Paper v/s Real

[kuriako]

U wont know what is happening in your stomach!

The only comparison with this emotion is that what you felt during chilhood days when going into examination hall!!!

Sweating palms...Throbbing heart!!!

When real money is on the line, the emotional push is harder than paper trading! In papers also had some emotional push! But over came it through more and more practice!

Now on a small scale intraday trade!

Quit ONGC @ 1259 before it reached my target of 1260
Emotional push of fear!!!

Now I understand what the emotional push is!

And I am now my brokers best friend! Filling his pocket with more money by churning positions!!!

 

[newbee]

U wont know what is happening in your stomach!

The only comparison with this emotion is that what you felt during chilhood days when going into examination hall!!!

Sweating palms...Throbbing heart!!!

When real money is on the line, the emotional push is harder than paper trading! In papers also had some emotional push! But over came it through more and more practice!

Now on a small scale intraday trade!

Quit ONGC @ 1259 before it reached my target of 1260
Emotional push of fear!!!

Now I understand what the emotional push is!

And I am now my brokers best friend! Filling his pocket with more money by churning positions!!!

Hello Kuriako

Good luck with your trades, do keep us posted about your :s and s

Thanks
nb

 

[kuriako]

A big lost opportunity causes tension!

I was mourning over it! Unable to enter ONGC at a good rally!

So got frustrated!!!
And that was criminal- Tried to enter TCS at 1037!

First instance of slippage causing me a harm!

The trade took place @ Rs.1039.5

Only thing I left out was a CRY!!! My target was 1040!!!

I watched desperately till 3.25! The scrip hit my stoploss of 1034 many time. But when ever I tried to square off, it develops a bullish pattern!

Finally squared off it at 1038.5!

And thus lost some money for the first time in market!!!

Moral:- Dont be desperate if you miss a good move. The next rocket(or at least jet) to Sky high price is always waiting for you to board.

 

[tawakley]

Hi
Can any one tell why Jindal Steel & Power is showing such a run up.
Regards
Rajiv

 

[kuriako]

A 129% return!!!

Truly I missed it during my scan!!!
Frankly I dont know why!

 

[kuriako]

Another day of not much gain except for experience!

Everything was set for an entry to ONGC at 12.40!
In the moment I hit the RETURN key I saw the stock trading at my target at 1285! I wanted to get in at 1278!

An the immature mind flashed yesterdays experience with TCS! Fear!!!
So canceled at the confirmation stage!

And still crying over that missed Rocket!!!

Again got frustrated and switched to Infosys, bajajauto etc...
Concentrated on Infosys!

And made the trade in which the broker got more than me!!!
Slippage was also present! Gave oder at 1873! Order executed at 1871.15!

And thus a Rs.30/- gain for me!!!

 

[newbee]

Hello Kuriako

What is the bigger hurdle, the execution hiccups (slippage due to spread) or the indecision / doubts induced slippage?

Do you have a clear-cut Go / No-Go, criteria? Something the experts here would call as an objective entry/exit signal?

If yes can you use a SL order for entering a trade?

Thanks
Nb

PS: Guess you found a way to use 5 smiles

 

[kuriako]

I guess it is called limit order, newbee!

And about the entering and leaving a trade, I had never alloted this much slippage during my paper trades!

The largest emotional push comes when you enter the trade and the trade just moves against you! A feeling that words cant express!

But if the pattern is "IDEAL" I used to get trades all in my favor! The problem is FEAR of being right or wrong in the pattern analysis!

Real trading is far more different from Paper trading!

As always reiterating

"Market is the best teacher!"

 

[newbee]

Hello again

Just quoting something i was told

If you are playing pullbacks / retracements, use Limit orders, if you want to, buy/sell break outs use SL or market orders.

With limit orders, you are trading against the very short term trend, and have to accept/assume that the market may/will keep moving agianst your position a bit more even after your order is executed.

Actually the limit order itself is a contrarian plan, we want the market to pullback / retrace to our order, get a fill, and then reverse and go in opposite direction. In other words exact turning points, once you see it this way, you will be happy to get part of the pullback/reversal by using limit orders.

Hope am able to quote properly.

Hope u r able to reduce the e'slippages, do keep us posted.

Thanks
nb

 

[kuriako]

Today had a wonderful trade till now!!!

Same pattern as last day! So entered the trade of ONGC @ 1312.

And the same moment stock started slipping to 1307 level.

"Never Add to a losing position"- But emotion played the other way!
Bought some more and made the average price to come to 1311.23

Again had to see 1306!!!

Just sat with arm under ass!!! A sort of emotion like,I am here for experience not for money!

Had a fixed target of 1322! By the moment i was to place the order, market leaped to 1325!

Hit the keyboard hard to put the confirmation! Trade took place @ 1322!!!

And another slippage!

I guess the problem could be my "slow"est internet connection!

With download speed of just 1kbps, the upload speed would be still less!

Will upgrade to a broadband when it will make a foray into my "metropolitan city" telephone exchange.

Anyway till now had some small rough seas and some pleasant sunshine and breeze!

But one thing to tackle is "tension" that builds up when a trade is open!

And the "push" to go and see who came outside when you trade is open!!!
Trading from home has a disadvantage like this!!!

Relaxing after the trade! Dont know why! But I need to breath!!! Puh...


Thank you newbee for the nice post! Actually still to understand some of these points!!!

PS:-Hope I didnt exhaust my resource. Here goes the last one.