Hello friends
This week has been quite remarkable for me. I came accross so many new readers, i launched yahoo messenger, so many new friends joined me over yahoo messenger, the blog/twitter following list is hitting new roofs. Moreover, i am overwhelmed by the response/faith shown by the readers in me. Well, such a huge response & deep trust of my fellow friends is really developing a fear amongst myself that whether i wud be able to prove myself trustworthy enough to such huge expectations. Well, then i leave everything upon SHRI SAINATH MAHARAJ & just committed to put in best & honest efforts in my analyzing. During all the interactions, i had, this week with some of the blog leaders, i came to know that Somebody is under huge loss, then somebody is already making good money, then there are people who wanna earn their livelihood through trading itself.
Well, its an established fact, that traders havent been able to beat investors in making money through equities. & this is also an established fact that most of the traders ( more than 80 % ) fail in making money through trading & finally they leave share market after making a huge loss, blaming this game. Well, my blogging is an attempt to prove that livelihood of a family can be earned through trading & this also that trader's return can be far better in comparison of the investors. But, is it so easy to make money in share market through trading ? NOT REALLY. If somebody really is in such a misconception, then i request that please get rid of your casual attitude. Making money consistently through trading is an outcome of several weeks & months & years of honest, consistent & disciplined approach.
The question which my title raises is " is it so easy making money by following somebody ". This is also not so easy. First of all, i must disclose a bitter fact before all of you, that so called CONSISTENT SUCCESS at many a blogs/websites all around, is put up in such a manner that reader starts thinking that OHH , here it is, this is what i am looking for, now, i can easily make money through trading just by following his call. Most of such blogs/websites edit/alter their earlier posts to show fake success. Then a person gets rejoiced through the site's success readily agrees to pay meaty subscription of such websites to earn quick & easy money. Well, to make return out of his paid subscription amount, follower not only starts following the generated calls right from the day 1 but also tries to follow each & every call which is generated by the site. Thus, creating too many outstanding positions at a same time, leads him to leveraging. These sites can generate trades for you, but cant really generate the confidence, the sensibility, the seriouseness, the discipline, the ability to overcome greed & fear,GREED & FEAR which is the basis of wrong decisions of a trader in share market. The real good to a trader can happen, not in helping him make money, but helping him bring discipline in his approach to trading. Well, although, my blogging is also to generate calls. But, in the meantime, between all my trades & along with my trades, i will continually be dedicating myself to make my readers realize that its really NO FUN over here. This is a real serious business & this is the matter of their hard earned money which is in the hunt by all alert, thoroughly professional, well equipped, technically sound hunters out there. Well, the only saving grace for a small traders is CONSISTENCY OF A DISCIPLINED APPROACH.
Well,i am in process to present a write up in my next post ( most probably in next 24 hr only ), to make my readers familiar with my trading style/approach & my expectations with them, to get prepared thouroughly , in order to use my calls properly to create wealth consistently.
till then
HAPPY SAILING
Please utilize this period between my current post & next post to read the following links. These wud help u all to lead urslf as a disciplined/systematic trader.
http://stock2gains.blogspot.com/2010/06/what-is-your-trader-type.html
http://stock2gains.blogspot.com/2010/06/why-to-put-stop-loss.html
OM SAI RAM
15 comments:
CRISIL - a huge miss, this scrip was on my radar, & i was about to issue buy call on that. But,then, this happens & happens with everybody. Instead of thinking about the trades, which we missed to initiated, we must move ahead & think about the trades, we can initiate, to make things happen.
HCC - one may start accumulatine, SL lies deep down @ 58. So, 40 % of desired quantity to be bought close to 61. Then 40% close to 59. Rest 20 % wud be bought once stock starts a reversal for an uptrend.
Astra zen - as expected, it did give an opportunity to buy after being squared off on friday, as per VPT rule. Buy now, keep same 1208 as our SL, try booking some @ 1252-1256, & carry rest.
Financial Tech. - already hit 1445, i was expecting 1448. I hope some quantity is booked now ( only for those who bought it below 1408-06 ) to preserve our gains, otherwise wait for < 1450 kind of levels.
KEI - anything < 32, is an agressive buy. Since, it wud be close to our SL, move stp loss to 30.9.
Expecting readers to wait for my new write up, rather directions, before starts following my trades, in order to be familiar with my trading style/approach/methodology.
happy sailing
sell sintex industries
SL , today's high
tgts , no lesser than 348 ( positional )
happy sailing
FInancial tech
keep sl of 1420 for the remaining quantity
we wud re enter later
CONCOR - a SAR trade, rather a low risk trade
Buy CONCOR @ CMP, with 1320 (NSE SPOT) as stop loss & SAR, i.e. if it hits 1320, exit & short sell it with a SL above 1352.
exit ankur drugs to lock the profits we have
exit orient papers & lock the 10 % profits, to be re entered now close to 56.5, only re entry, that shud not be a fresh buy
do not try ramco systems now, if somebody holding, advised to book fully.
U can not really have any solutions for these kind of things, just keep urslf consistent & disciplined in finding & holding on to the trades which make u comfortable. DONT EVER RUN AFTER A STOCK.
Dont think, ohhh i missed ramco systems, it ran 10 %, i could have earn 10 % out of it. This kind of thinking leads u no where in stock market. Forget what u misses, & start looking for another opportunity. Dont jump into a trade, untill u evaluate risk reward opportunity properly. b coz, if somebody wants to enter ramco systems, sl lies deep down @ 99, hence, i am advising this m uch in details.
vishal retail runs, but do not book it. Expecting better , much better levels this week. wud suggest u some trailing stop loss tomorrow to trail it.
Even hcc runs , i am seriously thinking about suggesting u the trades, which i think, are worth following immediately. But, then i restrain myself so as to minimize the risk involved. CRISIL, RAMCO, HCC, ISPAT remains few examples. THen i wud leave it upon the followers to consider that to trade, or not to trade, With the risk involved along with , wud be clearly mentioned.
FT hits trailing stop loss, EXIT, but keep it on radar, just as to wait for a better level to enter.
CONCOR -= more bearish below 1311 only, move sl to 1345 now, if positions taken.
astra zen - exit now, if 1210 breaks on downside.
stay out of concor , if closes above 1340
( if somebody is short )
Hello Rochak ji, today U changed ur style, thx. It will help alot to figure out yt U want to say in easy manner.
Hello Rochak ji, today U changed ur style, thx. It will help alot to figure out yt U want to say in easy manner.
I hope all will benefited & apreciate ur new style
helo rochak sir,
today I gone thru the blog and learnt some good points. I had lost a good amount of money but from tomoro will trade in a vetter way with the guidance of good people like you and the wishes of god. I am struck with Nithin fire and pl guide me whether to hold 400 shares at a cost of 347 or to sell it at the current level of 321. I will not repeat the mistake as I learnt the principle of SL trading to day from your blog love making and .......
vgeeyesaiyer
dear vg
i still remember, u told me u bought nitin fire @ 352.
that day only, i had mentioned too many times on vfm, that it has been taking supports @ 342 three times now. Now, once it breaks 342, stay out. & then u were supposed to put SL not only as soon as u initiate a trade, but everyday, to save urslf from such mess. This is really sad, not only u, but few other people ( including me even ) not learn from their mistakes & keep performing the same mistakes again & again, to become a scapegoat for disciplined traders.
Well, i dont claim, following me u wud make money. MAGIC LIES WITHIN U. once u start trading with a disciplined approach , the system derived of ur own experience, no wonder u wud start making money.
happy sailing
today morning 4 .35 am, i had a dream.
what i could remember off the dream is that, my mom is weeping due to pain.
then i suddenly woke up, after awaking, i wanted to forget this dream as a regular dream. Then, i thought, i must pray SAI for the well being of my mother. I did the same, BUT then i felt i shud go to my mother's room & check once. I did the same, and then i actually discovered, that she was actually weeping due to pain..................................................................
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