My last attempt to know the truth behind technical analysis through forum(traderji)
- Thread starter Harshit Badoni
- Start date
Re: My last attempt to know the truth behind technical analysis through forum(traderj
Hi Harshit
I have been trading for the past 6 years & from my experience i can honestly say that technicals do work ..... the big difference is your expectations from the market . Making money from the market on a consistent basis is the key to long time survival . just aim for a annual return of 18-25 % on a consistant basis .
Hi Harshit
I have been trading for the past 6 years & from my experience i can honestly say that technicals do work ..... the big difference is your expectations from the market . Making money from the market on a consistent basis is the key to long time survival . just aim for a annual return of 18-25 % on a consistant basis .
Re: My last attempt to know the truth behind technical analysis through forum(traderj
Technicals is 30% of the total game of trading. The remaining 70% is guts, discipline and a sound risk and money management system. Think about it.
I can show to you that you can be successful with a trading system which is based on coin tosses for entering a trade if the above are addressed.
Technicals is 30% of the total game of trading. The remaining 70% is guts, discipline and a sound risk and money management system. Think about it.
I can show to you that you can be successful with a trading system which is based on coin tosses for entering a trade if the above are addressed.
Re: My last attempt to know the truth behind technical analysis through forum(traderj
this shouldn't be ur question ur question would be what is
-MONEY MANAGEMENT,
-RISK MANAGEMENT?
because this is the common answer u got from lot of the seniors out here.....
NOW LETS ASSUME,
1)A system with 80% accuracy that is ur right 8 out of 10 times...
in this case if R:R(risk to reward) is 3:1 (ie,you risk 3 rs for every 1rs profit on 100 rupees investment) than,
in 10 trades,
Profit-8rs
loss-6rs
net-2rs
2)Another system has accuracy of 50% ,
R:R ratio 1:3(opposite of 1st condition),than
in 10 trades,
profit-15
loss-5
net-10rs(ie 5 times 2rs).............:!
now i hope u understood it.....
remember there is no holygrail in the market,
be prepared for lossessssssssss.....................:thumb:
Note-Its not important how many times ur right or wrong,
the important thing is how much u gain when ur right,
&how much u loose when ur wrong....
(i dont know who said it but said it to the point)
this shouldn't be ur question ur question would be what is
-MONEY MANAGEMENT,
-RISK MANAGEMENT?
because this is the common answer u got from lot of the seniors out here.....
NOW LETS ASSUME,
1)A system with 80% accuracy that is ur right 8 out of 10 times...
in this case if R:R(risk to reward) is 3:1 (ie,you risk 3 rs for every 1rs profit on 100 rupees investment) than,
in 10 trades,
Profit-8rs
loss-6rs
net-2rs
2)Another system has accuracy of 50% ,
R:R ratio 1:3(opposite of 1st condition),than
in 10 trades,
profit-15
loss-5
net-10rs(ie 5 times 2rs).............:!
now i hope u understood it.....
remember there is no holygrail in the market,
be prepared for lossessssssssss.....................:thumb:
Note-Its not important how many times ur right or wrong,
the important thing is how much u gain when ur right,
&how much u loose when ur wrong....
(i dont know who said it but said it to the point)
Last edited:
Re: My last attempt to know the truth behind technical analysis through forum(traderj
Well said, RIP. Tell you the truth, I have had successfully experimented the above funda a few times. No charts, pure onscreen PA based gut feeling - and sometimes a Rupee coin to seal the decision. That too, on high-spread punters' stocks!. It was fun...like bungee jumping. Lliberating.
But not anymore. Haven't got that much time. It's only the index for me now. Which, compared to bungee-jumping, is like playing table-tennis!
Well said, RIP. Tell you the truth, I have had successfully experimented the above funda a few times. No charts, pure onscreen PA based gut feeling - and sometimes a Rupee coin to seal the decision. That too, on high-spread punters' stocks!. It was fun...like bungee jumping. Lliberating.
But not anymore. Haven't got that much time. It's only the index for me now. Which, compared to bungee-jumping, is like playing table-tennis!
Re: My last attempt to know the truth behind technical analysis through forum(traderj
Well thanks to ST da and and Saint sir, its working for me very well and i have doubled my ledger couple of times in past few months. Discipline, MM and complete understanding of system is required to be successful.
Best of luck my friend, i hope u ll be successful in ur last attempt.
Well thanks to ST da and and Saint sir, its working for me very well and i have doubled my ledger couple of times in past few months. Discipline, MM and complete understanding of system is required to be successful.
Best of luck my friend, i hope u ll be successful in ur last attempt.
Re: My last attempt to know the truth behind technical analysis through forum(traderj
Hi,
harshit bodani
Technical analysis knowledge is not only knowing indicator ,patterns , and moving averages ...
it is about designing a trading system which means designing entry and exit setup with due care to stoploss and trailing stoploss...in the way a system is 20% mind is 30% and 50% is money management
for designing a trading system ........back testing the logic(entry and exit rules) is only method to draw a conclusion ,for that at least 3 years we have to back test
if you have done all this you will sure find a success full method to earn
During my earlier days of trading i have purchased all the trading systems available in the market and the result is big loss... after that worked on above steps and now earning
Hi,
harshit bodani
Technical analysis knowledge is not only knowing indicator ,patterns , and moving averages ...
it is about designing a trading system which means designing entry and exit setup with due care to stoploss and trailing stoploss...in the way a system is 20% mind is 30% and 50% is money management
for designing a trading system ........back testing the logic(entry and exit rules) is only method to draw a conclusion ,for that at least 3 years we have to back test
if you have done all this you will sure find a success full method to earn
During my earlier days of trading i have purchased all the trading systems available in the market and the result is big loss... after that worked on above steps and now earning
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