This is year 2013....
When we pass each year , we get more experiance from the market.Some are bitter, some so sweet.What i learned from mudraa since my entry was , it is a differnt world, which was not totally new to me.But What i understand is ,many people know the following things much before me, but like to keep silent not to create any mess .But i wish to share few things if you are a newcomer in mudraa.A little thought sharing from my side for 2013.
If you are trading after watching mudraa , and if you are a newbee.
Then keep a vigil on the following things please ....
1-Who ever try to show too much eagerness to show the profit figure is simply just driving your attention to their Net.He is trying to hook you in their thread.Better watch than jumping in.Some just look for their personal gain never always be with you.Once your capital is gone they will disapear.
2-The objective of a private forum is to discuss and share thought not a media to do promote personal buisness.So who ever try to contact you with high offers like jack pot , doubling your money are just lying to trap you.
3-Who ever over praising in any thread very often , then keep in mind it is just to create attention of the public , watch close, you will realise how much truth in that.Most of them fail when they try to show their knowledge in real trading.
4-Many people post some thread in mudraa asking some questions..But in reality, the objective of the post and the answer to that post is already passed to his close friend and the real motive is to promote something for their personal interest and it will be displayed in the replied post.
Many people doing this just to promote some broking houses in mudraa if i am not mistaken.
5-There are lot of groups from South , north east and west , working independ and some as a group..Good intiative .But never give your login and password to any one, else later, you regret and others will take advantage out of your credibility.Once you realise it , you will be too late!
6-Avoid sharing personal information, mobile number via public forum, it in future, give more trouble than good.
7-Many people take this job very serious in mudraa professionally, and they show their professional approch in their each post, they most of the time dont care about much publicity, They will always in mudraa , they dont create much noise,(in short, they are not like me ) they are the real gem of mudraa, Book mark them please.
8-Every one is watching you and me, so be careful, the enemy is behind you!
9-No one is expert in the market, Everthing is based on probability, nothing called sure short, jack pot etc exist in the market.We have seen many in mudraa, later seen them failing.and turning jackpot to crackpot! So careful, it is your money.
10-When market goes up, Many faces come in mudraa.They just start to brain wash you, giving unknown stocks with thin volume.You even see it going up next day ..But the posting is purely mean to force you to jump in the morning time so that they can dump it in your head! so careful.When next euophoria start, you can see many such post in mudraa..They are sleeping now, will come soon , so be alert!
11-Never wait for any update, no one can help you lifelong...So if you want to be in this buisness, learn the basic and be independent... You are fighting the war with big sharks.So your weapon to protect your capital is stop loss , cash to take delivery.
12-Dont jump in to something which you have zero knowledge,(like call , put option etc) it is easy to jump in ,but hard to come out.Money will evoporate in a month, no delivery in these , once it goes wrong it is gone ,so careful).
13-Never beleive any one blindl in mudraa .You will regret later.
14-Share your thoughts, it increase your knowledge.
15-Most of the news, what we hearing from TV channel , media etc have just 20% truth in it and rest are all leaked much before and you are the last one who acting on it.So be ready to face it consequence too.
16-Avoid those news which says , informed sources, reliable sources etc, these are words used by the author of the thread to make you beleive the story , the truth most of the time is zero! it is mainly meant to create volatality in the market and for some personal gains.So better avoid for your health and wealth.
17-Always remmber, trading is a Risky buiness, fear greed always rule the mind, so who ever show you big figure, in reality they show you some figures in the end of the day which have no truth related to the real trade.Becasuse if you need to acheive it , you should know jumbo circus!Most of the time they show only one part, purposefully avoid the other part!
Just adding the following things which i now saw in Hemant ji post.pasting it for readers.
the posting done by Hemant parikh
- Always respect market and do trade only with market direction
- Never over trade many trader loose money by leveraging
- Do not lose more than 3% of capital in single trade
- Always put stop loss
- Always watch trend for some time before doing trade
- Don't give ear to rumours and fellow traders
- Always do little homework before doing trade and trade only in share which you knows
- Always book profit as well as loss
- Majority days the trading range will range will below so do not wait for big return on single day
Market is always right we are wrong-Follow this principle
if you do not keep the fundamental investment rules and do not follow certain simple stock
investing basics, then you can lose your shirt.
1. You don't invest ...You will lose.
2. You don't manage risks ...You will lose.
3. You follow tips ...You will lose.
4. You don't investigate before you invest ...You will lose.
5. You panic ...You will lose.
6. You want to speculate ...You will lose.
7. You don't understand your finances ...You will lose.
8. You don't use cost averaging ...You will lose.
9. You want to play ...You will lose.
10. You are greedy ...You will lose.
11. You place all your eggs in the same basket ... You will lose.
12. You don't know when not to invest ...You will lose.
13. You can't afford to lose...You can't afford to make a profit.