journey of a trader

no of stock to watch
.............................
4-5 min each chart...if u have 2 hr..20-25 stock

alternatively scanner helps to find particular conditional filter.
then watch them thoroughly for next day..hence more candidate for prelim.scan list..however nifty must be studied..
compare nifty with that stock..better strength in last 2day must

pl prepare the condition of filter carefully..u shall hit or miss because of this
tradersedgeindia....is good

since result is imp.particularly this season..its a high risk style[i dont do now]..
...inside knowledge..a good analyst's prediction helps..but see call history..
rarely i see an accurate callgiver..check his assumption
capitalmarket.com is ok but too costly

can any house / broker give 70% rate success ..i doubt.. at present market.

rbi policy is imp now..economy/rain prediction shall show its headline..
personally price i like ..its naked truth..but in india so many funda-hype. trader...i must see their view and conviction..its the subjective judgement when to follow trend and when to be contrarian

however live with uncertainity. position management and risk control..can make u a trader..[do it in natural rythm]...i dont know ..i thought i can ..fact is still i have to fine tune..to shy away...i believe in curse of GOD..WHO OPENS ARENA ..GREAT SECRET ..to those who dont deserve ..goddess laksmi
moves out..it happens many a time.. india. in the whole world..interview by star..creates ego letter flood ..acknowledge.. creates super ego ..blind faith
NO MORE WRITING / CHECK..ICANT GO WRONG ATTITUDE..and big fall comes
so i fly[ n hybernation]

nothing more
regards to traderji/ many a good member of this site
oilman5

Trying to read this thread, difficult

One piece of advise - Just too many words here, if one wants to be a trader, less words and more numbers i.e some serious research work which is always difficult to do than pure semantics

Also I think psychology plays no role for a serious trader, trading is like being a plumber or a carpenter, its about following a blueprint over and over again. One never hears of 'psychology' or 'stress' in their world, why would trading be any different. Most people are simply misguided about the markets which isnt a bad thing necessarily.

Rgds

thnx mr. gyani. u should be the next guru of india stock exchanges. carry on.

Amen Jesus

why India? not the world? why cant we Indians think big? At campus you would be charged with myopia.

thanks cv,
for ur comments. action speak louder than words.

'Trying to read this thread, difficult'........so conclusion has to be given.

1. trading is solo journey
2. lucky..if u get mentor, similar attitude friend.
3. journey path is difficult..and long..it takes time.
4. grail exists....its after long experiment u understand with ur natural rythm
of choosen trade style ..continueusly get money out of market/ other trader.
5. catastrophy may hit u. if u r cocky.[ always have stop]
6. uncertainity element exists in market.
7. learn from own experience....also from other successful one, but assimilate
8. use some system. lower the timeframe .more mechanical it should be.
9. for position trading ..alittle discreaton is must.
10. for long term ..economic view....contrarian thought process helps
11. for day trade..break out trade style+momentum works best
12. for swing..up........support buy attempt is better.
13. for short play..experience counts..how high is too high!on first oppurtunity of reversal ..sell short..when buying momentum again seen cover it.
14.its not market, its u. create trouble and loss for u. stop self sabotage
15.directional view u may have ,but price is supreme.
16. when u dont know, sit idle..watch ..learn.
17. for a good trader...flexible mind,discipline, execution skill is most imp
18. entry technique..any thing which u can do comfortably.
19. exit....at profit ..at small loss...2 case rules r different..mechanical approach is better.
20. holding..on profit..give more time....on small loss ..get out early
21. some fundamental concept..knowledge on sector..key element to affect on price ..u must have...it is life jacket.
22. fii moneyflow must be seen .so is political view.
23. ta is mother for a trader..so learn ..not to predict but to act.
24. money management is key..apply it.
25. read paper to see info ..see chart to check oppurtunity..u have to beat
other traders..no value to trade with odd against u
26.trend element gives money to trader. no body knows when it shall end.
27. live on reality. mastery over ..TIME.. very imp
28. trade analysis.is must and learn from post mortem..what not to do.
29. many a good ref. r given. for site and books.,try to be a thinking TRADER

thanks my dear friend.
journey is closed now
oilman5

This is one thread every trader (specially the novice trader) must read and reread. There is a goldmine of info here. You will find most of the reasons for your losses and how to avoid them and become a more profitable trader here.

Thank you for creating this excellent thread Oilman5!

__________________
Best Wishes!

Traderji

www.Traderji.com

Copy :
"oilman5,
Impressed ,not only for begginner's but also for so called experienced trader,time to time
this basics get overlooked.

Asish"

Copyoilman's reply)
"so now u all understand why it suit rm/dealer...they can unemotionally..
watch..ofcourse execute.. as confidently ...
if condition not suit to trade...they dont trade"

Copy:
"oilman5,
I appreciated your post ,but totally dislike your next 2 post.Be happy with your system & best of luck to your rm/dealers . Seen many Giants extinct in this mkt,& slick sly marketing guy's ultimately exposes their skin.God provides me to survive & if god willing may survive few more years to casually discuss in the past of how fast giant people's evaporate.
Cheers

Asish"

Now my views :=
This forum is a true Indian Trader's FORUM ,thks to traderji.
Here every body can express his/her views ,unfortunately sometimes people with Marketing interest also uses this forum .All members are Adult to judge by themselves.

Asish

u r abolutely right asissh.