I can help you with stock chart reading

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.

Originally Posted by bharatk8

hi...do not get paranoid...that question was asked to have insight into your mindset............i request u not to be judgemental....................................... .......as book of ELDER was recommended by u,I asked the question to know whether that idea had any application,it can not be called "research".....don't u think that u should have answered it in straight forward way ?

Originally Posted by vvonteru

Thanks for the links. This is what we can do by sharing. Isn't that amazing!! It would be nice if we have a page full of links (suggested software, data links, sector info, online scanner etc) provided for new members. It may even work for old members (who are wandering) too. What U say? Traderji (R U There?), do U agree?

Originally Posted by jntrade

Hi vv,
Thanks for the comments.
and
when we spend money it reduces from our bank
when we give stocks it reduces from our dp
when we give knowledge it increases more..
It is amazing! ..
again, below link points to a zip file from NSE which has complete stock code and titles from exchange.Oops!, if anyone forgot to change the order of columns(code and titles)before importing to Fchart it will be a terrible thing,like happend to me...!
http://www.nseindia.com/content/equities/EQUITY_L.zip
Thanks and regards
JN

Originally Posted by vvonteru

JN, thank you very much for the all the info. The only thing left is handling the split info for stocks.

Originally Posted by jntrade

If we convert our prices using Settings>Price adjustments>Stock Splits,
Is it damage the prces for ever? can we revert back later?
Thanks
JN