Indian Traders

#1
What kind of psychology does traders carry in India?

I can find most of traders quitting trading just because of losses..

A mere loss turns them off.

My friend ended trade just because he suffered loss in just 2 scrips that too intraday.

I really don't understand the mentality. :annoyed:
 

manishchan

Well-Known Member
#2
What kind of psychology does traders carry in India?

I can find most of traders quitting trading just because of losses..

A mere loss turns them off.

My friend ended trade just because he suffered loss in just 2 scrips that too intraday.

I really don't understand the mentality. :annoyed:
Why are you generalizing everyone with your friend. How many have you seen personally quitting after trading in just 2 scripts. :annoyed:
 

nirav_j

Well-Known Member
#5
not comparing only with my friend...... I have a lots of examples. I dont know why this happens?
To be honest im having trouble understanding the point of this thread. :eek:

if you know people who quit after some bad trades, how does that equate to "indian mentality" .. :confused:

AND, how does it matter to either you or me if some folks quit after 1 or 2 bad trades ...
I mean how will it help you if you figure out the answer to your question ??
 
#6
nirav ji sir,

I only want to know why do people exit if they suffer loss. Did they started with only profit motive?
Profit and loss are only a part of trading and to quit with an excuse of loss really disappoints me.
 

manishchan

Well-Known Member
#7
nirav ji sir,

I only want to know why do people exit if they suffer loss. Did they started with only profit motive?
Profit and loss are only a part of trading and to quit with an excuse of loss really disappoints me.
Vineet : There could be several reasons for people to quit trading. Few of them are as following :

1. Person unable to bear continuous losses and have personal/family needs to be met.

2. Doesn't have proper strategy to control the losses and come out profitable at the end.

3. Have taken much bigger loss thane he/she can bear at the beginning and that has shaken his confidence in trading.

4. Person has been trading without any strategy/ RR/ MM and wanted to become rich overnight.

All these things will always have negative bearings on traders mind and he/she would end up quitting.
 
#8
Traders in India are as same the other any where else in the world . No body stops a business because its profitable , losses would be the prime reason why one would stop trading .

Losing money in some quantum would have the effect of driving home the point that one is no equipped to judge the market or trade the market with the current knowledge level,

All of us have heard the stories of Buffet , jujunwala,s and Mehtha minting their millions off the market , initially we would approach the market with attitude of conquering it . Its only losses , bad calls and more loses which would wisen us to understand that the market cannot be conquered . The ones who make the money are the ones who walk along

market is never about a lost opportunity but finding the next one , getting in and getting out is the key to being a trader or ex trader

Carry a smile :)
 

Jai Mata Di

Well-Known Member
#9
What kind of psychology does traders carry in India?

I can find most of traders quitting trading just because of losses..

A mere loss turns them off.

My friend ended trade just because he suffered loss in just 2 scrips that too intraday.

I really don't understand the mentality. :annoyed:
-----------------


THE REASON IS:

If you can't stand the heat , get out the kitchen.

If you can't stand the stress , leave the situation.

THIS IS UNIVERSAL TRUTH.
:lol:
 

onlinegtrash

Well-Known Member
#10
What kind of psychology does traders carry in India?

I can find most of traders quitting trading just because of losses..

A mere loss turns them off.

My friend ended trade just because he suffered loss in just 2 scrips that too intraday.

I really don't understand the mentality. :annoyed:
Although one can't generalize to every Indian traders obviously, your observation fits to decent junk of Indian population.

The reason could be:
* Culture and Mindset
* Personal level of Intelligence and Emotional Quotients.

Indian culture is generally skeptical about business, calling someone 'you are perfect businessman' is often not a compliment on the other hand 'he is a great teacher/doctor' is a compliment!

Indian culture and other oriental cultures seriously lack entrepreneurial spirit and independent thinking... In house dad makes all decision, in school teachers take all the decision... even in marriage... mostly its parents. Instead of questioning status quo, people are happy to preserve it. Ofcourse we can cherry pick successful Indian entrepreneurs but generally huge mass of Indians are trained for 9-5 desk job for atleast 25 years.
Even the existing business men and entrepreneurs have to reframe their success as 'its not all about profits' or 'will give back as if atoning for a sin' and still mother Teressa or a saint beat the business man hands down in respect from society. Although business men have done way more good than any saints and swamijis.

In India gamblers are frowned down and even cricket/sports betting is seen 'evil thing'.
Speculators are people from hell who makes profit from others misery and loss.

and like any other people in this world, Indians are extra sensitive to losses.

Now add these things:
a) guilt towards business and seeing profits as taboo secret pleasure.
b) seeing trading as gambling and ripping off hard working guys
c) speculators are villains never heroes
d) social pressure to stop being an ******* who makes profit from just flipping stocks, disrespectful gambler or evil speculator.

no wonder... most guys are preset to exit even before they enter!