Is Daytrading dangerous?

Discussion in 'Risk & Money Management' started by pksam, Jan 22, 2006.

  1. vince

    vince Active Member

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    LOL ... Well Said. :)
     
  2. Agilent

    Agilent Member

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    Noted . Thanks

    Aryanshare... perhaps you will clarify for the benefit of all of us.

    For reference, this was my query :

    Truly impressive record, it must be said. But surely you must be getting a few deals wrong ( i.e loss making). For instance, days when the scrip opened with a gap up and stayed firm throughout the day (closing at the day's high) ....

    Have u shorted (and covered) on such days also ?

    What roughly is your win:loss ratio so far?


    By the way, today would have been a great day for you.... ONGC slummped !!
     
  3. vsparikh

    vsparikh New Member

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    Whether it is a day trading or a month trading (futures/options), with proper insight, discipline and proper stop-loss one can easily be afloat and happy.
    Most important is to stay to your target of profit/discipline-meaning knowing and following the trend and various price ranges-past and future estimated movements. Once one limits the outcomes with properly ranged STOPLOSSES,the profits could be and would always be there.Do not go with any emotions/greed/fear-be disciplined and good results surely follows you.
    By limiting your losses-with STOPLOSSES-you will not be wasting your time/money/energy-in recovering your unexpected losses-and correcting your treads.
     
  4. Ropewalker

    Ropewalker Member

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    Hi friends,

    Baat kuchh hazam nahi hua, hajmola hai? It sounds like printing currency notes. Remember talking on theory is one thing and implementing the strategy is something else.
    Well I mean this for the ONGC buying & selling stratregy posted by kgsirasangi.

    Thanks
    Ropewalker
     
    Last edited: Feb 5, 2006
  5. Saint

    Saint Banned

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    Hi Devang,

    Whole load of gibberish........think you have gone down a peg or two or more in the opinion of people who read the above posts.

    Saint
     
  6. LifeofEgypt

    LifeofEgypt New Member

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    I lose enough with my own money. I'll let the mutual funds handle it from here. Good luck! www.lifeofegypt.com
     

  7. UMMA

    UMMA New Member

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    Pksam
    Hi There
    Me Too Walked The Same Way U Come .
    But As For Now I Know To Trade In Small Quantity .....just Earning Little /loss Less If Went Wrong
    Use Quote Tracker
    For The Technical Anayisis
    And Trade In One Stock A Day And Same Stock For A Month So That
    U Will Get More Control Over The Suitation
    And Then Try Other Stock For Intraday
     
  8. nag_bh

    nag_bh New Member

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    day trading is not dangerous unless one has thorough knowledge about technical analysis of stock market. one should go with the flow and not act against the market movements. even i have lost more than what i have earned, but i have confidence of reversing the trend. as told by others, one should be less greedy and set realistic profit targets.
     
  9. hmp

    hmp Well-Known Member

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    hi nag bh,umma
    i agree with u. one can earn sureshot 1000 atleast daily if he follows pivot,resistence,and support levels.one should stick to one stock only and that should be a market leader and keep playing in that stock.he should follow trend of the market and keep on making long and short positions according to trend ,reistence and support levels.buy/sell atleast 200 nos.book profit/loss in one point only. dont get greedy. u will get ample opportunities in 5&half hours.any time u collect 1000 bucks just retire for that day and watch market rest of the day.follow the rules strictly and u wont be regreat.
    reg
     
    hello_betu and (deleted member) like this.
  10. kgsirasangi

    kgsirasangi Active Member

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    Very good, practical, and effective strategy.
    Thank you.
     
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