whatever experience i have
i think only for this reason still i survive.
btw this is the golden word for any trader.
i do not need any profit but i need to preserve my cap.. for survival.
experience will teach any one for the lowest stop loss with highest profit.
as initial stops can be moved freq... as trailing one......
regards
debashis
Oh what words u said :
i do not need any profit but i need to preserve my cap.. for survival.
It is my word ... absolutely for me .... because I feel the pain, when I am outside the market and watch the movements going on in the market, because I have no capital in my hand to play with. It is the pain one player (footballer / cricketer) undergoes when he is sitting in the reserve bench which is beside the sideline of the field.
I salute u Debashis for those words. Hats of u. After making huge loss, I have adopted this trading method as my wife. Previously I was very aggressive trader and I used to predict the market and in most of the cases I was wrong. I had
ego (evils going on) with me .... I..I...I bought this stock, the price has to move upward .... I shall not take small loss ..... see and wait the price will start moving upward from the next minute .... let me wait another minute. At the afternoon, when I took loss about Rs. 30,000/-, then also my thinking was .... I have done right ... market was wrong ... it moved southward though I was in long position.
After getting slaps of huge amount from the market, I married this method and my present words are like u said above.
I know nobody in this forum faced the problem i.e. the
ego problem, as I experienced in my life.
Many thanks for this post.
Regards.
Satyajit