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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Emotional Trading

Emotional Trading

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1Emotional Trading Empty Emotional Trading Sat Feb 05, 2011 2:17 pm

KPMG

KPMG
Manager - Equity Analytics
Manager - Equity Analytics
Trading is so exciting that it often makes stock traders feel high, and then suddenly very down.

Nobody can get high and make money at the same time. Emotional trading is the enemy of success. Fear and Greed are bound to destroy a stock trader.

A real professional stock trader does not get to excited or down about wins or losses

This is proper stock trading psychology.

The goal of a successful professional in any field is to reach his personal best. You need to concentrate on trading right. Each trade has to be handled like a surgical procedure - seriously, soberly, without sloppiness or shortcuts.

This is a stock trading risk management plan.

A loser cannot cut his losses quickly. When a trade starts going sour, he hopes and hangs on, and his loses pile up. And as soon as he gets out of a trade, the market comes roaring back.

Trends reverse when they do because most losers are alike. They act on their gut feeling instead of using their heads. The emotions of people are similar, regardless of their cultural background or educational levels.

Emotional traders go into risky gambles to avoid taking certain losses. It is human nature to take profits quickly and postpone taking losses.

Emotional trading destroys losers. Good money management and timing techniques will keep you out of the hole. Losing traders look for a "sure thing", hang on to hope, and irrationally avoid accepting small losses.

Having a risk management plan is not an option if you want to succeed as a stock trader.
Happy Trading.

2Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 2:19 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
CubedSol?

3Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 2:54 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Dear Poster,

I think u used a registered trade mark name, it will be nice to change your name, for others also dont have the registered names as your user names

4Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 3:39 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
you could be the dumbest trader in the investment market ! but
IF YOU CAN HOLD ON TO THE MANIPULATED SHARES WITH PATIENCE YOU WILL BE A WINNER
ex : GREG , REEF , DPL , and after another month will it be PCH ? scratch ????

THERE IS NO LIMIT IN THE CSE ( casino stock exchange )
UNLESS THE SHORT SELLING COMES INTO EFFECT Basketball

5Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 3:45 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
i don't know. ERI and REEF has institutional backing. PCH may find it difficult to get institutional support. Maybe they should go for a rights & warrants issue

6Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 3:54 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:i don't know. ERI and REEF has institutional backing. PCH may find it difficult to get institutional support. Maybe they should go for a rights & warrants issue

THIS IS WHAT NEWSTOCK HAVE TO SAY (a.k.a Nizam ???)

"NEWSTOCK"
Important developments: As per quarterly reports AS AT31/12/2010

New intelligent players including two foreign names have become some of the major shareholders during last quarter. They can accumulate further.

Three Top government institutions are major shareholders of this company

Dr SENTHILVERL has increased his share percentage massively. Who knows he can go above 10% or 20%/ Just like HOPL, TYRE, CWM,, HOPL, ECL and SEMB in the past. . He like tech companies.

lol!

7Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 4:18 pm

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic
are you an CA ? just a doubt as you are using such a firm's identity as user name.
anyhow if you sourced this typo from somewhere please indicate the source.

8Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 5:24 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@KDS wrote:are you an CA ? just a doubt as you are using such a firm's identity as user name.
anyhow if you sourced this typo from somewhere please indicate the source.

This article appears to have been carried in several different websites including http://bivib.com/Emotional-trading-is-the-enemy-of-success-Nobody-can-get-high-and-make-money-at-the-same-time.html

Unfortunately none of the sites are of any authorities. They are just collections of miscellaneous articles written by so called search engine optimizers to earn money with banner advertising.

9Emotional Trading Empty In Rome, you do as the Romans do Sat Feb 05, 2011 6:42 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Under normal circumstances, yes. Risk Management approach should be taken.

In the scenario today in the CSE, market players like Dammika, DR. S, ERI and some of our great brokers the game plan is entirely different. They are not even mentioned in any books and even WB would be lost if he does have a peek at the way business is traded here in Ceylon.

So the nominal investor has to have a better game plan that takes into cognizance all market and trading parameters.
I too am generally a very conservative investor and I look into the various aspects of a fall back in the eventuality that an investment goes sour.

So modus operandi:

* Have a target margin and stick to it no matter
* Trade like the market will crash tomorrow
* Never listen to your broker (He will ask to buy when price is very high or reversal will take place and he wants some of his clients business done with atyour loss)
* Read up what ever you can about the company (Like this forum or friends)
* Buy on cash
* Use you disposable income only
* Do not invest more than 20% of your savings / net worth (Unless you are at the playing level of Dhammika, Soeli, Dr. S. etc. etc.


10Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 7:06 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
you can't put dammika, DR S, soeli and them on the same boat as ERI. That's just a plain insult

11Emotional Trading Empty Why again PCH?????? Sat Feb 05, 2011 7:21 pm

KPMG

KPMG
Manager - Equity Analytics
Manager - Equity Analytics
@Meta Trader wrote:you could be the dumbest trader in the investment market ! but
IF YOU CAN HOLD ON TO THE MANIPULATED SHARES WITH PATIENCE YOU WILL BE A WINNER
ex : GREG , REEF , DPL , and after another month will it be PCH ? scratch ????

THERE IS NO LIMIT IN THE CSE ( casino stock exchange )
UNLESS THE SHORT SELLING COMES INTO EFFECT Basketball



Last edited by KPMG on Sat Feb 05, 2011 7:25 pm; edited 2 times in total

12Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 7:22 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:you can't put dammika, DR S, soeli and them on the same boat as ERI. That's just a plain insult

Why?
You're going soft on Dhammika or Dr. S?

13Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 9:14 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
hybrid_OS wrote:
@mono wrote:you can't put dammika, DR S, soeli and them on the same boat as ERI. That's just a plain insult

Why?
You're going soft on Dhammika or Dr. S?


dhammika is a business man, he wants to earn money by improving business blah blah blah....

just look at hayleys, dhammika basically turned that company around.

ERI & REEF are a whole different game altogether

14Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 10:18 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@mono wrote:
hybrid_OS wrote:
@mono wrote:you can't put dammika, DR S, soeli and them on the same boat as ERI. That's just a plain insult

Why?
You're going soft on Dhammika or Dr. S?


dhammika is a business man, he wants to earn money by improving business blah blah blah....

just look at hayleys, dhammika basically turned that company around.

ERI & REEF are a whole different game altogether
Yes he is such a great business man Smile. A business man who joys in the sorrow of others. HE started off as a slot machine operator earned a fortune and turned to Casinos. thast where he earned the money. Now he is just diversifying and trying to make a better bigger name for idiotic of the public eye.
HE will always be a guy who became rich by scraping the money from others by deceit.

15Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 10:32 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Rajitha wrote:
@mono wrote:
hybrid_OS wrote:
@mono wrote:you can't put dammika, DR S, soeli and them on the same boat as ERI. That's just a plain insult

Why?
You're going soft on Dhammika or Dr. S?


dhammika is a business man, he wants to earn money by improving business blah blah blah....

just look at hayleys, dhammika basically turned that company around.

ERI & REEF are a whole different game altogether
Yes he is such a great business man Smile. A business man who joys in the sorrow of others. HE started off as a slot machine operator earned a fortune and turned to Casinos. thast where he earned the money. Now he is just diversifying and trying to make a better bigger name for idiotic of the public eye.
HE will always be a guy who became rich by scraping the money from others by deceit.

Eh! so what's wrong with operating casino's, SONY owns half the vegas strip. did he, dammika perera, strap people onto a chair and make them gamble. What a load of bullshit dude.

And your argument is completely non sequitur anyway. the point is about his acumen as a businessmen not what sort of business he did or what he want's the public to think of him.

Soo.. what's your take on DIST & CTC?

Can i expect hear moral babble from you about those companies as well

16Emotional Trading Empty Re: Emotional Trading Sat Feb 05, 2011 11:53 pm

KDS

KDS
Senior Equity Analytic
Senior Equity Analytic
i agree with mono, talk with relevance.

i also completely disagree on comparing business ppl such as Dhammika with ERI. People like dhammika don't try to deceive the normal investor and earn money for himself !!! They grow with the normal investor, but at a higher pace due to the fund they manage and some maniplulaion of course with the help of Mr. Nimal Perera.

Dr.Senthirlverl does not suit with the style of Dhammika or Captain. He has different objectives and play the game in a different style which i do not want to elaborate.

I would simply say Dr is a high calibre manipulator compared with dhammika.Captain is high net investor and go with long term objectives and has not plays for short term gains. So, better keep him away from the discussion.

Companies such as ERI target the investors and drain they liquid in long run, therefore play the game safe. Gamble with stocks such as ERI, PCH only when you are confident and have expertise.Dont just as thers are saying and get drowned.

17Emotional Trading Empty Re: Emotional Trading Sun Feb 06, 2011 12:25 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Mono, KDS, please do not get emotional!

Also, stick to the subject. You see my comments was on emotional trading and not on any particular investor.
They were mentioned to avoid their extreme style of investing.

So its like when the teacher tells the student in the class to write an essay on " A Bull", exited and bright student ties a rope to the bull and ties the other end of the rope to a "Tree" and then starts to write about a "Tree".

Small deviation!

18Emotional Trading Empty Re: Emotional Trading Sun Feb 06, 2011 12:38 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
hybrid_OS wrote:Mono, KDS, please do not get emotional!

Also, stick to the subject. You see my comments was on emotional trading and not on any particular investor.
They were mentioned to avoid their extreme style of investing.

So its like when the teacher tells the student in the class to write an essay on " A Bull", exited and bright student ties a rope to the bull and ties the other end of the rope to a "Tree" and then starts to write about a "Tree".

Small deviation!

you should tell this to that fellow 'rajitha', he was the genius spewing all this moral babble about casinos.

My point was pretty simple Dammika buys a company to do business not to dump warrants. and neither does Dr. Senthil. Of course both of these guys have some skeletons i their closet that i'm not going to talk about. But neither of them run a outright ponsi scheme.

19Emotional Trading Empty Re: Emotional Trading Sun Feb 06, 2011 1:04 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks Mono,

I respect you for your very sober reply. That's what I call comradeship!
Anyway, we are a small group and then nothing like a bit of poking going around as long as its within the framework of trading!

Rgds

20Emotional Trading Empty Re: Emotional Trading Sun Feb 06, 2011 2:18 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:
hybrid_OS wrote:Mono, KDS, please do not get emotional!

Also, stick to the subject. You see my comments was on emotional trading and not on any particular investor.
They were mentioned to avoid their extreme style of investing.

So its like when the teacher tells the student in the class to write an essay on " A Bull", exited and bright student ties a rope to the bull and ties the other end of the rope to a "Tree" and then starts to write about a "Tree".

Small deviation!

you should tell this to that fellow 'rajitha', he was the genius spewing all this moral babble about casinos.

My point was pretty simple Dammika buys a company to do business not to dump warrants. and neither does Dr. Senthil. Of course both of these guys have some skeletons i their closet that i'm not going to talk about. But neither of them run a outright ponsi scheme.
THIS IS BEYOND INVESTING , AND MOST PEOPLE ARE NOT YET HAVE THE ABILITY ,KNOWLEDGE OR THE OPPORTUNITY TO ACCEPT IT .

it is good to see at least some one come up with this kind of idea
this is what i think rajitha tried to point out was ,
investing should not always to be for PROFIT !!!
I'll give u an living example !

when i worked for one of my dads friends company as a cost analyzer i had the
shock of my life , he is already rich and famous, (believe me i know how wealthy he is )even Mr Harry jayawardana called him
by " MACHAN " but he never smoke , drink , eat meat , egg related foods. can you believe this person ?

and i remember when the one of foreign agent of " world vision " company came up with a very profitable project he never accept it.
( i saw that project ) BUT WHY ????

i think you will going to get my idea .

how many of us willing to live a very good life without doing any harm to the society and environment ??


“Our current monetary system is not capable of providing a high standard of living for everyone, nor can it ensure the protection of the environment because the major motive is profit…In a monetary system purchasing power is not related to our capacity to produce goods and services. Today money is used to regulate the economy not for the benefit of the general populace, but for those who control the financial wealth of nations.”

it need guts to survive like this in modern society !!!

THIS IS BEYOND INVESTING , AND MOST PEOPLE ARE NOT YET HAVE THE ABILITY ,KNOWLEDGE OR THE OPPORTUNITY TO ACCEPT IT .
I'M STILL TRYING TO GO ON THIS ROUTE BUT .........scratch
AT LEAST I HAVE THE WILLINGNESS........
AND I DON'T THINK I'M THE ONLY ONE WHO HAVE THE WILLINGNESS..... Rolling Eyes
( wonder how many reply s i ll get ? ) Rolling Eyes
lol!

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