Best intraday trading strategy by Rakesh jhunjhunwala || Rakesh jhunjhunwala latest interview

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01. i think got to know you in the 1990s in the ring of the old bombay stock exchange in 20 years since then there's one maxim that stands out about you that you've said it in numerous parties bars in the ring and i'll say them colloquial and then translate it in english says i don't think for a good trader we can i think we don't initiate more than 40 percent of trades which are right right suppose i'm bullish say on xyz stock now i buy that stock if it goes up it's an indication of the fact that i'm right and you know we we we do what i call is pyramiding i buy stock at 100 i buy more 105 i buy more 110 so what are markets what is trading is basically momentum so you play momentum so if the market is rising whether it's momentum is upwards so you buy on the rise the markets are going down you sell on the or sell on the fall and this i don't mind i don't indicate in long term trends you know medium control on the short term trends this applies to short contents medium content and long-term trends so you should never average a losing trading position well at your own cost never right i never do that's a huge mistake isn't it unless or until you know we believe over the best talk at 90 and i feel you know it's going to go it's gonna have a big upside and you know the fall is four five percent i might cover it but temporarily everybody as a rule in trading i will never ever have it but uh rakesh are you think saying that a good trader should have this highest position outstanding at the highest price absolutely why not who knows what is the highest price it's counterintuitive though isn't it i mean most people have their profits that's why out of 1 million traders only 9 90 or 100 really make money what will you look for i will look for first of all look for broad direction don't try to be an expert don't try to predict every move every hour every day right take a loss know what to stake right i think this is i mean i i mean i feel confident trade anywhere in the world all what you need to have is a broad direction of the trend right a very broad idea don't write you an expert in it right know what to take and when to take a loss that means most people can't hold on to trading profits right isn't that the big problem well it's a problem but who knows you know i don't know i watch on this tv targets what are targets who can predict anything see when i buy a stock that comes and level it which i also feel that the price is unreasonable but at that moment i'm alert that unreasonableness has to be combined with technical you know technical weakness then only is you know then is only the remove exhausted so what is the problem with the lower tops for example or poor volumes or bad price actions absolutely things like that general trend and you know the general belief of you know just believe in the market just go up there's no tomorrow trees don't go to the sky that is the other thing that all good traders always pronounces know how to take a loss why is that so important in uh because see nobody can predict momentum it can turn we never know you know all big moves start with small moves right and therefore the price is the first indicator of what is coming so if if i if i would do a trade so i expected stock at 100 and it goes to 120 and i buy more normally by the time it's night it'll be all squared up you'll you take that you know i mean i can't sleep i can't eat i just let her knees and sometimes in the market against me i'm one easy up till 9 15 and 9 45 squared off you're fine in my career also i own money in trading it's not that every year i made money you know i made it in sports right and i've made it in for certain periods 89 to 92 2003 to 2007 2009 10 2011 has been a good year so having made it in sports say 94 to 99 i want to make any trading income the idea is always as you said you know to when the iron is hot strike absolutely don't try to make fifty thousand rupees and we are not running in trading by employing billions of dollars in trading my net capital employee trading is one lakh so if i don't say even if i even own one credit card imagine return on equity right because everything else is borrowed and i pay interest on it so my real capital cap capital my partner reform is one lakh really yeah that's interesting so it's pure leverage you don't need capital i put my and my wife's assets and borrow money for foreign foreign so so so so so oh