HI,
yesterday I lost a total of Rs 12000/- in two stocks -MARUTI and L&T.
I had shorted at the highest possible point thinking it will come down but the news of Maruti Suzuki increasing its car prices by 17k hit the news channel and the price went up steadily. I was unaware of this with a power cut and without any stop loss
I paid heavily for my mistake. Somewhat same happened with L&T as there was some interview of the Managing Director on some channel. all with his positive attitude and there went up the stock price.
I am willing to learn Technical Analysis thoroughly.What I have stumbled upon the net trying to find charting software is all about companies trying to sell their products. Even if one makes up his mind to use some service, then there is an issue of not having/given complete info about the software itself and these companies expect to be paid just based on a feeling that their product is the best.
Another issue is,how to integrate charts into your brokers software? I am using Trade Tiger, then how can I integrate some other charting template into TT? I hate the time period in TT as its hourly. I need something more detailed. I would also like to use MACD charts.
I have been trading until now on instinct and guessing, but I want to use practical reasons to evaluate the reason to buy or sell a stock. Intraday trading based on guessing always has more losses than profit.
yesterday I lost a total of Rs 12000/- in two stocks -MARUTI and L&T.
I had shorted at the highest possible point thinking it will come down but the news of Maruti Suzuki increasing its car prices by 17k hit the news channel and the price went up steadily. I was unaware of this with a power cut and without any stop loss
I paid heavily for my mistake. Somewhat same happened with L&T as there was some interview of the Managing Director on some channel. all with his positive attitude and there went up the stock price.
I am willing to learn Technical Analysis thoroughly.What I have stumbled upon the net trying to find charting software is all about companies trying to sell their products. Even if one makes up his mind to use some service, then there is an issue of not having/given complete info about the software itself and these companies expect to be paid just based on a feeling that their product is the best.
Another issue is,how to integrate charts into your brokers software? I am using Trade Tiger, then how can I integrate some other charting template into TT? I hate the time period in TT as its hourly. I need something more detailed. I would also like to use MACD charts.
I have been trading until now on instinct and guessing, but I want to use practical reasons to evaluate the reason to buy or sell a stock. Intraday trading based on guessing always has more losses than profit.
