Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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- Tags afl amibroker
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My trading...been there..done that kind of...had a hilarious, ridiculous, exciting and weird trading record..
No Futures..no Options as of now..not in foreseeable future..
Equities..every now and then..sometimes watching all those blue and red figures all day and doing nothing..sometimes..just like to hold things for a while..pretty unidimensional here..
No Futures..no Options as of now..not in foreseeable future..
Equities..every now and then..sometimes watching all those blue and red figures all day and doing nothing..sometimes..just like to hold things for a while..pretty unidimensional here..
Got you. Thanks. As I understand: it has the elation of para gliding and the horror of bungee jumping rolled into one. Therefore, doubly addictive.
Let me make some money out equity trading, then I will ask Mr. SG and you to guide me to get this 'fix'!
Thanks
Let me make some money out equity trading, then I will ask Mr. SG and you to guide me to get this 'fix'!
Thanks
I guess...its Titan Thing..
GauharJK...Bro..if I can suggest one thing...plz dont mind..I remember you losing some 30-40k in a single day or something like that..few months ago I had a similar experience..the only difference was I lost almost 70k in one hour..next day I thought of having my revenge with market and no prizes for guessing who won! Lost some hefty amount again next day...then I got disenchanted..no..I didnt curse..blame or anything like that..pure indifference..and trust me before that..I was sailing smoothly in stock market..with proper discipline..but I got overambitious and flight of fancy took off..and I definitely did not possess mental agility or ability to rectify that situation..
Losing money was bad..but It didnt hurt me as much as losing my self-control..money will come anywhichways..by any means but selfcontrol? over-estimating your abilities? That's what troubled me more...
Time for some reality check..there are thousand of cases like me..I have seen guys cursing market..luck..destiny blah blah for all their losses..but the truth is bigger than that..It is as simple as..we are not yet ready for bigger games..not yet mentally equipped...that's all..Its not that Options trades as planned by you will make up for your losses...
Though, not asked for but..I will suggest you to stick with equity for a while..if you are addicted..go for intraday but with minuscule amount..leave aside all those..what could have been..would have been...just simple few hundred bucks game..If you love sticking to your chair from 9 to 3.30..then focus on what SG Sir was saying..price actions thing..bid/ask point..I know it works..just think about it..no offences..and you have got every right to ignore my blabbering..
GauharJK...Bro..if I can suggest one thing...plz dont mind..I remember you losing some 30-40k in a single day or something like that..few months ago I had a similar experience..the only difference was I lost almost 70k in one hour..next day I thought of having my revenge with market and no prizes for guessing who won! Lost some hefty amount again next day...then I got disenchanted..no..I didnt curse..blame or anything like that..pure indifference..and trust me before that..I was sailing smoothly in stock market..with proper discipline..but I got overambitious and flight of fancy took off..and I definitely did not possess mental agility or ability to rectify that situation..
Losing money was bad..but It didnt hurt me as much as losing my self-control..money will come anywhichways..by any means but selfcontrol? over-estimating your abilities? That's what troubled me more...
Time for some reality check..there are thousand of cases like me..I have seen guys cursing market..luck..destiny blah blah for all their losses..but the truth is bigger than that..It is as simple as..we are not yet ready for bigger games..not yet mentally equipped...that's all..Its not that Options trades as planned by you will make up for your losses...
Though, not asked for but..I will suggest you to stick with equity for a while..if you are addicted..go for intraday but with minuscule amount..leave aside all those..what could have been..would have been...just simple few hundred bucks game..If you love sticking to your chair from 9 to 3.30..then focus on what SG Sir was saying..price actions thing..bid/ask point..I know it works..just think about it..no offences..and you have got every right to ignore my blabbering..
You know, I was sad for a long time... Losing that trade in Titan.
I had shorted Titan December Futures @ 3850 when Nifty was around 6300 on Diwali Mahurat trading day. It was very likely that Nifty would start correcting soon. Titan had risen very rapidly, and so I expected it to fall just as fast.
But one sad day, when Nifty was negative, Titan had an enormous jump. First, it went to 4000. I was disappointed, but decided to hold on. It couldn't go higher than that...
But I made a mistake. I should have taken that 20k loss and went home to trade another day. But how would I know that Titan would continue to move up on a weak day... Some operators picked it up. Since it was a very tightly held stock, it rose very rapidly...
I had to cover my DEC futures @ 4200. There was no guarantee it would not rise further. There was no news on why Titan was rising... Nothing... Zilch... Nada...
I lost 43k in one day. I had already lost 22k in Century Textiles, 9k in Tata Chemicals and some more... in all my 95k capital was down to only 17k in one month...
So, I'd say don't be a Gauhar when you trade. Trade like SG sir...
Cheers!
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I am no good at it. SG sir would guide both of us...
Thanks you Talisman for very useful advice. I am never going to ignore your advice.
You know, I was sad for a long time... Losing that trade in Titan.
I had shorted Titan December Futures @ 3850 when Nifty was around 6300 on Diwali Mahurat trading day. It was very likely that Nifty would start correcting soon. Titan had risen very rapidly, and so I expected it to fall just as fast.
But one sad day, when Nifty was negative, Titan had an enormous jump. First, it went to 4000. I was disappointed, but decided to hold on. It couldn't go higher than that...
But I made a mistake. I should have taken that 20k loss and went home to trade another day. But how would I know that Titan would continue to move up on a weak day... Some operators picked it up. Since it was a very tightly held stock, it rose very rapidly...
I had to cover my DEC futures @ 4200. There was no guarantee it would not rise further. There was no news on why Titan was rising... Nothing... Zilch... Nada...
I lost 43k in one day. I had already lost 22k in Century Textiles, 9k in Tata Chemicals and some more... in all my 95k capital was down to only 17k in one month...
So, I'd say don't be a Gauhar when you trade. Trade like SG sir...
Cheers!
Thanks you Talisman for very useful advice. I am never going to ignore your advice.
You know, I was sad for a long time... Losing that trade in Titan.
I had shorted Titan December Futures @ 3850 when Nifty was around 6300 on Diwali Mahurat trading day. It was very likely that Nifty would start correcting soon. Titan had risen very rapidly, and so I expected it to fall just as fast.
But one sad day, when Nifty was negative, Titan had an enormous jump. First, it went to 4000. I was disappointed, but decided to hold on. It couldn't go higher than that...
But I made a mistake. I should have taken that 20k loss and went home to trade another day. But how would I know that Titan would continue to move up on a weak day... Some operators picked it up. Since it was a very tightly held stock, it rose very rapidly...
I had to cover my DEC futures @ 4200. There was no guarantee it would not rise further. There was no news on why Titan was rising... Nothing... Zilch... Nada...
I lost 43k in one day. I had already lost 22k in Century Textiles, 9k in Tata Chemicals and some more... in all my 95k capital was down to only 17k in one month...
So, I'd say don't be a Gauhar when you trade. Trade like SG sir...
Cheers!
Rest..if you can..take a break..one funny thing about market is..it always gives you chances and honestly..I am making nice use of it since last 2 months..quite steady as far as intraday is concerned..and the best part is I dont even need to ask too many questions..firstly because I am lazy and second..so many people are asking so many similar set of questions (that also creep in my mind every now and then) here and its almost like Savant Sir is answering me via them..
..observation is a great virtue..if you look closely you will find similar sort of problems being raised almost 75% of the time..and that gives you an idea about where You wouldnt want to go wrong..And finally..Baba Ranchoddas Says..when you are in deep Sh*t, keep your mouth shut..
Jay... I hope nothing that will make me change my travel plan...
SavantGarde
SavantGarde
Those Hindi lines were not exactly suitable for the thread but I guess I was overcompensating for missing out on day action..
Wish You a Safe journey.
Cant help but scream, Thanks for your continuous Support.
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