From : Julius Jr at 09:27 PM - Feb 06, 2010(25 months ago)
Really well said brother. I stoped thinking the movement in money, i see it as points. recently learned this. Especially for NIFTY I seriously practice this.
Good to hear that all.....Atleast not to voice anything in this thread what im doing for some time now,All points and requirements are really very well explained here..
CHeers
From : Vinayak Sharma at 07:20 PM - Feb 06, 2010(25 months ago)
Prassana my dear friend you picked it risght fom the core excellent explanatory skills ........Kudos to you start trying this video game and forget thinking about profit and loss you will start dominating the market moves rather than market dominating your moves.......Paresh ji thanks for your agreement......And Jagmohan ji you are making me your fan......sir
From : Prasanna Manvi at 03:41 PM - Feb 06, 2010(25 months ago)
100% correct Vinayak Ji, if one is emotional then loss is guaranteed.
We need to trade like machines with our eyes & ears closed, almost.
One should be deaf to the electronic media deaf to various TV analysts. Blind to the print media.
Same like we remove our shoes before entering the ICU in hospital similarly we need to remove all the Emotions,Ego, likes/dislikes etc before entering the trading room.
Once inside the trading room look at what the charts have to say and then act.
Never make assumptions like Asian market is down hence our market will be down.
DOW is up hence our market will be up.
All these information is fine keep it in the back of the mind but what is primary and most vital is what is the chart saying.
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