Wednesday, April 3, 2013

Traders actually do this

What We,Traders actually do:

-- Overconfident about our ability to pick profitable trades

-- Keep losing trades in hope of 'recovery'

-- Never follow the proven adage of letting winners run.

-- Do not apply a simple trend following indicator to our charts.

-- Easily manipulated by analysts and media into making rash, impulsive decisions

-- Blindly follow people who promise 100% return in one month, without asking the obvious question: why does not he do it for himself?

-- Understand the psychological problems that all other traders face, but refuse to acknowledge that we face the same problems

-- When mid caps start a rally, traders lose their inhibitions and start buying these highly risky stocks as if the shares are running out of supply.

-- Refuse to believe that markets change.

-- Do not adapt to market cycles and changes in market behavior.

All is Not Lost.

Traders have one big advantage and this advantage can overcome all the problems mentioned above.

Traders have a passion for trading.

If you live to trade, love trading then you are half way to success. An open mind and hard work will take you to your destination. Certainly.


7 comments:

Ssaameer Sunil Limaye said...

Cheers for this.

"Traders have a passion for trading.

If you live to trade, love trading then you are half way to success. An open mind and hard work will take you to your destination. Certainly."

Rajat said...

Every Word written is actually true here, Sir as Sachin is God of Cricket, you are the same for Trading in India.

nirtos said...

Hi,
1)can u suggest a simple trend following indicator.
2)how to follow the simple term "letting the winners run"
I am desparately seeking the answers for both the questions.
thanks

Rajat said...

This should be printed and pasted on every traders desk. Very useful.

VIKAS said...

Hello sudarshan sir,
I have one question- what should be considered reasonable/decent return on capital(means margin plus m to m blocked) PER MONTH if one is trading on technicals (with a positive expectancy of a system)..??
Lets say if one is trading on 1 lot of Nifty which requires say 50k (trading margin of 25k plus another 25 k to bear whipsaws)..so what should be reasonable & decent return on 50k..
Regards,
vikas, ludhiana..

Rajmohan said...

thanks a lot

Rajmohan said...

THANKS A LOT FOR YOUR ENERGY TONIC I AM THE PERFECT EXAMPLE OF YOUR POST HAVING LOST MONEY BUT NOT PASSION . YOU CHARGED MY ENERGY BATTERY I WILL SUCCEED SIR RAJMOHAN CHENNAI