Quotable quotes

bvpraveen · #1 5th February 2007, 01:25 PM

Hello all,

These are some of the quotes of different members in Traderji, who had voiced their opinion for a trader who had "Allready lost 90%". I collected them and kept in my system. But just thought of sharing here...
[No offence meant to anybody]

* "If you want to fly an aeroplane first learn it...."

* No pointing in attempting 10th class exams, when you dont know what are A,B,C,D and what is 2+ 2?

* Actually trading is pretty simple. Like any other business you got to know when to buy and when to sell. Ah, thats the trick!

* Avoid day-trading initially.Try Swing trades.

* Never love ur stock.

* For a seasoned trader anything less than 100% per month is a waste of time while others are satisfied with a 50% return per annum on their capital

* Tell me one thing? What are you gonna do with all those millions you want to earn from the markets? (My favorite quote which has changed my perception over money making in stock market.)

* I too was in the same league 2 years back, squablling for the Magic, that will get me my lost money. A Visit to Traderji has changed all that and rest is history and everyone knows me ( for some of my contributions here).

* People tend to forget that in other professions it takes at least 4 yrs of professional education and at least a year of on-the-job learning before you are on any kind of career path. Why should it be any different in trading (where the risks are much higher)?

* The point here is about treating trading as a business and taking the time to learn the ropes. Trying to make lost money back or trying to make such and such amount every day is a very newbie approach. Your job as a trader is to capture certain amount of price range in a risk efficient manner, nothing more nothing less, money is a just a by-product.

* Markets are always Right, whether they are Up or Down.

* Do you know how much manhours I have put in to my work? So should I upload all the systems and mail him? Whoever told you trading is a team sport.

Best regards,
Praveen.

swagat86 · #2 5th February 2007, 02:10 PM

they are realy worth a separate thread man.

Excellent

Thanks Praveen

Bullet · #3 5th February 2007, 08:13 PM

Quote:

Originally Posted by bvpraveen

* Tell me one thing? What are you gonna do with all those millions you want to earn from the markets? (My favorite quote which has changed my perception over money making in stock market.)

Me too..
Never thought before

Great Thread.

bvpraveen · #4 5th February 2007, 08:28 PM

Quote:

Originally Posted by Bullet

Me too..
Never thought before

Thanks Swagat and Bullet.

Praveen.

beginner_av · #5 6th February 2007, 08:00 PM

really? great that u have thought now? so what are u going to do with them?
buy up amazon forests and save them? donate to political campaigns? how about philanthropy? would love to read your answers...

beginner_av · #6 7th February 2007, 09:43 PM

hey praveen...did u get ur answer...it can really drive ur trading...

bvpraveen · #7 7th February 2007, 10:16 PM

Quote:

Originally Posted by beginner_av

hey praveen...did u get ur answer...it can really drive ur trading...

Avi,

I thought you were asking Bullet.

So here I go. During my initial stage of learning TA, around 6 months back, I'd thought of making huge and huge money. At that time as a typical novice, I started with concentrating on intraday, thinking that I can make huge money easily there with high leverages. When ever I tried to come up with a trading system(fortunately I did came up with one system, although a basic one), I always tried them in intraday charts. My aim at that time was 1% per day with 5X margin! So 100% seemed very much possible.

Time went by, so did my money making aim. I made calculations with the great factor - compounding. It seemed with 50% the money becomes 120 times at the end of the year. With 100% it around 4096 times.

Time went by. I realized some mistakes which I'd been making in the process of learning TA. Thanks to this forum and various resources and my personal thoughts, I started to think logically.

At this point, I happened to read all the comments which we got for the thread - "Allready lost 90%". I liked most of them. But the one which I highlighted moved me.

Honestly now I don't have the aim of making crores and crores. At present(and I believe this will be my final aim) my aim is to trade for a living with some decent money. I'm just 21+ years now. When I go into 30's I like that 'decent' money to be around Rs.1 lakhs to Rs.2 lakhs per month. I'm not taking any thing into consideration as far as now - trading capital, compounding, trading methods, etc. Somehow I should be able to earn that 'decent' month every month - not more not less. Even this amount can be a huge one. But that is my final aim in this world of trading.

Huge answers for a simple question

It doesn't matter. Just thought of sharing them here.

Regards,
Praveen.

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