Will you please help me to be a day trader, you knowledgeble people?

Actually I entered in some scrips which were premarket calls from renowned experts,like Rajat Bose,M.B.Singh and also live market calls from others,from their paid services.Not from cnbc or other channels.The misleading thing is that I crosschecked almost all the entries with the real time experts,consulted them from time to time,and did not find their foresightedness to be fruitfull.
And, Vince,yes,I will post and my learning is started.Keep telling me where my decisions are wrong. I think my decisions at this begining level may sound childish and wherever you (you all)feel that to be wrong,just check me out,but with sound arguement in favour of that.Because beginners with a lot of enthusiasm often make mistakes,and I think you people are not exceptions.Please write in.
Thanks.

Nothing childish about making mistakes, thats the only way you will learn.

Hari om traders!
It's now almost two months from the last post of mine in this forum. I proposed to post my developments as a trader and so I am doing it now.
As I said earlier I had almost no knowledge about this world of technical analysis and so started reading books of technical analysis. Now I am not in the darkiest zone of knowledge where I have to believe firmly on the analysts' so caleed 'calls' to take position in the market. People like Ashwini Gujral,Rajat Bose had made good names in this field and fairly speaking I am now not fully dependent on these people as I lost a lot of money going by their calls.
But it was not their fault. It was my ignorance about the subject and so decided to know the thing before taking it.
Now,as I started my learnings with the aim of being a day trader,I have progressed a lot in the direction,but till now I have decided to take on charts of EOD to anlyse and taking position. For that I am in the process of collecting a couple renowned softwares (ofcourse cracked),Metastock and Advanced Get,some older versions of them. And I have made up my mind to order EOD data from Stoxtrend.com!
I am a sharekhan speedtrade customer and the speedtrade terminal provides realtime and eod data with some technical momentum indicators. For the time being I am using MACD,RSI and Stochastic. And finding good results!
As time goes by and my improvement from a watcher of capital markets to a swing trader takes place,I will try to post in detail the little things,so that the new commer in the share markets,who wants to know and earn,is comprehensively guided from this single thread through out his/her journey as a succesful person.
For the time being,I am considering the fact,that practising as a swing trader and as experience and knowledge improves,I will try my best to be a day trader!
Meanwhile,if there is any newbie in the markets,who want to know the little things about how to begin,and feels shy to ask and don't know where or whom to ask,I ask them to put your queries here,I will try to help them in this thread and will ask the richly experienced and knowledgeable traders of traderji to help all of them(including me). Thanks.Hari om!

nice write up...great and practical view ...shown by all traders...
who wins?...ofcourse...HARIOM....he now knows what is trading...

1]call givers give calls to earn..
2] they/their good buddy take position BEFORE other know what to do
3] all good hearted traders suggest to loss LITTLE...
4] market prediction is difficult..
5] know what u can handle...
6] discipline is key

WHY I AM COMMENTING...
BEFORE 3month..i dont comment...so i made money...
january i write...i am cocky...
feb....overconfident....i write more...SO MY EQUITY CURVE FALL
now at 3.5 lakh loss....
its my fault....
......................
so as a failed position trader....i know why i failed.....
this realisation is only i got ....loss teaches me....

swing trade...i t i understand....works well PRESENT MARKET CONDITION...BOTH SIDE BREAK ../.IS POSSIBLE.....
BUT..I CAN NOT...PLAY...i am taking time to build me....
how to handle volatility....

day trade....ha ha...still i am rightly trade...
[ i treat it as gambling..i was a known gambler..in cards since concentration is key ...and risk management... i normally win here...
alas i gamble..10%..]70%...position trade...so loss is bigger...
very bad strategic mistake...win 10/-...to lose...10000/-

fortunately in hibernation i can prepare a more..powerful strategy..

i shall keep pro..for trade entry....
attend some call....
check fundamental......business scenario
own responsibility...no discussion what tobe done...just DO IT...
RECHECK SYSTEM...trial trade...6month....

by the way,....the topic is DAY TRADER.....

I shall give some hints....never hold loser.....
use scanner ...eod....next day probable candidate...3ok....
use BREAKOUT/ MOMENTUM
book targeted profit/loss...no ifs and buts...

My Suggestion To All New Day Traders!
Just Go Through Teach A Man To Fish A Thread By Saint. Its The One Of The Best Thread I Have Ever Come Across.
Study The Principels Vigoursly. U Will Never Regreat. It Has Taught Me A Lot. I M Realy Greatfull To Saint For His Nobel Work.
Regards
Hmp

Hi Hari09omkar,

I'am glad you are progressing.

A suggestion , dump the indicators , try concentrating on price / time...

Hari om!
Oilman has written a very important point here. We know the Mathew episode of frauding investors! If any new trader is here,who is putting his/her money only on the calls of the so called "Technical Analyst",be aware by the fact that one of the four guys who used to give calls on the famous 'Power your trade' platform of CNBC,Mathew,was found to be guilty of providing calls on his own positions,from where he used to earn a lot. The matter may be subjudice now,but CNBC was forced to put Mathew out of their 'Power your trade' potal,and from their tv appearances also. The same is not true for every analysts giving calls,but traders money should be given a second thought.
So be alert!

hi hario90mkar
can you put your day to day finding with the indicators which are used,to help the other to crosscheck their studies.
it will also be benificial to those who do not know technical analysis but wish to trade on some scientific background.
. thanks

Hari om!
Vince your suggestion of avoiding the indicators and focusing on price is a good one. Because,in many cases there is positive divergences of MACD and RSI and yet the prices keep going south,and if it does not follow them,whom to blame? Money is lost. So the main thing here is volume-weighted price - isn't it? Other things will come later!
Now,my first question to you,all of you,I am using the 200 EMA for every scrip and posting it on the chart of Metastock. What else should be done to ensure that moving average counting is fully covered and nothing is missed? The weighted moving average or volume adjusted or variable or simple moving average? which one and for how many days? what should be their real use? to make short term bounce back level? Thanks.

Yes,hmp,I agree with you. I think the thread name you mentioned,of saint,is a very popular one and I also do recommend all the newbies,and to the experienced people too - as learning is a continuous process of no ending,to go through the threads of the great experieced traders here in traderji,alongwith the books of Magee,Murphy,Martin Pring etc.Hari om.