Trading Nifty

Originally Posted by rkkarnani

Sir, There was no need to apologise. As I said I am quiet junior to you as far as Stock mkt is concerned.
As far as SL is concerned your anology: "Pardon me for this anology, but you do not marry with a Stop loss in place do you? You do not take up a job with a stop loss in position.. You do not send your son to school with a stop loss in place... These decisions are well thought off, not taken at the spur of the moment... So why should market decisions be taken at the spur of the moment?" The comparisons are not worth considering at all. This reminds me of an ad of a Peppermint which was to counter the brand POLO, it read : "IF YOU DO NOT HAVE A HOLE IN YOUR BRAIN WHY SHOULD YOU HAVE HOLE IN YOUR MINT".
Jokes apart, SL is money for me, and pardon me I made more money with my usual trading nifty with SL than the paper trade i did with your system. THOUGH LET ME ACCEPT THAT I WAS VERY SURE THAT YOUR SYSTEM WOULD FAIL WHEN YOUR FIRST POST APPEARED. You did proove me and others wrong. But again the question comes of consistancy of returns. Moreover after a few posts of yours I did realise that you also have a SL and that is in the form of a HEDGE POSITION. We have different methodology as you had in some post argued in similar line and at that time it did not appeal to me because I was totally focussed that trades without SL are simply NO NO NO NO!!!!!!! People who trade with SL do not take mkt casually, they respect the price movement. For people like me who trade on the basis of SL the price movement tells all that is there to know about the stock the operators the management. The price movement is supreme. We do not care how the operators move the market. Our risk reward is in our favour with proper money management and SL we consistantly gain. Due to SL we loose some we save some but as the odds are in our favour we over a period post a positive result. The most important ingredient in our trade is DISCIPLINE.
Anybody and everybody respects money, but where does the comparision comes about it vis a vis a SL. SL is there becoz I respect my money and am not ready to loose beyond a certain limit.
BTW I am a Marwari not Sindhi and have a very good business background. And this background has helped me take the stock mkt. also as a proper biz. and not a gambling arena.
Nice to have interacted with you.
All the best young man for a bright healthy and prosperous future.
Regards.
-R.K.Karnani

Originally Posted by uasish

R.K.Karnani,
Nice to hear that you are from Kolkata that also of my age would love to interact with you in person if possible some day.

Asish