ST Sir's Best Posts Collection.

I have disclosed the list of stocks where I have investments. I have been openly saying that we are in the best 5 years period for investments and trading.....such multibagger opportunities are available in all markets...I have mentioned Maruti Suzuki as a front runner and it already is doing very well.
I have bought Axis,Kotak Mahindra and Yes bank also. After 5 years people will still keep asking we did not buy anything...now what to buy ??

Smart_trade

Price moves which start in the afternoon are generally strong and durable. If yo
u dont trade in the afternoon, then you will be missing such moves and you will
be playing with a handicap.

Smart_trade

Same as futures...in intraday options trades, dont risk more than 2 % of your trading capital on any single trade. In positional trades. you can go as high as 5
-6 % but do not exceed 10 %.

Smart_trade

The above post is general and not having any post in mind. Everyone has his
own trading style and he is entitled to it...

I always felt that trading is not ONLY for making money...we must enjoy the process as well. If we are against the trend, we will always have anxiety, tension...and the fun in trading is lost..so always be in tune with the trend...it is profitable and enjoyable too.. just my views.

Smart_trade

When the market is sideways on daily timeframe and if this sideways range is large enough or tradeable in smaller timeframes we dont have a trend bias. Near the low of the range, market reverses direction and goes up in uptrend in smaller timeframe and near the top of the range it reverses to down and then smaller timeframe downtrend takes over.

At the beginning of the day, our bias is always the trend in motion till now...
.as the day progresses, market opens its cards more and we get more visibility. Market is in a particular up or down trend till proved therwise...and the trends can change during the day too. A daytrader should be alert to such changes occuring during the day. In sideways markets, VWAP bands will be of help...in trends pivots and higher tops/higher bottoms or lower tops/lower bottoms will help our trading decisions. There are many tell-a-tale signals which an alert trader can pick up from the market's behaviour before market reverses its trend.Market always gives us many signals before it makes its move.We either dont catch those signals or dont listen to them.

Smart_trade

4 Failure trades out of 5 is sure way to mental hospital...it is easy to say tha
t the 5th one will recover all the losses...but it will be too heavy on mind....
in daytrades one must have over 50 % success rate and RR of over 1.5 :1

Because of inexperienced traders managing and loosing others money trading g
ets a bad name..here there are very few entry barriers. My nephew is a super speciality neuro surgeon and has done some super speciality course /internship for more than 7 years after his MS degree but still not allowed to do a brain surgery independantly.....and in trading anyone with a internet connection and few words learnt becomes a Market Master trader...gives false hopes to public, looses money and runs away.No performance controls no restrictions.

I am trading as a full time trader for more than 15 years...never traded on tips
...always a chart trader right from beginning...in old days intraday charts we u
sed to plot on a graph paper as we used to get only daily timeframe charts.

Plotting these by hand on a graph paper is very tedious but if a new trader does
it for 6 months, he will understand market action so much that half a dozen books will not teach. He has seen each 5 min bar in last 6 months....big plus over others... But nobody will take those efforts now...we used to have those graph paper pages and on weekends we used to put them togather on a dining table to see the longer term view of the market....few of us used to have intraday graphs plotted by hand for more than 2 years.....I never kept for more than 3-6 months.. ..short term trader at heart...

Smart_trade

First sign of a seasoned trader is he does not go around looking for systems and hopping to different systems.Also he is not envious if someones system is doing great...because he knows that his system also is doing great.

Smart_trade