TA course by Precision Technicals

Discussion in 'Seminars & Tutors' started by mrkanitkar, Oct 23, 2010.

  1. mrkanitkar

    mrkanitkar Well-Known Member

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    Hi Guys,
    I attended 2 days TA training session on 9,10 Oct 2010. Ashish Kelkar of Precision Technicals, Pune conducted the sessions. Here is my feedback.
    1. I need to book it almost 2 months in advance as all other batches were full.
    2. They had exactly 50 people in batch.
    3. The arrangement was very well.
    4. Very discipline training, I did not get even 10 mins to chat around and make time pass. :rofl:. It started in time, they covered all planned work. They exactly tell you what time, they will train what. They are very serious about whole course.
    5. They answered all questions very well, they did not closed Q&A just saying - will take it offline. :clapping:
    6. Now regarding TA - They focused on theory on first day for around 6 hrs.
    7. They got around 22 practices including 1st and 2nd day session.
    8. It's you - who have to solve the charts and then one of students need to solve for others. - Very good approach.
    9. Stocks are from last 10 yrs.
    10. Gold was taken as commodity for TA.
    11. You need to keep your answer sheet for verification even after trainings, so you can use it again.
    12. Very good unique money management training.
    13. They have own PROFI$ION software.
    14. They focus on EMA - 5,13,26.
    15. They give PROFI$ION for 10 days trial, PROFI$ION have scanner as well.
    16. On daily basis PROFI$ION can get your probable patters with comments from their TA team.
    17. If you want ready made solved charts, you need to go for PPA.
    18. They give PPA trial for 10 days.
    19. I tried using many free ware tools including Aiotrader, Eclipse trader, yahoo charts, google charts etc. None of these tools are as simple as PROFI$ION.
    20. I tried Amibroker too, I found it too complex.

    Currently I am a advance learner of TA. I do trade on Motilal tips, Angel and others. My thought process is, if you are doing full time trader job, then you may go for Amibroker like commercial tool for intraday etc. But if you are working somewhere (like me) then it's not worth doing following things on own, against having something like PROFI$ION.
    1. Cost of charting tool- Amibroker etc.
    2. cost and time needed to download every day charts, populate db, update charts for splits, bonus, dividends.
    3. screener for finding right stock every day and monitor what's going on...

    When you attend any share market training, you feel you got it right but it never works so easily. The one of issue is trainer never shows his face, so no support. I attended NSE Manipal, BSE, ICICDIRECT training institute sessions too. They have great speakers, but there is no support, help available after sessions. No body helps you if you have any confusion about applicability of theory they teach you.
    I decided to subscribe their software because I get support from their TA who solves my confusion. I can send mail with charts and get them answered before market starts.

    Before joining session, I talked to people who attended training of http://www.chartadvice.com from
    Dr.C.K.Narayan, BSE training institute, Mitcon training as well. BSE's session are one of best but they are every day evening for 3-4 months - 2 hrs daily. I can not make it. Dr. Narayan's sessions are hardly scheduled as per website.
    I got lot of references of http://www.precisiontechnicals.comhttp://www.precisiontechnicals.com from many guys who came to NSE trainings and other friends and traders. After talking to many of their satisfied customers, I decided to go for training.
    I also gone thru many books and reading this and many websites on TA. The problem is there are always too many indicators and views. By looking at so many factors, you can make LOSSES. I now do TA and little fundamental analysis (I learned at BSE Institute).
     
    Last edited: Oct 23, 2010
  2. rahuld2976

    rahuld2976 Active Member

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    Are you promoting them ?? :D
     
  3. oilman5

    oilman5 Well-Known Member

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    some of past observation......on TA ,i am adding........since Rahuld2976 rightly points out
    ...........clearly suggesting course is for novices,not hardcore ta learner.
    ............................................................................
    Technical analysis is hardly 10% of stock market.
    Other things like treating trading as business, discipline , patience,maturity,observation of price,predictive analysis,money management,trade diary writing,preparing a scan list,staying independent ie. free from others' opinion to develop objectivity and ofcourse macroeconomic relations & interpreting govt policy/regulations matter in MARKET.
    since topic is TA only,.....i shall talk on it.
    Applied ta suggests to deal which timeframe u can develop predictability.Understand its a futuristic game,.......so u r studying past with all ur resources,then practicing them on short term on thematic basis with confirmation by price.....as if paper trading ,practicing of controling emotions-fear & greed .
    THEN u do the same with money.........with 10% scability, after every six month improve the scale.
    .........................................
    Basic of TA is ACTUALLY out of context, but one may take it as somewhere we should start.Why TA works ? to understand market psychology .
    Just follow any std books available downloadable from 4shared.
    Study concept of support-resistance-trend .
    MA -MA cross-MOMENTUM-mean reversion-ADX-BAND
    then practice predictability, being wrong use of STOP.
    ...........WHEN u objective analysis can be formulated to programming in a software,with a scan........so that u can take position in opputunity early compare to other traders,it is then USEFUL.
    Ofcourse u can spend to snake oil vendor........available in every big city.
    Actually in trading.......behavior modification is very imp.
    let us consider u have learnt , mechanically enter/exit or add........as per ur plan.
    Ie.......ur emotional involvement is out,discipline can handle situation : so u r evaluating a situation ........an oppurtunity or risk involve is high. (bias factor is confidence)......for simplicity i am considering u have a method........to read/write .......potential profit VS actual risk.
    How mathematically simply see where comes higher reward/risk ratio. Pl trade on it ,after writing potential condition/ur action if turns wrong ........After visualizing this type of scenario.
    STOPLOSS is there to protect U.
    Continuous repeatation of this process is Actually called TRADING.
    ..............
    U may see all great traders study market after Hr.What they r doing actually ??
    THEY R TRACKING USEFUL INFO and a decision making process. In price , they r deciphering what is equilibrium of greed/fear.........bullishness represent GREED, ...can be understood by reverse of LOW & Strength of HIGH. Also they potential persons may join in bullside......based on fundamental scenario change in country/sector.
    Similar analysis also done on FEAR side........by GREAT BEARHUG masters........though they may not tell u EXACT method to DO SO.
    UNDERSTAND POTENTIAL SCENARIO> what may happen after some time..........this is actually the timeframe.........in which their predictability is better/ they PLAY/participate with big money.
    So u have a market scenario which is normally in equilibrium.......VS.......a future in which a varied percept of MARKET PARTICIPANT (Hidden in context -media hype not visible with emotional mask ),may differ with a GAP ./this is called OPPURTUNITY
    YES it is HOLYGRAIL..........all r searching.
    Since for novice/ignorant is not KNOWN.........they always reach loss apart from random luck trade........ensuring further foolishness .
    BEST part of successful trader..........they know when to say NO......never participate.......when potential RISK is higher......not understanding in predictive mode...........they consider potential risk .......so protect highest by not participating in the event(i dont bother syndrome )
    PROBLEM starts.....when one believes ...............' i control it ' or i can do any thing /its only loss of some money '.......this cockyness eats HIM .However......that level is different ball game not reqd........for ordinary tradelearner mortal.
    .............
    HOPE all now understand .......TA is a method in which we can solve all this question provided u find out right tool.
    ................................
    Regards to all
     
    munde_77, anayash, rahuld2976 and 2 others like this.
  4. mrkanitkar

    mrkanitkar Well-Known Member

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    I am working for software company, I am not going to make money by promoting them.:rofl: That's not my business.

    I thought, I will share my experience with people here. Kiran Jadhav, CEO of Precision is writing his column in Pune's Sakal news paper for more than 10-12 yrs.
    My final point is, you need some expert - may be Dr.C.K.Narayan, Kiran, Pravin Mokashi, Rajat Bose, Ashish Kelkar to provide support. You need some one who can help to confirm your approach, analysis. Yes, I know all of them are charging for software or tips or training. Motilal Oswal, Angel or someone is also charging high brokerage because of better tips. One can trade on with any broker, he can be Indiabulls, Angel, ICICI, Sharekhan, Angel, RKG, Zerodha, Reliancemoney as long as your trade is executed on NSE or BSE. :thumb:

    What matters is
    Right knowledge, right infrastructure. Infrastructure is something broker can help. Brokers like Motilal, ICICI, Angel trying to give both Tips + trading platform. Brokers like RKG, Zerodha are giving plain trading platform and charge very less.
    We can also take free tips from all TV channels.

    If we don't want to pay high brokerage, software cost, training cost and just want to make money then we have very high expectations.By just Placing order on NEAT / ODIN for buy and sell can not make us rich. You need to know when to place what type of order. One way is to do systematic research based on fundamentals & TA etc. Second to keep following tips and all news channels and go gamble.

    Choice is ours.
     
    Last edited: Oct 24, 2010
    rptrades, alroyraj and vijayvaliya like this.
  5. rpc

    rpc Active Member

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    Thanks Mr Kanitkar for providing your experience in such an elaborate way.Pls also inform what are their charges and do they conduct online classes for someone who cannot attend their classes personally.
     
  6. oilman5

    oilman5 Well-Known Member

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    among the name.......Dr CK only trades on arbitrage.........Others r known TA ,gives guidance on Trend/some idea on elliot.
    .................Unfortunately none r stock trader & in past failed trader..........
    so basic learning may be taken by absolute novices..........But more comfortable to learn from traderji/savant/raunak
    ................................
    the named brokerage house use the call to generate trade commission.......and none of their call.......to play in their own money for a month..........Infact call of indiabulls is better.......as that have 90% failure rate.......so u can sell on their buy call.
    I remembered.........in call of angel broking/traing session infront of his head TA, a trader.....shown to trade sell in his buy call, and made money for 3 days .
    .....................................
    In short none have basic right knowledge on TA , most of them not even pass MTA.
    .....................................
    My comment may not be liked , also harsh............unfortunately true.
    BTW.......use 13ema as std price representative, and 5/26 cross for entry.......Moving up of ADX14.......as trend strength.
    Only +pt of the training .......KISS & structured.
    ...............
    hope it helps
     

  7. mrkanitkar

    mrkanitkar Well-Known Member

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    They charge 9927.00/- for two days. I booked 2 months in advance so got 20% discount. Here are details. http://www.precisiontechnicals.com/technical_analysis_shedules_charges.asp I am not aware of any online course by them. The reason I gone for class room training is, it can save your 100 hrs of reading posts and articles. You can ask questions, many others do ask, so you can learn from other's mistakes.

    BTW: They run PMS, minimum ticket size is 1 Cr. I was told that they are managing around 1100 Cr under PMS.
    Secondly on brokers side, I must say, I also made money on Motilal Oswal's calls. They give good positional calls.
     
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  8. seetharamank

    seetharamank Active Member

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    verywell said friend when i was going to traderterminal of kotaksecurities brokeroffice i regourisily followed their call&lost about 2lakhs then i started to play opposite meanning i started selling their buy calls i could recover 50% of my loses in a very short time but couldnot continue due to other reasons infact almost the calls generated by broker houses take care of their own intrest not that of investors or clients LOL
     
  9. kaly422000

    kaly422000 Well-Known Member

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    learning TA is not matter of 2 days. better spend the amount on resorces like software and study meterial .and self learning is best learning. hi mrk u r with a software company means u know programming and this knowledege is a gr8 arsenal while handling any software specially coding. and modern day trading is day by day depending more on software.
     
    Last edited: Oct 24, 2010
  10. mrkanitkar

    mrkanitkar Well-Known Member

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    Yes, I am working on developing some program also. I agree that one can not learn TA in 2 days as whole. Self learning is best, Yes, I agree. The point is in self learning you will always get confused as there are opp. views on every thing. Finally you will reinvent the wheel. I have already paid for cost of self learning in last few years. Every mistake in market costs you few hundred / thousand/ lac rupees. If you want to learn on own, definitely you can. After learning all, you need to have some capital left to try that knowledge in markets.
    In my opinion, if you count hrs spend on reading docs, articles, posts, blogs, watching ET, Zee news, bloomberg, CNBC, yahoo finance, news papers, weekly magzines etc, you will find it more than few hundred hrs. In software, we get paid for every hr, say 10$ per hr - 500 INR per hr. When you spend 100 hrs by reading/watching all about stock market related stuff, you lost business income of 50 K INR and what you get is not sure whether its going up or down, which stock to buy. I have ended my self in many times, morning 10 AM bought nifty future/ option with call, at 12:30-1 pm (most dangerous time), so called global cues came in, market fallen badly and I am in loss. All experts on news channels give you postmortem report in evening. One lot option lot in nifty costs 5-8 K and one lot in Futures costs 30 K. You take at least 2-6 lots and if you go wrong, it takes only 1-3 hrs to lose 3-10 K INR.
    Then the outcome is loss of business 50K + loss in trade 10 K = 60 K loss in one go.
    The numbers may vary trade to trade. I found training courses from BSE / NSE costs not more than 3-7 K for 2 days. Precision / ICICI charges around 5500-7500. It's dirt cheap for me instead trying few lots in markets and making losses. I am not promoting precision here, all I am saying cost of learning thru web is very high against proper training course by institutes. No institute will teach us 100%, this is very same as our BE engineering college does not teach us all 100% of engineering but they provide approach and foundation. You can build your framework on top of it. You don't need to be become Charles Darwin or Charles Dow again, Class room training is best because you can ask questions and get answers. Cost of class room training is quite less in India. If you are NSE certified, NCFM, BSE certified definitely you are better than others. You can test your knowledge against the exams by NSE and BSE.
    It helps.

    When I attended BSE trainings, BSE ex President conducted classes for fundamental analysis. He shared many simple things, (you will find them here on traderji too, but need to spend at least 30 hrs), he given examples too. Interestingly he is no longer broker now, neither his son.

    when I attended ICICI Direct Institute's course on FNO, I learn practicals of options. Now I know buying OTM call/put in 3rd week is nothing but losing money.
    This training course cost me 5500/- but saved my one lac for sure.

    It makes perfect sense to spend money on proper trainings than just reading news, posts, blogs, news papers, TV channels, books.
     
    Last edited: Oct 25, 2010
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