[1:30PM, 30/06/2015] jagmohanshan: if u didn't have the no-trade option and u had to take a call, had to take a trade, then which direction u will take the trade? what will be the criteria? what will be the trade size? when will u quit the trade provided u again weren't allowed the "no-trade" luxury?
[1:31PM, 30/06/2015] jagmohanshan: this single question can push u into hardcore trader groove.....like the proverbial penguin who was pushed into the sea and hence learnt swimming....
[1:32PM, 30/06/2015] mudraa ashok tainwalla: Awesome.....
[1:32PM, 30/06/2015] Mudraa Guru Mysore: excellent one..
[1:33PM, 30/06/2015] Mudraa Arun Singla: Pls. Someone explain this one in Punjabi ??
[1:33PM, 30/06/2015] jagmohanshan: our indecision becomes an excuse of not learning....not risking.....avoiding tough situations.....being indecisive....fearing to the level of becoming a stone
[1:33PM, 30/06/2015] mudraa ashok tainwalla: Trend, Criteria, Size, Exit
[1:34PM, 30/06/2015] Mudraa Guru Mysore: Archiving this.. excellent JS ji..
[1:34PM, 30/06/2015] jagmohanshan: the more u trade, the more u learn....
[1:35PM, 30/06/2015] jagmohanshan: come into the market with some sum to learn......never fear losing that amount.....take it as the fee for the "honorary diploma in trading".....
[1:35PM, 30/06/2015] jagmohanshan: but the condition is.....
[1:35PM, 30/06/2015] jagmohanshan: don't lose it foolishly....
[1:35PM, 30/06/2015] jagmohanshan: lose it, if u may, with some method......some logic.....
[1:36PM, 30/06/2015] jagmohanshan: lose it in bits.....divide that into baits....bits and pieces......lot many small trades
[1:36PM, 30/06/2015] jagmohanshan: trade a lot....
[1:36PM, 30/06/2015] Mudraa Guru Mysore: 1)without betting you cant win
2)To bet you need the chip two golden rule
[1:36PM, 30/06/2015] jagmohanshan: say "no" to "no-trade" luxury.....
[1:37PM, 30/06/2015] mudraa ashok tainwalla: Yes , that idea of 100x5 is stuck in mind
[1:37PM, 30/06/2015] jagmohanshan: take a call...up or down?
[1:37PM, 30/06/2015] jagmohanshan: 100x5...right!
[1:37PM, 30/06/2015] jagmohanshan: 50x5, 25x5.....anything.....
[1:37PM, 30/06/2015] jagmohanshan: never stand on the sidelines of the market......either get out or trade.....
[1:38PM, 30/06/2015] jagmohanshan: decide which side of the LoC u want to be....don't keep standing ON it.....
[1:38PM, 30/06/2015] jagmohanshan: tame the fear.....
[1:38PM, 30/06/2015] jagmohanshan: tame the fear.....tame the fear....tame the fear....
[1:38PM, 30/06/2015] Mudraa Guru Mysore: standing on the sidelines, where money is making the money then why to trade ?
[1:38PM, 30/06/2015] jagmohanshan: roar.....
[1:39PM, 30/06/2015] mudraa ashok tainwalla: attack
[1:39PM, 30/06/2015] jagmohanshan: lose money or win money.....but for heavens sake learn to play with it.....
[1:39PM, 30/06/2015] jagmohanshan: fear is the enemy of learning......and freedom
[1:39PM, 30/06/2015] mudraa ashok tainwalla: Gr8
[1:39PM, 30/06/2015] jagmohanshan: financial freedom
[1:39PM, 30/06/2015] jagmohanshan: don't paper trade.....currency trade
[1:40PM, 30/06/2015] jagmohanshan: that paper.....
[1:40PM, 30/06/2015] jagmohanshan: bet....
[1:40PM, 30/06/2015] mudraa ashok tainwalla: Dimaag khul gaya aaj ke pravachan say......thanks ji.
[1:40PM, 30/06/2015] jagmohanshan: even if 10 bucks.....but for god's sake.....tade
[1:40PM, 30/06/2015] jagmohanshan: trade
[1:41PM, 30/06/2015] mudraa p murlidhar: Js ji
[1:41PM, 30/06/2015] jagmohanshan: anyone who is not in a trade should sit in the common room......
[1:41PM, 30/06/2015] jagmohanshan: forget about that fear of being proved "Wrong"
[1:41PM, 30/06/2015] Mudraa Arun Singla: Ok
[1:42PM, 30/06/2015] jagmohanshan: tieup ur ego and come to the market shamelessly
[1:43PM, 30/06/2015] jagmohanshan: come naked.....
[1:43PM, 30/06/2015] jagmohanshan: this is the world for the mavericks.....
[1:44PM, 30/06/2015] jagmohanshan: honest, aware mavericks.....
[1:45PM, 30/06/2015] Mudraa Guru Mysore: 8349 spot.. holding the key.. shorts intact intra
[1:46PM, 30/06/2015] jagmohanshan: take the trade.....if u do that on some consistent uninfluenced logic, u r assured victory 50% of the times.....
[1:47PM, 30/06/2015] jagmohanshan: never be out of the market.....self talk
[1:47PM, 30/06/2015] jagmohanshan: except for holidays.......
[1:47PM, 30/06/2015] jagmohanshan: because, when in holidays, holiday absolutely....don't mix it.....don't stay out of the holidays!

[1:55PM, 30/06/2015] jagmohanshan: trading is easy...we do it with too much fear and too much reckless money initially......
[1:58PM, 30/06/2015] jagmohanshan: i typically have only 1/10th (plus minus) of my capital exposed in the market at any given time.....total peace of mind.....never need a sleeping pill......always sleep like a dead wood by 11pm
[1:59PM, 30/06/2015] jagmohanshan: market movements will never be obvious....otherwise the minority will not be able to hunt the majority.....
[2:00PM, 30/06/2015] jagmohanshan: trading against the obvious is difficult.....but needs practice and self taming
[2:01PM, 30/06/2015] jagmohanshan: doctors, engineers, teachers, defence personnel.....etc....all are logical people with belief in the "obvious"......all getting crushed accordingly

how i learnt trading with options (self talk)

: what i want to say is this

: that we can know when the trend starts or ends but can't tell how long it is going to last....

: and i have often noticed that

: indicators go silent / mute / meek / underground during strong trend storms.......

: they neither signal up nor down nor pause.....

: like a warning system signal which develops a snag when it is needed most

: the best and perhaps the only strategy available at such times (the one i am following now) is to keep trading in the direction of the trend with trailing auto stop loss

: options become virtual futures when they come in the money (after adjusting for the premium)........but are much less risky in the initial stages when the trend is not fully formed.

: sometimes markets go berserk.....that's the time we should stay sane.....self talk

: i just have literacy knowledge of options......but that serves me quite well when coupled with indicators/strategy/plan/method

: options are very simple.......complications are optional

: i have learnt options only from practical.......theory was so confusing.....

: i just learnt the basic meanings of options and learnt their behaviour by hit and trial....

: learning their beauty and ugliness on the way.....

: life or options......avoid theory, plunge and learn......

: that way u r spared of the wrong info which u otherwise might have to unlearn later.....

: and unlearning, mark my words, is a very painful, if at all possible....given the "investment" one has already made.....

: fear of losing investment is bigger and more crippling than fear of being wrong in the direction of trade....self talk

the safest gambling in the world

js 

: if you have 500 points worth of dollars and you take 5 shots of options worth 100 each (ofcourse using some head), Atleast one of them is going to click and make 500 for you. and imagine 2 clicking.....3,4,5!!! that's the magical safety of naked options trading.....self talk

jeneel

: 3 out of 5make a good.money

js

: the problem is we don't bet one by one....like James Bond we bet all in one go and get screwed.....

jeneel

: I agree.  I m one of.them.  sab kuch subah ka.breakfast mai kha lena hai.    Lunch dinner ki toh baat hi nai karni ya sochna

js

: trading is the safest gambling in the world.....

ashok

: Best and Safest business

js

: when I was trading,I was losing.....when I started gambling,I started winning.....
: besides, I gamble, not bet
: trading is probabilistic, not deterministic
: if you have 500 points worth of dollars and you take 5 shots of options worth 100 each (ofcourse using some head), Atleast one of them is going to click and make 500 for you. and imagine 2 clicking.....3,4,5!!! that's the magical safety of naked options trading.....self talk
: lemme explain this....
: suppose i have 12500/- rs with me.......
: and i am expecting market to go down.....and i want to play
: i will buy (say) one lot of 8300pe worth 100 points (example). that will cost me 100x25=2500/- bucks
: i can bet 5 times such a bet worth 2500/- in the 12500/- i have
: 12500 dovided by 25 (nifty lot size) = 500 points......2500/- x 5 = 100points x 5 chances
: if my 8300pe trade goes really right, it has potential to zoom to 500 in around 550-600 point zoom/rally
: if it goes wrong, the next 100 point bet can zoom..... or the next one.....or the next one....
: even if one of the 2500/- bet clicks, my 12500/- are safe......
: imagine more than 1 bet going right!!!
: imagine buying multiple lots....
: hope i have explained right...

self talk

[1:14PM, 05/06/2015] jagmohan: u need not surf every wave in the trading ocean......pick the one u want to ride, are ready mentally and physically to ride.............self talk
[1:21PM, 05/06/2015] jagmohan: i once read a very effective ad which read "earthquakes don't kill, falling structures do! build safe quakeproof buildings".......same beautifully applies to trading......"markets don't kill, trade sizes do! trade quakeproof positions"
[1:22PM, 05/06/2015] jagmohan: "i think all my positions are wrong the moment i take it.. read this quote some where... now will this bring fear or caurage to our trades?".....very interesting......trigering my thoughts
[1:24PM, 05/06/2015] jagmohan: whenever i am in a hurry or smart, i land in the situation explained by this thought u shared guru.......rest of the time i know i have caught the operator's plan
[1:25PM, 05/06/2015] jagmohan: our thoughts come from our repeated experiences
[1:25PM, 05/06/2015] jagmohan: experience-less thoughts create unwanted experiences
[1:46PM, 05/06/2015] jagmohan: never run on a mis-field (in cricket) and never re-enter a trade withing an hour of a considered exit......self talk
[2:32PM, 05/06/2015] jagmohan: costly brokerage is good because it doesn't fuel speculative trades.......self talk.......freedom of speech☺
[3:53PM, 05/06/2015] jagmohan: trading is the best lottery/gambling in the world with 50% chance of winning����.......self talk.....freedom of speech.....
[6:48PM, 09/06/2015] jagmohan: trading is like para sailing.....adjust the sail to the wind and hold tight, need not adjust to every gust.....self talk
[7:45AM, 10/06/2015] jagmohan: paradigm shift in trading approach changes trading effort and results......self talk
[2:12PM, 10/06/2015] jagmohan: trading is all about deciding - “which side"......market does the rest......self talk
[2:16PM, 10/06/2015] jagmohan: trade like an sma, not like a price line.......self talk

game I play

[12:38PM, 05/06/2015] jagmohan: many times i am not sure of market direction. i prefer to protect my capital at those junctions. i re-deploy the funds (re-enter the market) when i am reasonably sure of the direction/move. (not that i always get it right when i am sure, but atleast i try to enforce this self discipline by being in the market when i think i am reasonably sure, without faking it......self talk

[12:43PM, 05/06/2015] jagmohan: e.g. i know some down side left, but i am not sure whether it will be straight away (today) or after a small or good step up. i had around 170+ points to protect....so i stepped out with auto stop loss. am i now sure of upside.....not exactly....though i know (from options spread) that markets are likely to be in a volatile 300 odd points for next 2 weeks. i also, strongly feel that 8080-8090 or below is due.....so , i am waiting outside, waiting for a reasonably and honestly sure point to re-enter.

[12:43PM, 05/06/2015] jagmohan: lemme also share a game i play......

[12:55PM, 05/06/2015] jagmohan: i start with option worth rs.80-90.....then i let it grow to say 170 or 200 or even more (depending upon the surety of the move) and then get out. and when i re-enter, i deploy the same amount but in the nifty option which is at roughly the same point where i left.....eg. i just squared 8200put (bought @93) at 171. now, whenever i re-enter the market,whichever side, i will buy the call or put which will be 171 or around......then take it to 250,275,300 or whatever possible......the cycle will be repeated till it reaches to a level when i double or tripple the lots and accordingly decrease the option face value....eg. when this reaches say 500 with x lots, i may take 5x lots worth 100 face value......

[12:59PM, 05/06/2015] jagmohan: this way i keep going deeper in-the-money repeatedly and thus minimizing premium outflow......i also, tackle fear of loss better.....it becomes a game of point and not money. it helps in better accounting of money besides redeployment / plough back of funds. i end up playing just with the money earned and not "my own money". less fear results in lesser pressure and better decision.

[1:00PM, 05/06/2015] Mudraa Guru Mysore: JS, just a doubt, so 80-171 profits are also included in the second move from 171 ?

[1:00PM, 05/06/2015] jagmohan: yes

[1:00PM, 05/06/2015] jagmohan: jo jeeta....vapis table par.....

[1:01PM, 05/06/2015] jagmohan: and in case 93 becomes 53, i start with 53......if we have the capability we can convert 53 to 530 again......otherwise whats the point of even betting those precious 53?

Stone paper scissor

[7:22AM, 05/06/2015] jagmohan: I have a dozen shortlisted filtered special Trading tricks..... The good thing is that atleast one of them works brilliantly at any given time but the not so good thing is finding which one....... That is left to me to decide and therein lies the mind boggling challenge...... Self talk

[7:24AM, 05/06/2015] jagmohan: There is so much random mischievous yet conscious move of market by operators that no one way works all the time.....though some thing always does

[7:26AM, 05/06/2015] jagmohan: Market is not one but a clever dynamic random mixture of 10 phases, moods, setups..... self talk

[7:27AM, 05/06/2015] jagmohan: Sort of stone paper scissor with much more options

[7:28AM, 05/06/2015] jagmohan: Unending practice and keen eye required