iCharts Discussions

[veerappan]

just for your thoughts:
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where u r lacking ? this is the first question.... there shd not be a bit diff between the thought and the action always.....[in stock market]..... whenever u indicator says just do it....first decide the loss... at any point of time u shd know the loss... that means the system shd have always stop loss....[this one i got a lesson from one of my trader he lost big money in himachal silver line global tele ..those days..he thought he can put the sl .. bcoz he was infront the system ..over confidence?] whether u r in shot or long...it doesnt matter....bcoz u r not playing mind games... u r cing the charts... bars... candles lights.. gulfwaves... gann .. fun and bun ...spoon ... whatever it may be.... but u shd be with ....it cant be wrong always....
and one more... how people are getting trapped.... if they watch 15 min chart...given buy they bought ... it said sell u shd sell... but that time people will watch higher time frames like 30 60... that chart will take time to give sell....suppose if u bought on the basis of 15min ... for profit booking u can use lower time frames....for partial bookings... but u cant c at higher time frames to hold that nf bnf or stocks or options... u cant...just remember this...each one is right... but in their time frames....one who is selling a stock to u ... he is a fool ..do u think? he will get the same stock at .. according to his time frames on lower ranges...

first day u r doing your normal qty 100 nf ...got 30 pts... second also 30 pts plus ...3 rd also 30 pts plus...4th day u r
doing 200 nf got 30 agian plus... your confidence hope faith all will be boosted... oho on that way.... then u
will increase the qty automatically... 500 nf... that time also u will get right ok fine... one fine morning u will ask
your broker ... limit ....u will buy 2000 nf.[or sell].. market lower freez[or big upside]...then your entire profit money... further
capital also gone gone ... moral of the statement.... u shd not do above your qty..whatever be the market... at any point of time u
shd to do your normal qty...

fools will be without sl .... and without tsl ....[when they r in plus]... fools will trade without sl..... fools doesnt know... when they r on loosing side... how much they r going to loose .... they dont know.... we r not fools..... my words let it hurt ... i dont mind...but finally u shd get disciplined trader and investor...

[umesh1]

Veera
Thanks for your repeat reminder after Feb post ,fully agree with you on it
Cheers