Technical Trading - Practicing the Theory

Discussion in 'Technical Analysis' started by AJAY, Jul 25, 2006.

  1. AJAY

    AJAY Active Member

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    Dear Friends,

    The very purpose of Technical Analysis is to remove fear and greed factors from the minds of the people who apply Technical Analysis. And working in this respect, several Analysts created innumerable indicators, different types of mechanical systems as per their ideas and experience. And infact all these thing are to be properly construed by the users, while practicing them.

    In these days we are having a good number of studies for our choice to choose a study that suits to our psychology to make us win in the markets.

    As every different trader is having a different type of psychology, he/she should understand first which system in which periodicity( time frame) is suitable to him/ her.

    It is not that every winning system wins money for others. I used to hear a saying in the markets from the face of experienced and successful traders " I know people who cannot make money in markets though they have tomorrow's newspaper today." And the very reason for this is the mind of the traders.

    Ofcourse all this stuff is known to everybody who is reading this thread.

    The question is how to practice the theory and before that how to finalise on the theory,which suits to our psychology, to practice .

    I'll come back again with the points to be discussed in perfect order, right from trade design, identification, initiation, exit, trade audit, practicing the theory, how to tame the enemies present in our mind that cause losses to us and how to groom well the friends in the mind that help practicing the theory, the inputs required for trading/ investing which include the paraphernalia that required for our trading practice.

    Meanwhile, i request you to post your experiences so that we can build the order, for practice, in a betterway because of the coverage we get over number of experiences, once the theory part is complete.

    Thanks and happy technical trading

    AJAY
     
  2. karthikmarar

    karthikmarar Well-Known Member

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    Dear Ajay

    I am extremely happy to see you start this thread. It is very nice of you to share your vast experience and knowledge with us. I am sure it will be a fantastic thread and benefit all the members immensely. Looking forward to more.

    warm regards

    Karthik
     
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  3. Saint

    Saint Banned

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    Great going,Ajay...........your great experience and wisdom would be of great value to us all.

    Looking fwd to a great thread!


    Saint
    ps:Heard yesterday that you were ill,hope all's well.......take care.
     
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  4. AMITBE

    AMITBE Well-Known Member

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    Hi Ajay...
    A great initiative and a very important subject indeed.

    All will gain much from this one.
    Thanks very much.

    Hope you are better.
     
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  5. rajesh.sadhanala

    rajesh.sadhanala Well-Known Member

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    Dear Ajay,

    Thanks for starting this wonderful thread. I m happy to see that lot of imp topics are coming up and it benefits all the members of this forum. Really happy to see it.

    Kind Regards
    Raj
     
    Last edited: Jul 25, 2006
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  6. inxsofme

    inxsofme Member

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    Hi Ajay,

    Thanks for coming up with such an informative thread, i hope i will be able to get answers of my questions and the knowledge will help me trade better.

    Well thanx again
    Gaurav
     
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  7. aca_trader

    aca_trader Active Member

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    Dear Ajay,

    Thanks for starting this thread. All the people have very high expectations from you and I know this thread will come off with flying colors. :)

    BTW, I am sure you will be a Senior Member of the forum now. :cool:

    Best Regards,
    --Ashish
     
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  8. srisara

    srisara Member

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    AJAY,

    no doubt, this shall be become a great thread and will be helpful to many who visit the forum.

    Satya
     
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  9. AJAY

    AJAY Active Member

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    Dear Karthik, Saint, Amitji, Raj, Ashish, Satya, Gaurav

    Thanks for the encouragement that is showered on this thread. Infact I'm now a little scarred to be under radar screen :) . Still will go ahead. And request everyone of you for your active participation and also request everyone to presume this to be a common thread of every member of the forum.

    And thanks Saint, AMitji, Raj, Karthik, Ashish for your wishes for my early recovery from health problems.

    Will try start posting soon.

    Thanks in advance
    AJAY
     
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  10. San2000

    San2000 Member

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    hi AJAY,
    it would definitely be a great thread which you have started. I'm looking forward eagerly for your further posts in this thread.

    Thanks
    Sankalp
     
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