Is earning 2000 daily enough........ But theres a prob????????

[sudoku1]

By not doing what you did last year

i know what u did last summer

 

[ash.paul]

I had invested in equity most of time and one time in nifty future and that future investment resulted in loss of 10,200/-. I am trying options now. Should I try some tipster service? One is claiming to recover my losses in just one month but I have doubt about it. Should I try it or not to recover my losses? I don't want to earn anything extra from market. I just want to recover my losses. Last year has taught me a lesson. Market is not for me to earn as I can't bear further loss. 27K is a big amount for me. I have not entered in market since july 2008. Hence I have decided not to earn from it, I just wanna recover my losses somehow (of course without any further loss). thanks.

p.s.: reason for trying options is that I have very small capital to invest in market now. I can't even dream about futures due to their lots size. So I am trying options due to leverage offered by them. Please help me and don't just say "Keep away from market". Once I recover my losses, I will stay away. Due to my job timing 8 a.m. to 6 p.m. and even after that due to tight schedule (overtime in industry), I don't have time learning TA etc. Althought I know these concepts are important but again I don't want to remain in market, once I recover my losses. My monthly salary is 8000/- out of which I get 6803/- cash in hand. Remaining is deducted for ESI etc. I know I have lost almost 4 months of salary in the market.

Hey Northie mate, I feel sorry for your loss and unfortunately there is no way out as you have actually just answered your own query. Take it easy **** happens and sooner we realize that there is no holy grail as such and forget about free lunches, life becomes easier.

 

[sudoku1]

I had invested in equity most of time and one time in nifty future and that future investment resulted in loss of 10,200/-. I am trying options now. Should I try some tipster service? One is claiming to recover my losses in just one month but I have doubt about it. Should I try it or not to recover my losses? I don't want to earn anything extra from market. I just want to recover my losses. Last year has taught me a lesson. Market is not for me to earn as I can't bear further loss. 27K is a big amount for me. I have not entered in market since july 2008. Hence I have decided not to earn from it, I just wanna recover my losses somehow (of course without any further loss). thanks.

p.s.: reason for trying options is that I have very small capital to invest in market now. I can't even dream about futures due to their lots size. So I am trying options due to leverage offered by them. Please help me and don't just say "Keep away from market". Once I recover my losses, I will stay away. Due to my job timing 8 a.m. to 6 p.m. and even after that due to tight schedule (overtime in industry), I don't have time learning TA etc. Althought I know these concepts are important but again I don't want to remain in market, once I recover my losses. My monthly salary is 8000/- out of which I get 6803/- cash in hand. Remaining is deducted for ESI etc. I know I have lost almost 4 months of salary in the market.

sorry northie....but now trying 2 recoup losses from options is just another mistake u will commit....options though less risky r no guarantee......u say u get a salary less than 7000/-....r u ready 2 bear another loss of 2/3000 in options ?

if u have made up ur mind not 2 enter the mkt...b it so.
forget the loss as a thing of past...start ur life on a fresh slate...

''waqt ke saath har jakhm bharta nahin,
phir bhi jeete hai sab, koi marta nahin''

 

[NOMINDTR]

You mean Trading?

Not exactly

 

[NOMINDTR]

I think you didnot get my point, all I am asking is, you to acknowlege that moneymanagement doesnot comes under psychology as both are different subjects but in trading where human brain is involved normally, to follow a set of rules you need proper mindset, discipline or whatever you name it but if that any person in particular has mastered to conquere his own emotions having a zen/monk like mindset will not be close to successful without proper moneymanagement in his business model. Just Imagine a alogritmic or a robotic program which has been programmed to trade with a set of system without taking MM into account. will it be any success? even if the computer is the best in the world. Every aspect has its own place.

Hey friend,

I believe I am bit slow to grasp your point.

 

[NOMINDTR]

..... 27K is a big amount for me. (

That's Cool. You know it is a big sum then it is your responsibility to take care of it.

Last year has taught me a lesson. Market is not for me to earn as I can't bear further loss.

You are scared or really learned from your experience. If you think market is not for you, then don't venture again to recover the loss. Think about earning the money from some other means. If you trade with fear, negativism, you are vulnerable to lose your money and peace of mind.

reason for trying options is that I have very small capital to invest in market now.

Playing options are not that economic. I suggest you to stay away from options.

Btw..why don't you consider learning swing trade so that you could earn your loss , if at all you are convinced. (at least it is better than options)

Take Care

 

[Northie]

Thanks ash.paul and sudoku1 for giving your kind advice. Atleast you can understand the grief of someone. Otherwise most of people in the world who themselves are in jeopardy do not hesitate making fun of others.

thanks once again.


P.S.: It's always better to keep quiet if you can't help. Hope the message has been properly delivered to someone.

 

[ash.paul]

Thanks ash.paul and sudoku1 for giving your kind advice. Atleast you can understand the grief of someone. Otherwise most of people in the world who themselves are in jeopardy do not hesitate making fun of others.

thanks once again.


P.S.: It's always better to keep quiet if you can't help. Hope the message has been properly delivered to someone.

Pls don't run after the money which you have left on the table as you may know trading is a zero sum game (if we ignore our brokers). Your loss is someone elses profit so if you are really that gutted to fight with other professionals, punters etc then atleast enter the battlefield with some edge. If you say you are not interested because of your personal commitments then its better you get over it and forget about that lost money and concentrate on your job which you are happy doing it. Trading is not a get rich quick scheme, I would say it is one most difficult professions in the world and most approach this in the other way including me, because it is so easy to open an account and almost anyone these days can open a trading account in minutes, but no wonder why only less than 5% succeed who had the courage to stick with it until the time you understand the whole market dynamics.Professional trader has an edge that plays out over time, meaning that whilst the outcome of any one trade may be uncertain, the outcome of many trades have sufficiently great odds, that the trader is highly likely to come out ahead. Think about it like this: we all see the person that frequents a casino as a gambler but is the casino itself gambling? Yes and No. A punter may get lucky and take a huge amount of money off of the house but the odds are stacked in the houses favour (the green box on the black and red roulette wheel and the house limits as two examples) sufficiently enough to assure that over the long run, they continue to stay in business.
PS: If ever you change your mind and plan to come back into this business please have an appropriate approach which a luck few ever have.

Take care

 

[NOMINDTR]

P.S.: It's always better to keep quiet if you can't help. Hope the message has been properly delivered to someone.

IF AND ONLY IF, I am the one to whom the message needed to be delivered, done.

.....do not hesitate making fun of others.

I don't have time to have fun with. Do you?
ash.paul has done a good post. Go thru if you find it friendly at least.

And, my friend, I was really in the impression that I was helping you to understand things. Sorry if it has not served its purpose. If you really could not understand what I wrote, If you got hurt, I am really sorry.

Beg your pardon.

 

[robin000]

Hello all
I voted "Reasonable" in the polls but since that day I am wondering what would be the trading capital here? Please disregard this question if anybody thinks its not valid.
Regards
Robin..