Commodity Futures Charts Biography
My adventure begins
The first few days, life was great. I was making money. I would make a minimum of Rs 500 to a maximum of Rs 2,000 every day. After that, Lady Luck's smile turned into a frown and the firm's research calls no longer hit the target.
My losses began to mount daily: Rs 2,000, Rs 3,000 and even Rs 5,000 in one day!
In 10 days, I had lost Rs 17,000. Can you blame me for getting jittery?
Reality hit me: I was in unchartered territory, clueless about the products I was trading in. I did not understand a thing the dealer said in her daily briefings. She gave me her usual spiel and egged me on, saying there would be losses initially but, in the end, everyone made money.
Momentarily relieved, I breathed a sigh of relief.
I was going by the logic: Be fearful when others are greedy and greedy when the rest are fearful.
That's when the bombshell fell. The very next day I had lost another Rs 17,000 by trading in gold.
That did it for me. It was time to get out. Fast!
After adding the brokerage and the taxes, I realised I had managed to lose Rs 47,000 in 15 days flat.
But, since I tend to look at the bright side, I have to admit the last few days were a great learning experience.
Am I feeling cheated or sad that I lost such a huge amount? Not really.
I guess I've reached the stage where feelings or emotions don't last too long. They just vaporise after a while (like the money I made and lost in day trading).
But hey, I am wiser. So let me share some pearls of wisdom with you.
My adventure begins
The first few days, life was great. I was making money. I would make a minimum of Rs 500 to a maximum of Rs 2,000 every day. After that, Lady Luck's smile turned into a frown and the firm's research calls no longer hit the target.
My losses began to mount daily: Rs 2,000, Rs 3,000 and even Rs 5,000 in one day!
In 10 days, I had lost Rs 17,000. Can you blame me for getting jittery?
Reality hit me: I was in unchartered territory, clueless about the products I was trading in. I did not understand a thing the dealer said in her daily briefings. She gave me her usual spiel and egged me on, saying there would be losses initially but, in the end, everyone made money.
Momentarily relieved, I breathed a sigh of relief.
I was going by the logic: Be fearful when others are greedy and greedy when the rest are fearful.
That's when the bombshell fell. The very next day I had lost another Rs 17,000 by trading in gold.
That did it for me. It was time to get out. Fast!
After adding the brokerage and the taxes, I realised I had managed to lose Rs 47,000 in 15 days flat.
But, since I tend to look at the bright side, I have to admit the last few days were a great learning experience.
Am I feeling cheated or sad that I lost such a huge amount? Not really.
I guess I've reached the stage where feelings or emotions don't last too long. They just vaporise after a while (like the money I made and lost in day trading).
But hey, I am wiser. So let me share some pearls of wisdom with you.
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
Commodity Futures Charts
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