Trading for a Living

I have never really felt the need to be robotic in trading. I much prefer to remain a human with both my left-brain (analytic) & right-brain (intuitive) functions intact & active.

My methods aren't entirely mechanical either. You could say it's part mechanical & part discretionary. I use the mech part for a first level screening followed by the discr inputs. So a robot wouldn't know what what to trade in the first place.

I am very fastidious of an entry (wouldn't go for anything doubtful) but once everything points to a 'buy', i am generally eager to buy. The only times i feel frustated is when i'm fully invested and as such have to forego a nice buying opportunity. (So would be very happy with a larger trading acct. Would also aid risk-mgmt by helpin me to diversify better)

Not so comfy about shorting though; but that's because i haven't done a great deal of short-selling and am also not very sure-footed yet about Options (my shorting instrument). So i'm all tense & hanky-panky after a short. Hope this'll improve with time.

And yes, i used to be very hesitant about SLs, but have since developed a SL scheme with which i'm fairly comfortable (one thing i try to do is avoid the very obvious 'crowded' lvls that can be easily taken out by market makers & other 'conspirators').

A little bit of fear (as long as it doesn't paralyse you) can be good actually. Like with longs i sometimes get a bit complacent, go without SLs for a day or 2 when the momentum is there, but not so with shorts. With Options i'm always on my toes - keeping an eye on the TV ticker, refreshing the screen faster than it would refresh, everready to square -off should something go awry - all because of the fear.

As for the PYT - well, you'll know better. I'd prefer a PYA (pretty young android) so that there's no chance of 'her' getting distracted even if i was. Another option could be to get married (if you aren't already) and train your wife to execute the trades. Couples with a high degree of familiarity don't generally distract each other. But the downside is that she might actually be more mindful of your money (& hence more tense) than you are.

One reason for you stress could lie in your inherently stressful 'bet-till-you-win' method of martingales. But since you are successful with it, it's better left to your judgment as to whether you'd consider switching to something less stressful.

Regards,
Kalyan.

I have no interest whatsoever in how big a mouth one has, I am more interested in the mind. That is why interacting with great minds here is a big source of learning & ideas for me. Off course, having witnessed the 'quality' of your posts here & your plebeian notion of 'humour', i don't expect you to understand what i mean.

If you find the posts in this thread 'dead & boring' Fine. In that case
it would be pertinent to assume that henceforth you'd prefer to 'keep away' from it and spare us your 'livening up'.

Thanking you in advance for the same.

KALYAN.

You are absolutely right. In trading or in any aspect of life unprecedented can happen anytime. Now as a trader one has to decide what one wants and his method/system. If you work on strict R/R then when your Reward is hit, get out. If you work on the premise of profit maximization, stay in. so what if one trade has gone against you? the % that you make over your target by letting profit run in all trades will be far more than the loss that happened in one of these trades. If thats not the case you (i.e. a trader) is reading the market volatility wrongly or has poorly designed money management. As CV says most authors talk crap and can't trade their way out of a paper bag. In hindsight we can say everything. BTW is the author a professor?

kkseal...

You want meto let my wife know how much I make everyday? Then whats the use of trading! She will spend all of it !

And what if she executes a wrong trade I cant even scold her Dont wanna go without dinner

Nice Logic ,enjoyed it.

lol

All the best,Ratan

Saint

Thank god am not married as of now
enjoying bachelor life with few gals would be better option

hey noworries

How much have u learned in these last few days?

spend time going through imp threads.......try making a career out of trading , dont let it remain a time pass by wasting time

spend 3 years.... trading intraday.....then u will have time to leisurely cruise through forums

ok this is serious u got me bad
yeah am doing that sir was reading all chart and fundamental thing
its tough as of now i am daily trading with 60k app
my head just got stuck blank was reading charts and all pivot etc
i will keep ur advice thanks sir and dont mind my stupid jokes