Diary of a day trader......

Indianzz · #**131** 30th December 2007, 11:44 PM

good, at least a single word of appreciation..

to everyone else.

i never said i am perfect. i like everyone else LEARN from mistakes, some admit it, some don't that's it.
secondly you are right and wrong, i am not out of market, jsut changes strategies, according to market ( i'll use a fancy word adaptation)

as i have started realising the system of stocks and casinos & lotteries, i realised many things ,
here's one.

they have no problem to give you money, you know why, coz they know u are HERE and you'll continue to play. why coz of HOPE to make it big and rich in this world,

the problem with these works is that you will.
you will win daily for one month or one year or one life time ( small) but , they still will win , why coz all they need is one mistake , one chance to take all your money away!

remember one trade is all they need to take your money away....

have you ever met a rich lottery winner?

probably not, why,
coz even after he won a billion bucks, he bought the tickets of those billion bucks , for prize money of 100 billion, and in the process bring some more losers who woudl invest (put money in the system) for the big shots to enjoy....

the biggest problem in stocks i realised is HOPE

hope to make it big
hope to be rich without working
hope tha tit would be different this time
hope that market will turn around and give him money
hope for a million things.

now what do u think?

Regards

hari09omkar · #**132** 30th December 2007, 11:58 PM

Quote:

Originally Posted by Indianzz

the biggest problem in stocks i realised is HOPE

hope to make it big
hope to be rich without working
hope tha tit would be different this time
hope that market will turn around and give him money
hope for a million things.

now what do u think?

U r right.Actually,yours were a terrible idea to trade the markets.I appreciate that u accept ur faults.....

anilbhasein · #**133** 1st January 2008, 09:19 PM

is there a formula to know when the prices will go up or when they will go down , WAVE THEORY ??? IF SOMEBODY CAN THROW SOME LIGHT ON IT

Indianzz · #**134** 3rd January 2008, 01:00 AM

well if this theory works, then why is it out for us small traders to enjoy, don't u think it will b for the bigshots to enjoy..

digest · #**135** 17th January 2008, 07:19 PM

Hello all,
it is very interesting thread, indeed very informative.
i am learning ropes of trading and not yet traded in intraday market.

i am zero in technicals. (trin to learn)
and willing to enter intraday.

so this post has enlighted me alot but didnt scared me from entering intraday.
but simple thing which i have learned is 'dont play if you dont knwo how to play" or "dont play if u are scared of losses".
but we are here to make profits as it was said earlier in this thread "greed".

yeah ;-) thats it.

lesson which i ahve learnt from this thread is
i will not do impulsive buy sell trading.
i will not buy small stocks( only 'A' grade companys)
i will not over trade
i will buy those stocks(qty) which i can take delivery and make payment.(same day)
i will and will only trade in few 'A' grade stocks for which i will keep regular track.
finally
i will do intraday trade in 3-4 stock at a time and when i make combined profit i will exit form all.

i am sure these tips which i learnt from this post will be helpful?
any suggestions?

so experts am i on the right track or am i missing some important point?

in last few days i have seen sahre like educomp goin up daily by 100-200 rs
i havent done any trading becasue of market.

and finally how do you people do intraday trde? realtime streaming of share rates on computer? how do you ppl know which share is in demand?

i guess at brokers place there is a monitor where one gets good amount of information how do u get that information at ur desktop?

thanks for your valueable suggestions for trading toddler like me.

digest · #**136** 18th January 2008, 01:03 PM

and today educomp is also declining

intraday is risky for now

has anyone traded in current market situation? andmade profit?

fast_rizwaan · #**137** 29th January 2008, 03:59 AM

Indianzz, where are you? have you stopped day trading? You've said, you are adapting to new strategies.. Share with us, please!?

fast_rizwaan · #**138** 29th January 2008, 04:33 AM

unrealistic hope is what destroys us.
But hope is what makes us tick..

The worst crash a week ago, proved us that Fundamentals and Technicals will not work in favor of majority of investors, daytraders..

Technicals are just a supposed way to see order in a chaos. And majority of believers trade with technicals, so, it seems that market moves technically. The big players (read manipulators) can make or break the rules as they wish for creating panic or greed leading to unrealistically hopeful person into buying greedily or selling in pain and panic.

The only real support for day trader is "Stoploss."

When we enter a trade we give total control of our money to the market sharks. they can let you have their leftovers of other fish or eat you.

Well, every day acts like cooking, bathing, driving, walking is also full of risk.. but we have to do it.

so, No Risk, No reward. More Risk.. More Reward! and markets are the riskiest ones!

ventech_2004 · #**139** 29th January 2008, 05:53 AM

Hi Friends

I have only two questions in this post to ask. I am a day trader and I trade with Reliance Money and I have a capital of Rs.30,000/-. My question is this?

QUESTION NO 1

IS THERE ANY SPYWARE OR SPIES TO CHECK WHETHER A PERSON HAVE MADE MORE PROFITS AND TO CUT THAT?

This happened to me well for more than 50-100 times. When ever I think that I have made more profits I try to get out. But greediness makes me to trade again. But my calls will be good. But in that case too either the market will act against me or the server with my broker gets disconnected. 50% will be the market, 35% will be the broker and 15% will be that my calls may be wrong. Is there any way to stop it?

QUESTION NO 2

WHEN I MAKE A PROFIT IT WILL BE 10-15% OF MY CAPITAL. BUT IF I MAKE A LOSS ITS 25-30% OF MY CAPITAL. WHY IS THAT?

I trade with stoploss but in that case too its the same.

Is there any technical/fundamental/psychological reason behind this?
I tried to question this into myself again and again, but i did'nt find an answer. Can any one help me out.

fast_rizwaan · #**140** 29th January 2008, 06:28 AM

Quote:

Originally Posted by ventech_2004

Hi Friends

I have only two questions in this post to ask. I am a day trader and I trade with Reliance Money and I have a capital of Rs.30,000/-. My question is this?

QUESTION NO 1

IS THERE ANY SPYWARE OR SPIES TO CHECK WHETHER A PERSON HAVE MADE MORE PROFITS AND TO CUT THAT?

This happened to me well for more than 50-100 times. When ever I think that I have made more profits I try to get out. But greediness makes me to trade again. But my calls will be good. But in that case too either the market will act against me or the server with my broker gets disconnected. 50% will be the market, 35% will be the broker and 15% will be that my calls may be wrong. Is there any way to stop it?

Dear Ventech, what is your goal of daily profits, income from day trading?

Once you've reached your goal, just quit..

I think there's a system which checks for Margin Positions and works against the most open positions.

Quote:

Originally Posted by ventech_2004

QUESTION NO 2

WHEN I MAKE A PROFIT IT WILL BE 10-15% OF MY CAPITAL. BUT IF I MAKE A LOSS ITS 25-30% OF MY CAPITAL. WHY IS THAT?

I trade with stoploss but in that case too its the same.

Is there any technical/fundamental/psychological reason behind this?
I tried to question this into myself again and again, but i did'nt find an answer. Can any one help me out.

Boy, 10-15% profit is awesome.. and that i believe makes you 'careless' or overconfident, leading you to more error prone trading entries. Don't trade unless you see a clear opportunity. That's compulsive behavior to just trade on and on for the sake of trading.

don't mind but you should learn money management skill.. protect your capital.. and you'll be a rich man in the long run.

A small advise, reduce the Quantity to 1/2 or 1/4 in later trades when you've earned 10%+ profits. this way you'll lose less after gaining.

View Poll Results: do you wnat me to keep posting my trades
yes	73	90.12%
no	3	3.70%
maybe, depends on the trade	5	6.17%
Multiple Choice Poll. Voters: 81. You may not vote on this poll