Technical Trading - Practicing the Theory

uma_k · #**111** 1st December 2007, 01:50 PM

Quote:

Originally Posted by AMIT GUPTA

hai to all of you i am new to this forum i want the historical eod data of last 5 years please anybody can help me.

mbamit
trade well trade wisely

Hi amit,

Go to this link in Traderji and follow the instructions there:

http://www.traderji.com/43789-post1.html

Also, get the recent data from 'Data Feeds' thread in Traderji. For latest and everyday eod data you can visit the ***** group:

http://groups.in.*****.com/group/bse-nse2005

I hope this will suffice.

*** Uma ***

AMIT GUPTA · #**112** 2nd December 2007, 10:06 AM

thankyou uma k
i am having the ami broke TA software for my study please provide me the detail for the use if you know and 5 yrs eod data for my amibroke.

amit
Trade Well Trade Wisely/

AJAY · #**113** 25th March 2008, 10:07 AM

hi friends,

sorry for a long break from my side. Will start posting my trading practices - along with the school of thought - shortly.

Thanks
Ajayakumar

Saint · #**114** 25th March 2008, 10:41 AM

Quote:

Originally Posted by AJAY

hi friends,

sorry for a long break from my side. Will start posting my trading practices - along with the school of thought - shortly.

Thanks
Ajayakumar

So good to have you back,Ajay.......welcome back!!

Saint

trader111 · #**115** 20th May 2008, 05:10 PM

Ajay, waiting for u to get back. Hope life is going gr8 at ur side.

rkripal · #**116** 9th June 2008, 05:56 PM

Quote:

Originally Posted by AJAY

Hi Friends,

Sorry for catching you up very late after starting this thread. All blame is to my ill health and not to me

.

First appeal to the readers here is that this thread is not for the veterans here. I'm trying to give an insight to select the rule and also to practice it -keeping freshers as my first choice as everybody knows it is very easy to write better on a clean slate.

And another appeal to the readers who fail to practice the theory is to unlearn first what all has been practised so far and start afresh. Ofcourse I know it pretty well that it is very difficult to unlearn. We will discuss the unlearning practices in due course as we progress.

Now let me give you a little introduction part on to trading. Perhaps it might bore you. Still it is required. Here friends, even I mention it trading, please consider investing also is included in my view so is the investor when I call it a trader.

We all do trading to make money. So, whether one accepts it or not, it is a business. Like any other business it also has got certain prerequisites to be fulfilled, both qualitative and quantative.

Let's first discuss qualitative aspects. The very first quality required is to have certain principles, laws and byelaws to be adopted to run this business, as any other business. Fortunately unlike any other trade where lot of compliances are to be met with as required by the laws of the State, this business has got no major governing laws to be followed, except having a
PAN card and paying taxes to the Govt. So the one who chooses this business is really intelligent without any doubt.

But the first thought to be kept before starting this business is that the freedom of running this as per our wish is like a boon and curse as well. The choice what to make out of this is fully in our hands and so are the results. So friends, though you feel I'm boring you, I should give this as introduction. And sorry if I bored you.

The next quality is to adopt the predefined rules with discipline. Most of the traders fail here in adopting the rules, in practice.

Here the strange thing is that every one follows the rules as one's profession demands - whether it is a doctor, advocate, auditor or secretary or engineer or any other professional or an employee in a company or in the service of the govt.or running his/her own factory or wholesale or retail outlet or a house wife who keeps well all the family environment - but not the rules what are framed to run trading business.

Here the real culprit is again Freedom.Freedom from accountability on our actions. Freedom is like a double edged sword. We can use it for constructive purposes and distructive as well. So is the freedom of
actions in trading business. Please use the freedom for constructive purposes.

The lack of seriousness in identifying it as a business the is root of all the net losses in this trade. So, give a serious thought, before you enter into it, whether you can make use of your freedom well.

Enough for now friends. Will catch you up with the core contents from my next posts. Before that your inputs and feed back are the most required things here to be more focussed on the topic.

Thanks for bearing with me

AJAY

Just started reading this thread. Have not completed yet and have read only introduction on the second page. but it is very nice. will continue to read now.....

rkripal

rkripal · #**117** 10th June 2008, 01:56 PM

i dont know what happened to the thread. seems to have ended before it actuly started.
Ajaysir waiting for your come back.
wish you good health.

rkripal

tokensmile74 · #**118** 15th June 2008, 12:52 PM

Hi everybody,

Iam very new to this trading. can anyone help me to read good threads?

AJAY · #**119** 14th September 2008, 02:17 AM

Hi Friends,

We got stopped at discussing intraday trading strategies.
And we were making SWOT analysis for day trading.
Here one more important point I missed in discussion before discussing the models for day trade was a SWOT analysis of ourselves.
Every trader needs to have a SWOT Analysis done.
In SWOT Analysis people make simple points like my Strengths, my Weaknesses, my Opportunities and my Threats which generally go independent, But according to me you should create a link between one and the other.

In this SWOT the trader has to mention what are his strengths to call him eligible to trade trade the markets, which include his personality, his models, his resources etc.

Weaknesses are nothing but the elements which deprive him/her of the Strengths by taking control over them.

Opportunities are those that are available to him/her to encash and improve on the strengths and to win over the weaknesses.

Threats are the ones which work against the opportunities.

This is my way of doing SWOT.

Once this is done you will have more clarity about where you stand. And accordingly you can take necessary steps to work towards better progress.

And one more important thing to have is a trader diary.
This is not something like a note book where you mention your trade plan, stocks to pick etc. stuff.

This is something like introspection. You should mention what was your mind set once you enter the trade. A complete expression of all your emotions once you enter the trade, minute by minute should be the content of this diary. And this is to be done with great honesty. Once you finish your trader diary, then you can see yourself more clearly. You can compare what you planned and how you acted. You can understand where emotions are taking control. And this helps a lot in understanding where you have to improve yourself. And friends, in this process please never blame yourself for not being able to control the emotions. Just give a simple suggestion to your mind and pass on. Atleast for some time say about 3 months one should maintain this diary.

And now I'll restart the trading models etc. stuff. Perhaps I might bring a few points which were already discussed in this thread or elsewhere in the forum in my posts again as there is a big gap in the postings. I request you to bear with me for that.

Happy Pracitcing Technicals

Ajayakumar

AJAY · #**120** 14th September 2008, 10:59 PM

Dear Friends,

Intraday trading is like being fully present in a battle field- but with a difference. If you don't participate in the battle here, it is sure that you won't get hurt. And definitely you will never win if you don't participate. So, here comes the application of common sense.

Presuming you are one single individual participating in trading, there is a human limitation to act on the opportunities. So limit the number assets to be tracked as much less as possible. If possible freeze them by name. Once you are able to confine your market, then you can go more focused.
Then choose any rule to trade - but only in the said segment you chose to trade. Never even look at anything else. Anything happening anywhere is not your money.

But at the same time never leave any opportunity that comes your way in your set.

This exercise makes you to win over fear and greed factors the whole world talks about.

Happy practicing technicals
Ajayakumar

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