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Trading for a Living

Discuss Trading for a Living at the Trading Psychology within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by noworries Ratan Noora Sir Howz U SAB MAJA MAIN CHE What's this ...


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


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  #41  
Old 26th May 2007, 03:57 PM
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Default Re: Trading for a Living

Quote:
Originally Posted by noworries View Post
Ratan Noora Sir Howz U

SAB MAJA MAIN CHE
What's this nonsense? Don't you have anything better to do than taunting a fellow member?
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  #42  
Old 26th May 2007, 07:04 PM
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Default Re: Trading for a Living

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What's this nonsense? Don't you have anything better to do than taunting a fellow member?
chill KK...they have a long connection of borrowing some million bucks from some other post...though Ratan was yet to find out what this Noora (hint bhai) wa all about!
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  #43  
Old 26th May 2007, 07:06 PM
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Default Re: Trading for a Living

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Originally Posted by kkseal View Post
The passage could however be a nice illustration of the virtues of day-trading (of not carrying risks overnight) or the limitation of stop-losses in risk mitigation.

Regards,
Kalyan.
I still believe that let my stop be hit and I go in again (being wrong early) than have no capital to trade the right one later.
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  #44  
Old 26th May 2007, 09:02 PM
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Default Re: Trading for a Living

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Originally Posted by kkseal View Post
What's this nonsense? Don't you have anything better to do than taunting a fellow member?
what is ur problem mind ur own business

PS:just trying to make comm alive
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  #45  
Old 27th May 2007, 12:59 AM
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Originally Posted by beginner_av View Post
chill KK...they have a long connection of borrowing some million bucks from some other post...though Ratan was yet to find out what this Noora (hint bhai) wa all about!
Didn't know that. Then that's ok perhaps, between him & Ratan.
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  #46  
Old 27th May 2007, 01:04 AM
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Default Re: Trading for a Living

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what is ur problem
My problem is i like to see something substantive in the posts specially in the midst of a nice discussion. (A few polite words is fine, humour is also welcome - but humour without wit is trash imo.)

Quote:
mind ur own business
This forum is neither my 'business' nor yours, but there are certain precedents/standards of quality & culture set by the esteemed members which if preserved & continued would imho benefit us all in our trading business.

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PS:just trying to make comm alive
Would you 'liven up' your room decor with garbage? Even if you did would it be appealing in the eyes of others?
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  #47  
Old 27th May 2007, 01:30 AM
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Default Re: Trading for a Living



Thanks for taking my side, KKseal, appreciate it

Anyways......whats ur opinion.....how difficult is it to become COMPLETELY robotic? Is it possible? after all when big money is involved, emotions are allways trying to creep in...

I have observed that instead of ignoring my fear, I find it better to accept that I am feeling afraid, accept the fact that I may be wrong, let the feelings pass, as I have accepted the eventuality, and take the trade.

most times the most difficult to execute trades are the best trades, and slowly setting up picture perfect rades often fail, at least for me.

Opinions invited.

ps....I often think of employing a pretty young thing to execute my trades

terrified of the distraction during market hours though
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  #48  
Old 27th May 2007, 01:33 AM
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Default Re: Trading for a Living

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Originally Posted by beginner_av View Post
I still believe that let my stop be hit and I go in again (being wrong early) than have no capital to trade the right one later.
That's fine BAV, but in the article posted by Asish the trader already had a SL in place; but since the trend was still up (& assuming his system hadn't yet given a sell signal) he was simply riding the trend while locking in his targeted profit with a SL

Now something unprecedented happened overnight which caused the mkt to open below his stop lvl the next day & the poor bloke presumably suffered a loss.

The author has on the above premise blamed the trader for not sticking to his profit targets; but the point here is that the unprecedented can happen any time. What if it happened before his profit target had been reached? What would you blame him of in that case?

That is why i think the logic isn't right here for establishing what the author has supposedly established.

It would however been perfectly alright if he had cited this case to establish the benefits of daytrading (not carrying trades overnight = no overnight risk) or say to establish the limitations of SL as a risk-mitigation measure (i.e. arguing in favour of better hedging methods).

I had a read a simillar passage in some other thread glorifying the predictive/intuitive abilities of Jesse Livermore, but on a kindergarten premise; it implied that JL somehow intuitively knew of an impending earthquake (something that even seismologists - the experts of the field - can't predict) while the truth might have been that JS might have (intuitively) shorted the stock on the valid premse that it was overpriced or it has run up too much too fast & so a correction was inevitable. The earthquake was a happenstance, a mere coincidence. (Also intuition is not the same as clairvoyance. Intuition is a form of a subliminal logic that comes with long association & experience in a certain field).

Regards,
Kalyan.
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  #49  
Old 27th May 2007, 05:18 AM
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Default Re: Trading for a Living

Nicely summed up ,for those situation position sizeing may help , but again in Exchange Freezing nothing can be done,hence the method of putting all in 1 or in 5/10 equal will not help either.

Last edited by uasish; 27th May 2007 at 05:24 AM.
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  #50  
Old 27th May 2007, 12:45 PM
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Default Re: Trading for a Living

Quote:
Originally Posted by kkseal View Post
My problem is i like to see something substantive in the posts specially in the midst of a nice discussion. (A few polite words is fine, humour is also welcome - but humour without wit is trash imo.)



This forum is neither my 'business' nor yours, but there are certain precedents/standards of quality & culture set by the esteemed members which if preserved & continued would imho benefit us all in our trading business.



Would you 'liven up' your room decor with garbage? Even if you did would it be appealing in the eyes of others?

look whos talking GARBAGE OF THIS FORUM
stay away from my way big mouth

huh boring dead ppl
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