Overall Capital Status.

NiftyFantasy

Well-Known Member
#1
Dear Members,
I want to share here overall capital increase/decrease by the members of this site. It will give me nothing but a satisfation. I had started share trading on 29th Feb2008 with a starting capital of 48k.

My capital shrinked to 10k by the end of may08. I have added again 20k+20k+10k in between but it is come down again at 12k yesterday. IS MARKET NE MERE MEHNAT KE KAMAYE HUE 86K (ALMOST MY 1 AND HALF YEARS SAVING) ASANI SE HAJAM KAR LIYE WITHOUT ANY HAZMOLA!! Now I have decided not to put more money in this GAME and SHUT DOWN MY DUKAN with the remaining few bucks in my hand.

My friends, aisa nahi hai ki main GADHA tha (I'm a software developer by profession) I have used all the strategies and trading types ie. deivery, intraday, future & options. TRADING KI KOI AISI VIDHA NAHI BACHI JISNE MERI LAAT AUR GHUNSON SE JAMKAR DHULAI NA KI HO :(. BADE BEABRU HO KE TERE KUCHE SE HUM NIKLE!!

I could definetly earn more money from anywhere else with the same effort I put in this market.

Now I am feeling that Rakesh Jhunjhunwala was saying right in his interview to Prabhu Chawla at AAJTAK "Is market mein 100 logon mein se 5 hi kamate hain, 5 no profit/no loss mein hote hain aur 90 log apna paisa dubate hain, par in 90 logon mein se 50 log jhooth bolte hain ki main achchi kamai kar raha hun"

Why did I ignored these golden words told by him. Why I felt that he is not right or he is misguiding others or I will not be in that 90 persons.

Now my conclusion is "this market is not for everyone this is only for some guys who have a lot of luck with him/her"

Please share your capital status with full honesty to keep some newbies away from there losses.

Anyways guys best of luck & the show must go on!! :)
Urs
Abhi
 
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#2
Dear Members,
I want to share here overall capital increase/decrease by the members of this site. It will give me nothing but a satisfation. I had started share trading on 29th Feb2008 with a starting capital of 48k.

My capital shrinked to 10k by the end of may08. I have added again 20k+20k+10k in between but it is come down again at 12k yesterday. IS MARKET NE MERE MEHNAT KE KAMAYE HUE 86K (ALMOST MY 1 AND HALF YEARS SAVING) ASANI SE HAJAM KAR LIYE WITHOUT ANY HAZMOLA!! Now I have decided not to put more money in this GAME and SHUT DOWN MY DUKAN with the remaining few bucks in my hand.

My friends, aisa nahi hai ki main GADHA tha (I'm a software developer by profession) I have used all the strategies and trading types ie. deivery, intraday, future & options. TRADING KI KOI AISI VIDHA NAHI BACHI JISNE MERI LAAT AUR GHUNSON SE JAMKAR DHULAI NA KI HO :(. BADE BEABRU HO KE TERE KUCHE SE HUM NIKLE!!

I could definetly earn more money from anywhere else with the same effort I put in this market.

Now I am feeling that Rakesh Jhunjhunwala was saying right in his interview to Prabhu Chawla at AAJTAK "Is market mein 100 logon mein se 5 hi kamate hain, 5 no profit/no loss mein hote hain aur 90 log apna paisa dubate hain, par in 90 logon mein se 50 log jhooth bolte hain ki main achchi kamai kar raha hun"

Why did I ignored these golden words told by him. Why I felt that he is not right or he is misguiding others or I will not be in that 90 persons.

Now my conclusion is "this market is not for everyone this is only for some guys who have a lot of luck with him/her"

Please share your capital status with full honesty to keep some newbies away from there losses.

Anyways guys best of luck & the show must go on!! :)
Urs
Abhi
Abhi,

Feel sorry for all your losses (and for those 90% people including those liers !)....wishes that you would recover those losses somehow...

Just wondering what technique/tools/strategy you used which worked and did not work...MA/RSI/MACD/Candle-Sticks/60 Mins etc??

rgds, Nisha
 
#3
niftyfantasy!

moving in right direction of price...that is what is required.don't say that you have used and know all about market...what i feel is you need more observation and analytical abilities about market....you may be software developer...but that does not mean that you can easily predict market movements...just remember the initial day of your software job and at the end of a year how far you matured...time and patience is always needed to get along with anything with lot of dedication.

go back to you basics and start....remember..all tools has pros and cons...everything is not reflected in one tool.

take fresh breath and go back to your trading basics ..this time you will emerge winner.

regards
suba
 

NiftyFantasy

Well-Known Member
#4
Thank you very much the all gentlemen for your invalueable suggestions. It is encouraging me to fight and get my all money back with a lot of discipline and proper plain.
Friends, I will definitely come back but after sometime.

Once again thank you very much!

Abhi
 

NOMINDTR

Well-Known Member
#5
Dear NiftyFantacy,

Sorry for the loss you incurred.

In humble opinion, I suggest you to take a "pause". Stop trading.

Review your trading system, emotions, and self discipline

Start it fresh again. Limited trading capital will always give you a lot of constrains which would make you disciplined.

Don't let it down. It is the test you have to pass. Just imagine if you have done the reverse of your trades, you must have earned money.

The market always give chance to make profit and loss.

I believe this is the time you have to redesign your trading engine and emotional intelligence.

If you would make it, you will realize that "your loss is your intellectual investment for your trading business". Please don't let it be a loss. Make it as an investment.

Cheers and Happy Systematic Trading
 
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