Stocks To Keep A Close Eye On

[Goofy]

In the world of trading, these quotes doesn't help one a lot. We read them, forget them, make mistakes and then rewind back the memories to see what we read was absolutely right. We just overlooked it for our own expectations and belief system.

Well said, Mr Rajputz. :thumb:

Bitter but true.

 

[Goofy]

Anyone here plays Poker?

My dear, Mithunda

What else in the name of hell do we play from 9.15 till 3.30?

Shakespeare said: If you call a rose by any other name, it won't change its scent

 

[Sunny1]

In the world of trading, these quotes doesn't help one a lot. We read them, forget them, make mistakes and then rewind back the memories to see what we read was absolutely right. We just overlooked it for our own expectations and belief system.

yeah right ..but we will atleast wont repeat the mistakes(or atleast reduce the number of repeatation) if remember quotes..unlike what we do all the time...

 

[rajputz]

Have a look at this query. Today's shakers and mover was Bharti Airtel. I think if tomorrow is an upday, the next mover can be infosys. What's the view on this.

 

[rajputz]

yeah right ..but we will atleast wont repeat the mistakes(or atleast reduce the number of repeatation) if remember quotes..unlike what we do all the time...

On an average a person repeats the same mistake at least 10 times, after that the subconscious mind is trained to avoid that kind of mistakes, and that too not guaranteed. The factors, like fear and greed, influence us in such a way that we repeat them every other day, just on the basis of assumptions.

Just have a look back into your mind and think, the last time you took a trade and your particular system was telling NO and then also you did. Try to figure out how many instances were there. Answer will be in front of you. How many times did you saw your mistake of not putting a stop loss into your worst night mare, and still you hesitate some times to apply it. I think one wont have to dig much inside the memories.

 

[CASPER]

In the world of trading, these quotes doesn't help one a lot. We read them, forget them, make mistakes and then rewind back the memories to see what we read was absolutely right. We just overlooked it for our own expectations and belief system.

Rajputz,

I do second your thoughts, Many individuals become like the Snake in front of a Snake Charmer(NIFTY) when their Trades go Wrong.

One forgets his initial plan for taking the trade, adds position on the downside ........And in Full Mess thereafter.

In my Opinion Unless one has Extreme Discipline its really difficult to be a Good Trader ( Especially when one Trades Futures ) .

Best Wishes,
Nithin.

 

[saivenkat]

Likely candidates for the banking 'mega-leak' are:
JP Morgan
Goldman Sachs
Barclays
Citibank
HSBC
Bank of America
Deutsche Bank
BNP Paribas
UBS

If any of the above is found.. then can anyone guess what would be impact of it on DOW?

And the Contagion effect on our market..

 

[DanPickUp]

Thanks Dan
Jesse Livermore also said: From my point of view, the investors are the big gamblers. They make a bet, stay with it, and when it goes wrong, they lose it all.

Trouble is Jesse's advice came to me too late.

Eleanor Roosevelt: Learn from the mistakes of others. You cant live long enough to make them all yourself.

 

[Goofy]

Have a look at this query. Today's shakers and mover was Bharti Airtel. I think if tomorrow is an upday, the next mover can be infosys. What's the view on this.

Thanks for letting me know about infosys. I'll check the records and charts online after dinner.
Personally, bro, I am wary of IT scrips. Oftenly I found their movement erratic. But then, perhaps I am not that nimble - nor is my bloody Airtel connection

 

[a2744010]

Paul Tudor Jones: Don't focus on making money; focus on protecting what you have

Jesse Livermore: The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes!

I learnt this after loosing 2 lacs! Now my aim is to protect what I've first. I now don't sell just because my trades are on loss and don't book small profits. Rather I've stopped tracking my shares which are holdings. For intraday even 10 paisa profit makes me happy. Burnt my hands not just fingers in FnO. There was a time I made 1 lac 73k from just 3k during satyam era.

In those days I used to intraday OTM options and made good money but never carried over any option or future. One fine day in cold winters I got lightening struck and all of a sudden I bought a pe 400 points below nifty at rs 10 costing me 500. Since it was start of the week my permium flew away and I thought let it be, it's just 500 bucks. And then came Ramalinga Raju as God! I sold that pe at 282! I became a bear and kept shorting market and making money. And I started to fight market when it went up. To cover initial losses I sold my holdings like SBI I had at 795 on 1100 which I deeply regret now, IFCI at 8 and so on. And I kept loosing money, all that I made shorting market and all that I bought. from a bank balance of 5 lacs I came down to 1.5 lacs. And I realised no more FnO, just profits and buying good stocks. No more nandan exim and naked options. Now I'm quite satisfied with whatever I earn. It's better to make 1 lac a year and lose 10k instead losing 1 lac and making 10k!