TA and Certification

inxsofme · #11 18th July 2006, 05:43 PM

Hello all,

What a nice write-up by Saint. Sir u're the best. But are we missing something, BSE already has a training institute, That is BTI. And it has courses on almost all the topics related to markets as well as finance. I have done one and think that it helped me understand the markets better. So, if some of you want to start up with a course, just check out the BTI as it is the only one that is popular here in Mumbai.

Cheers
Gaurav

avinash · #12 18th July 2006, 09:57 PM

Quote:

I must tell you though that profits can be made from the markets......that you can trade for a living and live off the markets....that the profits that can be made are limited only by the limitations of your mind........that many have done it and doing it........many that may not written books,or be written on,reclusive,introverted but doing it day after day and laughing all the way to the bank every day,every week,every month,every year.

Whether TA is superior or FA is superior,or who has greater billionaires amongst them really does not matter..........we are here to make profits,and the secret of the successful trader is Discipline and Money Management.The successful trader realises that profits and good risk/money management techniques go hand in hand.TA and FA are at best,entry points,or maybe reasons for it.............money management takes money out of the markets into your pockets!

No,my friend,these traders are not normal people with exceptional luck,they are people who do not believe in Luck.They may say that as they cannot explain the massive profits they make,while their neighbour jumps off a 20 storey building.They bring in words like Luck,Fate,Destiny,God...........but believe me,my friend,when it comes to trading their positions,at that time,none of these words matter.They have a strategy for entry, exits, profits,stops,position sizing and the immense discipline to carry out their plan again,again and all over again..............No,my friend,theirs is not exceptional Luck,theirs is Exceptional Discipline.

Many traders make some great money,and then start off into seminars,books,mentorship programs,workshops,newsletters,etc........these traders(alas!!some of them do all of the above and do not even trade themselves).........it is only this variety that becomes known,called an Expert,a Master,a Guru........that very same individual sans all of the nonsensical paraphrenalia listed above no more attains the name and fame as the people above......but he really doesn't give two hoots.He loves what he does,he loves to pull out money from the markets regularly,and he loves the fact that he can do this all so very quietly.He will have tonnes of money,but you wouldn't know him,would you?Who we know is the loud mouth who comes on TV every day...........

The question is:Why do we know so many investors,and not many traders?Frankly,I know of only traders,but that's another issue...........could it be that as in the case of investors,their investments grow,and their share holdings increase,it becomes public knowledge?Not really sure,my friend..............as far as I am concerned,we are all attracted to different things,and by different things.Even on knowing that FA is the easiest path to Trading Realization,and that TA is just a circuitous,nuisancical roundabout path to the same,I would still choose the latter,as that just is me.And I am sure that you'll find what you are comfortable with and do just that...........to each his/her own,I suppose!And it's very important to figure that one out before jumpimg into anything......

Why do many TA traders crash and burn...........the answer once again is not that they ran out of Luck.Instead it was that they practised poor money management techniques,......... you can get away with such things some of the times,but never all of the times.The market does not punish or reward,it just IS.....It does not give or take away,but when we do not obey its laws,we get thwhacked,we crash and burn......we do that to ourselves.To make 300 million in a bear phase,and give back 295 in a bull phase,he did it to himself.....I don't know his full story,but I do know that if you look into it,somewhere you'll get the answer "Poor or Nil Money Management"The TA trader who went bankrupt never forgot his TA,but his money management skills...........And,somewhere down the line,he forgot his Humility,and Life will find every possible way to punish you.

Okay Marcus......tired and late!!

All the best!
Saint

ps:nice word.....gobbledygook,another one for the vocab.Thanx!

Yet another inspiring piece from you,Saint.Thank you..

Avinash

ganeshhity · #13 19th July 2006, 12:14 PM

Ahhh, nice piercing the facts again saint...would like to comment...but i'm in office and hence no time for that....yes, you prove again and again why people love reading your post.....

but if you look for war of TA/FA, saint I would say they are the same facts, different sides of coin...If hindalco has strong FA, the TA would also show you buy... but it it is short downtrend, there is a buy signal again when the uptrend resumes...

what i point out here is...a sick company will see downtrend on TA charts...so no buy, both technically and fundamentally...now if we say the fundamentals got ok for the company, we see buying...we thus see uptrend on our TA charts...wait for it, once it is confirmed, we also enter....

what i mean is TA and FA are the two aspects of life..they point you same direction...There may be some exceptions, but most of the stocks that have strong fundamentals show upward movements and vice versa....

on the contrary, a weak company, a company with zero fundamentals may show uptrend, we enter it...it has no fundamentals and is running up...but then once it enters downtrend, we exit..so what's the loss ???????

and maybe that's why I look deeply into charts.....hah...but I also check fundamentals........

ganeshhity

marcus · #14 19th July 2006, 09:36 PM

Dear Saint,

Thanks agian for your time and patience, your answer oozes maturity and experience. However I had hoped you would have talked a lil bit more perhaps with examples that TA actually does work.

Nevertheless it was a great answer thanks agian.

oilman5 · #15 22nd October 2006, 10:07 AM

to all.
to write a posting here you require courage and conviction, however i am expressing my view
1. ta is an applied sc, no degree is helpful
2. orientation is imp, read article, TRADERJI,VVONTERU, SAINT
3. use old chart....MASTER TRENDLINE , SUPPORT / RESISTANCE
4. understand timeframe, its the toughest thing i personally feel
5. know thyself. be pure in mind. it takes me 6months to know myself
6. +pt of you, how far you can use them in trade..., your -characteristic
in trading.. your plan to stop self sabotage......my problem ..BOOK PROFIT EARLY, LET LOSER RUN [STILL I COULD NOT SOLVE THIS PROBLEM]
7. discipline ...........
8. read VAN THARP, ALEXANDER ELDER, MARK DOGLOUS
9. TRADE JOURNAL MUST... , PARTICULARLY REASON OF ENTRY AND EXIT
10. USE FUNDAMENTAL ....STOCK SCANLIST PREPARATION
11. your stop rule... a] time stop
b] volatility stop 2.5 atr10
c] 3% below major support
12. your wait and watch policy ... observation rule
13. what is natural for you....
BREAK OUT PLAY...SEE RESISTANCE BREAking with volume
SUPPORT BUY .. WILLIAM %R, + ANY +IVE DIVERGENCE TOOL
CONTINUATION PATTERN TRIANGLE WITH GAP UP
14. R U A REVERSE PERSONALITY??? IF YES GO FOR SHORT
USE ANTI TREND , PARABOLLIC RISE STOCKS ..FOR 1-2 DAY SHORT
15. LEARN AND STUDY VOLATILITY... HERE LIES FUTURE OF INDIAN STOCK TRADING..
16. UNDERSTAND A SOFTWARE.. FOR SCAN
17. MONEY FLOW IS SUPREME TOOL... GREED DRIVES MARKET

THANKS[ OILMAN5]

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