Hello Gautam, I am in a sound position to give a reply to your queries. I have been associated with Stoxtrend people for some time now. Good professional people.
I know Subhadip Nandi personally. Had even attended his Basic Course in Technical Analysis. He is a genuine TA, with sound theoritical back ground and his biggest PLUS POINT is he practises what he preaches. There may be others but he is the only TA i came across who also Trades his Teachings. with quiet a few TA across India. He is one who would not hide behind Technical Jargons to safe guard his LOOSING CALLS generated by his system......
You know Mr.Nandy personally,that's ok.You have been associated with stoxtrend people for some time,that is also ok.But the sentence that he has sound theoretical back ground and 'he practises what he preaches' is just more than what he deserves.Let me explain:
He learnt TA from the father of the viratech guy Rahul Mohinder.In 6 months.Now about theoretical understanding:who will judge that,if the judge himself is not a genius? And you guys should know how many of us care to have some 'understanding' thing? We want readymade buy-sell systems,in this scenario it is not acurate to judge a person's acumen.
Now let me explain one of his techniques which he teaches(when he taught this to me and a 'roomful' of few other students,he told that he teaches these things in his seminars also):
Take a 50 day SMA.Make a band envelope of x percent(I forgot the number,as it was more than a year back....but it was below 10 surely).
Now plot a 7 period SMA on the same chart.When the 7 period SMA will cut the upper band of the envelope,this triggers a buy with (or without may be)several subjective parameters,like the surge in volume while the break out,the downward slant of the envelope.The exits will be cut of the SMA(7) and the upper band of the envelope in the downward direction.
I can understand that he has to teach some models to the seminar attendees or the students(like me),but after presenting this bakwas idea,guess what he said? He told that he can present people who was trading this model and earning a livelihood.....not only that, he told he himself earned 18% (probably)monthly with this method.Now who will tell him that earning 18% in a month is one thing and earning from the markets months after after month is another.
Just imagine the depth of his 'understanding' and the 'preaches-practises' stuff.If he is still practising this BS,I want to know? Mr.Nandy if you are reading this,please answer this.
A rare breed of TA who accept his mistakes which are very rare without hesitation. Best part is that he is Progress oriented... always lookingfor ways to improve....
Improve what? His wallet by catching more bakras to attend his seminar?
Do not go in for workshop now, though I do not know if they plan any in your area but can suggest to subscribe to their Calls.
That one can do.Make it doodh ka doodh pani ka pani.
No bitterness with u rk,please take my word as a friend.The world is more tougher than sweet-words-speakers project to us.
