Thank you SG bhai.....
Well ofcourse you will have to find out what is wrong with me.... well i would suggest a few that I think is terribly wrong with me...
1. I often find it hard to pull the plug. I get into a position relatively easily but when it comes to getting out either in loss or profit, Im not too good @ it.
2. My business includes lot of travelling, so sometimes Im not able to monitor my positions daily.
3. There is a lack of confidence, which is primarily due to a string of losses & everybody around saying its all gamble where one can only lose money. I have people around me often asking me if im in Red or Green.
4. I havent been trading consistently, I keep trading on & off, somehow tend to lose out on the winning bets of my method and get in only during sideways movement. It has got a lot to do with fear too.
5. For example I bought LIC Housing @ 225 on 28th-Oct. I liked the price structure. Price bounced off a support forming an ascending triangle. I kept a mental SL of 210. The price went up & came down to hit my SL, but I didnt square it off... The stock gave me a second chance and this time I was determined that if the price doesnt cross 241 I will square it off but I'm still holding it.
These are 2 videos where I had tried my hand @ analysing nifty, if you look @ it, it must give you a peek into what goes on in my brain....
http://www.youtube.com/watch?v=g-2af-CPkus
http://www.youtube.com/watch?v=Wi9Pcu57inY
Ok.... There are many more flaws in me.... just not able to put my finger on it right now......
Looking ahead @ enlightening sessions with you....
Tx a lot
Krishna.