Alone u win!

trading is as much a skill, an art as much a science.....

the faster one learns to lose consciously, the earlier and better one learns....self talk

many of the good trades, like the up move yesterday, are the chances sans indications......good trading therefore is a lot about taking likely chances which can never be obvious till they have actually unfolded. experience, imagination, and fearlessness can make that possible

not everything that happens in the market is visible before it just appears......trading needs the skill to fight in the dark taking clues from the silent sounds....self talk

trading is a highly private business.....self talk

one can't be really successful in trading till one enjoys it......fear, stupidity and greed are serious pollutants.....self talk

when one shares his trade, his trading mind gets polluted and influenced.when one doesn't, no one knows......the key question there is....should one?

strongly feel that one should neither share his opinion nor trade if one is to go beyond a level......sharings should be only in terms of experiences....past tense....never in future tense and never never in present tense.....self talk

but unfortunately that goes against the spirit of a group

if I were to advise (??) anyone,I would ask him or her to trade alone and secretly, never reveal it till many days after, and discuss, hear and say only when he or she isn't trading

the blind man holding hands of other blinds is not good for the waiting paths.....

JP: .but the same goes true, when a guy with clear sight shows path to a blind out of his gesture towards him ..

you can't be a winner in trading together, but you can definitely lose together.....

true jp....but trading is a moving target, no one has 6/6 vision, and

no one believes each other totally (only partially, and that's dangerous) and

everyone has different life and trading realities

a fish shouldn't copy a bird and vice versa

even if u don't share the trades, do share your views and do give hints

if we don't share trades outrightly but do share views and share hints, our trading practice, confidence and judgement will grow.....without influence....our own wings will get strengthened.....self talk

who are "operators"

Guru Mysore: Js ji this queation alwaya lingers in my head...who are they(operators)

: anyone who has the power to "operate" the market is an operator.....anyone who can call the shots....who decides whether and how much and in which direction the market moves notwithstanding the fundamentals which are anyway subjective and flexible....

Dinu prasad: 👍

: and, IMO, money power is that power......

Guru Mysore: Hmm if tht is the case...hw will one know the correct supply nd demand??

: just like a cartel manipulates the onion or potato market, we have stock market cartels....

: stock markets are the most uncontrolled controlled markets

Guru Mysore: Paradoxical 😳

: there are patterns which can be studied (technicals) and then there is highly uncommon common trade-sense

Guru Mysore: Hmmm..

Guru Mysore: If its uncommon..then its diff to see it as common..😳

Guru Mysore: Really confused

: actually not paradoxical.....controlled because regulated......uncontrolled because only 1-2% players decide what happens.......looks controlled, but isn't, in true sense.........just like a public limited company can be still a private limited (if not proprietorship) one

Guru Mysore: Ya now i am getting it...

: we call it common sense because it seems so obvious.....uncommon,because hypnotised sheeps don't get it

Guru Mysore: Hmm...when they have money power to make the stock so worthless thn bring it up...it makes mad for poor retailers

: is reliance a public limited company....jindal steel.....well, yes.....but.....but....

: in effect, they are privately limited.......

: imagine suzlon....satyam....any company with weak corporate governance.....

: even the ones with "good" corp gov

: world is never balanced, will never be....and perhaps should never be

: any world.....financial political social spiritual....

: static imbalance gets balanced by movement....

: dynamic balance....

Guru Mysore: 🙏🙏🙏 beautifully said

: balloons and pins will never go out of the dalaal street

: amateur traders get false joy from both of them

how difficult is shorting?

contrary to a widespread myth, it is always easier to short than to long in a bull run

lemme give my logic

correction in a bull run generally takes place after the prices have overshot the equilibrium "fair price" by a good margin

in other words, when operators/bulls have bitten "more than they can chew" and have pumped the price a little too far from the level of fundamentals back.....

"falling back" of inflated prices is perhaps the only surest guarantee while there is no surety of the price of a good stock rising except being spotted by the value buyers and insiders. shorting of stocks from unrealistic unsustainable heights is a necessary evil for every stake holder in the market.

no fluctuation can ever take place if prices were not to correct. no accumulation will be possible. and no distribution profit booking by the accumulators.

nobody shorts or throws away a stock below or even at fair value lest some unwanted buyers buy it. discounting is a myth!

what we call dumping of stocks from tops is actually not dumping but "drama awakening of the sinners!!!"

it is unfortunate that the retail traders/investors consider the peak "fair value" and are "surprised" and hence panic-stricken at the fall......

genuine shorting (i.e. the one that isn't warranted by the fundamental shift of any stock) is the safest thing in the market.

self talk

: Two magical ideas to increase profit and decrease loss....
0.take the trade (of course)
1. Auto stoploss
2. Not checking "score" price for Atleast next 2 hours

Murli: After putting SL, I go for sleep and watch the end result at 7am (US Time)

: This is amazing way, though.strongly endorse

: whenever in profit, and if in fear of losing it, never book it simply....put auto limit stoploss for sma 15 and leave it.....this way u will be safe as well as have a decent chance of letting the profit run.....friendly advise

: pardon me for taking the liberty to ask it.....i hope all know what is a limit stop loss auto bid in trading software....

: i am asking this because if u know just this one simple procedure it will be ensured that even if u lose in trading often u will never quit it simply because of occasional disastrous trading decision

Guru Mysore: Js ji in what time frame ??

: any time frame.....sma 15 broadly takes care of all.......for positional lineral trades, sma 50 may be used instead

: sma 15 will mean different values for 5min chart, 30min chart, 1day tick chart, 1 week tick chart....

Guru Mysore: Yes true...hence asked

: 200 day moving average, eg, is different from sma 200 for 5min tick chart....

Guru Mysore: I usually prefer 89ema in five min chart...

Guru Mysore: They help a lot

: use any sma.....same purpose is solved....actually ur trading method/system automatically adopts to the sma value......but, IMO, never keep changing the sma setup. u can use 2 or 3 combination sets also, but once u have experimented and finalized the values best suited to ur thinking and trading, stick to them.....i earlier used sma 8/34 heavily.....then gradually shifted to sma 15/50 and thereafter stuck to it

Guru Mysore: Thank you Js ji 🙏

Sanket Talathi Netherlands: EMA will also give same results???

: if u ask me to rate technical indicators 1 to 10, then sma will be at no.1

Vikram Bangalore: Js sir... have read ur 8-34 deadly combination artical....

: if all technical indicators are stopped by some software blackout, then u can trade with sma alone without too much sacrifice of accuracy after a little bit of adjustment

Guru Mysore: I read one beautiful line about trendlines....it even captures the raising inflation with it..(long time frame charts)

: ema will also give almost same results.....

Guru Mysore: Also read ema will give gud results if its less than 100 bars and above it nothing to beat SMA

: if i am forced to trade even without sma, and without any terminal.....i can still trade without anxiety with auto limit stoploss

Devender Malhotra Rewari: I too prefer 89 Ema and 20 sma in 5 mins..

Guru Mysore: Mechanical trading → emotion less trading

: a commando father of one of my friends had the following distinction.....he could face/handle/counter any dog barehanded, and a large cat (leopard etc) with just one strong stick...."use ur head, use technique and practice it" was his credo line......how wonderfully adapts to trading as well!!!

: there is no real advancement ("in the trading also") without a crisis.........as goes a saying

: our trading positions should be disaster-proof and surprise-friendly.....self talk

: because both are there aplenty in the market....

: traders should always dare to carry a (safety)pin in the pocket to test the operators' balloon as and when it touches our nose

the stoploss reward

: defending your positional trade can actually reward you monetarily!!!

: lemme explain

: for every positional trade cmp (current market price), there is a corresponding higher or lower level (depending upon whether u r long or short) beyond which the trade is likely to be assumed as having run into trouble....even if for short term........

: in other words, there is always a level at a distance from cmp, beyond which the trend can atleast be safely taken as paused, if not jeopardized.....

: such 75-100 point nifty trades are not uncommon sight!!!

: if we look at this in a slightly different way.....those are the levels beyond which the price may go temporarily but substantially enough to either safeguard the profits already swept or those that can be made by taking a crisp short-term anti-trend trade....

: stoploss is not always to stop "loss" but also to "protect" loss or "make" money

: stoploss levels should be called trade reversal levels or stop trade levels also depending upon the usage....

: this is the reason i say that defending your positional may be necessary not only to protect profits, but also to make some more!!!

the false traces of FIIs

:fii figures on 2/3/4 march=424/772/2786 lacs NET BUY

: market was @bove 9050 on 4th......

: so logically, market should have gone up subsequent to this "accumulation"

: but what happens in the next 12 trading sessions thereafter?

: market slips 500 points from 9050 to 8550!!!

: so much for the correlation of FII figures and market........

Guru Mysore: Yes

: stop watching all this (nonsense)?!!!     self talk

Guru Mysore: But how will we come to know if tht net buy were frm index??

: let's talk logic....

Mudraa Guru Mysore: Wat if they had bot some other mid cap??

: correct.....we should have all the details.....

: ALL....

: not just simple breakup of cash vs index futures vs stock futures vs options.....

: even otherwise, operators can continue accumulation or distribution much longer than a retail trader can stay liquid after having depended on this info for hi/her trade

Guru Mysore: We r given only bits of info IMHO

: v no nothing

jeneel: Its like they are showing us what they want to show us. Not actual

: so, till the time we have all the info and the know-how to analyse it properly, we should dump this parameter......self talk

: so far, it is simply reduced to a zandu balm or tata salt on a retail trader's wounds of that day

: i mean the broad fii/dii trade volume info

: similarly, there are dozens of talks and parameters and news talk we are served that we lick all evening all night till the next day's opening bell which has no significant actionable value for the next day's casino royale setup

R: I have never understood option data  nor FII / DII or DII Buy sell Figure.

R: That is why IMHO the first hour of trade gives ample clue for the day.I only look for this one hour.

: option data carries some meaning......but this fii stuff i tell u.....is like the "white money transaction list" of the black marketeers!

: they reveal peanuts and make us nuts thinking that that was all that was there

: so, we must not get mislead....

fighting stop-losses!

: Don't fight with every stop loss on the way.....just the one or two strategic ones....Self talk

: lemme explain what i meant by this amusing off-the-cuff remark.......which i consider not unimportant...

: first....i said it primarily for positional trades pov

: lemme explain this with an example...

: as per my existing method, bearish (positional) trade was signalled around 8600spot....

: i have experienced that the biggest danger to a positional trade is at the start....

: there is, generally, a danger of back to back trend reversal signals.......there is a real danger of the trend trigger turning out to be a false one...a hoax.....

: but, in most of the (non ranging) times, this signal (or set of signals) have turned out to be right....

: assuming that the signal was right and the market, after a little bit of tantrum falls 75-100 points thereby ensuring that the trend is here for real.....you and your trade is out of danger.....

: assume that by now the market has slipped from 8600 to 8525approx (say)....

: since at every level of the market there is a practical/strategic stoploss, like there was at 8600 level, so there must also be a practical/strategic stoploss near 8525 also to defend the bearish trade which has already been confirmed as started...

: now this 8525 level stoploss will also demand a dog fight / dodge fight.....just like the 8600level or any other.....

: all i mean is that this 8525 level stoploss, though equally challenging and stressful and threatening, is not as scary as the one at the start of the trend....

: ur trade is already 75 points in the green and u can afford some inadvertent inaccuracy or hard luck in setting the trade stoploss......

: once a trend is confirmed green and well into the green, the pressure and anxiety in the cpu of the trader is and should be drastically down....he should relax and be more courageous....

: That's why I said "Don't fight with every stop loss on the way.....just the one or two strategic ones...."

why you lose

=u have been consistently losing
=despite there being more than 50% inherent chance of winning in trading
=because market can either go up or down.....
=yet u r losing consistently
=in other words, operators are consistently winning!
=isn't there, therefore, a clue in this about why?
=because u r consistently changing stance from your turn of winning to next trade of loss
=consistently changing stance because of fear/doubt
=fear of failure, fear ofloss
=ur instability is the root cause
=u have imaginations and trade as per them....
=u trade on presumptions!!!
=u don't have patience   and even when u have, u doubt it and this raises fear
=u r always reacting and always losing despite having inherent 50% chance of winning
=they want u to react
=they want you to keep behaving like that
=they want you to "act"
=they want you to see the charts etc
=they want you to kep listening to the "noise"
=they want to keep the simple setup complicated to keep you off and away
=they want you to put a stoploss
=they always want you dragged in and then thrown out
=their strength is unlimited cheap money, your weakness is v limited hard earned costly money
=your doubt and fear eats you, keeps eating you, will keep eating you...
=some statistical/probablistic/chance loss is inevitable in trading and that magnifies your fear and feeds your doubt
=so what to do?
=we should trade as per some "fixed" method
=we should trade as per some "edge"
=we should a position and "lock it"
=we should be stable.....buy right, sit tight....(even from trading pov)
=markets can wither go up or down or remain range bound.....no other way....don't let them use even these as weapons against you, including using range to "decay you"
=we are presently not using a fixed system.....we are always changing the logic of our trade
=we are not using an edge consistently and consciously
=we are not repeating it
=give surprise the chance to be pro-you....don't be always surprised and hence be  anti-surprise all the time
=u do something as per some dynamic edge repeatedly irrespective of the all the influences
=it's not about day trading strictly per se...it is more about periodic wins....it's like honey traps which u wind up after every peiod
=u can't eat every noodle bend of the operator chart unless u have unlimited money
=its not about the daily and hourly and minutewise kho-kho or running after the hen
=leave the what and how and why when of the operator acts to the operator...just remain somewhere with the net in hand and keep collecting without shaking
=decide a simple method/strategy accordingly

Self talk

[8:54AM, 17/03/2015] Jagmohan Singh: Stock market is the war zone of strategies.....Self talk
[9:50AM, 17/03/2015] Jagmohan Singh: If you find it emotionally very difficult to pull the (stoploss) trigger, let the system trigger it for you....use the automatic limit trigger and stoploss points.....both to square positions and enter new ones....Self talk
[9:51AM, 17/03/2015] Jagmohan Singh: The point which you can't believe as the one that can come should be your stoploss or trigger point....Self talk
[9:52AM, 17/03/2015] Jagmohan Singh: #The point which you can't believe as the one that can come should be your stoploss or trigger point....Self talk
[9:52AM, 17/03/2015] Jagmohan Singh: #If you find it emotionally very difficult to pull the (stoploss) trigger, let the system trigger it for you....use the automatic limit trigger and stoploss points.....both to square positions and enter new ones....Self talk
[9:55AM, 17/03/2015] Jagmohan Singh: #With method willing to go with nifty anywhere even if hell........ without one nowhere......even if heaven......Self talk
[9:56AM, 17/03/2015] Jagmohan Singh: #Self talk....10takaa loss ke dar se 100takaa profit mat ganvaa dena...
[9:57AM, 17/03/2015] Jagmohan Singh: #Stock market is the war zone of strategies.....Self talk
[9:58AM, 17/03/2015] Jagmohan Singh: #Laughter lubricates the struggle��
[3:43PM, 17/03/2015] Jagmohan Singh: #Never curse the method for not being able to clarify the confusing cusp of trends.....cusp are purposely made confusing and method is right in pointing that out.....Self talk
[3:50PM, 17/03/2015] Jagmohan Singh: #Don't quit, change
[3:51PM, 17/03/2015] Jagmohan Singh: #the more you sweat in peacetime, the less you bleed in wartime
[3:57PM, 17/03/2015] Jagmohan Singh: #Experts are always right in opinion, and always wrong in timing
[3:58PM, 17/03/2015] Jagmohan Singh: ...by giving hint to operators what not to do immediately

The ducks in line

[4:04PM, 17/03/2015] Mudraa rajan k: any trades using CCI
[4:06PM, 17/03/2015] Mudraa Guru Mysore: Nope only candles (patterns) sma rsi oi macd in tht order...need all the ducks to get alligned
[4:07PM, 17/03/2015] Mudraa Guru Mysore: OI alligns lil later but thts fine
[4:08PM, 17/03/2015] Jagmohan Singh: I mean, correct method trigger way
[4:09PM, 17/03/2015] Jagmohan Singh: #Even majority ducks will do instead of all ducks.....because some duck may be lame duck some day
[4:11PM, 17/03/2015] Jagmohan Singh: I also have a few pet ones.....
[4:11PM, 17/03/2015] Jagmohan Singh: ....method ducks
[4:13PM, 17/03/2015] Mudraa Guru Mysore: Good feed thm properly they will turn out to b gold laying ones...
[4:15PM, 17/03/2015] Mudraa Guru Mysore: Jus joking around JS ji ...dont take it serioysly
[4:16PM, 17/03/2015] Mudraa Shankar Dharam: I have two twin names r  RSI William
[4:19PM, 17/03/2015] Jagmohan Singh: I trust them with my money, they shop for themselves....
[4:21PM, 17/03/2015] Mudraa Shankar Dharam: Bade pyare hain dono
[4:21PM, 17/03/2015] Mudraa Guru Mysore: ���� shopping never been so fun
[4:23PM, 17/03/2015] Jagmohan Singh: Whenever they come to me to say they have lost my money, I forgive them with the promise that they will shop carefully next time and ask for help when in doubt....
[4:24PM, 17/03/2015] Jagmohan Singh: ...though heart in hearts I contemplate roasting them in barbeque

Self talk

[4:30PM, 17/03/2015] Jagmohan Singh: #Sense of humor is trader's best and only true friend-in-need
[4:34PM, 17/03/2015] Jagmohan Singh: #If you have lost but are still alive, it is still enough reason to cheer!��
[6:39PM, 17/03/2015] Jagmohan Singh: #ट्रेडिंग का खेल मोटी आँख से खेलो, बारीक़ आँख से नहीं.....आत्म संवाद
[6:45PM, 17/03/2015] Jagmohan Singh: Play the trade with broad eye and not hawk eye
[6:45PM, 17/03/2015] Jagmohan Singh: ट्रेडिंग में भी पैसा पैसे को खींचता है....बाकि सिर्फ़ हाथ खींचते हैं....
[6:45PM, 17/03/2015] Jagmohan Singh: In trading also, money attracts money....shadow pockets only retract
[7:01PM, 17/03/2015] Jagmohan Singh: #Operators make you take more trading decisions than you should take....Self talk
[8:21PM, 17/03/2015] Jagmohan Singh: Never eat till hungry, never trade if hungry
[10:03PM, 17/03/2015] Jagmohan Singh: #Stop loss elastic should be stretchable to the limit that trade pyjamas shouldn't fall....Self talk
[10:03PM, 17/03/2015] Jagmohan Singh: #with stop loss you can trade anything
[10:05PM, 17/03/2015] Jagmohan Singh: #Trading is the art of stoploss setting...
[10:44PM, 17/03/2015] Jagmohan Singh: Stop loss elastic should be stretchable to the limit that trade pyjamas shouldn't fall....Self talk

the story of my experiments with trading

: revered murliji has asked for my early experience in stock market.....this gives me an exciting opportunity to time travel and take a fresh look at where i started from, what all i have gone thru, where i have reached and where i intend to go.....

: each one of us, i believe, is potentially a booker prize winning, novel in flesh and blood......each one of us are worthy of am autobiography.....even if we are not a celebrity.....

: i strongly believe that we all should write our biographies......biographies are not meant for only immortals.....

: like ur stories, my story is also quite long and deserves lengthy treatment......i am glad that i kept writing instantaneous life-journey travelogue then and there and what u see in my blog is nothing but the compilation of those.....

: i take this opportunity to share (in brief) my journey in trading so far....

: in bits and pieces, here in a few whatsapp posts in next few minutes....(i love someone dear asking me to share.....i simply love when someone has time to ask and listen.....nothing oozes more love....nothing more does the humanity need so badly)

: well, in short...here it is....(and i welcome all to share there stories also)

: i am an engineer by training but took lot of foolhardy courage (and stupidy) to damage my career extremely badly and that too quite early in my life....

: and i had no mentor to give me sense.....

: anyhow.....i dropped to level II career path and dragged on.....

: due to this, i always remained dissatisfied as i always felt that my latent potential remained unexploited....

: as Abraham Maslow  hierarchy of human needs also states.....i badly missed the level 5 need....self realization....

: i always wanted to do something great and big.....make big money and achieve something astonishing.....

: which my level II career wasn't giving, wasn't expected to give.....

: so i started looking for "lakshya" (by the way, this is one of the reasons i love the hindi movie "lakshya" by farhan akhtar....)

: for many years i found many lakshya's but all fell way short of meeting by criterion....

: just like a range of subjects which are found "not satisfactory" by the Ph.D. guide to an aspiring research scholar...

: and when u r looking for a lakshya in ur life.....u start stumbling upon a lot of quacks.....

: i met people who gave me and inspired me into lot of "businesses" and "ideas".....all only to delay me, confuse me, frustrate me, throw me into loss, make me a bigger failure.....

: all this time i had, unfortunately, no friends......

: i came across no good ones and bad ones i didn't keep....

: had i got a mentor, i would have come out of that "age" much earlier....

: anyhow...

: i tried many businesses but was put off by the nuiances/roadblocks, least to mention the capital / permissions etc which were truly not my cup of tea...

: one option i had heard about was "stock trading"

: i knew nothing about it....and all i knew about it was that it was dangerous.....

: so, i left it even before i caught it....

: one day, i saw harshad mehta in shimla.....i think it was the year 2000.......he was coming out of the Cecil Hotel (Oberoi) in shimla....i was thrilled to see him from close quarters.......

: didn't have the courage to walk upto him and "take his blessings" 😃

: unfortunately he died next year.....alas

: still, trading was never in my "hit list"

: until 2002 when my life was in real bad shape........

: as the fate was to have it, that year, i fractured my foot in a fall and was bed ridden for 1.5 months

: in those days, personal computers were expensive and internet was thru sify.....v slow and.....

: i didn't know what to do all day.....

: so, i decided to do one think....study...

: so what did i choose to study?

: wel, well, well....i chose computer virus....

: i asked someone to go to bazaar and buy all hardware and virus/hacking etc etc related books for me.....which i got....

: for full 1 month i spent 15 hours a day to study computer virus/trojan/worms etc etc....(don't even recall everything now).....studied how the hackers hack... bla bla....just theory....the architecture.....without knowing anything in actual programming......i was good at concepts and zero in coding...by the time i bought c++ books, i was turned off.....

: but my foot was still 2 weeks or so from healing......

: so i turned to....

: u guessed it right....

: trading....

: how?

: there were no books available.....

: so i turned to "yahoo" babaa....

: google i don't recall....

: i searched for everything and anything available on the net on the topic "stock trading" and downloaded it.....

: i read it all, made notes and note and notes......

: i didn't have access to cnbc (if i recall correctly).......

: by the time i became road worthy, i had done a small "Self" diploma course in trading.....

: from abc to options, futures, margins and alike......

: i decided to run before learning to get on my feet and opened an account with a local broker......

: i started going to their terminals room everyday and just watched everyone there......

: i remember poeple smoking heavily in that small room looking at screen with blinking red and blue squares.....asking intermittently to buy some shares, sell some shares.....nobody was talking about nifty.....

: i must admit i didn't know that nifty could be traded....

: shorting was like magic to me.....how could anyone sell without buying.....i used to wonder....

: satyam and suzlon were very famous those days.....moser baer, jp associates etc etc

: i started in cash and carry....and started taking deliveries of the stocks i knew nothing about but felt that i knew everything.....and that i had "arrived" and that "all those illiterate old fashioned people sitting there should packup as an Engineer mind had come to conquer the market.....

: typing thru whatsapp on pc

: i think we all have the "bimaari" of considering ourselves "experts" while in reality we are not even worthy of standing there.....

: anyhow, needless to say, i was humbled quite early and mercilessly and repeatedly.....

: i kept returning home to get more money from my savings and kept returning next day......

: like a budding juaarii......

: the engineer in me simply refused to accept that i was beaten!!!

: fortunately, i got a good job offer (that too in my city) and got spared of the gallows....

: the job was demanding and i hardly got time and strength and money to blow in trading....

: after one year.....i was, again, suddenly reminded of my darling.....stock trading....

: i opened my first online trading account with icici securities which i later shifted to hdfc securities.....

: and then i started trading.....

: all of that is archived as (almost daily) article entries in my blog.....u can check

: i don't recall much

: since i wanted to be a millionaire overnight, i started with day trading 😌

: don't laugh....😄

: and...

: i started burning my fingers.....

Alok Srivastava Bangalore: it happens with every1😄

: the juaari in u doesn't generally die too soon...

: no method....nothing......just "stars in eyes and josh in heart"....@#$%$#

: then.....after some weeks, i decided that enough was enough, i should study and think.....

: should find out a clever method and start making money....

: and then, i started learning big time........

: it was 2004, i think....

: don't recall the details now.......

: thank god, i kept writing and posting in my blog......

: won't read it again as i will get v emotional reading them.....

: and might cry recalling the blood and pain and tears and sweat i went thru....

: every day i would wake up thinking that i will tame the market, will come out with a magical formula....

: everyday, i used to come out with "brilliant" "super" ideas which tested perfectly fine on screen....even back tested fine....

: only to crash and fail before the night when i would invariably discover the flaw, the loophole.....

: it was mostly day trading those days......

: i have changed my trading styles, and rules and methods and instruments and this and that a hundred times in all these years......

: i would always say to my wife that i have cracked the code, only to return with sagging face before her.....

: she is witness to hours and hours i spent every day for every month for every year since 2004

: hufffffff.........

Sanjeev: So u got the holy grail?

: then, when i came up with lots of smart and interesting and immortal tricks (which ofcourse flattered only to deceive), i came to know something called "technical analyses"

: sanjeevji!!! holy grail!!!! so early.......

: it was a eureka moment for me......meeting ms.technical analysis......

: "now, nobody can stop me" i said to myself.....forgot years of hardwork and got ready to start on a new journey.....

: just see how much hardwork we are willing to "write-off" in the quest for something......

: i don't remember the chronology, but i remember everything i came up and sown with.....

Sanjeev: How much u totally invested till now since 10 yeard

: will reply to that.....

: so, i started with technical indicators....and learnt a lot....a lot.....

: i must have learnt every indicator.......tried it.....only to get frustrated with results and drop it.......

: every indicator worked but didn't.....what a paradox.....

: finally i shortlisted a few (as per my comfort level and understanding).....rsi....sma....and a few more....

: then i started my epic journey with rsi.....

: i have no shame in demanding an honourary Ph.D. from (even a fake) university....i have done original work in rsi with the inventor Welles Wilder didn't  know......

: anyhow....

: after "mastering" rsi, i started trading more seriously.....day trading as well as swing.....

: and mind u, friends, all this happened over months and years......not as fast as it seems while writing this...

: one reason why i survived this long, besides my obsession with trading theory, was the rule i had made for myself.....

: that....

: "i will not bet big till i have cracked the code"

: this is the one and only reason i am still liquid and in the market despite having lost so many times in so many years....

: i have quit market so many times and i don't even remember......

: everytime some trick, method, indicator, plan failed.....it felt like a jolt.....

: i had left my career, failed at everything else......and here i was....having invested millions (in terms of minutes, blood drops, peace of mind, health....)and still nowhere near.....

: how would it feel?

: when indicator after indicator started to fail, i was again turned off....this time v badly....

: i stepped out of the trading ring but trading refused to step out of me.....

: i realised that technical indicators were not enough.....

: everyone was trading on technicals and getting beaten on tactics.....

: i was forced to abandon now even the technical indicators........

: for once it felt that all i had studied till now was useless.....

: i was hunting in the wrong jungle.....

Arun Singla: Ohhhh🙇🙇

: but my love for the trade made me forget my (study) "loss" and i was still excited enough to start my third phase....learning tactics......

: very few of u perhaps know that i worked on tactics for quite a few months.....

: i studied machiavelli, karl von clausewitz....etc etc...\

: i consider Al ries and Jack Trout my foster mentors.... i have read all their books.....and tactics was the underline force in everything they wrote....

: i compiled all i stuided in tactics and even wrote a small book on "Tactics"......all that is archived in my other blog....http://100tactics.blogspot.in/

: and then i discovered that operators were using dirty tactics.....

: and this journey continued.....and is still continuing.....

: on the way....i have discovered some great indicator applications.....some tricks....

: i have come across some loopholes of operators.....have got some secret keyholes which hint to what the operators might be upto.....

: some real original work....

: now when i look back....

: i realize that every little learning that i did in all those years (over 13 years) never went waste.....

: no indicator is complete.....but no indicator is useless.....

: every indicator is like an alphabet which when read alongwith other alphabets reveals something....

Alok Srivastava Bangalore: How has been 2008 crash for you?

Alok Srivastava Bangalore: many left mkt for ever in 2008

: i lost....but since i had that rule (mentioned above) i survived.....

: i have unwittingly re-opened my wounds.....

Alok Srivastava Bangalore: Were u able to foresee the bounce back in 2009

: i got my lakshya (aim)......i am satisfied....now working to achieve it...

: no....

: my most precious gems are the latest ones.....

: ur last and the latest lessons are often the best ones and carry the dna of all ur previous learnings......

: my success rate jumped dramatically last year (around july)......u can check mudraa....

: that was when things suddenly started falling into place and i started seeing which i was missing earlier.....

Alok Srivastava Bangalore: Accrding to u. What is the one thing which brings the traders back to mkt   inspite of so many loses

Alok Srivastava Bangalore: Everyday

Alok Srivastava Bangalore: Is that hope to make it big one day

Alok Srivastava Bangalore: ??

: hope, dream, sense of revenge, fighting back, no other way to go, back against the wall, desire to prove oneself....

: there is no holy grail......

: only the unholy secrets of operators.....which are no less than the holy grail....

: i have got a few

: thank u murliji for giving me the opportunity....indebted

Arun Singla: Karat karat abhyaas ke,
Jadmat hoth sujaan..

: abraham maslow was right when he put "self realization" on top and "money-like security need" at the bottom....

Sandeep Chennai: Great story js ji - lifetime of a trader

: yes, i know....acknowledge that.....everyone has one......its only that we are too shy and too modest to share......we all are heroes in our lives.....

Sandeep Chennai: This is true inspiration for everyone who has lost in life and how he can be successful if he has will to achieve

: Never worry about loss.....once you get it right, profitable trades will rise dramatically......it's only till that time.....

willingness to lose....

: t harv eker's rule that "comfort zone=wealth zone" applies to trading.....self talk

: it requires more guts to win than to lose.....self talk

: come to trading not just the money to trade but also some to lose....self talk

: come to trading with not just the money to trade but also some to lose....self talk

: if u don't bring some money to lose, u lose all in the casino and win nothing.....

: a bait is a must to catch the fish.......no bait, no fish.....and u got to have some guts to lose the bait occasionally.....otherwise remember that fish also have some brain

: u have to be more than half mad to be a big success in anything.....self talk

: to be extraordinary, u have to be, do, give that "extra"

Guru Mysore: Losing small bait many times makes to wonder is it a bait or good fat dinner to operators 😁

: If one is not willing to tolerate loss then winning is a suicidal endeavour....that is what I mean by bait, or amount to loose

Guru Mysore: I got it ji...jus joking around

: o ic....its ok then......otherwise, i usually get chhoooo when i or anyone is reluctant to lose.....to be willing to loose (ofcourse, intelligently) is the first sign of deserved profit

: afterall, any money you lower in the market has to be left alone for whatever period it is there in the market......and for all that time, it is closer to others than you......it is potentially lost....it is unsafe....so, if u r not mentally prepared to lose the money u have already betted by entering the trade, u will be nervous and so fearful that u will snatch it back, take it out at the slightest of noise....this is a big disadvantage in trading....nobody can think of making big money this way in trading....and not making money consistently in trading is akin to failure.....therefore, IMO, willingness to loose (intelligently and incidentally) is a very important essential quality an aspiring trader must have

stop worrying, start winning

Have u ever gambled?

Have u ever got the privilege to go to a casino?

Yes! Great!

So, here’s my question....

Will u ever go to a casino without money? Will u be allowed inside without bucks in ur wallet?

Well, even if u dare to go there bare pocket and even if they do allow u in, i don’t think they will allow u to sit on the table empty handed......even if they are gracious enough not to throw u out....

So? What do i want to say?

Simple....

If u don’t expect urself to go to a casino without money, how do gather the guts to go to the mother of all casinos, the stock market, without money?!!

U probably would shout at me that i am wrong and that u do go trading with money....but i will not agree to that. Lemme prove that....

When u go to the casino, u take money out of ur pocket, buy the tokens, sit at the table and put them at the stake. Then, u play hard and good, trying to win the tokens put on the table by others also....

While the game is going on, for all those minutes and hours, everyone’s money is fully exposed to everyone present there.....everyone has the equal opportunity to snatch all the money for himself!!!

But what do u do in trading?

U enter the trade pit, take out ur money, buy the lot tokens, put them on the “table” but never leave ur hands from them.....you are always touching your money....ever so eager to take it back at the slightest hint of danger of losing it......

Result?

U r so scared of losing the money that u never start to even think of winning anyone else’s money......u r there just with a false and fake wishful self-appeasement that u have come to “make” money....whereas in-effect u r there just for the thrill of “gambling”....

So, what’s my point?

To win, others’ money, u have to lose focus of “your” money and focus on “others” money. Only then u can win. And like in a casino, when u win others’ money, u also get back all of your’s also.

Those who are too scared of losing rarely win......and never consistently.....

Trade with money u can afford to lose......but never before u have the method in place.....

And make sure u don’t trade with more than 1/20^th part of ur trading capital.....even if u lose the first portion despite method, take it as just a probability outcome and nothing too serious. Take out the next portion and go for the next trade as per the system.....and so on.....you have to stop worrying about losing to win!!!

how many lots?

How much money do u want to make thru trading per month?

1lac? 2 lac? 5 lac? 10lac?

Ok....1lac?

Fine!

How?

Well, well, well.....

Wishing means nothing without the way!

Market doesn’t owe u anything. U have to name it to claim it.....

Right!

Come, lets see how u can make 1 lac per month....

First u need a method...that too a tried and tested and great one....

And this article is not aimed at helping u get one.....it is assumed that u have one....already...

U will be tempted to say that what else is left to be done if u already have the method...

Well, right, and worng....

Right because the method that works is the key...

Wrong, because u r still far from the dream of making that 1lac u want per month.....

So, what is that which is left?

......what is left is

........applying that method to the effect....

Let’s take an example....

Suppose, u want to trade in nifty and with 10 lots.

A small back of the envelop calculation will tell u that u need

Rs.1,00,000/10lots=Rs.10,000/- per lot per month to total that 1 lac.....

That would mean Rs.10,000/25lot size=400 points per month per lot....

Easy?

Well, not impossible....but certainly not easy.....

Besides, history confirms that there are many months where market vibrates within 200,300 point band all month....and squeezing 400 points every month is not a joke....

Is there a better, more pragmatic way?

Let’s see....

Rs.1,00,000/50lots=Rs.2,000/- per lot per month to total that 1 lac.....

That would mean Rs.2,000/25lot size=80 points per month per lot....

Right?

Right.

Easy?

Yes....!

Except...the guts to actually put on the table that much....

Increase the bet-size bit by bit.....practice it...

practice,practice,practice....

can’t ignore lot size without never getting close to your dream!!!

(but ofcourse, got to have a method first.....)