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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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 Posted: 27/Aug/2006 at 10:17am |
Correct. I got the trend part. You need to play for the larger and the broader swings rather then daily swings of 50 pts here and there.
Edited by basant - 28/Aug/2006 at 2:36pm
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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 Posted: 27/Aug/2006 at 10:48am |
Yes, For making larger money one needs to play larger trend.. I dont know why this caused confusion for you as i have already disclosed, I am NOT a Day trader, but a positional Trader.
I would like once again like to Quote from Rakesh Jhun... one needs to be greedy, But The hunger should be large and not small.. I had posted the exact version of this Quote earlier also.. On the forum..
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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basant
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Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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 Posted: 27/Aug/2006 at 11:00am |
Hey I was not talking about you I was referring about the guy who comes from the upcoming cities of western india and talks more about global indices rather then Indian ones. He watches the trend.... if you now understand.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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 Posted: 27/Aug/2006 at 11:12am |
Well, Vikrant, I trade only in companies and never in an index. Although, both are to some extent related yet, in many ways I rely more on fundamentals of a particular company rather than how the markets are behaving. I have hardly bothered about the trend and invest whenever I see I have more to gain and less to lose.
I dont disapprove of your style at all... its another lovely style of trading but our mental make-ups differ and so our trading styles. Indeed, you impressed me so much that know I am trying to find out how you track Morgan Stanley capital Internatuinal's Indices... if you dont think its inappropraite we will be glad to hear from you in that regard.
Regards,
Vivek
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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 Posted: 27/Aug/2006 at 11:38am |
Vivek -- I track every thing, US Junk Bonds, to Currency of ICELAND..more on that later on.. Back to work for now. Infact i and Mr basant are having a talk about BRICS from 2003, when the original BRICS report was published.
Ya Mr basant, Now i understand..
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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SORUB
Senior Member
Joined: 01/Dec/2006
Location: India
Online Status: Offline
Posts: 155
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 Posted: 20/Sep/2007 at 12:59pm |
trading cycle
1. We accumulate trading information - buying books, going to seminars and researching.
2. We begin to trade with our 'new' knowledge.
3. We consistently 'donate' and then realize we may need more knowledge or information.
4. We accumulate more information.
5. We switch the commodities we are currently following.
6. We go back into the market and trade with our 'updated' knowledge.
7. We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.
8. We start to listen to 'outside news' & other traders.
9. We go back into the market and continue to donate.
10. We switch commodities again.
11. We search for more trading information.
12. We go back into the market and continue to donate.
13. We get 'overconfident' & market humbles us.
14. We start to understand that trading success fully is going to take more time and more knowledge then we anticipated.
many Traders Will Give up at this Point as they Realize Work is Involved
15. We get serious and start concentrating on learning a 'real' methodology.
16. We trade our methodology with some success, but realize that something is missing.
17. We begin to understand the need for having rules to apply our methodology.
18. We take a sabbatical from trading to develop and research our trading rules.
19. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
20. We add, subtract and modify rules as we see a need to be more proficient with our rules.
21. We go back into the market and continue to donate. We go back into the market and continue to donate.
22. We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.
23. We continue to trade and become more proficient with our methodology and our rules.
24. As we trade we still have a tendency to violate our rules and our results are erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and trade.
28. Our trading results are getting better, but we are still hesitating in executing our rules.
29. We now see the importance of following our rules as we see the results of our trades when we don't follow them.
30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.
31. We continue to trade and the market teaches us more and more about ourselves.
32. We master our methodology and trading rules.
33. We begin to consistently make money. We begin to consistently make money.
34. We get a little overconfident and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37. We are making more money then we ever dreamed to be possible.
38. We go on with our lives and accomplish many of the goals we had always dreamed of.
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K.I.S.S(keep it simple silly) is the most easy management formula i ever came across!!! but it is very hard to follow!!!
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