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.
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.
