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let us confess our faults openly ---confession box here---bhupinder
| From : Bhupinder Singh at 04:10 PM - Feb 26, 2010 (24 months ago) |
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if we confess we may improve and learn from each other---
so if you like you may put your confessions here
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i confess i am impulsive in buying and selling nifty---also i do not buy in bits at dips
-2--
i am too hasty to write comments on many posts and has made some friends unhappy with me-
-3--i at times do not listen carefully to viewpoint of other person--
4 -i get disturbed when some persons write negative about me --it happens sometimes
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i made profit in cipla call by buying options ,got profit in sesagoa by buying a call but because of carelessness lost half profit---but keeping karnataka bank and i lot of ril ---also got profit in sbi lot--- friends learn to play options --calls and puts
i could not focus today---so market is serious person
rakesh ji thanks for visiting the thread i learnt so much from you in futures /options and scrips---even i lost focus yesterday and did not profit in nifty but i added ril before closing bell---my confession i lose focus soon and start chasing new scrips leaving behind previous investments--i hope i learn
A big mistake which short term traders and investors do is by following UNKNOWN TIPS. Always do some research about the company before you invest your hard earned money in that company. Just a humble suggestion.
Bhupinderji: I confess, if I would have followed ur RIL since morning.
But incorporating the lesson learned quickly, I entered at 1047, and enjoy the most.
aapni galti manoo faida hum sab ka hai---confess u r mistake we may all may gain ji
i wanted to earn fast so lost my profits quick --i confess i must have more patience ji
Inner voice is ok. But the most important thing in trading in stock markets is MENTAL DISCIPLINE. Strict adherence to stoploss and timely profit booking.
I have great affinity towards Jet Airways started from IPO and frequently sold bought. I repurchased at 11 at 838 in 2007 and 299 at 164 in 2009. Although currnetly it is giving good profit but I should have sold 11 shares at stoploss price but due to my affinity I did not sell.
WELL SAID ANSARI JI ---INNER VOICE IS important
Listen to inner which ALWAYS warns you for your bad comments/deeds. Regarding stoploss which protects your asset for future which you will realize when see the share falling further downward.
I CONFESS I HAVE A GREAT AFFINITY FOR RIL ===GOT RIL---1048--
RESPECTED RAVI THANKS FOR YOUR KIND AND NOBLE ADVICE ON STOP LOSS===
As the stock move up your stoploss should move up too.
The main idea of a stoploss is to reduce your loss if a stock falls.The best way would be to keep a close stoploss when market is flat or doing badly and keep a wider stop loss when market is up.
VERY WELL SAID KRISH PATEL JI ---THIS IS A GOOD POINT JI
I think the main mistake made by many intraday and short term traders is FIXING APPROPRIATE STOPLOSS. Some fix the stop loss very near to the deal price say 1%, and some fix stoploss at 10-15% gap. This can make you aquare off a winning trade with a loss or extend your losses in a losing trade.
i lost focus in evening and so had a loss in nifty ----besides i bought less shares of tcs but it had a good upmove---conclusion i should be alert
I try to control my impulsive and tempting attitude to pick up shares withing 15 - 20 mintes of opening session by considering shares as snakes. Hurriedlyyou attempt its going to bite financially. Be watchful, all snakes (shares) are not dangerous, some do rewards if picked up appropriately.
Without stoploss I traded in mkt made loss knowledge is there with me but no guts to start trding again
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