I've been getting many queries wrt Pride's strategy BUT honestly speaking ...
1. Since I'm more of buy and hold type I was uncomfy with the system ... BUT my interest to know various systems/types at that time pushed me into participating in the thread as well as trading BUT just for a small time period. Add to that unavailability of real time data dues to which I could not truly and properly experiment on it.
2. Yes it did work out well for many members BUT whether they have continued or not, I am unawares now.
3. Many members have had tweaks done on it ... so it could be better (or worse
) for them
4. Markets change and therefore the same systems do not work at all times.
Try it out on paper first. Once you are comfortable with it, seen the nuances then proceed with small quantities ... and as and when you are confident then proceed.
Time & Effort both has to be given to
any system ... just bcoz someone from previous time frame says this works just does not ensure proper working. It also depends on the person executing the system trades, his psychology, money management .... the works.
Happy & Safer Trading.
SJL said:
Hello sir,
I've seen you actively participating in "Pride's intraday strategy" thread in the beginning. But of late, no senior member e.g. you, pride or ankit seem to be interested in it anymore. So, have you stopped using this strategy? Can you please answer a few of my questions?
1. Have this strategy been profitable for you? If yes, how many points of nifty can one expect to earn on a monthly basis?(If you don't want to answer the second part of the question, it's ok..)
2. Have you ever tried trading options using this strategy?
Please, answer my questions if you can spare a few minutes of your valuable time. Thanking you in advance...
SJL