Wednesday, February 27, 2013

Cycle of Development for a Novice Trader

  1. Don't see the problem and do not know to stop.
  2. See the problem and can't stop. 
  3. See the problem and stop it before it is too costly. 
  4. See the problem developing and stop it.

5 comments:

Khush said...

Very true

gourv said...

Hello Sir,
Thanks a lot for your original view on CNBC today morning.Though My view was exactly same as yours I didnt know how trade that view.After listening to you bought 5800 put of March and 5800 call of Feb.Once Nifty cracked 5800 closed the call and added to my shorts.

Thanks
Gourav

Rahul Ahlawat said...

I have graduated to being 3 now :)

Rahul Ahlawat said...

I have graduated to being 3. :)

Dinesh said...

Dear Sir,
I read it and thought it to be useful but after I have read it couple of times again today, I realized what you are saying makes a lot of sense.
I think this is true not only in case of trading but in any type of profession and also in real life & personal relationship too.
I think one has to be a keen observer, effective listener with a passion to read & learn to reach the stage number 4 - see the problem developing and stop it.
Thanks for sharing.
Regards,
Dinesh