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The Holy Grail

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View Poll Results: The Holy Grail
The Holy Grail DOES NOT EXIST 75 48.39%
The Holy Grail EXISTS 13 8.39%
The Holy Grail EXISTS AND I KNOW IT 27 17.42%
The Holy Grail EXISTS AND I DON'T KNOW IT 14 9.03%
Don't care 26 16.77%
Voters: 155. You may not vote on this poll

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  #11  
Old 10th October 2011, 05:13 PM
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Lightbulb Re: The Holy Grail

Second its very important to learn some basics,

Price = Open, High, Low, Close, Higher High, Higher Low, Lower High, Lower Low
Volume = Strength, Weakness, Heavy, Light
Time = Hourly, Daily, Weekly, Monthly, Yearly

Trend, CounterTrend, Major Trend, Minor Trend, UP, DOWN, SIDEWAYS
Support, Resistance, Major Support, Major Resistance, Minor Support, Minor Resistance

Please add more if some basics have missed.

Quote:
Originally Posted by intellibitz View Post
First its very important to categorize,

1. Day Trader
2. Swing Trader
3. Position Trader
4. Technical Trader
5. Fundamental Trader
6. Scalp Trader
7. Short Term Trader
8. Long Term Trader
9. Part Time Trader
10. Retirement Trader

Please add more if other kinds have missed.


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  #12  
Old 10th October 2011, 06:24 PM
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Debarghya Mukherjee is a name known to allDebarghya Mukherjee is a name known to allDebarghya Mukherjee is a name known to allDebarghya Mukherjee is a name known to allDebarghya Mukherjee is a name known to allDebarghya Mukherjee is a name known to all
Default Re: The Holy Grail

You said right. "intellibitz" why don't you make nice post on Eliot Wave then most the things you said here be clear to new users (if you get time).

Quote:
Originally Posted by intellibitz View Post
Second its very important to learn some basics,

Price = Open, High, Low, Close, Higher High, Higher Low, Lower High, Lower Low
Volume = Strength, Weakness, Heavy, Light
Time = Hourly, Daily, Weekly, Monthly, Yearly

Trend, CounterTrend, Major Trend, Minor Trend, UP, DOWN, SIDEWAYS
Support, Resistance, Major Support, Major Resistance, Minor Support, Minor Resistance

Please add more if some basics have missed.
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  #13  
Old 12th October 2011, 04:15 PM
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Exclamation Re: The Holy Grail

2011 - euro crisis
2008 - housing bubble
2000 - dot com bubble

Quote:
Originally Posted by debarghya mukherjee View Post
thank you all of you for reading this post, i have a very specific reason to thank all of you. I have seen that most of us has a tendency to learn quick strategy or methodology and making quick money in fortnight. Lol. I dont know about you, but i love history and theoretical approach on anything. I found that this particular thread is perfect to share my some views of biggest stock market doom and bloom. At the end of the reading i expect some view of you also.
here is the some historical biggest events in global market, some happen in usa and some in uk. I know many interesting stories(real facts) about our bse, nse and my home town calcutta stock exchange also. If other members find my post interesting, then let me know. I will post them also here.

These are the biggest events (doom) of global stock market

  • tulip mania (1637)
  • south sea bubble (1720)
  • canal mania (1792)
  • south american mining bubble (1825)
  • railway mania (1845)
  • western blizard crash (1857)
  • us civil war boom (1861-1873)
  • the great crash (1929)
  • black monday (1987)


anybody can google them or can use wiki pages to know better. I am not going to copy and paste from there.

these are the biggest bubble bust known to me. I appreciate if other members add more here.

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  #14  
Old 13th October 2011, 04:00 PM
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Lightbulb Re: The Holy Grail

Second its very important to learn some basics,

Price = Open, High, Low, Close, Higher High, Higher Low, Lower High, Lower Low
Volume = Strength, Weakness, Heavy, Light, High, Low
Time = Hourly, Daily, Weekly, Monthly, Yearly

Trend, Counter Trend, Major Trend, Minor Trend
Support, Resistance, Major Support, Major Resistance, Minor Support, Minor Resistance
Gap Up, Gap Down, Range, Breakout, Pullback, Reversal, Flow
Accumulation, Distribution, Institution Buy Sell, Short Selling Covering

Please add more if some basics have missed.
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  #15  
Old 14th October 2011, 08:22 PM
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Exclamation Re: The Holy Grail

Interesting poll results so far,

Out of 14, 4 say it exists. AND 3 say they know it!

The majority doesn't think so.
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  #16  
Old 16th October 2011, 10:26 PM
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Default Re: The Holy Grail

it is not surprising that majority do not believe that there is a holy grail of achieving trading success.......afterall majority of traders do not achieve trading success.......those who do succeed stop searching for the holy grail....and believe that the system they have formed is the holygrail and then stick to it with that belief........again another point is ....what is your definition of a holy grail.....no not a system that never produces a losing trade.....in my book it is some thing like this.....say you start with a capital that is double of the total margin required to trade one contact....if trading one contract using your system results in profit equal to your capital within a specified time ( depending on your risk appetite,but say something less than six months) it qualifies to be considered as holy grail.....well you may blow out the entire capital several times before getting into the groove....once you have earned the right to trade one more contract this way...see if the same thing can be done again....finally the key is finding your cruising level where you hold the capital steady.... ( even after blowing out the capital for 3 or 4 times if you are not able to figure out the winning ways perhaps the best thing would be to call it quits !! )
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  #17  
Old 21st October 2011, 05:12 PM
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Thumbs up Re: The Holy Grail

Dejavu! Some one else said the same thing, and let me also tell you the same

Go ahead WM, all views are welcome here.

Quote:
Originally Posted by Wil4Marj View Post
I wonder why some good threads remain silent. I have seen that many useless threads have lots of active participant. What ever. Your thread have lot of good info(at least I think so). Keep it up. If you permit, i want to add some of my views here too.
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  #18  
Old 21st October 2011, 05:20 PM
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Lightbulb Re: The Holy Grail

Its wise to learn from others

http://www.traderji.com/futures/2305...ers-learn.html


Quote:
Originally Posted by chilloo View Post
Hi friends, I am relatively new to trading, just 1 month old. I traded as if I knew everything and also earned around 12,000 in MINIFTY but suddenly, the trend did take a bad turn. I went for 5 shorts in August month, all averaging around 3898.00 and when the market raised, I thought it would come down before the day closes. It did not. Then I thought, ok, let us wait and hoped the next day it would fall. But right from Thursday, the market has been rising and now it stands around 4460. Just calculate my loss. A difference of 460 points for 5 Lots , 46,000 just vanished like anything. Had I covered at the initial stage itself, I would not have lost much. Still I am holding 3 lots with me, praying the market comes down at least 100 points tomorrow. No idea what is in store for me.

Yet, I have put up a brave smile, coz I have learned a great lesson through experience.
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  #19  
Old 24th October 2011, 08:54 AM
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Lightbulb Re: The Holy Grail

http://www.traderji.com/risk-money-m...ard-ratio.html

Quote:
Originally Posted by sashsaha0 View Post
/Getting the risk reward equation right while trading

Risk / reward analysis is a very important aspect of initiating a trade. As the name suggests, risk / reward analysis helps to identify the potential return from a given trade compared to the amount of risk being taken. Ideally, you want at least a two-to-one ratio – two points of profit for every one point of risk.

Risk/reward is just what the name implies. It is the process of evaluating how much risk you will take on compared to how much reward you can expect to gain on any given trade. Or said another way, how many points could the stock fall if the trade doesn’t work out, versus how many points could the stock rise if the trade does in fact go in your favor? Typically, when evaluating risk/reward, we like to see a two-to-one ratio, at a minimum. In other words, for every point of risk, we want to have two points of potential reward.

So, as the above suggests, you need to be able to determine the expected reward and the potential risk. How do you do that? Well, a few things are needed to calculate the amount of risk versus reward.

* Determine where significant resistance lies ahead, or where the stock would be overbought on its trading band.
* Determine where significant support resides below.
* Calculate the price objective for the stock, using either the vertical or horizontal count.
* Determine one’s stop-loss point – where the stock will break a significant bottom or trendline, the point at which you no longer want to own the stock. You must be able to handle the worst-case scenario – that of the trade not working, and therefore being stopped out.

Examples


Here are a few examples of the risk-reward ratio:

* If the risk is Rrs200 and the reward is rs400, then the risk-reward ratio is 200:400 or 1:2.
* If the risk is rs500 and the reward it rs1,500, then the risk-reward ratio is 500:1500 or 1:3.
* If the risk is rs1,000 and the reward is rs500, then the risk-reward ratio is 1000:500 or 2:1.

What is a Good Risk-Reward Ratio?


The minimum risk-reward ratio for a trade is 1:2. However, a larger ratio is better. An acceptable risk-reward ratio for beginning traders is 1:3. Any number below 1:3 is too risky so the trade should be avoided. Never enter a trade in which the risk-reward ratio is 1:1 or the risk outweighs the reward.

Many experienced trader will only enter trades in which the risk-reward ratio is 1:5 or higher. This requires that the trader wait for a trade with this ratio, but the reward is worth it. A higher risk-reward ratio is a good idea in case the stock does not make the anticipated price movement. However, if the trader uses a lower risk-reward ratio, there is very little room for smaller price movements and the amount of risk will increase.

The risk-reward ratio is an important risk management and trading tool. It is important for beginning traders to take the extra time to perform this task because it can help to minimize risk in every trade. Waiting for the right risk-reward ratio can take a long time. However, the benefits of waiting for a higher risk-reward ratio are worth the effort and patience. You will know your risk and know your potential profit. Most importantly, you will know whether the trade is worthy of your money.



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sashsaha0
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  #20  
Old 24th October 2011, 08:06 PM
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Exclamation Re: The Holy Grail

http://www.traderji.com/trading-psyc...sychology.html

Quote:
Originally Posted by gansal View Post
Hi... Yes. You have a trading system, or a strategy and you still lose money , right? Same happens with me...The problem I faced is that I dont follow my strategy because market news influences my strategy.

And guess what I have been trying since last two days... I dont visit any market news related website line moneycontrol, don't hear any news about global or indian markets on TV and neither do I check whether nifty will open up or down or whatever even just before the markets start.. It really helped me.
Its simple and stupid to follow, but that helped me focus on my strategy and prevents me from biasing to any news because I get a chance to listen to my system ONLY.
Call it either simple or stupid way. But try it for 1-2 days.

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