iCharts Discussions

[umesh1]

[sonila]

Bharat, many good methods are avlbl in ichart forums, both intra and positional. Still u lost huge money. How ? Strange.......

[pkholla]

Bharat: I am happy that Umesh has himself offered help to you as I was hesitating to tell you to approach him, without his consent! Let me tell you frankly that today I am making 4-8 K profit daily in single scrips to a large extent because of advice and support from Umeshbhai. (I was in deep depression after losses in NF and cheating in Bangalore branch of Madrasi outfit with Chennai HQ, name on request by PM !) Cheers, you can also climb out of the hole created by losses. Jai Hind. Prakash Holla

[bharatpatel]

[bharatpatel]

[bharatpatel]

[sonila]

Very clear explanation of ur mistakes.......as u spotted them so nicely.....now i m sure ......u will avoid them and make money. See ur pm.

[opportunist]

[opportunist]

[bharatpatel]

Dear Oppo,

It needs lot of courage to accept that yes i am a loser and not finding any solution so pls help me.

I thought ant method will help me to come out of that everything will be o k, now i think i was wrong at all and now i am on the correct track, thanks to all my ichartian friends.

bharat.

[k_jeyaraman]

After going through similar experience, luckily I came through a post here " how to make 60 crores with 20000 investment." There is no strategy or great analysis in that method as the originator himself says. But money is made on that because of discipline. Now I find people are regularly trading in NIfty using this .

In my case I use it for stocks and commodities. eg: JP associates I am in long from 89 and it is near 105 (lot 4000) , sintex I shorted a month back around 68 and it went down to 58 levels, I covered around 63 (lot 4000).
Rel capital shorted at 415 covered at 385 and again long since 400 now at 440. Similaly it works in commodities also. just check the commo eod charts and u will be astonished.

I Thank Vijayakannan for reminding ths idea. I suggest you to follow this.

[umesh1]

A Dozen Reflections on Life and Markets
by Brett N. Steenbarger

I've never seen a trader succeed whose explicit or implicit goal was to not lose. The trader who
trades to not lose is like the person who lives to avoid death: both become spiritual hypochondriacs.

No union was ever destroyed by a failure of romance. It is the loss of respect, not love, which ends a relationship.

Love, once present, never dies.

Sometimes we select markets--and trading styles--much as we choose romantic partners: by their ability to validate our deepest-held images of ourselves. Our choices generally succeed, for
better or for worse.

Many a trader fears boredom more than loss, thereby experiencing the two in sequence.
Goodness of character is measured in loyalty to others; greatness of character is measured in loyalty to principle.

A measure of the soul: the degree to which the surpassing achievements of others evoke inspiration rather than envy.

If you listen to the words, you'll understand the brains of the speaker. If you listen to the tone,
you'll understand his heart.

Show me what a man loathes, and I will show you what he cannot accept in himself.
Two traders: one increases size after a loss; the other gets smaller. Both continue to lose.

One encounters losing traders as often as one encounters losing golfers--and for much the same
reason.

The absence of self-acceptance too often masquerades as the desire for self-improvement.
Cheers
Umesh

[bharatpatel]

[SUNILA]

[umesh1]

Friends
Do you think you could drive a Ferrari before going to driving school? If not, then why would you think you could make money trading before learning how to trade. Learn a successful strategy, build a simple trading plan around it, practice executing that plan in a demo account. Once you have consistent strong results, move to real money but very small position size. Once you see the results you’re looking for, then move to asset class if you want to but this is step number five. As I said, I see more and more people skipping the first four steps and that is unbelievable to me. Like driving the Ferrari, trading requires skill and to attain any skill, you must learn and practice. If you chose to skip the first four critical steps in the process I just mentioned, you will likely lose your money in the market to someone who didn’t.This is the only market where you are never late,as opportunities will keep coming,today was not the last day of big move.the question is how much are you prepared for the next.

Hope this was helpful. Have a great day.
Cheers