iCharts Discussions

[maneesh007]

trade, trade & trade( initially in very small quantities & gradually increase) ... rules will start popping out like popcorns ...then compare with the list , u will find that both r almost same but still there is a difference...first list is learned one, while as second is earned one ...just a personal view friends , no offences at all

[casper]

[amitsaraf01]

At 56, Paul Tudor Jones is a self made billionaire with a net worth of 3.3 billion and is ranked as the 336th richest person in the world, he knows exactly how to trade the biggest money for the biggest returns. One of Jones’ earliest and major successes was anticipating and trading through Black Monday in 1987, tripling his money during the event due to large short positions. The Dow Jones Industrial Average dropped by 508 points to 1738.74 (-22.61%) on that day. While the majority of others lost more than they ever had in their lifetime, Jone’s was on the other side of their trade making a fortune. That is the sign of a truly great trader making money at the tipping points that most others miss. Paul Tudor Jones has returned double digit annual returns to his investors for decades. He is one of the greatest traders to have ever lived, we need to sit up and listen closely to his advice, it is priceless.

Risk Management

“Don’t focus on making money; focus on protecting what you have.”

“Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.”

“At the end of the day, the most important thing is how good are you at risk control.”

Trader Psychology

“Every day I assume every position I have is wrong.”

“Losers average losers.”

“Trading is very competitive and you have to be able to handle getting your butt kicked.”

Method

“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.”

“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”

“The concept of paying one-hundred-and-something times earnings for any company for me is just anathema. Having said that, at the end of the day, your job is to buy what goes up and to sell what goes down so really who gives a damn about PE’s?”
“The whole world is simply nothing more than a flow chart for capital.”
That cotton trade was almost the deal breaker for me. It was at that point that I said, ‘Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?’
Here is a link to a documentary that he filmed for public television in 1987.

[cha1062]

GOLDEN WORDS
rameshraja When you are young work hard.. There is no substitute to hard work.
• rameshraja we can't fight with the market.. we are just a drop in the ocean
•
• rameshraja YOu should know to trail the trade for money management
•
• rameshraja The success of a trade lies on your entry and trailing the trade
•
• rameshraja There is no formula or magic methods to make money in market
•
• rameshraja Fairly successful trading system of 70 to 75% will give very good results
•
• rameshraja we trade as per chart and technicals is only about probability and not a science to honour theories
•
• rameshraja Its a tough business than any others
•
• rameshraja Anyone can make entry .. you need to have proper stop and TSL
•
• rameshraja Trading in market is like Mahabahart.. You should know to defend yourselves to save your skin
•
• rameshraja One should not be like Abhimanyu in Mahabharat.. You should know the exit
•
Above are the golden words from RR Sir's shout box ,i consider him as my guru ,I follow him . I have already suffered losses in lakhs, more than 1000 k. in options ,futures , commodities. But now at least I have minimised my losses to bare minimum although not profiting much ,but decisions are fairly on positive side now a days.Learned a lot from icharts discussions, live calls , RR sirs extracts from his live trading room calls. Every day is new learning process, new chapter.

[amitsaraf01]

[amitsaraf01]

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DEvtaa hain ye log. Inke paas tareeke hain jinse vyakti ghaate se bach saktaa hai aur ye log aapko ek ghante mein aapko bulaa bulaa kar ye tareeka sikhaana chahate hain.


IF its too good to be true, chances are it is false.

there are so many such mailers coming at you all the time you forget whom to follow.

[ajayhkaul]

let me lay that out straight ---

Gambling is a form of investment

Investment( including trading) is a form of gambling

No one has used the taboo word (GAMBLING) anywhere in these forums...face it and you will be 'free' of all the interpretations,illusions.

sd/- Swami AjayHKaulanada

[Padkondu]