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Why i exit sometimes early---By Syam Nair

From : Syam Nair at 07:43 AM - Jan 05, 2012 ( )
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BAIT:definition:Food or other lure placed on a hook or in a trap and used in the taking of fish, birds, or other animals.
YOU MAY WONDER WHY I PUT THIS HERE.Many tell me that i exit sometimes too early from profit.For me,a reasonable profit is more than enough...Usually,levels above our profit booking may be a BAIT by operators and greedy traders fall for it.Illustriated with yesterday's trade below...
IN STOCKMARKET,DO NOT GET GREEDY.BE SATISFIED WITH REASONABLE PROFIT.IN THE END ,A GREEDY TRADER'S BALANCE SHEET IS ALWAYS IN RED!!







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From : Raghavendra Char at 05:36 PM - Jan 13, 2012 ( )


Syam, After reading this I am repenting, why I didnot read this before !!!!.

Today, I bought 4900 call @ 63 (10 lots) booked early @ 68, it went to 86!!!. I came back and saw it caming down hurried entered @ 81.5 and saw it went down upto 56, again averaged it to get average price @ 67.53 and exited @ 69.65, making overall gain of Rs 1050, where as I had made more than double this profit in the first trade itself. In the end my BROKER is getting fatter ( healthier) every day!!!!. Last three days I have traded heavily and made profit in the first trade of the day and then losses. I agree levels are very important only an experienced well learned trader can only tell correct levels. Thanks for a good post.





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From : Harish Narayan Menon at 05:24 PM - Jan 13, 2012 ( )


SYAM GOOD EEVENING DEAR


VERY TRULY SAID 

MADE UNDERSTAND TO EVBERYONE IN A SIMPLE LANGUAGE .. BOOK PFT. WHEN U GET.. 

GREED KILLS YOU AND YOUR PROFIT

TUSSI GREAT 

REGARDS

hnm





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From : Syam Nair at 02:28 PM - Jan 13, 2012 ( )


ANOTHER BAIT TODAY....4896 TO 4851and more??? :) Laughing
In the end,win is for those who doesn't fall in these baits Laughing





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From : Venkat Raman at 12:38 AM - Jan 07, 2012 ( )


Sir,

Thank you  for sharing.





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From : Ajay Bajpai at 12:05 AM - Jan 07, 2012 ( )


U  R RIGHT SIR........





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From : Syam Nair at 11:49 PM - Jan 06, 2012 ( )


And a intraday bait today also waited above 4800Smile





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From : Vijay Shekar at 09:35 AM - Jan 05, 2012 ( )


well said " Bird in hand worth 2 in a Bush"





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From : Vijay Ramdas at 09:09 AM - Jan 05, 2012 ( )


Cool Well said

IN STOCKMARKET,DO NOT GET GREEDY.BE SATISFIED WITH REASONABLE PROFIT.IN THE END ,A GREEDY TRADER'S BALANCE SHEET IS ALWAYS IN RED!!





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From : Bharath R at 08:54 AM - Jan 05, 2012 ( )


Smile





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From : Rajesh B at 08:53 AM - Jan 05, 2012 ( )


Ur thinking is perfect.. Thanks for ur guidance Syam bhai..





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From : Kjs Arora at 08:17 AM - Jan 05, 2012 ( )


Dear Nair.In last fortnight I have missed four profitable opportunities in anticipation of higher gains.Some veterns advocate : hold your profitable trades tightly. But in the present scenerio it is not true. Well said.





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From : Kunjan Ghariwala at 08:06 AM - Jan 05, 2012 ( )


This is the only reason why many portfolios easily get on loss.





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From : Cnatarajan Rajan at 07:51 AM - Jan 05, 2012 ( )


Good, Even i we Trail  our stoploss it wld b jumped over by the fast movement of operators- Thanks for ur advise





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From : Ashok Tainwala at 07:45 AM - Jan 05, 2012 ( )


Well said............................




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