start of a equity trader in indian market
- Thread starter oilman5
- Start date
normally norms of 4quarter result.....help me to understand with fluctuation in 55ema..
particularly on result week.....expectation vs..realisation .....reflection of them on price...i find a main strength in stock trading.
yes i believe in news trading ...as it gives me money....i dont teach it as its too much subjective......still i provide 2hints[basically money making oppurtunity i am supposed to give ]
all knows bell weather info result ....given good .....then price is not reacting properly....
so dont put much money in this sector
...if infy good/tcs good...also price moving up....buy immediate 2nd grade polaris / gtl...a short term low risk speculation style.
.........another case i mention....order book......recent publish[may be some month back..@220-230 zone psl is getting good order.......from oilcompanies for pipeline.....which definitely improve bottomline..stock at nearly yr high.......so buy ...at at near top..by understanding new accumulation is going on ......u have to take entry to make money.
....if u watch minutely with volume spread/order flow/ money flow technique...[any one is sufficient]...u shall see price upwards bias was shown then...220- 230....psl.
............................................
why i can not be a pure technical trader...?
because...fundamental value of a stock ...i believe is always reflected in price...
but if something hidden..........that gives me a low risk trade to earn money
.......by missing lot of oppurtunity...making mistake on regular basis av 8-10 every yr...
i can say definitely the 'value'..is dynamic....never use concept of eyes of beholder'...that is fundamental reason of my wrong trade.
....what is value...in simple term...the reflected marketsentiment...+ business model with company profitability as shown in price...which normally oscilate in a band.
...here i put a simple model ....say price fluctuation within..+/- 2.5% is random
crossing 3% above..>5%..definitely a trend......that is biasness towards a direction which can be traded profitably.
.......................
trend factor..random factor..newsflow[new event].....definitely coexist in market
..........depending upon u as market observer...consider which one is oppurtunity for u
...and when and risk....not suit u........so avoid
.............................
smaller timeframe u trade u have to be more mechanical.......
larger timeframe[at least 3month view]...improve accuracy[directional bias]
..............................
without trade management never trade.......otherwise u enjoy thrill on market..paying money
....winner trade..allow more time to run.
............with uncertainity watch.........never trade on call[ u can use call to find candidate..to save time...but due diligence must]
......analise past trade
particularly on result week.....expectation vs..realisation .....reflection of them on price...i find a main strength in stock trading.
yes i believe in news trading ...as it gives me money....i dont teach it as its too much subjective......still i provide 2hints[basically money making oppurtunity i am supposed to give ]
all knows bell weather info result ....given good .....then price is not reacting properly....
so dont put much money in this sector
...if infy good/tcs good...also price moving up....buy immediate 2nd grade polaris / gtl...a short term low risk speculation style.
.........another case i mention....order book......recent publish[may be some month back..@220-230 zone psl is getting good order.......from oilcompanies for pipeline.....which definitely improve bottomline..stock at nearly yr high.......so buy ...at at near top..by understanding new accumulation is going on ......u have to take entry to make money.
....if u watch minutely with volume spread/order flow/ money flow technique...[any one is sufficient]...u shall see price upwards bias was shown then...220- 230....psl.
............................................
why i can not be a pure technical trader...?
because...fundamental value of a stock ...i believe is always reflected in price...
but if something hidden..........that gives me a low risk trade to earn money
.......by missing lot of oppurtunity...making mistake on regular basis av 8-10 every yr...
i can say definitely the 'value'..is dynamic....never use concept of eyes of beholder'...that is fundamental reason of my wrong trade.
....what is value...in simple term...the reflected marketsentiment...+ business model with company profitability as shown in price...which normally oscilate in a band.
...here i put a simple model ....say price fluctuation within..+/- 2.5% is random
crossing 3% above..>5%..definitely a trend......that is biasness towards a direction which can be traded profitably.
.......................
trend factor..random factor..newsflow[new event].....definitely coexist in market
..........depending upon u as market observer...consider which one is oppurtunity for u
...and when and risk....not suit u........so avoid
.............................
smaller timeframe u trade u have to be more mechanical.......
larger timeframe[at least 3month view]...improve accuracy[directional bias]
..............................
without trade management never trade.......otherwise u enjoy thrill on market..paying money
....winner trade..allow more time to run.
............with uncertainity watch.........never trade on call[ u can use call to find candidate..to save time...but due diligence must]
......analise past trade
1) buy low sell lower
2) buy aptech,bharti,cipla,and dabur
3) buy in one second and sell the next second
4) google it
please post in appropriate thread,
oilman,
please continue, i can see that everything from u is coming from real experience, (restraint to agressive trading, control of greed, precaution, not letting profits run, not cutting losses) i can relate, my horror story another day, excellent content. keep coming ...
hi immi22 80,i am answering only first one....
what is the right way to do intraday?
.................its very easy.
define the day first ........upday..down day ..uncertain day ..volatile day
expected range of the day
.....uncertain day i dont trade..only watch.
all other 3day i have technique......entry and exit technique
......eod study gives me strength list
so strong strength buy candidate for up day........
exhausted candidate for volatile day..
and poor strength for down day......
................
normally with good order flow i enter in stock......so radar ..air help me to boat smoothly
........................
for short term technique is entirely different...a support swing pt buy..no i dont short
...........
for basic chart yahoo..is better..
but personally i suggest ...dont come in market below 4 yr study......losing is very easy
what is the right way to do intraday?
.................its very easy.
define the day first ........upday..down day ..uncertain day ..volatile day
expected range of the day
.....uncertain day i dont trade..only watch.
all other 3day i have technique......entry and exit technique
......eod study gives me strength list
so strong strength buy candidate for up day........
exhausted candidate for volatile day..
and poor strength for down day......
................
normally with good order flow i enter in stock......so radar ..air help me to boat smoothly
........................
for short term technique is entirely different...a support swing pt buy..no i dont short
...........
for basic chart yahoo..is better..
but personally i suggest ...dont come in market below 4 yr study......losing is very easy
online trader,thanks for your honesty.
to learn trading ..to learn ta r basically 2different thing.
.....u r from which city i dont know......if u join mta.....local chapter or on request they shall give u nearby mta..contact person.
just go into detail u shall get .....what u deserve.
ur quote never suggests u go through in detail.for me u have just started learning....collected material only.
i guide only pro [ call giver/ta/rm]....ie. who watch market ...have reqd basic knowledge..
...starting from basic ....really i dont know........those come and do some fine tuning for money earning skill.....[ i get joy of directing right.]
...on helping .....since my friends suggest to give...why not......i try to write some of my experience/real fact which may be useful as a trader...in traderji.com forum...as its in india..
from mumbai..my duty to contribute to people.
so i try to write some 4 thread........
greatest inspiration here is vvonteru....
i also learn something from many a boarder
.......as learning is a continous process......i also practice to learn.....though family and job commitment take away my time.
pm traderji....he may help u
....................
since u have ask for ta ...only that part i shall show some hints.
....ta helps timing. works on probabilistic model ....with experience one can learn.i start to learn in 1991...d.cassidy ....basic ta book.....use of volume/some pattern it take me 2 yr to learn basic[some theory......i am a poor learner]
.....only paper cutting ......and capital market ta mag[long time stop publication]....r available in indian market......
only 2001.....computerised trade......availability of nse and pc........brought me again to old art.....mean while i face 2 quack......who consider they know...i part some money....only to know they r quack........this is the fact u face now......thats why u insist to learn from qualified .
as bse...../nse use data in meta format.....this software..was in india from 1995......so i study this one....in my learning curve........again i repeat it takes time [ afterall i am a parttime learner......not even a sharp college student]
....i face dilemma like u .......lucky to learn from www.tradingmarkets.com...and cbot
in 2002......but i try to learn trading.....useful part of ta.
concept of break out is imp......
concept of support buy r useful........
most imp is predict market danger zone
.............................
since u ask for hard core ta.......i shall stick to it.......which i learn later
....for qualification,......learn trend first......
defn of up/down......volatile.......
next distribution /accumulation
........this must be applied on nifty
........then study,..........fibonacci
then study pattern .....psychology behind each pattern
....imp one for actual trading.......triangle /flag./1-2-3
.......in bullish market ..cup and handle
...then learn bearish one.....h&s..2t/3t.........and what condition they fail
.................
learn short imminent reversal......oneday/ 2day sp. pattern bullish/bearish reversal based on candlestick
next solve.......gap up and gap down.......use it to judge strength of market....no other purpose.....till u grasp it fully..
...............................
after this u should u can look through indicator.....
use ma........dual ma.....experiment with many alternatve.......remember just basic......
smaller one cutting and move up.....shows upward bias.
take a suitable indicator....to gauge strength of market
........
when u know more study one overbought/oversold one .....i prefer william%r
use it in tradezone.......
next level .......is to define and predict........trend or non trend.........which as per me a trader must learn first......2/3 tools available choose any one
....spend time on it........patience pays
..........now come developing a system based on technical.....ha ha..its ur job
.....btw....without divergence study do nothing
.........................
u think u know......but.....study another 2tool ...advance decline and new high/low data......
and raw moneyflow data...particularly fii/mf
.....this is only ta......better use stop/mm.....otherwise...money comes and goes.
....btw u lose due to poor mm......may have listen to some crap..call giver
.........
hope this may help
btw...my email is always given..but i dont guide non pro
.......................................
note :sorry my friend ......i copy paste this here...as today only i write in a thread on question basis...i duly apologize on rude way of call a spade...market reality.but this discussion is not totally out of context.
to learn trading ..to learn ta r basically 2different thing.
.....u r from which city i dont know......if u join mta.....local chapter or on request they shall give u nearby mta..contact person.
just go into detail u shall get .....what u deserve.
ur quote never suggests u go through in detail.for me u have just started learning....collected material only.
i guide only pro [ call giver/ta/rm]....ie. who watch market ...have reqd basic knowledge..
...starting from basic ....really i dont know........those come and do some fine tuning for money earning skill.....[ i get joy of directing right.]
...on helping .....since my friends suggest to give...why not......i try to write some of my experience/real fact which may be useful as a trader...in traderji.com forum...as its in india..
from mumbai..my duty to contribute to people.
so i try to write some 4 thread........
greatest inspiration here is vvonteru....
i also learn something from many a boarder
.......as learning is a continous process......i also practice to learn.....though family and job commitment take away my time.
pm traderji....he may help u
....................
since u have ask for ta ...only that part i shall show some hints.
....ta helps timing. works on probabilistic model ....with experience one can learn.i start to learn in 1991...d.cassidy ....basic ta book.....use of volume/some pattern it take me 2 yr to learn basic[some theory......i am a poor learner]
.....only paper cutting ......and capital market ta mag[long time stop publication]....r available in indian market......
only 2001.....computerised trade......availability of nse and pc........brought me again to old art.....mean while i face 2 quack......who consider they know...i part some money....only to know they r quack........this is the fact u face now......thats why u insist to learn from qualified .
as bse...../nse use data in meta format.....this software..was in india from 1995......so i study this one....in my learning curve........again i repeat it takes time [ afterall i am a parttime learner......not even a sharp college student]
....i face dilemma like u .......lucky to learn from www.tradingmarkets.com...and cbot
in 2002......but i try to learn trading.....useful part of ta.
concept of break out is imp......
concept of support buy r useful........
most imp is predict market danger zone
.............................
since u ask for hard core ta.......i shall stick to it.......which i learn later
....for qualification,......learn trend first......
defn of up/down......volatile.......
next distribution /accumulation
........this must be applied on nifty
........then study,..........fibonacci
then study pattern .....psychology behind each pattern
....imp one for actual trading.......triangle /flag./1-2-3
.......in bullish market ..cup and handle
...then learn bearish one.....h&s..2t/3t.........and what condition they fail
.................
learn short imminent reversal......oneday/ 2day sp. pattern bullish/bearish reversal based on candlestick
next solve.......gap up and gap down.......use it to judge strength of market....no other purpose.....till u grasp it fully..
...............................
after this u should u can look through indicator.....
use ma........dual ma.....experiment with many alternatve.......remember just basic......
smaller one cutting and move up.....shows upward bias.
take a suitable indicator....to gauge strength of market
........
when u know more study one overbought/oversold one .....i prefer william%r
use it in tradezone.......
next level .......is to define and predict........trend or non trend.........which as per me a trader must learn first......2/3 tools available choose any one
....spend time on it........patience pays
..........now come developing a system based on technical.....ha ha..its ur job
.....btw....without divergence study do nothing
.........................
u think u know......but.....study another 2tool ...advance decline and new high/low data......
and raw moneyflow data...particularly fii/mf
.....this is only ta......better use stop/mm.....otherwise...money comes and goes.
....btw u lose due to poor mm......may have listen to some crap..call giver
.........
hope this may help
btw...my email is always given..but i dont guide non pro
.......................................
note :sorry my friend ......i copy paste this here...as today only i write in a thread on question basis...i duly apologize on rude way of call a spade...market reality.but this discussion is not totally out of context.
next i try to throw some light on rsc......rel strength comparative.....
its a good tool ...first extensively advocated by mark boucher in his course....
its momentum tool.....strength of index vs a share.......a stock in a particular sector rank..
....i use it scanner..as suggested in www.meta-formula.com
.....it helps to find where the action is .......
......give a suggestive list of laggard if u handle portfolio
its a good tool ...first extensively advocated by mark boucher in his course....
its momentum tool.....strength of index vs a share.......a stock in a particular sector rank..
....i use it scanner..as suggested in www.meta-formula.com
.....it helps to find where the action is .......
......give a suggestive list of laggard if u handle portfolio
next work on money management /risk control
....many a great reference r available at www.traderji.com
....just go through them
....many a great reference r available at www.traderji.com
....just go through them
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