i cannot trade Indian futures with 8000 inr in the bank ....but i can trade sp 500 with 8000 inr
Bhel puri...Improving Brooks the Padu Way
- Thread starter padutrader
- Start date
If you wanted to, could you trade Indian stocks and options with 8000 inr in the bank?
Why? At the end of the year after X number of trades, the %GAIN in their account is what rational traders find more important than what product they trade. The question to consider is do you know for a fact that you can produce more %gain by trading sp500 than by trading Indian stocks and or options? Do you even care?
you must understand you can only buy near the top and near the bottom...i do that
so it is stupidity to put a stop if you know you are buying near the top/bottom......
because if you do not know the fucking top/bottom how the fuck can you put a stop beyond the top/bottom? so the stop is always in the wrong place.
of course most beginners are selling near the low -because the trend is their friend- and buying near the top since they can see the trend!
bt that is a different story...trade the trend is fine when there is a trend .....but not when there is not one..and this is the case 70 % of time
so it is stupidity to put a stop if you know you are buying near the top/bottom......
because if you do not know the fucking top/bottom how the fuck can you put a stop beyond the top/bottom? so the stop is always in the wrong place.
of course most beginners are selling near the low -because the trend is their friend- and buying near the top since they can see the trend!
bt that is a different story...trade the trend is fine when there is a trend .....but not when there is not one..and this is the case 70 % of time
You should write a book, sell a million copies, then trade the sp500 with the profits.
i can trade options in India but i do not want to spend another 14 years learning about them
your advice is why my daily prayer is: GOD save me from those who are trying to save me
and send me a list of what else i should do
You are such a kidder Padman. The trading skills you use today may very well produce twice the amount of Annual % Return on investment by trading Indian stocks and or options than on the sp500.
After you start putting some actual skin in the game, your sp500 dollars, it could possibly occur, and i know that the odds of this are slim in your mind, but there's just a smidge of a possibility that you could get your little hiney handed to you in a hat.
If you see that event out on the horizon, perish the thought, then remember this series of threads. You may have additional avenues to success other than that easy peasy sp500 cornucopia of cash overflow. Break a Leg Champ! You're gonna need a bigger safe!
If your safe gets stuffed to the gills, no more room for it all, you can hide your USD using a plan like this... Nobody'll suspect a thing.
https://elitetrader.com/et/threads/trading-chairs.226092/page-20#post-5330615
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