learning of a discretionary trader

[oilman5]

Re: learning of a discreationary trader

class 5
..........
market condition,trade entry condition
style of trade,matching of trade style and money earning oppurtunity
importance of progressive stop ie. winning trade must not go to trade loss...worst case it is no profit no loss

 

[oilman5]

Re: learning of a discreationary trader

class 6
.........
loss due to miss , so miss factor must be considered in the part of trade...ie. efficiency of execution
all bad situation and phenomena ...how to react in each of them
so confusion of deer..paralysis by shock ...is solved....so u can act now
NO MORE WHAT SHALL I DO NOW...AS U KNOW WHAT HAS TO BE DONE

 

[oilman5]

Re: learning of a discreationary trader

class 7
...........
oppurtunity search..utilise oppurtunity[after grading it]...and encash as per situation availability.
1st case...low risk trade
2nd case...short term trend trade
3rd case... small amount leverage high risk break out trade
last case... random trade
....
exit system
3different case...
1.for swing trade
2. for position trade
3.random trade
...remember all 3 r different

 

[oilman5]

Re: learning of a discreationary trader

class8
.........
fundamental of a stock
why a stock shall move up
why a sector will move up
relation of a business and profit
earning potential..and growth
what starts a business fullmoon ...glowing...now slow decay
...prepare this for every stock in ur list

 

[oilman5]

Re: learning of a discreationary trader

class9
...........
technical analysis....
gap strategy
reversal strategy...oscillator play plan,divergence strategy
channel trade concept
trend trade concept..ma,aroon...strength of a trend, directional biasness or continuation

 

[oilman5]

Re: learning of a discreationary trader

class 10
...........
learning of software for trading
scanning system
risk reward analysis
advanced money management
which stock not to trade even after signal...and when not to trade
volatility tool analysis
volume price analysis

 

[oilman5]

Re: learning of a discreationary trader

since u read so much now time to give exam....mind it its board exam ...check how much u can apply in real market....time 6month...money 10% increase on a fixed amount,say 2lakh..
so u pass..
all trade result to be analysed why taken and in writing...both entry and exit reason and of position size..why not more or less?
how far luck helped u in that trade
how far trend strength is utilised?
do u believe in reversal...while holding trade
after hr analysis of ur mind on actual trade
.............................
so all trade r analized...balance after 6month suggest 10% increament in a/c..u pass
..............................................................................................

if failed, reason of failure....and in which zone
reread entire course and amalgamation

 

[oilman5]

Re: learning of a discreationary trader

so u r in class xi....now
decide to study further in school[u may prefer to..go to earn from market....still i suggest to study further ...knowledge helps
11thyear
...........
system design....where i have done better than other sucessful traders?
...prediction on market
...execution skill
...implementation of system[whatever u think]
...stoploss following...both protective and sar style
...mind control
note..here system design means tuning of system for actual profitability again to score high[earn more]

 

[oilman5]

Re: learning of a discreationary trader

class12
..........
which type of trade u r master??
alternatives r......
a. investment...contrarian call
b. investment by value approach
c.day trade
d. short term trade.....swing style momentum
e. swing style...reversal
f. position trade...support buy ...consolidation
g.position trade ..break out
...............
now only one out of this 7....to be choosen to trade/invest in life ....others r simply to be erase out[forget]...the best one..u have now,...to conquer world
......create a boundary .........
a discipline..discipline..discipline[here i fail ]
.........only on that condition following /ocurring in market...i shall trade...otherwise no...
and a trade shall be taken...if it occurs...without fault
...this is my class 12..exam..light to see otherside of world
.............................
hi all,
i can not comment more ...as i have not passed yet...
so university course ...i expect big torchbearer ...to throw some light

.....thanks to all
oilman5

 

[oilman5]

Re: learning of a discreationary trader

where i stand ?
definitely i pass class 10....some yr back...
but....11 and 12...is tough....here i study and study...time and again i try .
successful traders...have passed it ...thats why they r what they r today .
........
tuning and more return ...compare good with better trader...logically improve further..
...i try to learn from market...
hope oneday i shall pass
...................