Help with MACD - Newbie here

#1
hi !

Need some help with a trade - Please tell me what I did wrong
I have just been reading TA books for some time and wanted to
try some trading,
I do not have online trading and trade by phone through my broker.
I checked the MACD of Vijaya Bank as on 11-02-2010.
The Signal line had just touched the MACD line from below
and looked like it would cross it on the next trading day.
I placed an order for 100 shares on 15-02-2010, which went through.
The shares were bought for me at 49.90. I kept calling the broker
many times till 3 p.m and was told it was 49.20, 49.15, 49.00 etc.
At 3.10 I covered my position at 48.95 and booked a
loss of 95 rupees (plus brokerage).
I hope senior members will tell me what I did wrong and how I can
rectify my errors.

Thanks in advance.

Raghavendra
 

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#2
Dear you cannot be 100% write with any indicator more over it is a game
of probability only after few trades you will come to know wether it is working for you or not also operate with srtict stop loss.
 

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