Learn How To Fish

[VJAY]

You'd rather follow your rules and lose money than break your rules for quick gains.

Short term gratifications have a negative impact on your long-term success.

-Rayner

 

[raju.vzm]

View attachment 34756

Thanks Vijay for the chart,

Is this 5 mins chart? My chart looks alot different than yours

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[VJAY]

Thanks Vijay for the chart,

Is this 5 mins chart? My chart looks alot different than yours

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Its 3tf chart...but same trade there on 5 tf too

 

[raju.vzm]

Today's trade, could have been better day if I do partial profit booking in my 1st trade

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[VJAY]

One who start trading this or any other method trade with sufficient fund ...not use leverage with small capital.It hurts a lot ..specially in index futures....with cash scrips you can easily vary your position size...once you done your backtests look DD (Draw downs) of method from statitics and decide how much backup money needed for this method for freely/fearlessly trade method

 

[RICH_MAN]

Do we have PDF of this thread?

 

[VJAY]

Do we have PDF of this thread?

some one posted pdf in this thread earlier....dont know where it is....for learning its not any big job start from 1st post of this thread ...my views

 

[VJAY]

There's no best timeframe out there. Likewise, there is no best indicator, strategy, or whatsoever.

It depends on you — your goals and what you want from trading.

Once you figured it out, then you can find an approach that suits you best.

-Rayner

 

[VJAY]

Most traders want to ride a big trend, but do you know:

A tight trailing stop loss won't cut it
You've to endure the swings that come with it
You've to watch your open profits turn to losses
You'll get stopped out and watch the market reverses back in your favour

So embrace it!

-Rayner

 

[raju.vzm]

No trade in TS 5 mins chart on 17 th.. let me know if any one see any opportunities.

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