iCharts Discussions

[sruthi_kulkrni]

This thread is dedicated to ful-time traders,who sincerely works on markets...I Initiated this thread to share my bitter experience in market...

Few days back i got a mail contaning information abt the "FII'S INVESTMENT IN MARKETS".
It clearly quoted that FII'S invested a record level range...and surely markets has to move up bla bla bla.....

At that time am holding shorts in banking sector.....aftr the email i cleared my positions and exited with little profits...As soon as i exited markets crashed and i learnt a great lesson that "NEVER BELIEVE RUMOURS.......DO AS UR CHART SHOW"....
As a positional trader, i wait many weeks to get clear picture of trend....I realised that i broken my rules of trading and again entered into mrkts 3 days back as my charts shown and mvng with the wind..........

The MORAL is "believe in ur hard-work,As a cricketer, as a tennis player fine-tune their movements with practice,v too also fine-tune our work... Dont compare urself with anyone in this world,if u do so, u r insulting urslef".......

Ful-time professionals,plz share ur sweet and bitter experiences which wil a great lesson to us...

SUCCESSFUL TRADING=== 10% technicals 45%pschology 45% money-mgmt...
I initiated this thread for knowledge purpose which may helpful to new-bees ,so JOKES and COMMENTS may disturb this thread...

[ajit602]

[singh.ravee]

[adsingh101]

[sruthi_kulkrni]

[Gemini]

I have been active in market (stock) for around 5 years now with limited success. Most of the times I know what is technically correct action, but I am unable to execute the same , may be due to hope / fear in subconscious mind.

What I have learnt is : Have one solid trading plan (some good plans that I have come across are : SSPS, 3/15 ema crossover, ema34 / DI crossover, BB 10 breakout etc. ) and have unflinching trust on the same. Do not change time frame randomly. Have specific stop loss ( following standard money management rule). If I do this, I believe that I can start having higher percentage of profitable trades.

Bottomline: Trust the plan and take every signal from that plan.

I have been listening to Norman Hallet quite often and find his lesson quite useful.

Currently, I am following eod 3/15 ema crossover (nice thread is available in forum) (with ADX has additional indicator) and find that percentage success has improved ( Carrying long in HLL, Ranbaxy for April).

Wish all great trading success.

[pkholla]

(1) I agree with Gemini sentiment in previous post. But want to add that only way to minimize fear, uncertainty, haste, tension etc is to trade more frequently by using the system you have adopted. Dont let the past mistakes paralyze you but analyze and use their lessons to improve your trading profit! Maintain a detailed trading journal.
(2) One more thing. I was having a/c in Malleswaram, Bangalore 3 branch of Madras HQ broker. One investor from their community saw my profits and cash balance (early Nov 2010) and traded illegally in my account with the help of broker staff. He sold 6300 puts at 6200 NF (to see what will happen!) and caused big loss to me. Management from same community hence full support to rascal.
Always do accounts after market close every day, keep track of transactions in your demat a/c, any discrepancy immediately take decisive action until broker rectifies the mistake. Threaten going to the police, if needed.
Regards, Prakash Holla

[sruthi_kulkrni]

[quote="pkholla"](1) I agree with Gemini sentiment in previous post. But want to add that only way to minimize fear, uncertainty, haste, tension etc is to trade more frequently by using the system you have adopted. Dont let the past mistakes paralyze you but analyze and use their lessons to improve your trading profit! Maintain a detailed trading journal.
(2) One more thing. I was having a/c in Malleswaram, Bangalore 3 branch of Madras HQ broker. One investor from their community saw my profits and cash balance (early Nov 2010) and traded illegally in my account with the help of broker staff. He sold 6300 puts at 6200 NF (to see what will happen!) and caused big loss to me. Management from same community hence full support to rascal.
Always do accounts after market close every day, keep track of transactions in your demat a/c, any discrepancy immediately take decisive action until broker rectifies the mistake. Threaten going to the police, if needed.
Regards, Prakash Holla[/quot

dear PH,
i tooo seen many idiots who trade behalf of account-holder,the sub-broker's baffling with their words saying that"sir i give returns with interest of 7-8 rupees per month"they make money in initiation and with lack of emotional control they trade with entire stake,recently i seen this situation by C.D EQUISEARCH ...To meet the turn-over targets,the dealer traded and conquered a loss of 6-7lakhs in one of the account of his client....
EVERYONE SHOULD AWARE OF THIS..........

[svkum]

I thought thread is meant for
smartness by traders in applying trading plan , executing etc etc , and NOT
smartness shown by brokers to dupe traders.

also , when there is system of getting sms by brokers , and also by NSDL , on the same day , there has to be information on that day.

[pkholla]

[aromal]

think u are bruce lee..... u are the best fighter u have skill, u have good records on your back..... wat is the need of phsychology in winning if u have a good methord...... think u are not good as bruce lee and u are going to fight with him, so u want to avoide big damages to your body, that is called pre cautions means wearing some pads and guards same as money management...............good trader is no one other than a person who got a good trading set up and good understanding about the current price move........ those who are still not good should get protected with psychology and money management...........


aromal from kerala