Trade Learner

oilman5 · #1 3rd June 2008, 07:55 AM

hi
i try to give some idea on trading .many a concept is known.......also expressed by many.
still its old wine in new bottle.

dhakkan · #2 3rd June 2008, 10:12 PM

Oilman da,

We are waiting... please update.....wine's good for health ..

oilman5 · #3 4th June 2008, 03:43 AM

thanks dhakkan.......hope u enjoy ur service now...........and plan to trade in future
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first is what u r ?be honest to answer it...........say mr dhakkan.........an exceptional knowledgable fellow loses in market.........where as sgm earns from market regular basis.
...........answer is right initiation.
u must have zeal to learn..........not zeal for trading.
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personal adaptibility..............another key theme.
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in ur personal life .........u play different role, though u feel trader in u, can surpass other
................fact may be its incoherent with ur service life,family life.so u have to put trader in u..........in spl nursery.............to grow it up........under best care by u
IT TAKES TIME.
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aim to be a professional trader...........who gets 100% annual return from market........that is only job.normally it takes 4yr after initiation to become a pro.
since middleclass and concept of earn and learn imp...........it reqd some time before initiation..........from amateur to pro.
so this amateur state to be defined...............approx. 3yr........gather knowledge......
take trade here and there..........some profit some loss..........many profits......then some big loss .......back to square one[ludo]............journey to take tips.......with mixed experience.....reading ta books /internet /message board/tv watch/fundamental of business..and economy.............lucky to be get mentor........or learn by hard knock from market.
one thing is sure..................he knows whether trading is for him...........so his next attempt is serious[if not perished already]
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oilman5 · #4 4th June 2008, 04:01 AM

so amateur now knows value of knowledge, danger of half knowledge ......imp of risk analysis.........value of probability
can he be governed by price or by opinion....................will decide his fate.
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if opinion comeback to fa..........learn to be an analyst[an mba in finance or cfa in india]
study and investigate............talk and talk.......sell product[to client name of share.....a dream].............ofcourse buy it in name of relatives[to avoid insider trap]........yes its a way........workable...........big names do in india
so called fund managers..........+aggressive propaganda/marketting in tv channels
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problem of opinion is...........u can not use stop.basically amateur trades based on emotion...........forgetting its a game of maturity.worst is..........a trade loss not booked
...........converted to an investment.............a bigger loss[i have enough in this trap]

oilman5 · #5 4th June 2008, 04:33 AM

how a fa works?...........he gets info beforehand........he can interpret quickly[mind it i dont use word accurately]................report will publish soon .........media shall hype it later...........they earn by proximity..........an example [i am loser here...........ongc for oil price up.........will get huge profit from ongc videsh.......so i take position......as result is not yet published..........excess profit around 20000cr...........what u think ...i hit a jackpot?........fact is some 2weeks back it is decided it had to pay subcidy burden of 30000cr............since others downstream company not earning........

JUST SEE ONGC CHART.......DAILY FROM 15TH APRIL '08......TILL DATE

so fund manager starts dumping on every oppurtunity.........go short at 1020-1002 zone
with a target of 950 short term........on confirmation by news 850..........so most investrader like me massmurdered.........
..............
on the contrary a great ta trader cv[hypothetical , if u like its saint]........can see sudden strong bearish attack............in ONGC........HE HAS NO OPINION ,HE JUST BELIEVE IN PRICE...........[pivot is breaking down for follower of saint]..........make short of 4lot...........225x4x Rs50/-=45000 earning in a week.
.....so do i make myself clear ........how a pro earn ?......wait for oppurtunity ....utilise it when it comes[execution]

oilman5 · #6 4th June 2008, 04:52 AM

an enormous amount of information u have to gather and assimilate...........then understand game of hype.
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instead if u understand chart.....................chance of success av joe is higher.so now
perceive.....a method is reqd,discipline is reqd.............commitment is reqd..........only on those condition i shall trade.............otherwise shall pass on.
so ..........trade-learner..........must never be an investrader.
must not believe in gossip/tips
a routine to learn...........a habit of self evaluation ........take practice trade ........and evalute why he is right/when wrong why?.........that is praticing of right side of chart......a software called omnitrader'......has this game playing mode.......excellent for trade learner.........as its choose stock.........one yr back.......now allow u guess right.....bar by bar ......game goes on...pattern will be developed before ur eye.

oilman5 · #7 4th June 2008, 05:03 AM

chart is nothing but reflection of market participants..........interpretation...........wha t is ur perception ?.........what on earth is ur superiority to predict right side........RIGHT ......most of the time.
yes only by watching u can learn how to watch...........do it......learn swimming only by swim,learn driving only by driving..........yes u reqd zeal...........zeal not to trade but to watch.....how beautifully its telling .........untold story of market.......u can check accuracy later..........by reading newspaper.
have u heard word 'volatility'..........its nothing but predictive power is poor.....at random in statistical term

oilman5 · #8 4th June 2008, 05:43 AM

so conceptually u have to kill ur investment attitude..........develop a feel for price....be indifferent to habit of listen to news[media hype].
so u know what u r doing...................
let us come to game of caution ............speculation.self question how far u r right by yourself?........so far no help comes..........can u survive on own?if yes.......how is ur ESP?..........just shuffle a deck of cards............draw 1........can u guess?draw another......2nd guess.......r u right this time?..........ok .....let us make this simple......
distribute......52 cards in 4hands.........now see 1 hand[13cards].........can u guess other cards?.........so in other hands what is there.............can u see by observing other 13 cards................just check ur accuracy level and perception..........now by seeing 3rd hand, anybody can tell.......other 13[52-13-13-13=13]
...............if u dont like cards......simply take a dice ...1-2-3-4-5-6.let it be rolled.........
but u guess......beforehand........outcome......50 observation........,say sl no ur chosen no,actual observation...........how many times both r right...............just see.
if u r less than 40% correct.............throw away............just understand speculation is a loser's game.
THEN HOW U SHALL TRY?
be reactionary............follow trend.........when random ,simply sit out.
understand trend........then trend continuity...........at what condition u shall enter.......how u shall know .......U R WRONG THIS TIME..............simply get out.
THIS CONCEPT ,QUESTIONING,ART OF LEARNING..........R EXCEPTIONALLY MADE SIMPLE BY SAINT ,CV,UASISH,TRADERJI...........JUST READ THEM
definitely trader in u,..........will get good oxygen to live long
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then learn to question ......idea behind those trade.........can u assimilate.......read dr elder..........its stimulant for a trader

oilman5 · #9 4th June 2008, 06:09 AM

so a trade-learner knows what to read........knowledge is over........however he does not know how market works............this he has to learn by self
...........................
i just put some facts
1.MARKET IS NOT PREDICTABLE,PATIENCE PAYS
2.BASED ON OPPURTUNITY AS DEFINED ,EFFICIENT MARKET OBSERVER CAN MAKE MONEY OUT OF MARKET.
3.MANY A TIME U R WRONG,JUST LOSE LESS.......SOMETIMES U R RIGHT.........USE BETTER MONEY MANAGEMENT TO EARN OUT OF IT.
4.TREND PLAN IS EASIER TO FOLLOW
5.TRADEZONE IS EASIER TO DEFINE...........DIFFICULT TO MAKE MONEY OUT OF IT.
6.KILL UR INVESTMENT AND GAMBLING ATTITUDE ..........BEFORE THEY RUIN U.
7.WITH TIME U CAN LEARN..........WITHOUT A DEFINED SYSTEM......ITS ALMOST IMPOSSIBLE TO SURVIVE IN MARKET
8.UNDERSTAND TREND TERMINATION.
9.RISK ANALYSIS IS MUST,THROW AWAY....HOPE,FEAR,GREED
10.DEFINE A TIME FRAME IN WHICH U CAN OUTGUESS OTHER TRADER ON REGULAR BASIS[UR EARNING STATEMENT ,DRAWDOWN ANALYSIS TELLS U].......JUST STICK TO IT
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BYE BYE TODAY
[dhakkan..secret of a trader as told to u is still secret]

oilman5 · #10 5th June 2008, 02:52 AM

so what r the factors trade-learner should see?
1. self modification.........throwing out investment attitude /gambling tendency........replace with defined risk strategy
2.understand that price is always balanced..............but may have a biased in longer time frame.........say last week chart suggests -bias for nifty...........so on monday by confirmation by price.......around 11-1130..........u r supposed to short ...........allowing profit book on thursday.........1030 hr.if u can not see..........bearish scenario.......u r yet to learn it................profit from price......is not that easy.somewhere......u have some opinion......fear/hope...........which is self destructive.
3. so a system is called for.........3way price can move........up down nowhere.
be ready .........for all three.........i.e. strategic planning.............now based on your signal trigger.............u enter.get out..........when continuity in that direction nomore high probability.

The Following User Says Thank You to oilman5 For This Useful Post:
sakthivelu (24th September 2008)

The Following User Says Thank You to dhakkan For This Useful Post:
sakthivelu (24th September 2008)

The Following 2 Users Say Thank You to oilman5 For This Useful Post:
kandid (5th November 2008), sakthivelu (24th September 2008)