I can help you with stock chart reading

Originally Posted by vvonteru

I am new to this group. But have been trading for 2 years now. I do swing trading. I see lot of posts where they need suggestion on buy/sell. I can help.

Give me a stock. I will tell you what to do - Buy/ Short (I don't know why some one would do now, unless if you are day trading) . Or If you are already in some stock and want to know whether to sell, I can help.

I do swing trading. I like site: http://www.icharts.in/home/ to start with, which I got from this group. Please take a look at: http://www.icharts.in/breadth-charts.html. The market in the hindsight will have a deeper correction (more than a pull back). So, be carefull and have stops.

Originally Posted by vvonteru

Old Recap:
BALRAMCHIN (SUGAR) - Still good for entry
BAJAJHIND (SUGAR)

Originally Posted by vvonteru

Old Recap:
ACC (CEMENT) - hit the buy point
GRASIM (CEMENT) - Still good for entry at 2400
ANDHRSUGAR (SUGAR) - Still good for entry
BALRAMCHIN (SUGAR) - Still good for entry
BAJAJAUTO - hit the buy point.
MORAREALTY - Wow. Hope U took the profits. (I know U guys didn't believe me. Right? )
ITC - Still wait to go up.
I know I suggested more than this. It will be hard to follow.

New:
GUJALKALI - enter: 215 SL: 200
OUDHSUG
TATASTEEL - We need strong steel right ( I like this very much)
ALPSINDUS
LT
BAJAJHIND (SUGAR)
ZENSARTECH (HARDWARE)

Hey, didn't I promise U guys a lot of setups.

Limit 1 entry per sector

Originally Posted by vvonteru

......what do u mean to say by"Don't go after some truth which you think no body knows

Hopefully, you are not asking this question for argument sake. Because, I am not interested. We are here to make money. My trading philosophy (as I stressed in most of my replies) is that no methodology is wrong or right. You test it in the real market and you make money, then use it. Thats your edge. Every body should find their own edge (what they can do their best) and use it repeatedly (this is the key).

What I meant about the statement is, make trading simple. When you start trading initially, we come to the market with some pre-concieved notions. That you can easily make money and fast (read greedy). When you don't, you think people who are making money know something you don't know. They are using indicators and waves etc etc which you are not using. Thats the reason you are losing money. If you didn't have this thought, thats fine. I am talking in general.

Then you go after reading books, using new indicator for every new trade, change methodology etc etc. In the mean while, your portfolio still doesn't improve. I have done this like anybody else. Ultimatly, what I found is that, trading is just common sense. It is using probability to make your chances of winning high. Accepting the fact that there will be losses and it is the business risk. That winnings are going to compensate your losses and make you profits.

In essence, don't try hard. When you see the chart, it gives most (80%, to give a value) of the information. The remaining 20% may not relevant in most cases. So, why work hard going after that 20%. Since, you are leaving 20% (or whatever info) you may get some losses. But, assuming that you are following your methodology to the core, the losses may be minimal compared the effort you are not putting. Just make life easier. Don't spend more than couple of seconds (max 1 min) looking at a chart. Within that time, if you like it, study more like
1. Look at all the data (Ofcource, 1st thing you want to make sure is the overall index is doing good). Check it fits your methodology (this was the reason you picked this stock for detailed review)
2. Look at the sector
3. Check whether your position in this stock fits your money manangement plan
4. Make a go or not go decision.

Having said the above, nobody is stopping you from researching. You can continue to do that. I decided I am not going to do it. Its just personal. I found my edge and my final truth ( I spent my time before). I will just stick to it.