Trade SMART

so now u see ...even in -market...it moves already 20%,another 75%expected within 3month

reji, an excellent idea of break out play

Breakouts 28/11/2007

Here is the watch list

How do i use this breakouts for intraday trades, can you please help me on this, would it be a good option to buy or short the market.

Appreciate if you help.

Thanks
Regards
Pankaj

Sorry, So far I have not tried intra day trades.

Breakouts 29/11/2007

Watch List for 30/11/2007 is here

Breakouts 30/11/2007

Watch list for 03/12/2007 is here

Trading is a game of probabilities!

Let’s flip a coin. Heads I win one dollar, tails you win one dollar. Heads should come up half the time and tails the other and we are both even. However, unknown to me you have a loaded coin. For every 100 throws, heads comes up 49 times, and tails comes up 51 times. You have a license to print money. Let’s call it the Tails Trading System.

All you have to do is sit back and bet on tails all the time and eventually you would win all my money and anybody else’s one bet against you. The only thing any trading system does is give you an edge, a favorable bias, something that is more likely to happen than not.

Whatever trading system you use be it pattern breakouts, trend-following, Fibonacci, moving averages, channel following, oscillator signals, Bollinger bands, swing trading, opening gaps or any of the myriad of other systems about the place, you are essentially relying on a positive bias. Your system says when I see “x" then “y usually follows". Big emphasis on usually. Sometimes it works sometimes it doesn’t. Most of the time it does.

All your trading system does is help you identify high probability trades, enter them correctly, and protect yourself while allowing your profits to grow. Some trading systems are better than others. Find a system you are comfortable with, paper trade it, test it in real time with small amount, then stick to it.

Don’t waste time looking for the perfect system. It does not exist.

A cool disciplined trader will take an average system and make money with it. An unsure, lacking confidence Trader will take a great system and wreck it. All traders have good days and bad days. Some days you will make small profits and others you will make small losses. A couple times a month you will make some big profits. Problem is you never know when. You have to keep playing the game to score the big winner.

If you are not in the game you don’t have a chance.

You must see the big picture. Realize that the current trade is only one of many. On that basis the current trade hardly matters. It’s like a little piece of plankton in a very large ocean.

Trading is all about managing risk and then surrendering yourself to the oldest law in the Universe: The ancient law of probability.

That my friend is the first truth about trading.

excerpted Robert Williams

Breakouts 03/12/2007

Watch List for 04/12/2007 is here

Breakouts 04/12/2007 attached

Watch List for 05/12/2007 is here