iCharts Discussions

veerappan · Expert Joined: 19 Dec 2007 Posts: 3680

i dont have much experience in stock market... but a bit experience is there... l learned it ...only two three things... just be alive ... be conscious.... profit things also shd be with trailing stop loss and money management.... each trade shd be with stop loss... [ if u r a day trader or investing basis also].... first step decide the loss... risk reward... u shd calculate on live market on running basis... suppose u took 7 rupees risk and u r getting 7 rupees... and the culprit mind watching tv... mikki donkey nasdogs cows cracking... in the thought process ... it will kill u... still u have plus... dont be with that ... just throw it out and take the money .... bcoz if u hold... and trig happen at cost also ... next trade u will recover that profit of 7 rupees automatically u will increase the volume or ... try make that... the problem starts here only....

1. just use any indicator.... let it be anything ...if u say to any one people will laugh that type of indicator that time ... dont worry... just stick on to that.... just use that.... just follow that...whatever it says just do that....

2. if the system says buy ... and sl u knew well... suppose sl is too long and u feel its not worth or i cant pay this much then wait... or reduce the qty ... and do that... decide the loss first.... it will help u many ways... bcoz u knew where u r going to stand... and u wont loose ur entire capital....

3. dont be with mind and mind sets... mind is always culprit.... mind will watch and do wrong things always... just u watch the mind ...it will help u....u r system says sell just sell ... within 7 points system given buy just close the sold posn... after buying or not that is diff.. but u shd close the sold posn... in this place only problem will starts.... just go back and test on your trades... u knew well....

4. 7 rupees risk u r getting 7 rupees... risk reward is 1:1... u feel enough and safe then just take it or change the tsl to cost... what is there... u r risk is reduced.. and suppose goes up change the tsl... or let them hit...

5. most important thing... money management... and for small profits and small losses dont carry to next day... u will be carried away from the stock market...

6. there is not a bit of diff between thought and action... that is most important...

this is what i learned....if anything is there further i will post it later... [ suppose if i forget on this time ... bcoz time time time ... time is most important]....

thiru alias veeru chennai boy