Turning Profitable

Discussion in 'Professional Trading' started by mishwar, Mar 22, 2006.

  1. mishwar

    mishwar

    in my system there are three important things ...

    buying selling and the most important ........................ waiting

    doing that right now ..

    this is the analysis thread do check my other thread for actual trades thanks

    mishwar
     
    #101     Mar 27, 2006
  2. mishwar

    mishwar

    just a reminder .. holding 300 contracts long at arnd 1308.4
     
    #102     Mar 27, 2006
  3. mishwar

    mishwar

    its tempting to book the $ 30000 profit on paper so far .. .

    for those who just tuned in please see my other thread ..

    Analysis ....................
     
    #103     Mar 27, 2006
  4. mishwar

    mishwar

    #104     Mar 27, 2006
  5. mishwar

    mishwar

    The total profit in 5 trading days is approximately $ 105,000

    Do post your queries. Would be glad to address..
    PM if you want any details

    Thanks
    mishwar
     
    #105     Mar 27, 2006
  6. mishwar

    mishwar

    #106     Mar 27, 2006
  7. "After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!" Reminiscences of a Stock Operator
     
    #107     Mar 28, 2006
  8. mishwar

    mishwar

    with all respect to him.. he was a legend in his times... hats off to him... but only one small detail u prob missed.... the times have changed...

    forget this quote .. whats your own experience newbunch ?

    thanks
    mishwar
     
    #108     Mar 28, 2006
  9. My own experience is the same. Most of the money is made by sitting tight when you are correct. As it says in Reminiscences "The big money was not in the individual fluctuations but in the main movements—that is, not in reading the tape but in sizing up the entire market and its trend."

    Whether your holding time is 5 minutes or years, you should sit tight during that time as long as you are correct. As the Old Turkey (again, in Reminiscences) says, "I'd lose my position. And when you are as old as I am and you've been through as many booms and panics as I have, you'll know that to lose your position is something nobody can afford; not even John D. Rockefeller."

    And if you believe that times have changed: "The game does not change and neither does human nature." (Reminiscences)

    Mishwar, have you read Reminiscences of a Stock Operator? If not, do so!
     
    #109     Mar 28, 2006
  10. mishwar

    mishwar

    i totally agree with what you are pointing at !

    regards
    mishwar
     
    #110     Mar 29, 2006