Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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- Tags afl amibroker
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Hi Krishere,
My apologies for the delay in replying.....
First of all... You will need to explain to me the Major stumbling blocks that you face....considering you have learnt most things from Raghav's & ST's thread....I am at a loss that you are still not profitable as you mentioned in your post.....
If you can illustrate some of your past trades....maybe I can find the chink in your armour.....
Pray, one must...but certainly not for my help....!!!
SG
My apologies for the delay in replying.....
First of all... You will need to explain to me the Major stumbling blocks that you face....considering you have learnt most things from Raghav's & ST's thread....I am at a loss that you are still not profitable as you mentioned in your post.....
If you can illustrate some of your past trades....maybe I can find the chink in your armour.....
Pray, one must...but certainly not for my help....!!!
SG
well when you are looking for profit strategy, your mind will be scattered in different methods and decisions, but if you are anticipating for a loss, then all your scattered mind units together yielding you a genuine loss, believe me it has happened with me, it was a V shaped volatile movement,
looking for a loss i took 3 calls within 5 minutes, 2 short and 1 long, all happened in my favour and lost nearly 600 rupees in 5 minutes.
so that's why i say, if you are anticipating for a loss, then all your scattered mind units together yielding you a genuine loss
:annoyed:
looking for a loss i took 3 calls within 5 minutes, 2 short and 1 long, all happened in my favour and lost nearly 600 rupees in 5 minutes.
so that's why i say, if you are anticipating for a loss, then all your scattered mind units together yielding you a genuine loss
:annoyed:
Thank you SG bhai.....
Well ofcourse you will have to find out what is wrong with me.... well i would suggest a few that I think is terribly wrong with me...
1. I often find it hard to pull the plug. I get into a position relatively easily but when it comes to getting out either in loss or profit, Im not too good @ it.
2. My business includes lot of travelling, so sometimes Im not able to monitor my positions daily.
3. There is a lack of confidence, which is primarily due to a string of losses & everybody around saying its all gamble where one can only lose money. I have people around me often asking me if im in Red or Green.
4. I havent been trading consistently, I keep trading on & off, somehow tend to lose out on the winning bets of my method and get in only during sideways movement. It has got a lot to do with fear too.
5. For example I bought LIC Housing @ 225 on 28th-Oct. I liked the price structure. Price bounced off a support forming an ascending triangle. I kept a mental SL of 210. The price went up & came down to hit my SL, but I didnt square it off... The stock gave me a second chance and this time I was determined that if the price doesnt cross 241 I will square it off but I'm still holding it.
These are 2 videos where I had tried my hand @ analysing nifty, if you look @ it, it must give you a peek into what goes on in my brain....
http://www.youtube.com/watch?v=g-2af-CPkus
http://www.youtube.com/watch?v=Wi9Pcu57inY
Ok.... There are many more flaws in me.... just not able to put my finger on it right now......
Looking ahead @ enlightening sessions with you....
Tx a lot
Krishna.
Well ofcourse you will have to find out what is wrong with me.... well i would suggest a few that I think is terribly wrong with me...
1. I often find it hard to pull the plug. I get into a position relatively easily but when it comes to getting out either in loss or profit, Im not too good @ it.
2. My business includes lot of travelling, so sometimes Im not able to monitor my positions daily.
3. There is a lack of confidence, which is primarily due to a string of losses & everybody around saying its all gamble where one can only lose money. I have people around me often asking me if im in Red or Green.
4. I havent been trading consistently, I keep trading on & off, somehow tend to lose out on the winning bets of my method and get in only during sideways movement. It has got a lot to do with fear too.
5. For example I bought LIC Housing @ 225 on 28th-Oct. I liked the price structure. Price bounced off a support forming an ascending triangle. I kept a mental SL of 210. The price went up & came down to hit my SL, but I didnt square it off... The stock gave me a second chance and this time I was determined that if the price doesnt cross 241 I will square it off but I'm still holding it.
These are 2 videos where I had tried my hand @ analysing nifty, if you look @ it, it must give you a peek into what goes on in my brain....
http://www.youtube.com/watch?v=g-2af-CPkus
http://www.youtube.com/watch?v=Wi9Pcu57inY
Ok.... There are many more flaws in me.... just not able to put my finger on it right now......
Looking ahead @ enlightening sessions with you....
Tx a lot
Krishna.
Also I have bought 4700PE @ 57 on friday.... Now Im a little worried coz generally nifty has bounced back rapidly from 4760 levels
Also if you would like to visit, an article by me @dukascopy article contest
http://www.dukascopy.com/fxcomm/fx-article-contest/?action=read&article=A-Simple-Way-To-Trade&id=444
I know I'm boring you a lot.... just lemme know if I overdo things.....
Tx
Krishna.
Also if you would like to visit, an article by me @dukascopy article contest
http://www.dukascopy.com/fxcomm/fx-article-contest/?action=read&article=A-Simple-Way-To-Trade&id=444
I know I'm boring you a lot.... just lemme know if I overdo things.....
Tx
Krishna.
Hi Krishna,
Hmmm.... Atleast I think from your narration..what the problems could be.....
Let's see the positives....
a) You have no problem identifying an entry...Right
b) You have no problem identifying an approximate exit point
c) You have no problem identifying a S/L point....
Due to your business priority....it would be safe to assume you are a Positional Trader..Right
Ok... Here is what I would like you to do for a couple of months if possible....if you have any issues adhering to what I am going to outline...Do let me know.
If your trading Capital is about 5 lacs.... Take a position in a single (Only One) Lot of Stock Future.
Identify your exit point and for the first 7 Trading Days after entry Do Not Keep A S/L... also if you can take time out from your travelling to drop a PM to myself.... about Entry price & The Stock including what according to you is the Exit Point & S/L
Krishna...Do you think it is doable... what is outlined above....!!!
Will see the Video during the weekend....
SG
Hmmm.... Atleast I think from your narration..what the problems could be.....
Let's see the positives....
a) You have no problem identifying an entry...Right
b) You have no problem identifying an approximate exit point
c) You have no problem identifying a S/L point....
Due to your business priority....it would be safe to assume you are a Positional Trader..Right
Ok... Here is what I would like you to do for a couple of months if possible....if you have any issues adhering to what I am going to outline...Do let me know.
If your trading Capital is about 5 lacs.... Take a position in a single (Only One) Lot of Stock Future.
Identify your exit point and for the first 7 Trading Days after entry Do Not Keep A S/L... also if you can take time out from your travelling to drop a PM to myself.... about Entry price & The Stock including what according to you is the Exit Point & S/L
Krishna...Do you think it is doable... what is outlined above....!!!
Will see the Video during the weekend....
SG
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