Friday 19 October 2012

Weekend Special (20-21 Oct 12)

GAMBLING... BETTING.... TRADING..... INVESTMENT....

I have noticed one interesting fact in past few sessions and like to share with you. 


First - Due to some reason and strange market behavior I was feeling uncomfortable in making calls as most of time Nifty moves were strange and stocks were on risk. As I believe its better to sit on cash rather than to loose by unnecessary entering into market on unsecured calls. Blog visitors waited a long for a call as they were expecting new calls but I preferred to sit quite as dont wanted to put their money on risk.

But some people feel uneasy when they do not trade a single day in market, they feel they could have earned as when they think I can buy this stock and the stock goes up, believe it, when we just think for stock, in most of cases it goes up while we entered and we made loss in more cases. Why because when we enter we look for big TGs, we dont follow SLs in hope that it will come in profit a day and finally it goes out of control. I put this strange behavior in the category of betting.


If you read, most of stock experts have sit on cash (since 5-6 trading session), they are just doing small or intraday trades, I just remember 1 or 2 week earlier EU's top Investor was saying "I have enough cash but I am waiting" 


So when I didnt make call I clearly see fall in visitors a bit, fall in messages a bit, I am happy if we are going away from impatience fellows as in this series I took some wrong decision on right calls, mean I made call right but due to impatience (please do not take to heart, I am sorry if it hurt you, as I am not telling about any particular person but I am talking in general about fact) repeated questioning I closed some of rocking calls either in loss or with minimal profit. (This has happened for both Blog & BC)


When I say we do select limited trade, people dont understand it because as told they are looking for 2-3 calls on daily basis and more importantly they want all call should hit TG. I had told earlier that I can do it very easily but then success rate can fall somewhere between 60%-70%. They get disappear. Its OK for us because I take it in another way - I try to understand ball and try my best to convert it into four or six.


Meaning rather than earn few hundreds by putting money on risk on daily basis what if we earn same amount in a series with few select trades. I put such attitude in clever category and can say they are wise traders.


Third comes - some people dont want very big money mean they expect realistic figure (like we expects more than 100% return), they are silent traders, actually they are investors (short to long term), they take good advice, they buy good stocks (both are most important i.e. good advice and good stock) and at comfortable level they book profit. They remain winner in most of cases.

Last one - they just open terminal, read something strange, see stock moving up, they enter without any clue for TG or SL, yes sometimes they make good profit but sometimes when trade goes wrong they wash out all earnings and dip in deep loss. They are real gamblers. If you have good luck line, your bet will give you profit but for what if not?


I also experienced when someone tell like that we dont believe, we just wish he should stop speech. I believe if I start it with 50K today, and start adding 3K-4K every month (by profit), Next year my asset would be 1L+ and I plan it for 5-6 Years then it could be somewhere 5L+ 


STRAGNE???????

Its true, if you have good adviser, if you have patience, if you can control your greed and lastly if you can follow Trade System then you can convert it into even more... WHAT I AM DOING
RIGHT NOW... and the purpose of Blog & Billionaire Club is that only.


Majority think - Its necessary to make PROFIT rather than LOSS


while MG thinks - Its necessary to PROTECT YOUR INVESTMENT rather than to LOSE

There's a silver line between two.
So remember - little earned money always a pin point, temp to lose control, temp to bet.


--------------------------------------------------------------------------------------------------------
So I am happy if impatience people have stopped following us (as they create noise and also weaken others confidence too, great lesson I have learnt from my last 2 calls of SBI & Axis Bank) as my goal is just to make select people Millionaire and the Multimillionaire in next 5 Years . I MEAN IT AND I WILL DO THAT.
--------------------------------------------------------------------------------------------------------

Lastly - follow me and my ideology I will make you rich.

GOOD LUCK


===========================================================

Beginner's tool - http://en.wikipedia.org/wiki/Stock_market
===========================================================

 Important Message - Next week we have expiry on 25th Oct 12 & one short trading day on Wed 24 on account of Dasara.

18 comments:

  1. MG sir, I've been following tbz for the past 3 days, and it has gone up by almost 20%. On mmb, the boarders were like tbz is increasing cos of the festival season.

    ReplyDelete
    Replies
    1. Thanks Uday, will see, I am just a bit feared with expiry else we have good bet for next series.

      Delete
  2. MG Sir or Others...Can you plse suggest some reading materials, books, websites to learn about market, technical analysis, to understand trends and also pls advice is there any free technical analysis chart software. Thanks in advance.

    ReplyDelete
    Replies
    1. Hi Soumik - I have added link in post, please first go through that, once you done let me know, because without basic it wouldn't be wise to move on deep study.

      Delete
  3. Dear MG Sir, what you said is 100% correct. Out of my impatience I bought 20 lot 5600PE@7 what I should do? Could you give any advise?

    ReplyDelete
    Replies
    1. Hopefully you will get chance to exit on Monday, global cues are not supportive so opening can down the sentiment but remember TCS has all time surprised and can pull market up.

      Delete
  4. seeing this,feel i have all diseases as per MG Sir

    ReplyDelete
    Replies
    1. Prem
      Please understand MG Sir is helping us to make money so we should support him and not distract him what he is doing for us. Especially during market hours we should avoid asking him silly question. If you have any question you can mail him and he reply to everyone. Any question regarding current affair or market you can ask on the blog and he give answer for that if you notice. No need to take anything on heart. Just simple follow his post and you will get all the answer. Enjoy and always make profit from MG Sir.

      Delete
    2. Vinodjee
      It is not like that.I am not taking anything to heart.
      I am accepting this. Untill we don't accept we can't correct it

      Delete
  5. ''Just because the market is open does not mean you have to trade. Cash is a position too”

    I usually don't get time to trade due to my job (with MNC firm and it's one of the world leader in research&IB, which also provide A-Z service, then too i love to read this blog every day)but I would like to thank MG for his sensible advice and priceless calls. I appreciate your work.
    Please keep it up!

    Your follower,
    Rohit

    ReplyDelete
  6. Arks wanted to wish you all -

    Good Afternoon Sir,

    Wish you and your family and all the members of blog page a VERY HAPPY and ENJOYABLE DURGA PUJA.....cudnt come on blog because I was travelling...just have read your article now....tried to post in blog but dont know y I cudnt.
    Anyway Sir, Wish you very happy MAHA SOSHTHI.
    Regards,
    Arka.

    ReplyDelete
    Replies
    1. Hey Arka,

      Most of the time when I'm in office, I check the blog and comment through my mobile. There is an app called blogger, you can try that. Mostly, the mobile browser works fine too.

      Delete
  7. Thanks Rohit, Vinod, Prem - Little efforts, still trying to learn a lot whenever time permit.

    Rohit has excellent quote - ''Just because the market is open does not mean you have to trade. Cash is a position too”

    Like what I says always instead of profit even if I get success to protect your investment that is too a great success as above 70% are looser in market, believe it or not.

    Vinod has also good point - if during market hours you can keep your concentration only on market movement and can provide useful info to all would be a great help for me and for all. Dont lose your patience as if 1 or 2 trade goes wrong we have lot of opportunities in future.

    Happy Durga Pooja to all of you and your family. Hopefully MAA will bring Diwali gift for all of us soon.

    ReplyDelete
  8. Aptly said MG,You cannot satisfy all and one should not also try o.Do what u do best and those who believe in ur philosophy will follow you!!!In my 6 years in Stock Market have hardly come across any person whose calls near almost perfection.Wishing all the boarders and membres of this Blog Happy Dussehra.Let Good prevail over Evil.

    ReplyDelete
  9. Hi MG trying to read options as a strategic investment by lawrence mcmillan.It a good book on Options.

    ReplyDelete
    Replies
    1. Prasadji, I am not aware about it. My biggest teacher is my day to day experience which I am gaining here on blog, i.e. everyday I make MB which gives me idea about market direction, then I do some paper trading according to data. (Good News From Monday we will put FII data under Nifty section everyday and that would great understanding for all of you)

      Books are always good because always you will find something good and different info in each book, I will appreciate after your reading you share some key facts of that book here. Or you can send me few scan pages on email and we will publish it here in weekends.

      Thanks for your trust & believing in factual psychology. some people like always energize me and that's for what we are here else nothing is there to take unnecessary burden on the cost of wash out of your every weekend.

      Delete
    2. Hi Guru,
      You can also try 'options, futures and other derivatives' by - John C Hull, widely regarded as Bible of the trader.

      Thanks MG for your new initiative.
      And Good luck & happy dussehra and durga puja to all!

      Thanks,
      Rohit

      Delete