Rajasthan Royals coach Darren Berry on January 25 lashed out at the Indian Premier League authorities for “humiliating” the Pakistani players in the January 19 auction and alleged “politics and foreign affairs got in the way of cricket decisions”.

Berry said his team was eyeing Umar Akmal but something “sinister was bubbling behind the scenes”, resulting in the collective snub to the Pakistani players in the auction in Mumbai.

“I do not have all the information – and possibly never will as this was a very delicate issue played out behind the scenes. However, I do know – due to my coaching role with the Rajasthan Royals – that a few weeks ago Umar Akmal was No 1 priority on the Royals’ shopping list,” Berry wrote in ‘The Age’.

“All of a sudden he was not available. As the auction unfolded live on TV in India, it became evident that it wasn’t just Umar Akmal who was in the no-go zone, but all of the Pakistan players,” said the former Australia cricketer.

Baffled by the treatment meted out to the Pakistan players during the auction, Berry said the likes of Shahid Afridis are justified in feeling slighted.

“I am staggered at the recent treatment of the Pakistan players. I agree with Shahid Afridi that he and his countrymen were humiliated in the IPL auction in Mumbai last week. Unbelievably, the world Twenty20 champions received no interest from any of the franchise owners. Sadly, politics and foreign affairs got in the way of cricket decisions and the game itself, along with the Pakistan players, suffered as a consequence…”

“The question is: why were they allowed to stay in the auction if no one was going to bid for them? Something far more sinister was bubbling behind the scenes and, sadly, the players themselves knew nothing about it. Sadly, two very proud cricketing nations are once again at loggerheads,” he said.

To begin with trading, it’s good to have good stocks to bet on and all the right strategies to succeed. But, despite all the good things to bank on, traders lose money simply because they are not able to control losses. More than gains, a trader’s focus should be on controlling losses. As the more limited the losses, the better the return would be eventually. Excitement should never creep in so overwhelmingly that it takes away your hard earned money and leave you nowhere. If you are a beginner, you should be more cautious towards your dealings. Make sure you are well-prepared before you hit the trade. When you open an account and begin to purchase stocks, making little gains is easy. A trader thinks that he can relax, not knowing that the tide may turn any day. Your stock can fall unexpectedly. Sometimes, the price starts to dip as soon as the stock is bought. When the stocks fall for a prolonged period, a trader loses composure and gets confused; this leads him to more losses.

There are a lot of things that cross your mind when you begin to lose. Like you could have stopped earlier or you should wait and watch. First and foremost, keep this in mind that every trader loses at some point or the other. So, losing isn’t strange in trading. You can’t have all the good days. The bottom-line is that you know what you are doing and you know the way to manage your losses and move ahead. Don’t be a fluke by making pots of money in a day and then losing everything on other days.

Well, you can follow a few simple things to handle losses, which will determine a smooth day trading for you. Read on.

Making a note of everything will help you a great deal. Write down about every trade, its profit and loss. Analyze your decisions and how it affected your business. Maintain notes of every trade to go along with your diary. Study the journal from time to time and see what you missed out on and what you could have done.

Trading isn’t an independent business. So, don’t be lonely by doing everything on your own. It’s important to interact with other traders and know their views also. Don’t just rely on your own knowledge or expertise; rather take from other traders what they have been doing to improve their trades. You don’t achieve anything on a silver platter here so learn to be patient. To achieve bigger success, one needs to work harder.

Besides, a trader should never think about trading without a well-defined strategy. Discipline should help you reach longer miles. A good day trader can’t afford to go by his whim. A smart trading tactic tells you to take decisions according to the time. It’s the right decisions at the right time that gives you what you want eventually.

So, keep record of everything that you do in trade and learn from your mistakes. Remain disciplined and focused. As long as you can adapt to the above basic rules of controlling losses, you can trade to gain.