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  #21  
Old 7th August 2016, 10:53 AM
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Default Re: Smart_Trade Fan Club

Quote:
It all boils down to whether we make money or not. In our society, the people with money command respect, be it builders,sportsmen,politicians,filmstars even goons and black marketers..

When we make money consistantly, family and society respects us. But traders generally are hand to mouth, they have small capital,they take large positions in the bid to make money quickly and suffer losses in the process.

Things are improving. My friend who was an industrialist sold some of his factories recently and he has invested the money( large amount ) he received in Motilal Oswal PMS ...that is he preferred investment in markets to investments in land, gold etc.

Last week husband and wife both very successful doctors in my relation came to my house for advice on investments. They wanted me to manege their funds but when told that I dont manage outside money, they said please guide us from time to time....so people have started looking at stock markets with respect and confidence.

Smart_trade
http://www.traderji.com/general-trad...chat-3903.html


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  #22  
Old 7th August 2016, 11:06 AM
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Default Re: Smart_Trade Fan Club

Quote:
Originally Posted by Smart_trade View Post
It took me about 12 to 15 years to come to a stage where if I don't earm a single rupee from the market,all my present and future financial needs are fulfilled/taken care of.This include inflation,retirement fund,medical corpus for the family etc.

Smart_trade
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  #23  
Old 7th August 2016, 01:35 PM
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Default Re: Smart_Trade Fan Club

Not that ST requires anyone's certificate, but still I must write what I feel. Though I have registered in TJ long back but I only started actively following it recently. What I find is that not only he is a super trader but much more than that he is an excellent human being, ever willing to help and guide others. In today's world it is hard to find such qualities.


Na re bhai na.....I still make wrong trades, make trading mistakes so nothing like supertrader. Let me be firmly grounded with my feet on the ground...but following good trading principles definately makes one a profitable trader ...consistantly profitable...weeks after weeks...month after months. Any one can achieve it with hard work,mind control and few years of screen experience....

Let me be a trader one amongst all of you here...

Smart_trade
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  #24  
Old 7th August 2016, 06:44 PM
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Default Re: Smart_Trade Fan Club

Thanks a lot.

A big respect for ST sir.
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  #25  
Old 7th August 2016, 06:46 PM
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Default Re: Smart_Trade Fan Club

Thanks a lot.

Love to hear more from sir.
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  #26  
Old 7th August 2016, 10:13 PM
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Default Re: Smart_Trade Fan Club

Thanks a lot @sana,@niceman,@Vijay,@Subhadip.. Continue sharing ST da posts.

I was thinking, how we can make this thread more useful, @Sana showed us. Why not we should add/share those posts of ST sir, which impact you most and how, in your trading/life etc with reference of that post. Because, people like me sometime miss that subtle details. For example

In my case, the consistency in his posts:

Today

Quote:
Originally Posted by Smart_trade View Post
Are you considering appreciation in plot of land ? If you are considering flats then 10 X is a very good appreciation in your area.

I have bought a flat in 2001 and still holding it.It gave appreciation of 9x Max if I go to sell it today.If I had invested same amount in HDFC equity fund growth,it would have given nearly 25x.

Smart_trade
In 2015

Quote:
Originally Posted by Smart_trade View Post
I bought a flat in a good locality in 2001( and that was the bottom of real estate cycle...though I did not time it, it just happened ) and still holding that today...it appreciated by 8 times only ( and this is one of the best areas of my city ) If you take equivalent brand new flat in the same locality it would be 10-12 times max.

ST
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  #27  
Old 9th August 2016, 04:40 AM
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Default Re: Smart_Trade Fan Club

Traders Trading Cycle Post--Shared by X-ray bro!!

Quote:
There are very predictable stages in any traders trading cycle.They are as under :

1) Total beginner stage : We all started with this stage...we make some money on shares bought on tips and recommendations of someone and feel that this is a good way of earning some extra income....quick and easy money...but soon we get disillusioned as some tips fail and we are left with holding some worthless stock....then we decide that we must make our own study and make our own decisions....

2) Holy Grail Indicator/method stage :Then comes a stage in which we desperately go after books,new indicators,Metastock,Amibroker,tradestation,RSI,RO C,MACD...etc .We are fully convinced that out there there is some secret formula,some magical indicator or some key to trading riches...and if we manage to find out that we will make it in trading.....this search continues for long time...and we finally realise that there is no holy grail or a super indicator which will never fail.This is a stage where one believes that to be successful you need to have contacts with operators,inside information,market movers etc

3) Kabhi Khushi Kabhi Gum Stage : Then we come to Kabhi Khushi Kabhi Gum stage.....actually it is " Less Khushi More Gum " stage here we take trades on some indicator.....it sometimes makes money,sometimes looses money....whenever it makes money,we grab it because we have a baggage of earlier losses and we dont want to let these small profits go....and invariably some loosing trades...we overstay in loosing trades as we cannot affort to take losses....this also continues for a long time......

4)Consistant Small Profits Stage : Then we come to consistantly small profits stage and here we trade small lots,we are quick to cut our losses and also quick to take profits....we dont make big profits but we remain net positive and hand to mouth traders....just barely meet our expences

5 Professional Consistantly Profitable Stage : : Next stage is consistantly profitable trader stage who trades for living....he has by now understood that there is no "Holy Grail" ,the key is not the entry but money management,position sizing and trade management....having a control over our emotions while winning or loosing....but he still has not figured out how to go in the large multicontracts trading stage.....his trading capital increases at steady 40 to 80 % per annum.....still hungry for achieving next stage....

6) Master Trader Stage : Here traders are very happy and at rest in their minds....large quantities,large profits....but all achieved not through taking large initial risks but taking controlled risks ,adds,holding positions till the trend at hand is in force and quickly reversing when the trend changes....their mind is quiet....no turbulance...this is where they make between 300 % to 800 % returns on their trading capital per year.....

Every trader has to undergo these stages....there are no shortcuts....you may reduce the time spent in each stage depending on your efforts...this is a road with stones and thorns....and we have to walk this road barefoot ourselves...nobdy can do it for us....but if we make it, at the end of the road there is a beautiful life awaiting you,life of self confidence knowing that you can make a very decent living with your head held up,you are not dependent on anything or any one...no bossing,no office politics,no payment defaults.....and you will not exchange this with anything else.....

Best wishes for every one to graduate to master trader stage.....

Smart_trade
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  #28  
Old 13th August 2016, 06:56 AM
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Default Re: Smart_Trade Fan Club

Happy Independence day to my all TJ friends with Excellent message from ST sir.

Quote:
Originally Posted by Smart_trade View Post
Happy Independence day to all our members.

Independence for a trader means independence from loosing periods, failures,lack of self confidence, lack of confidence in public...more than half the problems of trader members will be solved if they make consistant money in the markets. Losses give rise to mental conflicts, tensions at home, low self esteem and social acceptance.

The success in trading needs good trading method, knowing our psychology,timeframe, position sizing, discipline, MM, adequate capitalisation etc...and new members struggle with all these for a long time. I know that because I have been there....

Our members keep sharing their ideas, methods etc on all the above points but all of us know few successful traders outside this forum or some successful traders who are our members but remain silent. The reasons could be they dont want unnecessary fights, one up- manship, "I am better than all" syndrome, and they prefer not to post and waste their energies in unproductive things. Can we identify such people and let me know their area of specialisation and contacts details, I will send an invitation to them on behalf of the forum to start a thread on any of the above topics in a special area. This will be " No Tolerence Area" and any insulting, irritating, arrogant post will be deleted and the person will be given a warning...and another attempt the person will be dealt with firmly. We will assure our guests that no nonsense will be tolerated in their thread.I have been in this forum for 6 years and my experience is that such negative posts are either from guys who come to TJ for spotting clients for their services or from total negative people who dont see anything good in this world. For few such people we should not let our majority of the members suffer.

The above is an initiative to aid our struggling trader members and the people running their tips service, people who will say that they will post the calls but not post the method will not be invited to post there. The method has to be explained so that our traders benefit by experience of these successful traders.

We are open to the ideas from our members.... let us make this independence day as a beginning towards independence from all the shackles which bind the traders.

Have a great long weekend...

Smart_trade

Note : I realised that in announcement section , this thread will not be noticed by all...so opening in Markets...futures section.
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  #29  
Old 13th August 2016, 07:00 AM
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Default Re: Smart_Trade Fan Club

Although message is for financial year, we can make goal for our financial freedom from 15th Aug, 2016 to 15th Aug, 2017.

Quote:
Originally Posted by Smart_trade View Post
New financial year has started and usually beginning of the year is a good time to think about the previous year and what we want to achieve in the current year. Few thoughts :

1) Think about the previous year, what you could have done better and what resources are required to do better.

2)Set goals for the current year,break those down in monthly goals.Analyse the targets met and variance from the targets every month and reasons for that variance.Goals should be little hard to achieve but must be reasonable.Goal could be as simple as being profitable in atleast 9 Months out of 12 months of the current year.

3 ) Plan for future. We traders don't have any financial security so start building your own security nest...start a small SIP in a mutual fund,if you have accumulated some money,think of booking some real estate.These investments will give you different streams of future income.Keep written notes about all your investments.

4) Have good life insurance cover so that people dependent on you will not face financial difficulties if something happens to you. Invest part of your earnings for a separate fund which should not be touched and kept for medical expenses if some medical emergency comes up in the family. Medical care is very expensive now a days and some major illness of a family member can set you back by 5-6 lacs easily. So plan to have a good corpus in this fund.

5) Invest in Public Providend Fund and ELSS mutual fund.

6) Plan for atleast 1 long and 2 short vacations every year with the family....absolutely must for us.

Many more points could be added but enough for first week of the new financial year.

Smart_trade
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  #30  
Old 22nd August 2016, 12:26 PM
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Default Re: Smart_Trade Fan Club

ST Sir on Capital Formation and Preservation :

Quote:
Originally Posted by Smart_Trade
Originally Posted by Smart_trade View Post
This is the problem which every new trader has to face. What % to reinvest depends on whether one is in capital building stage or capital preservation stage. In capital building stage of a new trader his capital is small, household expenses and housing loan installments take away major chunk of the profits leaving very little for capital formation. This happens with every new trader. It happened with me too and the capital formation is slow. But one should invest back 50 % of the profits in capital formation stage. Once capital acquires a critical mass, then the profits increase rapidly and our expenses dont increase in the same proportion and then the capital formation process becomes faster.

In capital preservation stage all financial needs, present and future , are met and the trader trades not for making more money but he trades because he enjoys it and that gives him occupation and income apart from fulfilling his passion. In this stage money ,though important, assumes lower priority. In that case he may take out all 100 % of profits and invest it elsewhere.

I too used to have same questions when I was in capital formation stage, I was into trading full time, no other income source,no inheritance in terms of money, and household expenses and HDFC housing loan installments to be met from trading income....but after a few years the capital grows in exponential proportion....so just concentrate on trading well and making consistant profits...all other things will fall in place .

Smart_trade
Quote:
Originally Posted by Smart_Trade
Originally Posted by Smart_trade View Post
Between Capital formation and Capital Preservation there is one stage of Capital Growth. In this stage trader adds 80-85 % of his profits ( after taxes) into his capital and trades aggressively. This is the stage where the capital is grown exponentially,as the profits are much bigger than the withdrawal for expenses.

Every trader has to walk this path in his trading career.

Smart_trade

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