Hello friends
I have been trading for more than a year now, and still not learned the basic "DISCIPLINE". I trade a system for 3 days continue to make profit and lose all the profit and a major part of my capital in one day. All these days I am still continuing doing this. ?????? Am I a dumb person? NO I would say I am above average and even say I am smart. I am a businessman and I am very successful through out my career. Then why am I into trading???? Because I wanted to take up trading as my career and be successful. I tried many methods to be a disciplined trader, but failed in all my attempts. Why???
Because I did not revealed to anyone what am I doing in front of the terminal all day, so, I am doing whatever I feel like and converting a 2000 loss in to 10,000/- and again making a false promise to myself that I will follow the rules hereafter.. after 2 - 3 days back to square one.????? If I were to omit the big losses I made, I have made quite a sum of money through trading.
So, I have decided to post here what am I doing honestly, and see the result after one month If I am not following the system again, I say "GOOD BYE" Trading. period.
Let me not discuss about the system here, the idea here is to "FOLLOW" to the dot. of course the system has logical entry, logical stop and a realistic exit.
If any of you have this problem and wanted to overcome please join me and post your entry stop exit, and at the end of the day let us see whether we have followed our plans.
My Trades Today
Entry Stop Exit Status
Rpower Short 157.3 158.8 154.6 Stopped at 158.8
Relinfra Short 1125.5 1135 1096.2
Prajind Long 88.4 87.5 89.8
Mrpl Short 76.35 77.5 74.8
Ivrclinfra Short 176.8 178.4 172.8
mphasis Long 661.1 655.3 668.8 Stopped
around 50K for each trade.
Seniors and successful traders I need all your encouragement to become successful. As of now I am not really concerned about the results of the strategy I am only trying to put myself to follow it.
Thanks
Richo
I have been trading for more than a year now, and still not learned the basic "DISCIPLINE". I trade a system for 3 days continue to make profit and lose all the profit and a major part of my capital in one day. All these days I am still continuing doing this. ?????? Am I a dumb person? NO I would say I am above average and even say I am smart. I am a businessman and I am very successful through out my career. Then why am I into trading???? Because I wanted to take up trading as my career and be successful. I tried many methods to be a disciplined trader, but failed in all my attempts. Why???
Because I did not revealed to anyone what am I doing in front of the terminal all day, so, I am doing whatever I feel like and converting a 2000 loss in to 10,000/- and again making a false promise to myself that I will follow the rules hereafter.. after 2 - 3 days back to square one.????? If I were to omit the big losses I made, I have made quite a sum of money through trading.
So, I have decided to post here what am I doing honestly, and see the result after one month If I am not following the system again, I say "GOOD BYE" Trading. period.
Let me not discuss about the system here, the idea here is to "FOLLOW" to the dot. of course the system has logical entry, logical stop and a realistic exit.
If any of you have this problem and wanted to overcome please join me and post your entry stop exit, and at the end of the day let us see whether we have followed our plans.
My Trades Today
Entry Stop Exit Status
Rpower Short 157.3 158.8 154.6 Stopped at 158.8
Relinfra Short 1125.5 1135 1096.2
Prajind Long 88.4 87.5 89.8
Mrpl Short 76.35 77.5 74.8
Ivrclinfra Short 176.8 178.4 172.8
mphasis Long 661.1 655.3 668.8 Stopped
around 50K for each trade.
Seniors and successful traders I need all your encouragement to become successful. As of now I am not really concerned about the results of the strategy I am only trying to put myself to follow it.
Thanks
Richo
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