nac Calling JOBBERS/SCALPERS
- Thread starter nac
- Start date
@Ranger: Come on Ranger, I was kidding. What better than some laughter after 9:3.30 serious work. Don't mind. What i meant was just don't call me sir. Call only Aadi.
@nac: You still seem to be upset. I don't know how to explain you but isn't it good to know that you have committed most of trading mistakes while you are still so young and the money you lost is petite infront of what you can make in years to come. Have you thought of traders who go bankrupt at late middle age. You have a whole life to start fresh with more vigour.
Think of the money you lost as "Trading Fees" , guru dakshinah to market (if you will).
How much does a doctor make (exception our Dr. Saint) ? few lakhs may be and see how much does he pay in tuition fees ? Don't you think you did better ? Cheer up. I am confident you will see a U turn and if better V turn, but don't get complacent and certainly not broken.
All the best. Only reason I turned from silent Traderji member (reader) to active was because of your post. So i owe thanks to you. If there is anything i could do to help your confidence bounce back let me know
@nac: You still seem to be upset. I don't know how to explain you but isn't it good to know that you have committed most of trading mistakes while you are still so young and the money you lost is petite infront of what you can make in years to come. Have you thought of traders who go bankrupt at late middle age. You have a whole life to start fresh with more vigour.
Think of the money you lost as "Trading Fees" , guru dakshinah to market (if you will).
How much does a doctor make (exception our Dr. Saint) ? few lakhs may be and see how much does he pay in tuition fees ? Don't you think you did better ? Cheer up. I am confident you will see a U turn and if better V turn, but don't get complacent and certainly not broken.
All the best. Only reason I turned from silent Traderji member (reader) to active was because of your post. So i owe thanks to you. If there is anything i could do to help your confidence bounce back let me know
Sorry missed this Post,
If you are just starting and havent' mastered any form (infact mastering is a life long process, i meant consistent in profits) then it is not good idea to jumble different styles of trading. (i hope you know the parable how donkey was created :lol: ).
There is no problem in trading more than one style but you should know the difference and never jumble them. Don't enter thinking you will scalp it but then you stayed longer seeing the profit rise. And vice-versa, don't scalp if you entered for trend.
Infact i see the market condition, which decides my form (very rarely both style of trading comes into picture in the same day).
P.S: It seems, i am stealing the limelight (though not voluntarily) from nac. This is nac's thread, i hope nac doesn't mind me giving such replies.
If you are just starting and havent' mastered any form (infact mastering is a life long process, i meant consistent in profits) then it is not good idea to jumble different styles of trading. (i hope you know the parable how donkey was created :lol: ).
There is no problem in trading more than one style but you should know the difference and never jumble them. Don't enter thinking you will scalp it but then you stayed longer seeing the profit rise. And vice-versa, don't scalp if you entered for trend.
Infact i see the market condition, which decides my form (very rarely both style of trading comes into picture in the same day).
P.S: It seems, i am stealing the limelight (though not voluntarily) from nac. This is nac's thread, i hope nac doesn't mind me giving such replies.
Nice question... I was expecting this for a long time. But I couldn't comment on this. Don't take it as I am refusing to reply... Already I am getting slapped left and right and I am psychologically dull not in a position to take all the comments as I was a month ago.You don't believe me...
I was scared to open this thread last few days, especially last weekend while I was getting too much slaps. My heart was pounding as if I am taking bigger size position while typing my TJ id and password (thinking who would dropped by and what would have written about me)
Maybe it's a kinda funny when others read. But that was how I felt.
Dear Aaditya,
I am just begining to doubt how can we share such common things or is it just coincidence. Another point in the context is Nac, I too owe him to make me active from being a avid reader on TJ. You may observe my DOJ and my initial posts which transpired between me and Nac (also shared couple of PM with him on a different subject altogether). I too felt like sharing certain lessons I have learnt over the last few years. Only difference is you are more active than me here.
Regards,
I am just begining to doubt how can we share such common things or is it just coincidence. Another point in the context is Nac, I too owe him to make me active from being a avid reader on TJ. You may observe my DOJ and my initial posts which transpired between me and Nac (also shared couple of PM with him on a different subject altogether). I too felt like sharing certain lessons I have learnt over the last few years. Only difference is you are more active than me here.
Regards,
Last edited:
Dear Ranger,
I assume that you are not into jobbing exclusively and follow different methods for day trading.
To come to your point directly, if you do not leverage, making substantial gains from day trading for living is less likely. Even if you have large sum as your trading capital. I would focus on monthly returns or RoI as a measure of how much money one can make in the market. Hence leveraging is necessary for day trading. How much to leverage will depend on your MM and Risk Management. More so, if you have different time frames of trading other then day trading (like in my case) your RoI will be different, as you are more focusing on MM. Hence your day trading may help you make double than your longer time frames method.
Adding to what Aaditya mentioned "sky is the limit", YOU can decide how much to make from the market. If your method produces say even 15% RoI p.m. and is scalable then who is stopping you to borrow @ 2% pm and pocket the difference. You can make money without having money. BTW this is only an example I am providing and am against trading on borrowed money.
So your method's RoI and scalability is what you need to define to arrive at how much on an average you could make every month.
Regards,
I assume that you are not into jobbing exclusively and follow different methods for day trading.
To come to your point directly, if you do not leverage, making substantial gains from day trading for living is less likely. Even if you have large sum as your trading capital. I would focus on monthly returns or RoI as a measure of how much money one can make in the market. Hence leveraging is necessary for day trading. How much to leverage will depend on your MM and Risk Management. More so, if you have different time frames of trading other then day trading (like in my case) your RoI will be different, as you are more focusing on MM. Hence your day trading may help you make double than your longer time frames method.
Adding to what Aaditya mentioned "sky is the limit", YOU can decide how much to make from the market. If your method produces say even 15% RoI p.m. and is scalable then who is stopping you to borrow @ 2% pm and pocket the difference. You can make money without having money. BTW this is only an example I am providing and am against trading on borrowed money.
So your method's RoI and scalability is what you need to define to arrive at how much on an average you could make every month.
Regards,
Last edited:
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
NACH/Debit Mandate | Brokers & Trading Platforms | 3 | |
|
Why Do users of Discount Brokers complaint of Data Feed Inaccuracies | Data Feeds | 2 | |
|
Anybody here using optionaction Software ? | Software | 6 | |
| M | fibonacci pivot point | AmiBroker | 0 | |
| D | "Lost" barrels: where is unaccounted oil pouring from? | Energy | 0 |
Similar threads
-
-
Why Do users of Discount Brokers complaint of Data Feed Inaccuracies
- Started by mevaibhav
- Replies: 2
-
-
-