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successfull trades using TA & earned money?

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View Poll Results: How many of you have made successfull trades using TA & earned money?
Earned More than 1 Lac in a Month 7 31.82%
Earned Between 50k & 1 Lac 3 13.64%
Earned Between 25K & 50K 8 36.36%
Earned Nothing 5 22.73%
Multiple Choice Poll. Voters: 22. You may not vote on this poll

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  #1  
Old 3rd November 2007, 08:21 PM
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Thumbs up successfull trades using TA & earned money?

How many of you have made successfull trades using TA & earned money?
• Earned More than 1 Lac in a Month
• Earned Between 50k & 1 Lac
• Earned Between 25K & 50K
• Earned Less than 25K
• Earned Nothing
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  #2  
Old 3rd November 2007, 08:26 PM
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Default Re: successfull trades using TA & earned money?

good poll. it shows how effectively TA helpful in market..
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  #3  
Old 3rd November 2007, 09:24 PM
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Default Re: successfull trades using TA & earned money?

All options r for earning...How can I vote then? Where is the option of losing money?
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  #4  
Old 3rd November 2007, 10:13 PM
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Default Re: successfull trades using TA & earned money?

My earnings may vary from month to month. Why not make replying easier by relating the earnings to a single month? -say October 2007.
Please consider.

madhava36
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  #5  
Old 4th November 2007, 03:05 PM
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Default Re: successfull trades using TA & earned money?

Quote:
Originally Posted by yasu222 View Post
How many of you have made successfull trades using TA & earned money?
• Earned More than 1 Lac in a Month
• Earned Between 50k & 1 Lac
• Earned Between 25K & 50K
• Earned Less than 25K
• Earned Nothing
The result can take 4 dimensions
1) Have used TA in trading, applied proper rules, lost
2) Have used TA in trading, did not apply proper rules, lost
3) Have used TA in trading, applied proper rules, gained
4) Have used TA in trading, did not apply proper rules, gained

It is very likely that most will claim to belong to 1 and 3, whereas 2 and 4 will be by large ignored. I do not believe it is possible to get an opinion on a subject merely by taking an opinion. Most who have lost or gained would probably fall under 2 or 4.
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Old 4th November 2007, 04:37 PM
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Default Re: successfull trades using TA & earned money?

What is TA?
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  #7  
Old 4th November 2007, 04:42 PM
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Default Re: successfull trades using TA & earned money?

what is TA????????????????
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  #8  
Old 4th November 2007, 06:11 PM
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Default Re: successfull trades using TA & earned money?

Team Africa

well i tried and earned a little and then lost and then again earned...then i came to know...I dont know TA what i was doing was Random tests
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  #9  
Old 4th November 2007, 06:48 PM
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Default Re: successfull trades using TA & earned money?

Quote:
Originally Posted by oxusmorouz View Post
The result can take 4 dimensions

2) Have used TA in trading, did not apply proper rules, lost

4) Have used TA in trading, did not apply proper rules, gained

Most who have lost or gained would probably fall under 2 or 4.
I agree to some extent ,

Let me narrate something that happened very recently...

Date : oct 30,2007
Scrip : Neyveli lignite(Unable to post charts due to my file size exceeding whats accepted in traderji)
Formations :
1. Bearish engulfing
2. Classical B/O above 137-138
I took position based on the B/O above 137 intra-day on 30th Oct . In the evening post-eod my friend saw this bearish engulfing and took short positions the following day but since i have already taken long position the previous day i was waiting for opportunities to exit and i did exit half of my positions at break even and half at a good profit while my friends positions were stopped - out .
Its a very unique instance where TA was used properly but with varying results .
It also shows that T A only inreases the probabilities of making money when used properly but doesnt guarantee profits . As profits also depends upon position sizing , risk management strategies rather than merely following what the charts tell us.
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  #10  
Old 4th November 2007, 09:29 PM
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Default Re: successfull trades using TA & earned money?

For those who came in late,
http://en.wikipedia.org/wiki/Technical_analysis

Technical Analysis unless applied with proper rules(as suggested by Oxus,backtested and even frontested in real time market conditions)is just a guessing game.

We have seen offsprings of such faulty notions here.

I rest my case.
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