Technical Trading - Practicing the Theory

[VJAY]

Hi Vjay,

Thanks for the filtered stocks posting related to Strong Bottoms and Strong Tops model.

Please post your thought process while you were visualizing the trade handling in these counters during real time. And also please mention any further inputs you feel required to handle these trades with more ease and comfort.

And -if possible-please prepare an excel sheet for the stock picks where to the users can copy their market watch and get the short listed stocks.

Happy practicing technicals

Ajayakumar

Dear ajay sir,
Am not understand the bolded part...excel sheet for tradable stocks which I is given here?

 

[VJAY]

TATACOMM given opportunity to trade....

Stocks for trade on 6/11/2009
ACC,AXIS BANK,INFOSYS,LT,NTPC,ITC

No scrips given opportunity to trade

STOCKS FOR TRADE ON 9/11/2009

ASHOKLEY,ABAN,BANKBARODA,CANB,CUMMINSIND,M&M

 

[vivektaunk]

it looks promiseing ajay ji. lets hope future information will helps me earn some money.

vivek

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

 

[mohhnow]

Very useful strategies, inculcated thro a span of time. I just had the joy of going thro it from the beginning of the thread.

 

[prasadam]

Hi Ajay Kumar And all visitors of this thread.


Wishing You all a Healthy, Wealthy and Happy 2010


:cheers:

 

[oilman5]

read this thread...........a good one.thanks

 

[prst]

i think the biggest challenge in day trading , is to overcome greed.

There were situations when I was getting 2k profit on a single trade, but i didnt sell.
I waited for more, and in the end, i was at loss of 500

 

[SwingKing]

i think the biggest challenge in day trading , is to overcome greed.

There were situations when I was getting 2k profit on a single trade, but i didnt sell.
I waited for more, and in the end, i was at loss of 500

Prst,

I think the biggest challenge in day trading is beating time. In a span of 5 hours you have to be in the right kind of stock, with the right strategy, with the right buy price, stop loss and finally the exit price.

Tough nut to crack. Still attracts so many traders. Someone rightly said, markets seduces the way no one can.

Tc.

 

[FanaticTrader]

Prst,

I think the biggest challenge in day trading is beating time. In a span of 5 hours you have to be in the right kind of stock, with the right strategy, with the right buy price, stop loss and finally the exit price.

Tough nut to crack. Still attracts so many traders. Someone rightly said, markets seduces the way no one can.

Tc.

Well said Raunak !!! :thumb:

 

[gauharjk]

Thank you for this thread...