shiksha for market

[Rish]

Ahhh, a true master than, a master must have quality of chameleon:lol::lol::lol:

:lol::lol::lol::lol::lol:

 

[trade4learn]

What does he teaches ?? Here in the brief ...

Take SMA of 3 days.

Get Fibo levels of previous day (Daily bar)

now if 3 day sma is greater then previous value of 3 day sma then trade long in intraday during retracements or breakouts.

if its lower then trade short.

To learn this , I wont spend money.

And his software (i tested few years back). Its one of the most poorly written example of .NET.

 

[Hlad]

Whether he is high profile or low profile....doesn't matter....

Ultimately, money matters...

You are talking on your view....I am not disagreeing....

Same way...my view is his system is not generating money as you projecting.....people has lost money obeyed the method....

I am no way concerned...whether he is right or wrong....

As a member...I am cautioning the members...as simple as that...

It's been more than a year, since I had posted my earlier view. A more mature view of the system and the Mentor is due
About Trading system

1. Based on combination of DOW's trend theory and Fibonacci Levels
2. The system and the associated setups have well formulated entries, exits and stop losses
3. All setups well suited for trending markets
4. Active setups suited for most market conditions
   
5. Active setups, the ones promoted most, have poor risk/reward ratio, but very good target achievement rates
6. Passive setups, not yet clear as to what their intricacies are. Not have been focused on taught properly during the past year

About Mentor

Pros:​

1. Good at reading the market sentiment
2. Suggests appropriate setups as per the market conditions
3. Strictly adheres to the setup rules, which is a good thing for newbies / mechanical traders
4. Motivates students by sharing positive feedback from other Shiksha participants and market relevant motivational messages and videos

Cons

1. Any discussion outside of the system is discouraged
2. High software subscription fees ( annually approx. 48000)
   1. Frequent logouts during market hours
   2. No live trading signals. Though a crude one has been implemented, which requires you to open each scrips' trading plan to see what signal has been generated
   3. System becomes very slow and unstable, esp. during periods of peak market activity
3. Need to renew even if you are still trying to get a foothold
   1. From what I have researched so far, for a trader to become a professional trader, it takes at least 3 year of full time experience
   2. As Mr. V Mehta mentioned earlier mentioned, not interested in talking if software not renewed
4. The way, system is taught, it is difficult to survive in market without the software. Esp. if you donot have experience in other trading methods, as in my case

Hope, this will help make informed decisions

 

[copypasteaee]

Why wasting our time for Himanshu shah. Who the f is he. No one cares. Please stop posting in this thread.

Mods please delete this spam thread.

 

[Subhadip]

Hi Pranay

I hope reading this post will be worth your time.
Do not waist your money on ANY paid courses. Mostly ALL are CRAP.
Information given by them will be appropriate BUT it will not help you much as a trader but surely help them make money

Here is what you can do instead ;

1) Read books which lay more importance to Price, Risk & Money Management, Trading Psychology, Support & Resistance, Volume (accumulation & distribution)

While having said this, do not get lost in the fancy world of Strategies, Indicators & trading on news.

2) While your chosen course by Himanshu lists Rs. 50,000 as minimum balance required in demat to trade stocks & I do understand out of this maybe 2% will be risked on one trade ....

I SAY DO NOT START WITH MORE THAN Rs. 10,000 out of which you will not trade more than 1 SHARE on one trade, initially, because ;

a) Once you have Rs. 50,000 in demat, YOU WILL OVER TRADE due to not being a disciplined trader as yet & loose most of it & try to get it back after few losing trades.

b) YOU NEED TO DEVELOP THE GUTS TO TRADE 1 SHARE ON ONE TRADE FOR THE FIRST 2-3 MONTHS.
If you cannot be consistently profitable trading just 1 share, what makes you think you can be successful trading 10 shares or more ???

c) Once you demonstrate to NOONE but YOURSELF that Yes, I can trade 1 SHARE profitably for 2 months straight, You can start trading 5 shares for another 2 months & 10 for another 2 months & so on.

If in between, your net profit PERCENTAGE for a month is not as per your pre decided number say 5 % or its a net loss by even .1 %, you will simply go back to previous trading size used & YOU WILL CONTINUE TO TRADE SAME SIZE FOR ANOTHER 2 MONTHS.

Most traders will give up in between when they have to go back to previous trading size & start trading higher number of shares & leverage until they go broke.

Nobody is willing to practically train in the markets for 2-3 years by trading very small, LIVE in the markets which are your actual teachers.

This experience taught me that a true mentor who actually trades himself & makes real money in the market would rather tell you to pay fees to the market instead of him as he is very much capable of making money on his own.

Think for a minute that if these people who offer courses & have been ACTIVE TRADERS SINCE 19XX :rofl: really knew how to trade - Profitably, Consistently .... Would they really have the time & appetite to teach others how to trade ???

Only a struggling active trader, fraudster or Money oriented person will offer you a course in real life.

REAL DEAL IS JUST NOT INTERESTED IN YOUR MONEY.
Atleast that is something I experienced.


---> Forget paid courses
---> Read & Read Smart (More Books by real & consistently profitable traders & few posts in trading forums)
---> Choose a broker carefully
---> Paper trading will be no good so pay the due tution fees to the market trading LIVE over next 2 years
---> If possible make a group of few traders, trade LIVE together & experience the joy of trading 1 share, day in day out or week in week out :lol:
Share month end reports & motivate each other to stick to the approach.


-------> If your trading account survives & is in plus month after month, two years from now, come back here on this very thread & just thank me once. That simple thanks will mean everything to me

God bless you.

Happy Trading.

One of the best advice I have ever read in any forum....
Excellent....

 

[copypasteaee]

Ok enjoy Diwali bro. My best wishes for your course.

 

[Hlad]

One of the best advice I have ever read in any forum....
Excellent....

I agree, it took me a year of losses and final disappointment from HS this September to realise Rishi's advice

I hope reading this post will be worth your time.
Do not waist your money on ANY paid courses. Mostly ALL are CRAP.
Information given by them will be appropriate BUT it will not help you much as a trader but surely help them make money

The whole experience taught me a lot, and I did learn what not to do. The problem is there are multitude of opportunities presented by market. And each individual having some success, starts trumpeting about the superiority of his method.

(by opportunities I mean, ways you can make money by trading... scalping, greek hedging, swing trading, risk arbitrage, trend following, option strategies.... the list is endless)

Being a newbie, it is difficult to filter out the opportunities compatible with his temperament. Paying, 100000, helped me focus on a system and learn what does and doesn't work for me.

On one of the ChatWithTraders interview, one trader rightly said, paying for a trading system helps you give a fair trial to system. If you get for free, or cheap, you might keep on hopping systems. Ultimately reaching no where even after years of trial and error

Hoping that tution paid to market and Himanshu Shaah will bear fruits.

 

[Hlad]

Pradeep,

No one is wasting your time or on Himanshu Shah. And why do you call this spam thread??
OP as asked whether this course is useful. The total cost for this course is about Rs.1,10,000(including software fees). So that makes this a serious decision for somebody who has no information on this course or the trainer and is about to spend this kind of money. Hence, this thread.

Would like to get in touch with you, please PM me, unable to send you message. Some privacy setting stopping me

 

[Hlad]

It's been more than a year, since I had posted my earlier view. A more mature view of the system and the Mentor is due
About Trading system

1. Based on combination of DOW's trend theory and Fibonacci Levels
2. The system and the associated setups have well formulated entries, exits and stop losses
3. All setups well suited for trending markets
4. Active setups suited for most market conditions
   
5. Active setups, the ones promoted most, have poor risk/reward ratio, but very good target achievement rates
6. Passive setups, not yet clear as to what their intricacies are. Not have been focused on taught properly during the past year

About Mentor

Pros:​

1. Good at reading the market sentiment
2. Suggests appropriate setups as per the market conditions
3. Strictly adheres to the setup rules, which is a good thing for newbies / mechanical traders
4. Motivates students by sharing positive feedback from other Shiksha participants and market relevant motivational messages and videos

Cons

1. Any discussion outside of the system is discouraged
2. High software subscription fees ( annually approx. 48000)
   1. Frequent logouts during market hours
   2. No live trading signals. Though a crude one has been implemented, which requires you to open each scrips' trading plan to see what signal has been generated
   3. System becomes very slow and unstable, esp. during periods of peak market activity
3. Need to renew even if you are still trying to get a foothold
   1. From what I have researched so far, for a trader to become a professional trader, it takes at least 3 year of full time experience
   2. As Mr. V Mehta mentioned earlier mentioned, not interested in talking if software not renewed
4. The way, system is taught, it is difficult to survive in market without the software. Esp. if you donot have experience in other trading methods, as in my case

Hope, this will help make informed decisions

Followup after a quarter outside Shiksha Ecosystem:

1. The efforts put in by Himanshu Shaah, and us in the process, have helped in gaining a sense of price movements
   • I sorely lacked this skill, before Shiksha, I was unable to make sense of prices / charts
   • Things are better now
2. Again, Sir's methodology helps develop basic trading discipline. Which I feel is difficult for most newbie traders to achieve by reading books / self introspection

For me trading outside the candle has been a more enriching experience. Was unable to monetize the Active trading systems which thrive inside the current candle.

 

[amanrj20.singh]

Hi Pranay

I hope reading this post will be worth your time.
Do not waist your money on ANY paid courses. Mostly ALL are CRAP.
Information given by them will be appropriate BUT it will not help you much as a trader but surely help them make money

Here is what you can do instead ;

1) Read books which lay more importance to Price, Risk & Money Management, Trading Psychology, Support & Resistance, Volume (accumulation & distribution)

While having said this, do not get lost in the fancy world of Strategies, Indicators & trading on news.

2) While your chosen course by Himanshu lists Rs. 50,000 as minimum balance required in demat to trade stocks & I do understand out of this maybe 2% will be risked on one trade ....

I SAY DO NOT START WITH MORE THAN Rs. 10,000 out of which you will not trade more than 1 SHARE on one trade, initially, because ;

a) Once you have Rs. 50,000 in demat, YOU WILL OVER TRADE due to not being a disciplined trader as yet & loose most of it & try to get it back after few losing trades.

b) YOU NEED TO DEVELOP THE GUTS TO TRADE 1 SHARE ON ONE TRADE FOR THE FIRST 2-3 MONTHS.
If you cannot be consistently profitable trading just 1 share, what makes you think you can be successful trading 10 shares or more ???

c) Once you demonstrate to NOONE but YOURSELF that Yes, I can trade 1 SHARE profitably for 2 months straight, You can start trading 5 shares for another 2 months & 10 for another 2 months & so on.

If in between, your net profit PERCENTAGE for a month is not as per your pre decided number say 5 % or its a net loss by even .1 %, you will simply go back to previous trading size used & YOU WILL CONTINUE TO TRADE SAME SIZE FOR ANOTHER 2 MONTHS.

Most traders will give up in between when they have to go back to previous trading size & start trading higher number of shares & leverage until they go broke.

Nobody is willing to practically train in the markets for 2-3 years by trading very small, LIVE in the markets which are your actual teachers.

This experience taught me that a true mentor who actually trades himself & makes real money in the market would rather tell you to pay fees to the market instead of him as he is very much capable of making money on his own.

Think for a minute that if these people who offer courses & have been ACTIVE TRADERS SINCE 19XX :rofl: really knew how to trade - Profitably, Consistently .... Would they really have the time & appetite to teach others how to trade ???

Only a struggling active trader, fraudster or Money oriented person will offer you a course in real life.

REAL DEAL IS JUST NOT INTERESTED IN YOUR MONEY.
Atleast that is something I experienced.


---> Forget paid courses
---> Read & Read Smart (More Books by real & consistently profitable traders & few posts in trading forums)
---> Choose a broker carefully
---> Paper trading will be no good so pay the due tution fees to the market trading LIVE over next 2 years
---> If possible make a group of few traders, trade LIVE together & experience the joy of trading 1 share, day in day out or week in week out :lol:
Share month end reports & motivate each other to stick to the approach.


-------> If your trading account survives & is in plus month after month, two years from now, come back here on this very thread & just thank me once. That simple thanks will mean everything to me

God bless you.

Happy Trading.

i have done the course i have done three times in two year all those who are saying it's expensive then doesn't have capital himanshu shah tells that u should have the backing of 5 lakh but i belive we should have atleast 10 lakh i lost 80% then again i joined and now i have three flats and i am doing extremely well for myself u should have a very big capital to do this course