Shimla was the summer capital of the Britishers during Raj days.
Among other things they constructed a couple of clubs for their evenings and leisure times.
One of these clubs is still the favourite place of the gentlemen and ladies.
Whenever I get time I go to the club.
Quite often I run into a core group of brilliant stock traders ....from 20 year old to 85 year young....
We have a great time discussing all kinds of experiences and crazy ideas.
One of the latest crazy ideas I want to share.
A young but highly talented and experienced trader Chhavi Raj shared this!
In his words
"I was always losing big and gaining small.
I fixed my losing big issue by painfully practicing stop-loss discipline.
But I still wasn't getting big profits despite getting into great trading positions quite early.
I figured out that the reason was my fear of losing the profit on the screen.
I tried hard but couldn't beat the chicken-out impulse in me
until one day when I saw a 007 movie in which Pierce Brosnan says
'Everything or Nothing'!
The line stuck in my head.....especially the way Bond said it!
I made it my moto from the next trade...
...and it did magic!
Whenever the indicators and my homework hints towards a mouth-watering trading opportunity I decide only one thing - the Target.
The target which my head says is 100% sure to be hit!
I never set ambitious targets. I just set honest and what-if-not-this target...
I tell myself - either i get the target or i quit at my entry price only!
Everytime the price does a threatening act, I just remind myself coolly
'Everything or Nothing'
13 out of last 21 times, I have got what I wanted!!!
2 times I got 'nothing'
6 times I chickened-out for peanuts!
Couldn't bear the pressure!!!"
dear friends
ReplyDeletei have decided to use comment section of my blog to suggest new trade reco's till the new post is generated.
many fresh trades suggested, please visit
https://www.blogger.com/comment.g?blogID=6435494717191226952&postID=5487094448313243383&isPopup=true
regards
P.S. - Dear Veer ji, thanks for ur continous ongoing support till now. Now onwards i have decided to limit myself either to a special WRITE up or a monthly report card to be intimated on ur blog. Thanks for publishing this.
Dear veer
ReplyDelete4 days, & more than a dzn posts till now in august month. Where have u been getting these much ideas from ?? have been in your touch since last 8-9 months. the moment i start thinking , u delivered ur best, u come up with something better than that. no wonder, ur fans are increasing in " din doguna, raat chouguna " fashion.
regards