This message thread may take sometime to complete but I hope to do it before tonight.
This is prompted by @sidhuram 's decision to quit trading.
I also read through all the reply messages in his timeline. While some offered help others empathised with his decision and a few
1/n

.. joined him ruing their fate of calling it wrong And in one message read about how Bank Nifty defied all logic and moved past 24000.
Guys.. you are all very young.
Ok I understand you want to break this bad run and so take off.
Like the proverbial husband who vows when
2/n

..the wife goes through labour pains you are now saying, probably at the bidding of wife or someone close, not to speculate again.
I understand that.
But let me be harsh.
You are abdicating your logical mind.
Sit down and analyse.That us fine. But don't tell me you quit
3/n

You won't.
If you have traded for 2 years (I know Sid has traded for 2 or more years) you can't leave this.Particularly when you know that the profits eluded you due to your mistakes and not due to market or the product. You subverted the system and wanted it to be subjugated
4/n

..To your whimsical views. And it refused to obey. Rightly. You stood before a 40 wagon Goods train and expected to get out of it by stopping it.
That's possible only in Telugu movies man. Not ever in reality.
You tried too many systems and ended up confusing yourself and
5/n

..landed in soup.
Now think. List out your mistakes and write them down. Shamelessly face them. Allocation of Capital, selection of system to trade, checking adequacy of funds, sitting tight on your trades when system hasn't given a sell and even if you deboarded the train
6/n

.. wait patiently for the next signal where you board it safely, refusing to use your trading capital for other purposes, at will increasing and decreasing position size, hedging indiscriminately and losing the cream of moves provided by system are all common mistakes every
7/n

..New trader commits.
You are not unique. Neither in identifying a trade or committing mistakes.
So stop self sympathizing and face life boldly.
Not for a moment I am suggesting you to borrow and trade or leave your jobs to trade.
These can coexist if you keep your heads high
8/n

If you are less than 40 and have a decent job and your tech knowledge is decent there is no reason you can't learn system trading.
Kick aside the diffidence. Go to a temple if you are a believer and pray for 5 minutes. Start a new life.
Success is just round the corner
Cheers!

Post Scriptum
If you have doubts whether discretionary indisciplined traders can transform sensibly, here I am. From an extremely discretionary and indisciplined one ever since 1990 to 2007 I turned into 100%system trader at my very young age of 52.
So you guys are young enough