| Dear Mushtaq Bhai
I have been meaning to write you this piece for so long... Up to March '04 I used to invest in the Secondary Markets for a thrill to see me outperform the Markets. Never did understand the meaning of the term that I used to very often used to use `Outperform or making a killing blah! Blah!'. In front of my fellow businessmen, my peers my subordinates and well my broker. Never did loose any major money but the gains were also not soaringly high either. But what could you do the guy who never did sell anything in loss & wld sell only if the stock paid its buy+interest.
Then I came across you while surfing on the net & on some whimsical thought which some people call providence & some call destiny, but to me whimsical is good enough, I subscribed. Thereinafter for first quarter I just did dummy paper trading using U R advice & trained myself into following it to the letter. So to say I just wasted my subscription.
And at the QTR 1 ended and I totaled up the REDBOOK as I call it, my mind literally boggled my money had multiplied more than 5 times. This time on I decided to get into actual F&O trading, and believe me Sir that despite the 3 month trading I booked losses of more than one hundred thousand. Then I sat back and analyzed that where am I going wrong and instantly spotted my folly.
What I was doing was that used to continue holding till the `Stop loss' was hit but never waited for target 1 or worse still when T1 was achieved did not book profits and like a DUMMY kept waiting for T2 and at times I let a perfect Trade turn into a loss proposition.
Then on the tables are totally reversed: Not only have I wiped my losses in the last TWO months but my `Little Red Book' is replete with GREEN (pun intended). People, that is other traders wait for my instruction to my broker to very closely follow U R Trades (Probably they are in the Dummy Trading Mode) they marvel at my voracious appetite for profits no matter which way the market is headed.
But they still do not have the benefit of your sonorous booming voice that travels almost 1750 km to comfort my nerves when I need that never failing advice. You are extremely sound in U R analyses at once a consultant ; a teacher; a friend; a peer; a philosopher ;all rolled into one. Above all you are very passionate about u r work and tops are those u rs never cheesed off by daft students like me. You are a master craftsman of your trade I. Hats off to you.
You've shown me a whole new world and whetted my appetite for more `n' more. You are very good teacher for good pupil of course. You talk of your subject in no uncertain terms & perhaps your true value can only be estimated by a good listener and automatically he can glean matter that can be put to gainful use. With a little intelligence on part of the listener, you can really take him to an orbit of technical excellence that can only be yours. I do not know why I am writing you these but these are my heart felt emotions.
Thank you once again. Regards
Yours
Nalin Goel
Lukhnow |
