also learnt a lot of things in this forum and while trading for some days now....
Usha...You should feel lucky to have such great friends around trying to reduce your pain around..
I have also learnt that if you invest in good fundamentally strong companies, seeing support-resistance levels, going deeper into technical analysis, it would be fun and great here....
Dont ever think you are not fit for this trading or whatever...
All the best to you in future...
Madhura!
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