Suffered loss.... How to control greed

[Pawan062]

Hi All,

I am a new trader and started trading from December 2013.

I started my trading account with 1 Lac Rs. and by following my broker's calls, I made a profit of 60K in the last 7 months.

His calls were excellent that made me overconfident and thought I am a smart player and can create wonders on my own.

From past one week I started ignoring his calls and the basics. Today, when I calculated my capital, I found that I've suffered a loss of 30000.

The greed and complacency has ruined me.

Has this happened with some of my friends here?

How can we overcome the immense greed and the excitement in the stock market?

 

[tradersumo]

BTW, who is your broker and their brokerage.

 

[JACKK]

Hi All,

I am a new trader and started trading from December 2013.

I started my trading account with 1 Lac Rs. and by following my broker's calls, I made a profit of 60K in the last 7 months.

His calls were excellent that made me overconfident and thought I am a smart player and can create wonders on my own.

From past one week I started ignoring his calls and the basics. Today, when I calculated my capital, I found that I've suffered a loss of 30000.

The greed and complacency has ruined me.

Has this happened with some of my friends here?

How can we overcome the immense greed and the excitement in the stock market?

Oh my!!! .. you are still sitting on a 30% profit boss !!! u've totally changed the meaning of RUIN .. lol :lol:

cheers

jack

 

[ram2010]

Hi All,

I am a new trader and started trading from December 2013.

I started my trading account with 1 Lac Rs. and by following my broker's calls, I made a profit of 60K in the last 7 months.

His calls were excellent that made me overconfident and thought I am a smart player and can create wonders on my own.

From past one week I started ignoring his calls and the basics. Today, when I calculated my capital, I found that I've suffered a loss of 30000.

The greed and complacency has ruined me.

Has this happened with some of my friends here?

How can we overcome the immense greed and the excitement in the stock market?

Who is that broker made you to earn 60000 profits.:lol:

pls provide details, so that i will open a dummy account with them, and trade with my discount broker:thumb:

 

[JACKK]

Who is that broker made you to earn 60000 profits.:lol:

pls provide details, so that i will open a dummy account with them, and trade with my discount broker:thumb:

A fantastic PLAN indeed !!!! :thumb:

 

[praveen taneja]

Hi All,

I am a new trader and started trading from December 2013.

I started my trading account with 1 Lac Rs. and by following my broker's calls, I made a profit of 60K in the last 7 months.

His calls were excellent that made me overconfident and thought I am a smart player and can create wonders on my own.

From past one week I started ignoring his calls and the basics. Today, when I calculated my capital, I found that I've suffered a loss of 30000.

The greed and complacency has ruined me.

Has this happened with some of my friends here?

How can we overcome the immense greed and the excitement in the stock market?

First learn a trading method then trade on paper after that start trading tips are always lead to disaster bro God Bless us all

 

[Rahulraghav]

Haha...... If their calls were lucky for you then why did you ignored them??

 

[OMSAI]

Who is that broker made you to earn 60000 profits.:lol:

pls provide details, so that i will open a dummy account with them, and trade with my discount broker:thumb:

It's tricky promoting of a TIPS provider....:lol:

 

[laotze]

Hi All,

I am a new trader and started trading from December 2013.

I started my trading account with 1 Lac Rs. and by following my broker's calls, I made a profit of 60K in the last 7 months.

His calls were excellent that made me overconfident and thought I am a smart player and can create wonders on my own.

From past one week I started ignoring his calls and the basics. Today, when I calculated my capital, I found that I've suffered a loss of 30000.

The greed and complacency has ruined me.

Has this happened with some of my friends here?

How can we overcome the immense greed and the excitement in the stock market?

Nice story.....when you have started giving tips...now you want clients for your tips...

Be careful with this gentlemen

 

[saivenkat]

Hi All,

I am a new trader and started trading from December 2013.

I started my trading account with 1 Lac Rs. and by following my broker's calls, I made a profit of 60K in the last 7 months.

His calls were excellent that made me overconfident and thought I am a smart player and can create wonders on my own.

From past one week I started ignoring his calls and the basics. Today, when I calculated my capital, I found that I've suffered a loss of 30000.

The greed and complacency has ruined me.

Has this happened with some of my friends here?

How can we overcome the immense greed and the excitement in the stock market?

You have clearly mentioned.. that greed is the factor.. what is there to discuss...here...
No one can stop you from being a greed.. or no one can make you greed..
You have to practice it on your own...the strategy which suits you..