trading system for beginner

oilman5 · #21 27th April 2007, 01:09 AM

for further study understand extended bullmarket and volatility condition
and see after result out how price is behaving

note: this much only i can help...further real pro can help[have i not told ...i am an amateur]
oilman5

kkseal · #22 27th April 2007, 03:55 AM

Come on oilman - you're certainly not an amateur as is evident from your posts. (I know because i am one & you are far better than me).

Your writing style, though a little difficult to follow, is quite unique and have a lot of hidden gems in them. Also what i like is that your advice/ideas are not limited to day & ST trading but cover all kinds of trading in all timeframes.

Please keep up the good work.

Regards,
Kalyan.

oilman5 · #23 27th April 2007, 10:30 PM

thanks kk, for ur nice comment. archies help me to purchase n72 today
dr reddy ..no good , mrpl ok ..definitely towards target.

new position taken ...gtl and psl ...both ta not ok , but fundamental readily bright
let us see mayhem of bear

Linus · #24 28th April 2007, 01:10 AM

Hi Oilman,

Sir, this looks like a repeat of your earlier post- A Journey of a Trader, and I don't know how to put it, but it's kinda boring. No offence meant.

Anyway, continue your good work, but may I suggest you to put down your system in one shot and then later everybody will have a say. Broken posts esp. like about a system are real boring and it is a chore to go back and forth reading everything. I hope you will take this in the right spirit.

Regards,

ss

oilman5 · #25 28th April 2007, 06:45 AM

yes ss, its old wine in new bottle.but i am the same person. a full system is a jigsaw puzzle. ..only loose elements r given , u have to fit it.since u r pro, the beginner level r useless,boring.
however, clear hints r given ..get out ..sit on cash..when moneyflow comes back ..trade again on bullside.

ABC and SMART..is sufficient for pro
with regards
oilman5

oilman5 · #26 28th April 2007, 07:47 AM

system implementation
..............................
1. assumption .....condition of trade....if it does not exist no trade
2. entry..particular signal
3. holding profit one...give time.
4. exit..with profit target
with loss.
5. contingency plan..to save skin.
6. write after complete..of trade what i learn ..implementation vs. reaction of me based on fact.

this all elements r clearly written ..what actually works.
OTHER ELEMENT
........................
u factor..how to be neutralised so that i can think right.before taking position i must have an openion but PRICE must confirm my openion otherwise i must use stop and book loss to throw away openion.
.MARKET HAS TRENDINESS AND ALSO UNPREDICTABILITY ELEMENT. NEWS AFFECT MARKET [UNKNOWN EVENT]....MAJORITY TRIES TO GUESS WHAT MAJORITY MAY DO , TAKING RISK OF PREDICTION BY PUTTING MONEY BUT READY TO RETREAT IF WRONG........PUT MORE MONEY WHEN RIGHT.

since u have asked i place my personal openioned model
.................................................. ...........................
u have to work on prediction model in which chance of RIGHT/BEING WRONG has to evaluated.

a. company result..good business../..20% weightage
b. macro economy + moneyflow....40% weightage
c.sector business ..priority 20% weightage
d. other factor..operators game/random factor ..20% weightage

total 100%
ALWAYS TAKE CHANCE OF BEING WRONG 40%...SO THAT IF WRONG ...MUST BE PREPARED

by the chart , i SEE how others r viewing..ready with my move ..tv news guide me how fools shall behave,..many a time i am wrong ..but i stick to it.
as trading is not a game of perfection , 50%accuracy sufficient.

with regards to all and traderji particularly
oilman5

instaalert · #27 28th April 2007, 09:41 AM

dear oilman,
thanx for ur reply to my post.
though it may be "Old wine in new bottle", as mentioned by you,its a new avenue for beginners. i'm going thru ur thread sincerely. however, if things like, how to read the chart for various positions / important indicators to be observed r taught to us,(am i asking for too much ?) we can better ouselves in trading.
thanx once again for ur timeless service. pl keep it up.
with warm regards,
instaalert.

pshirurkar · #28 28th April 2007, 06:09 PM

hi oilman,
this is a good thread. like earlier thread more and more members will participate in it.
thanks and all the best

oilman5 · #29 28th April 2007, 06:24 PM

hi ss,i try to copy paste
Stock market chess
1.there is always a seller for a buyer.see otherside of story,..only one can be right2.evaluate only what matter,nothing more3.chess in totality contain perfect info, unfortunately market is not.4.decifer price, if nothing visible go with intuition[an intellectual skill developed based on pattern study & problem solving skill5.play market with a plan ,longterm or shortterm6.review constantly in eod and adjust accordingly. Look at market’s last day activity and last hr7. don’t waste money[don’t allow loss to run]8.press winner when u have them9.winning reqd not only perfection from u,also mistakes from others.10.when u have got early signal, buy.11.always give high priority with nifty12.development of knowledge , time is money.13.don’t try leverage if u cant handle,use resource wisely14.trade study…never ignore mistake15. stay in your own zone,stock selection16. fundamental contrarian, high level of vision Chess tells u to think /not impulsiveCheck opponent’s pt of view.2.tactics is very imp[don’t only read]4.always see sacrifical trap and positional strategy5.3move attack vs. attack on king .6.refer to move at hand and opponent’s last move7.never allow unnecessary pc loss.8.know how to win ‘won’game.9.play well also watch,opponent may give u opportunity.10.take initiative.11.it’s the center.12.development of pc, it needs purpose13.premature attack is costly.14.chess study..admit blunder and reason of loss15.don’t be flashy to win16.grand master break the rule as he sees better, others understand it later.

oilman5 · #30 28th April 2007, 06:52 PM

dear instaalert,
i am poor at computer.otherwise i copy paste from metastock start..hope u have eod facility..see archies..and gtl
also failed trade dr reddy...nifty showing -bias on weekly basis
as for chess and trade...this is my view
for ta it takes time....the same chart looked by 3lakh ta enthuists
hardly 100 shall be right....
for the so called pro....my first punch
read...HUNTER AND THE HUNTED,

OILMAN5

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