Where did ASHWANI GUJRAL (Expert?) went wrong?

Guys.
First of all thanks so much for your support in difficult time.
For those who dont know , I invested 1 crore with Ashwani Gujral and lost 30 lakh in one year (boom time March 09 to April 2010).
http://www.traderji.com/general-tra...ted-1-crore-now-down-30-lacs-how-recover.html

This therd is about educating all of us about what went wrong.
Belive me , Experts can also do these mistakes.

Mistake-

1. (greed) Poor money management rules (He used to trade 5000 Nifty contracts)
2. (all eggs in one basket) No diversification , only Nifty Nifty and Nifty for complet 1 crore.
3. (Emotion) Overconfidant looking at lot size.:annoyed:
4. No cash Delivery for safe smooth long sail.
5. (try to catch the market) Buy high and sell low.:clapping:
6. (Rash, no plan or strategy) On the top of that, take huge losses and take reverse positin and take another huge loss.
7. (Hope) Stop looses used to be in 5 to 7 lakhs( i.e. 5 to 7 % per trade) :rofl:
8. (Denial and arogance) And sometimes there wont be any stop loss. Once the position went 400 pts down, but the guy was still holding it. I was luck , the market bounce back and we recoved the losses. I got the notice from Religare to add more money as the margine was short. Almost on verge of bankrupcy.
9. (Cut the hen to get all the golden eggs) Over trading. He is complusive trader. no day without trades. I used to wonder about his positons, even I could make out that this is not correct trade, Somtimes I used to feel he pressed wrong button by mistake.

So any expert or common man can looses money who do not follow money management and dicipline.

Please, let us learn from it.

I would appriciate if some guys can give more examples of so called EXPERTS who have performed worst and some are even bankrupt.

Regards,
dk

It looks embarrassing rather a bit sceptical-u know all the money management rules still u entrusted such a big amount to somebody else.Believe that u hav already withdrawn the amt????

I knew all the rules as I was educated by reding Ashwani Gujral Books.
I was little sucessfull also but with very samll money and time was another constraint. So I choose his paid service. I read somewhere that the beginers can relay on Experts. Any way , lessosn learnt. Handle your own baby.

i have alredy closed the account.

About you being sceptical, i can only give you my account number and his phone number, you can ask them how much losses I have encured. I dont want to waste my time and foms time in proving that I am not lieing. I know my pain.

I am really sorry that I hurt u by my unsolicited words.It was difficult for me to digest primafacie the whole of ur episode,that is why responded so.
If u r willing to spend time ,please go through the threads by AW10 especially the one on low risk strategies on options and on the NR7 setup. believe that u may be able to derive a setup based on his knowledge.
Apologies once again from my part on hurting u.

Guys.
First of all thanks so much for your support in difficult time.
For those who dont know , I invested 1 crore with Ashwani Gujral and lost 30 lakh in one year (boom time March 09 to April 2010).
http://www.traderji.com/general-tra...ted-1-crore-now-down-30-lacs-how-recover.html

This therd is about educating all of us about what went wrong.
Belive me , Experts can also do these mistakes.

Mistake- (Weekness)

1. (greed) Poor money management rules (He used to trade 5000 Nifty contracts)
2. (all eggs in one basket) No diversification , only Nifty Nifty and Nifty for complet 1 crore.
3. (Emotion) Overconfidant looking at lot size.:annoyed:
4. No cash Delivery for safe smooth long sail.
5. (try to catch the market) Buy high and sell low.:clapping:
6. (Rash, no plan or strategy) On the top of that, take huge losses and take reverse positin and take another huge loss.
7. (Hope) Stop looses used to be in 5 to 7 lakhs( i.e. 5 to 7 % per trade) :rofl:
8. (Denial and arogance) And sometimes there wont be any stop loss. Once the position went 400 pts down, but the guy was still holding it. I was luck , the market bounce back and we recoved the losses. I got the notice from Religare to add more money as the margine was short. Almost on verge of bankrupcy.
9. (Cut the hen to get all the golden eggs) Over trading. He is complusive trader. no day without trades. I used to wonder about his positons, even I could make out that this is not correct trade, Somtimes I used to feel he pressed wrong button by mistake.

His strength is - HE NEVER ADDED TO LOSS MAKING POSITIONS (otherwise I would have been out in 1 month).
Thats the only skill he possess.


So any expert or common man can looses money who do not follow money management and dicipline.

Please, let us learn from it.

I would appriciate if some guys can give more examples of so called EXPERTS who have performed worst and some are even bankrupt.

Regards,
dk

Guys.

First of all thanks so much for your support in difficult time.
For those who dont know , I invested 1 crore with Ashwani Gujral and lost 30 lakh in one year (boom time March 09 to April 2010).

This therd is about educating all of us about what went wrong.
Belive me , Experts can also do these mistakes.

Mistake- (Weekness)

So any expert or common man can looses money who do not follow money management and dicipline.

Please, let us learn from it.

I would appriciate if some guys can give more examples of so called EXPERTS who have performed worst and some are even bankrupt.

Regards,
dk