(MCX Comedy..Errr. Commodity) - How to Fake your Trade

stock_mani

Well-Known Member
Always strictly vanish these ideas & thoughts from your mind while trading: Market does not know any IF or BUT.

1. Aisa lag raha hai ki yeh upar/ neeche jayega.
2. Order Book mein seller/buyer ko dekh kar aisa lag raha hai......
3. Last time it was moved up/down from this level, so this time too....
4. Ab toh pakka upar/neeche jayega, do long/short right now....
5. Chart patterns toh same hain when last time ekdum se upar/neeche gaya tha, so taking trade accordingly....
6. Forget my system, ab toh instinct ke base par hi trading karunga, it seems better to me....
 

stock_mani

Well-Known Member
Last positional short was closed & taken long on Friday but SL hit.... then reversed it to short & again covered on cost. Now placed a short order at 4130 today... trend is weak yet.
 
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Apacheindian

Well-Known Member
Always strictly vanish these ideas & thoughts from your mind while trading: Market does not know any IF or BUT.

1. Aisa lag raha hai ki yeh upar/ neeche jayega.
2. Order Book mein seller/buyer ko dekh kar aisa lag raha hai......
3. Last time it was moved up/down from this level, so this time too....
4. Ab toh pakka upar/neeche jayega, do long/short right now....
5. Chart patterns toh same hain when last time ekdum se upar/neeche gaya tha, so taking trade accordingly....
6. Forget my system, ab toh instinct ke base par hi trading karunga, it seems better to me....
Ekdum sahi bola Manibhau..!

Secret of success in trading is based on following statistics. If a trader is failing in any of the below mentioned stats he should quit trading asap and invest his hard earned money somewhere else.


1. Risk management

{1-(W-L)} ^ U
% Risk of ruin =——————— < 1%
{1+ (W-L)}

U= No of units of money
W= % Win
L= % Losses

% Risk of ruin can be reduced greatly with good % win and Risk- reward ratio.

2. Mechanical System with positive expectancy,
Expectancy formula =
{Probability of winning X (Avg.win/ Avg. loss) - Probability of losing X (Avg.win/ Avg. loss)}

3. Sound psychology to follow the system even while in drawdowns.
 

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