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learning of a discreationary trader

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Trading Psychology Discuss the psychological aspects of trading such as fear, greed and discipline.


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  #11  
Old 26th July 2007, 09:45 AM
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Default Re: learning of a discreationary trader

Wrong Mentee
..................
.believe In Gossip[enjoy Loose Talk]
..expect Immidiate Soln[answer To Problem..not Capable To Handle]
................................................
Conclusion
....................
A Mentee Require[need]........
1.a Critical Friend
2. A Confidant[some Sort Of Emotional Support]
3. A Source Of Knowledge
..................................
Matching Of Mentor And Mentee...
Learning And Development....do I Need Training?
............................
Time Management Issue [which I Dont Write Considering Boring To Readers]
.............recording Of What I Learn
..............priority Issue...seriousness
.................................................. ..
Tips For Learning To Trade
.........................................
1.avoid Being Judgemental.
2. Dont Expect To Get All Answer...be Clear About Expectation Vs. Bourdary[concept Of Out Of Bounds For U]
3.stand Back From Issue[over Anxiety]..and See From Back [long Term View]
4.accept Challenge To Learn
5. Always Take A +ive View ...have Faith
6. Discuss Issue Openly And Monitor Own Progress.
.................................................. ..................................
Hope Now U Understand ..the Heading Of Thread.......
....this View R Personal..which I Find Useful In Prctical Project Management And As Amateur Trader
..........................
Many An Experienced Trader Put His Discreationary Oulook ....r Most Welcome
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  #12  
Old 26th July 2007, 10:53 AM
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Default Re: learning of a discreationary trader

hi uasish,
www.tradeguider.com...and wordens ..new tool ..i find useful ....
ur comment pl
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  #13  
Old 26th July 2007, 04:22 PM
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Default Re: learning of a discreationary trader

here i give a small hints ...how discreationary trading works......
scrip ongc
...............
background : new cmd...old finance hand...know aptly how to handle govt...
luck with him...global oil price high...
....he does a negotiation...price realisation shall be higher...however he shall bear burden of subsidy....ofcourse little less compare to past.
...its standard practice ..good result r publish early...just remember ..annual result published last month bad...
...now comes info...2new tanker of global oil come 2 india...hence profitability higher
as all of us know last 2day ...ongc is moving up.......reason...good estimate of result ...given to fund manager...to has taken small position ...but big holding now...as well price shall not go below...66$/barrel
other scenario...all of us know ongc has low float...so nearly 4-5 big fii can buy to control it...why fii? because they play on oil[crude]..so better ..confident view[it may be wrong]..
now who is major seller...a reputed fund manager...with big money...alas he is losing...[see todays future fig..u can understand]
.....so short covering started.........a big rise expected...in sept result out...
see the call of august.........how bullish....an eps jump of 50% quarter to quarter basis...net profit 2600cr...to 4600 cr,..from march to june 07.
....already ...4 analyst...has given good call to long term safe buy...they themselves start buy...just see..todays volume...cash ...future..delivery %
...situation is promising...as no body dare no short now ..seeing that fund manager's big loss[rumor around 70 cr]
......now u see chart tonight...use yahoo-finance u have nothing...see 5day to see swing...aroon/adx...given buy signal...and mfi is ++
....now the key as a trader shall u buy in cash....
...no better buy...future...which has 8/-disount...or buy all call which has definite cash target of 980 within august....
its definite last high shall be broken...the way nifty recovers today
..........
but cash below 923...stop is must
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  #14  
Old 28th July 2007, 06:57 AM
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Default Re: learning of a discreationary trader

market again humble me..fii and mf if both starts selling.....only to jump and swim...art of survival.hence never fight market..create a info base..by which danger news come to u...but act or execution...is not so easy...its same like taking bullet out of u in operational table..when u yourself is doctor........
ask any short player ...its d-day.
hence imp. of moneyflow --threat percept..creating panick syndrome...main tool of bear...what goes up must come down
.......dont play break out now...buy at deep down ..after one month..for bear..short and short
...
good luck
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  #15  
Old 2nd August 2007, 05:22 AM
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Default Re: learning of a discreationary trader

market behaves as its suppose to behave. in india i find very poor knowledge on trading...particularly to teach trading in real sense...hence i try to do a school concept and later college one...as i am amateur...college course i can not guide nor write...hope some good professional soul help shall come
waiting for a reply
collectively some great heart may also contribute...hey u have to give time -effort-for a cause.
ok i am starting now.
school is of upto class 12...10 +2
...classes can be not a year in a sense,...may be 3month to someone...may be 3 yr to other
class 1,2......10,...may be some of which u already know
...only structure wise differently represented
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  #16  
Old 2nd August 2007, 05:35 AM
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Default Re: learning of a discreationary trader

individual ...student who is ready to learn
teacher...trade mentor.
they r many...successful trader...learned from hard knock from market...like me and still learning...bookidea of some great trader
library...ur soft copy and hard copy
study and learning at own pace.
exam centre...market
pass and grade...money earning
performance evolution..trade journal
requirement : some other book ,reference, software, printing m/c.other dealer
most imp drawback ...time availability and hard work
plus pt/:crystal clear view
...............................
year...does not mean a course can not be learned within a month
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  #17  
Old 2nd August 2007, 05:40 AM
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Default Re: learning of a discreationary trader

class 1
.............
what is stock market....financial system of a country....economy,business environment of a country,moneyflow in a country
stability ..in political sense,..war ...flood/earthquake...acts of god...how behavior shown in past
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  #18  
Old 2nd August 2007, 05:43 AM
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Default Re: learning of a discreationary trader

class 2
............
why one is trading in market?
stock trading system
f&o
...
loss aversion.
willingness to learn and test idea.....where i stand
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  #19  
Old 2nd August 2007, 05:46 AM
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Default Re: learning of a discreationary trader

class3
...........
my plus pt.....my minus pt

how i become a trader?
what r the quality of a successful trader?
...........which i want to......how i shall myself to achieve it.....discipline and behavior modification
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  #20  
Old 2nd August 2007, 05:52 AM
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Default Re: learning of a discreationary trader

class 4
...........

order entry system,market order..stop order..limit order
margin
money management
probability of a direction
low risk trade.
concept of leverage
stop concept
derisk model
scan concept
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