My holy grail Las vegas casino style day trading strategy

[TraderRavi]

2000 posts in rajbhai thread, most popular thread in TJ..........:clapping::clapping::clapping:

 

[augubhai]

@Augubhai

From your link which has excellent ideas: The Incredible Rooftop Pool In Singapore (But only for patrons of the Hotel)

This rooftop swimming pool is in my hometown in the infosys campus in Mysore.

https://www.google.co.in/images?q=infosys+mysore+swimming+pool

 

[DanPickUp]

This rooftop swimming pool is in my hometown in the infosys campus in Mysore.

https://www.google.co.in/images?q=infosys+mysore+swimming+pool

So what do you mean with: Enjoy this Hotel places in your place if you even can go there. Nothing new to me as I lived for years in Asia direcly on the Beach beside the most beautifull hotels which I had at any time entrance to any place, if now on the swimming pool on the roof or to the best restaurants they had. Good luck with your:

Take care / DanPickUp

 

[Rish]

Ravi...nice jokes.....but for bachelor traders it's true story........every one under estimate us.......actually they don't know we (The traders) can rule the world.....not only money.............because of super computer brain.........:thumb:

:clap::clap::clap::clap::clap:

 

[Tlahuicole]

Dan bhai, that roof topp pool pic is from marina bay sands in singapore I guess, I once visited that roof top but they did not allow me to take a dip as I entered as tourist

Money matters.

 

[sudoku1]

ok gambler, one day TP & TR will beat ur capital :annoyed:

strive 2 beat ur own capital guys....wil help in long run ! a swarm of bees is enough 2 beat an elephant

 

[sudoku1]

same here,i think i wont get married, otherwise nifty touch 10000.and not any parents interested to marry her girl to trader (may b they r holding stocks to give it as dowry, now the value is 1/10 :rofl

around 1990, d shares of a gujrat based called BARODA RAYON CORPORATION was considered d most prestigious holding as a status symbol wid FATEHSINGHRAO GAIKWAD at its helm.in gujrat in those times, d share certificates were a part of d dowry parcel

 

[sudoku1]

Dan My dream house will be same like you..near beach but somewhere in California...like some super rich Hollywood stars own ...hope same day this wish comes true

start taking actions fr ur dreams cm true right now...dont jst rely on hopes

 

[HEM]

Shah bhai, In the market what's required to be done is very simple. But as somebody said - what's simple is the most difficult thing to do. By understanding how the market works, and adapting our psychology to the market, we can get the opportunity to make as much money as the market wants to give us - which is always more than what we want to take....

I too have been thru the similar scenario - Having booked profits early, saw that the market was giving 2-3-5 times more profit without any issue. I guess the difference between a professional trader and an amateur is that the professional trader will let the market tell him when the time is right to exit. An amateur trader will take profit as per his psychology (read fear) - the professional will take as much profit that the market will allow him to.

I will be posting a separate thread along with charts a lot of basic and simple techniques and setups of how to make money consistently.

To answer your question :

When you are entering the trade - remember it is your money at risk. So why would you be in the trade if it goes against you.? Just close the trade. Kill the loss fast. You can always enter the trade again, if you see the market is moving in the direction of your trade - which should be in the direction of the main trend.

However, once you are in the trade, and in the money i.e the trade is in profit, whose money are you playing with.? The market by giving you profit has already confirmed that your entry is correct. So now, you should trail your profits. It is not your money that is at risk - but the money that the market has given you.

Since the trade is moving in the right direction (it is in profit), the money that is at risk (is not yours, but the profit that the market has given you), you don't lose anything by holding on to your trade. Only be generous, to let the market take back a little of the profits, (in retracement) but as long as the trend is intact with - HHHL, LLLH you will make much more money by trailing SL.

Even if you get stopped out, you got to be in the trade -risk free, and exit profitably. For every one set up that fails - (nothing is guaranteed in the market), you will get many more opportunities that will be much more profitable. For every 1 rupee that you give up in profit, you will get the opportunity to make 2-3-5 rupee more especially in a trending market.

Daytrade/positional in my view is when the trend has changed - don't rely on any fancy indicators to tell you that. A visual look at the chart to see HHHL/LLLH is broken is good enough.

In short - trade in the direction of the trend. Trust this helps. Will post more later, along with some charts in a thread what I have learnt trading - and what other traders can do as well to trade profitably.

Good luck and happy trading.

Dear DSM brother,
when you are starting your new thread.............eagerly waiting......... kuch naya sikhane ko milega.........:clapping::hap2::cheers:

HEM

 

[HEM]

start taking actions fr ur dreams cm true right now...dont jst rely on hopes

very well said and very nice said, sudoku brother........:clapping::clapping::thumb::thumb: