Re: Todays Buy Levels
Excellent reply asish. these kind of posts can teach one the summary of trading. i think you deserve a rep for this one, so i am giving one
Ayurakshapad,
The basic difference of Trading with any Performing Art is that:= this is solo with no audience.Gutsy is good trait but Sucidal in Trading,here one has to be a willy fox with a constant Fear,Conviction is not Gutsy,conviction comes from well tested Systems & knowing
one's own limitations,say for an example i know very well that i am yet not prepeared Mentally to put a 10 Lot trade on Century Text Fut,where it can dance Rs 2 -3 in 1 min,hence knowing Self is more imp.
Many a time it happened with me that after loosing 80k ,in a short period,i was mentally shattered,be assured it happens with All.
Try putting a trade qty as per your Mental & Financial Limit,NEVER go for Exposure Now at this stage,NO INTRADAY ,you will just be 1 more tomb in the Graveyard.
Learn the basics from Saint's Thread,put very small qty,Preservation is Only moto now.
Trust me all your 80k will be returned in few more multiples if you survive & learn.Dont quit this arena.That is Gutsy ,to be a cliffhanger & plz channelise all your sensory organs for Knowledge.There is nor was any Secret formula for success ,many Sleepless night & lots of Self Humilation with a Lone objective & passion will truly bring you out from the Hole.
All the known Gr8 traders have all passed through this phase.
Well come to the Loner's world.
I firmly believe you will come out of this,my best wishes from the core of my Heart brother,i even boarded the wrong Bus to come back home after Huge Loss in Dabba Trading,walked aimlessly.Still success is illusive but managing somewhat decently,you are younger than me you will definetly take lesser time.
Asish
The basic difference of Trading with any Performing Art is that:= this is solo with no audience.Gutsy is good trait but Sucidal in Trading,here one has to be a willy fox with a constant Fear,Conviction is not Gutsy,conviction comes from well tested Systems & knowing
one's own limitations,say for an example i know very well that i am yet not prepeared Mentally to put a 10 Lot trade on Century Text Fut,where it can dance Rs 2 -3 in 1 min,hence knowing Self is more imp.
Many a time it happened with me that after loosing 80k ,in a short period,i was mentally shattered,be assured it happens with All.
Try putting a trade qty as per your Mental & Financial Limit,NEVER go for Exposure Now at this stage,NO INTRADAY ,you will just be 1 more tomb in the Graveyard.
Learn the basics from Saint's Thread,put very small qty,Preservation is Only moto now.
Trust me all your 80k will be returned in few more multiples if you survive & learn.Dont quit this arena.That is Gutsy ,to be a cliffhanger & plz channelise all your sensory organs for Knowledge.There is nor was any Secret formula for success ,many Sleepless night & lots of Self Humilation with a Lone objective & passion will truly bring you out from the Hole.
All the known Gr8 traders have all passed through this phase.
Well come to the Loner's world.
I firmly believe you will come out of this,my best wishes from the core of my Heart brother,i even boarded the wrong Bus to come back home after Huge Loss in Dabba Trading,walked aimlessly.Still success is illusive but managing somewhat decently,you are younger than me you will definetly take lesser time.
Asish