My holy grail Las vegas casino style day trading strategy

[rajgreenpeace]

Some of the thoughts from the top of my head :

1) Spread the money over many different bank accounts. It's a big hassle managing so many different account numbers and passwords and procedures. But put up some upper limit of the amount to be maintained in one account.

2) Spread money over 3-4 broker(s).

3) Most banks have a flexi deposit kind of scheme whereby some amount in your account is automatically transferred to FD above a certain limit.

Its a phrase some people might have heard at one point in time or another in their lives - More money, more problems.:annoyed:

But how can that be they say?

Wouldnt money greatly reduce the number of problems you would have in life?

You could live like a king and enjoy life and not worry about a thing, right?

Its really easy to think money can solve all your problems in life, especially if youre young and/or dont even have any money or very little to begin with.........

When youre barely making ends meet, money sure looks like it can solve all your problems but the reality is though, like they say, with more money, comes more problems (I would actually phrase it differently More money, more worries.:annoyed. Some people may say that only those who dont have any money declare that more money leads to more problems in order to justify themselves for not having any but ironically, its the people who say that money can solve all problems that dont have any..........

Those who do have/make a significant amount of money can attest to the fact that it results in a pretty different life experience that brings along with it, a whole new different set of problems........

Those who dont have the money will not understand simply because they havent experienced it....... Theres a huge difference in assuming something when you havent experienced it and actually experiencing it..........

This post is not meant to condemn those who are rich or who desire to be rich and declare them as doomed or unhappy.......... ....:clapping::clapping::clapping::clapping::clapping

 

[rajgreenpeace]

My heartiest thank to DanPicup...........he is very helping person....thank again for your valuable PM.......:thanx:

 

[rajgreenpeace]

Weekend Psychology from my personal experience :Keep your trading simple..... Many new traders are attracted to hype and complexity and this must be avoided at all cost..... Complexity may appear attractive at first, but for most people complex trading is hard to master and may eventually destroy your trading confidence...... Ensure that the strategy you have been mentored in is easily understood and the key points that initiate a trade are easy to identify.........:thumb::thumb::thumb::thumb:

 

[DanPickUp]

Weekend Psychology from my personal experience :Keep your trading simple..... Many new traders are attracted to hype and complexity and this must be avoided at all cost..... Complexity may appear attractive at first, but for most people complex trading is hard to master and may eventually destroy your trading confidence...... Ensure that the strategy you have been mentored in is easily understood and the key points that initiate a trade are easy to identify.........:thumb::thumb::thumb::thumb:

Very well told.

Some adds to that nice post:

Not at all cost. I do not agree with that.

Let me use the following words:

It can destroy your trading confidence at begin when not understood the basics behind it. If people then giving up to try to understand it for what ever reason, that could be a key point of failure now and in the future. It could and can be a failure as long as people do not recognize or have worked out what kind of traders they are or want to be and what kind of strategies they really want to go for.

So people have to be very clear and very precisely about what kind of trading they choose and how much time they want/can spend in it to understand what they plan/can do.

No need to go to those very specific complex trades, but a way I choosed. Personal choice and possibilities offered around me.

What ever is choosed:

Here your words come in to the context of this post, which are just my two cents and are in no way meant for any competition about what ever or any critiques about your post:

Key point: Trades to enter must be easy identified. :thumb: All the rest which comes now to go complex is indeed hard to master, even for more advanced traders. Not many around here which know or have any idea how to do it, but also indeed no need to do so.

On the other hand: An incredible good weapon against the market and against all the .......................... some time in the forum........ which like to ............on others head......... with out knowing in dept what can be done............................. with money..................

By the way: Thanks for you kind words in the above post.

Take care and all the best / DanPickUp

 

[rajgreenpeace]

Very well told.

Some adds to that nice post:

Not at all cost. I do not agree with that.

Let me use the following words:

It can destroy your trading confidence at begin when not understood the basics behind it. If people then giving up to try to understand it for what ever reason, that could be a key point of failure now and in the future. It could and can be a failure as long as people do not recognize or have worked out what kind of traders they are or want to be and what kind of strategies they really want to go for.

So people have to be very clear and very precisely about what kind of trading they choose and how much time they want/can spend in it to understand what they plan/can do.

No need to go to those very specific complex trades, but a way I choosed. Personal choice and possibilities offered around me.

What ever is choosed:

Here your words come in to the context of this post, which are just my two cents and are in no way meant for any competition about what ever or any critiques about your post:

Key point: Trades to enter must be easy identified. :thumb: All the rest which comes now to go complex is indeed hard to master, even for more advanced traders. Not many around here which know or have any idea how to do it, but also indeed no need to do so.

On the other hand: An incredible good weapon against the market and against all the .......................... some time in the forum........ which like to ............on others head......... with out knowing in dept what can be done............................. with money..................

By the way: Thanks for you kind words in the above post.

Take care and all the best / DanPickUp

I agree with your key point..........:thumb::thumb::thumb::thumb:

 

[DanPickUp]

I agree with your key point..........:thumb::thumb::thumb::thumb:

Now a straight question and no critique to any of your post or any competition questions in any way. I am not here to fight any body as long as I am not fighted. I know your quality and what you do. What I told in the PM counts at any time.

Now let me kindly allow you to ask the following question:

What is for you an easy key/reason to enter any trade?

As I have not read all of your post's, you may did post that in the past. In that case a link or a hint will do.

Reason: Educational.

With all my respect to you / DanPickUp

 

[rajgreenpeace]

Now a straight question and no critique to any of your post or any competition questions in any way. I am not here to fight any body as long as I am not fighted. I know your quality and what you do. What I told in the PM counts at any time.

Now let me kindly allow you to ask the following question:

What is for you an easy key/reason to enter any trade?

As I have not read all of your post's, you may did post that in the past. In that case a link or a hint will do.

Reason: Educational.

With all my respect to you / DanPickUp

I do not follow any specific criteria for entering in trade. I observe market trend if it show some positive/negative trend then enter for trade .......:thumb::thumb::thumb::thumb:

 

[rajgreenpeace]

Sunday Psychology from my experience: Psychology is an overused term... Really what it comes down to is that to be successful as a trader you need to have self-mastery (self-control) to trade a system with an edge and to achieve that edge...... With that being said, there's usually personal development required to control natural impulses broadly related to fear and greed that can threaten impartial decision-making when our money is on the line........

When you find yourself a successful trader and you look back at the growth you've had you can see that you're a much different person than you were when you were starting out.... Much more self-controlled. It's great to take time to reflect and appreciate that growth.....:thumb::thumb::thumb::thumb:

 

[Taiki]

Sunday Psychology from my experience: Psychology is an overused term... Really what it comes down to is that to be successful as a trader you need to have self-mastery (self-control) to trade a system with an edge and to achieve that edge...... With that being said, there's usually personal development required to control natural impulses broadly related to fear and greed that can threaten impartial decision-making when our money is on the line........

When you find yourself a successful trader and you look back at the growth you've had you can see that you're a much different person than you were when you were starting out.... Much more self-controlled. It's great to take time to reflect and appreciate that growth.....:thumb::thumb::thumb::thumb:

What an awesome feeling that must be.. Great words

 

[rajgreenpeace]

http://www.moneycontrol.com/news/lo...-rate-unchanged-bank-nifty-dip-12_899919.html