Discussion on kolkata meet signal

deb99891 · #**111** 31st May 2008, 12:51 AM

Quote:

Originally Posted by hari09omkar

It is 100% possible Sir.And if u think how to make 100% winning days is a matter of discussion and can be done with suggestions,then you are mistaken.

the hight of professionalism is trying to break the peroids.....
1. 100% winnin month then
2. 100% winnin week
3. 100% winnin days
btw after readin some books(+ my litl experience) 100% winnin trades is not possible(sure shot calls............... btw this a trade mark copyright protected .....

).
so there come let the profit run n cut loss fastest/earliest.
+ taking the big I from the trade........

SGM · #**112** 31st May 2008, 07:41 AM

Quote:

Originally Posted by deb99891

Sure Shot Calls...............

btw this a trade mark, copyright protected .....

Nice One

rh6996 · #**113** 31st May 2008, 09:18 AM

Quote:

Originally Posted by hari09omkar

It can perform for a series of days if the trader enters according to the system but exits at a pre-defined level,like 10 points in each trade AND STOP TRADING for the day.
But one day will come when all the winning days will go to the drain with two losing days.

If a trader exits his Trade at 10 points, i presume net net points , why would he stop trading!!! He continues the trades but exiting every trade at 10 points, he cannot loose over a period!!!! He may drain his earnings of a week in a day but if he has done his homework well , he will NEt net gain only. He has to be disciplined.
By home work i mean , Back testing the system, the rules etc..
I have seen how GKPC has innovated, he was hesitant in the start, he exited at just 10 gross points in first trade and now just look at his trades, he exits partially at 12+ points and SL is at cost and then 22 points and SL is in profit and cariies the trades. In a reply to my PM this novice said, and it a good thing for all of us to know, rather we all know but to be reminded ," In a system its not the profits alone that are important but also the comfort level with which you can trade".
Though I am not trading the Kol Indicator but yes any reasonably good method can work if we are consistant!!!

Quote:

Originally Posted by hari09omkar
If there is 2 losing days in a month,then the system should be taken in suspicion.

One does not have to be 100% correct in the trades. A few loosing trades do not make a system suspect!!! And you say just two loosing days make a system suspect.... its a most outrageous statement to be made by a senior memeber like you. You might make a few new enterents think wrongly of the TA!!!! Please rethink and do post a correction if you have a change of mind, otherwise all I can say is that you also need to "unlearn" a few things!!!!
Sorry if the words are harsh but are are my views for what they are worth (or worthless)
Regards
Kanchan

hari09omkar · #**114** 31st May 2008, 09:32 AM

Quote:

Originally Posted by milkyblack

Sir,

You have a lot of respect and knowledge abt day trading... maybe you are one daytrader too(I apologise for not being aware abt your trading method)

No apologising milky....as a daytrader,I have no intention to reveal the method(s).

Quote:

Originally Posted by milkyblack

Sir, is it not possible to daytrade without a system? I mean no mechanical system as such!

System: one entery rule,one exit rule,one position sizing rule.Now if I decide to trade with these three rules intact without having ne knowledge o data mining or programming,I still am trading a system.And what about the backtesting and simulations then? Well u can go and check bar by bar in historical charts and the error of human mind's biasness:u can avoid that still with strict principle on ur behalf.
Now if I decide to take the mechanical path,I can save a lot of time to know where my system goes wrong.....I can trade a non-mechanical system and can live gracefully too.....but still it's an edge to know mathematics and programming in trading.

Quote:

Originally Posted by milkyblack

And according to your expereince how many Nifty points can be made(just an average, I understand it depends on trader to trader, but then also just an average)...

This is a tremendous point,where a trader can dream of making average monthly income....say I can pull out 15 points everyday....750/- per day....taking 20 average trading day a month,15,000/- a month.....trade in 5 lots....75,000/- monthly.Good living na?
Now come to the reality.The traders who know how to earn 15 nifty points a day,they may also know to extract 150 points (not in a congested day) in a day.So why should they stop at 15 points? If somebody is stopping at 15 points average,he can lose all the week's earning in one single day with his faulty imagination of average market income.Average market income is only possible to a super trader,who trades with 200 lots and trading with a 95% system.....he can leave the screen after making 20 points each day....he doesn't need more.It is the complete trader,who can consider average income,not the sibblings.And by the time he becomes a complete trader,he is worth 7 digit monthly income.

rh6996 · #**115** 31st May 2008, 09:35 AM

From the thread:
Re: Has anyone found a trading system/strategy that is consistently profitable?

--------------------------------------------------------------------------------

Quote:

Quote:
Originally Posted by bjj9126
I have made a loss of about Rs.12000 in trading during 04/2006 to 09/2006,
Becoz I was not aware of any kind of analysis,

Than I have started to learn from verious sites & books,
(Much more from this Platform - Thanks to all seniors)
I have done realy very hard work,
after all of these I have started this bussiness seriously from 04/2007 with Metastock & MTPredictor,
(on EOD base)
I have done 59 trades,(up to 09/02/2008)

stoploss got trigered in 7 stocks out of these 59,
loss was around 2 % per stock,

Profit in 52 stocks & It was around 9% to 14%
& still going on.........

** Swing Patterns , Fibonacci Levels , Candle Patterns , Stoch & ADX **
These are the keys of my system,

thanx a lottttttt to this Platform & Great Seniors,

bjj9126
(Prakash)

Quote:

And the reply by hari09omkar
It's great to listen to a success story.Congrats Prakash.
It had been my opinion since long that a starter should start doing swing trading,not day day tading at the first encounter.You proved that.Go ahead and have a fine future with shorter time frame trading also.

bjj9126 make a number of loosing calls and still haribahi is all praise for him!!! No comment that the system is faulty!!!!

Is it not a contradiction!!!!!

Why this anomaly in your posts or should I say thinking!!!!?????

May I presume that all that suits YOU are good system whether or not they give profit 100% of the days!!! and all others are faulty or suspect even if they give 2 loosing days a month!!!

Please do a self analysis before analysing stocks!!!! Believe me if you can, it shall be beneficial to you!!!!!

http://www.traderji.com/technical-an...tml#post155046

rh6996 · #**116** 31st May 2008, 09:42 AM

Quote:

Originally Posted by hari09omkar

Simply speaking,I don't use MS or Ami,so can't help in these backtests.
But,I can make u a guidance type of suggestion.
Look,when u approach an important thing in life where competition is involved,u should look at the basics of the sport.U will not be going to work out the winning method which will feed u,without working out the basics of working of it.Think deeper.What is the indicator consisting? It's a high-low band with some angle-calculation or what's it? If it works for a few trade,why should it work? If it doesn't work,why it doesn't?

That means u have to go in the market structure with open and scientific mind.
Just use ne indicator,two-three indicators in combination,do whatever u want:u will probably never going to find a solution for 100% winning days which is a prime necessity for a day trader.U can lose in two consecutive trades,but the next three trades should take u to ur goal for the day.
So my suggestion is going for the basics of system building and for naked eye chart reading.
JUST AVOID EVERY CANNED INDICATOR.

Just cannot believe that its the same person who mentions that a system is suspect even if it has 2 loosing days in a month!!!
What a SOLID advise to a new commer!!! I am now sure u are a picture of contradiction. OR maybe you enjoy just 'opposing' an idea just for the sake of opposing it!!!
Only u know better.
Congrats on the above post!!!!!!

rh6996 · #**117** 31st May 2008, 09:46 AM

Quote:

Originally Posted by hari09omkar

Friend,taking losses for one trade is one thing and going home with empty hand and a 5k loss(100 point) per lot,after a whole days of trading is another.The truth is ONE CAN develope a(or more) system/method,which can give him 100% winning days in day-trading.If there is 2 losing days in a month,then the system should be taken in suspicion.
How can a High-Low band give nebody a bread-butter in stock markets?

All i can say is think OUT OF THE SQUARE!!! Dont get fixed on your mind set!!!!

hari09omkar · #**118** 31st May 2008, 10:04 AM

Quote:

Originally Posted by rh6996

If a trader exits his Trade at 10 points, i presume net net points , why would he stop trading!!! He continues the trades but exiting every trade at 10 points, he cannot loose over a period!!!! He may drain his earnings of a week in a day but if he has done his homework well , he will NEt net gain only. He has to be disciplined.
By home work i mean , Back testing the system, the rules etc..
I have seen how GKPC has innovated, he was hesitant in the start, he exited at just 10 gross points in first trade and now just look at his trades, he exits partially at 12+ points and SL is at cost and then 22 points and SL is in profit and cariies the trades. In a reply to my PM this novice said, and it a good thing for all of us to know, rather we all know but to be reminded ," In a system its not the profits alone that are important but also the comfort level with which you can trade".

Read my post,it's not about why a trader 'should' go out in 10 points profit...it's about what can happen if someone does so.U r referring to gkpc,he is not closing the terminal after making 10 points,I suppose.Then why his example? He is going the right way.My point is > a trading system with negative expectancy,can give positive result in a series of days,if someone decides to STOP TRADING after making a predifined profit level.Then one day the system will show him that it was pinholed by making losses in high percentage.Am I clear now?

Quote:

Originally Posted by rh6996

One does not have to be 100% correct in the trades. A few loosing trades do not make a system suspect!!! And you say just two loosing days make a system suspect.... its a most outrageous statement to be made by a senior memeber like you. You might make a few new enterents think wrongly of the TA!!!! Please rethink and do post a correction if you have a change of mind, otherwise all I can say is that you also need to "unlearn" a few things!!!!
Sorry if the words are harsh but are are my views for what they are worth (or worthless)
Regards
Kanchan

Why u have doubts? Do u day trade? 10 average trades in nifty per day? 50 lakhs turnover per lot? Now imagine u r losing for two consecutive days in DAY TRADING ....It is different than swing trading....two 'consecutive losing days' for a 10 trades average scapler per day,is like a a losing month for a swing trader......what is the guarantee that the third day is a success?

One winning day doesn't mean 10 out of 10 winning trades.It can contain 3 to 4 losing trades.One losing day may contain 4 to 6 winners also.

I am conservative about saying 2 losing days....actually a profitable trader can think of the vulnerability of the system after every losing trade.Asishda can confirm that.Day trading is a game which needs high accuracy.It's do or die.
Done that been there.If ne member thinks about trading as a timepass then it's different.....professionalism is different.

hari09omkar · #**119** 31st May 2008, 10:09 AM

Quote:

Originally Posted by rh6996

Just cannot believe that its the same person who mentions that a system is suspect even if it has 2 loosing days in a month!!!
What a SOLID advise to a new commer!!! I am now sure u are a picture of contradiction. OR maybe you enjoy just 'opposing' an idea just for the sake of opposing it!!!
Only u know better.
Congrats on the above post!!!!!!

Where is the contradiction Sir?

hari09omkar · #**120** 31st May 2008, 10:15 AM

Quote:

Originally Posted by rh6996

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All i can say is think OUT OF THE SQUARE!!! Dont get fixed on your mind set!!!!

Good amateurism and fantasy!