Dear karthik and Every one.
Thank you very much for your mail. i know this site for the last 20 days or so.
i feel somewhat so bad that i didn't know this site earlier. This is very good site i feel. Ok let me come to my problem.
I have been in the market as investor for the last 2 years (alomost). i made good money also. After that i had impression that there will be lot of oportunities in day trading. And i started learning technical analysis, not everything, but only two ie. multiple moving average and macd. I had searched lot of things on internet and found only two good indicators i feel. that's why i started learning above two.(ma and macd)
i don't know anything in technical analysis apart from above two (ma and macd) to be honestly i am telling.
For the last 1 month almost daily i am on the market as day trader.i made very good profit also. Again my intution told me that there are lot of oportunities in day trading. here i stopped investing and started hating investing also..that is the tragedy i had got.
I used to day trade in less liquid stock ie Total quantity traded less than 3 lakhs and more than 75000 shares in previous day.
I never touched any nifty shares or anything like big big companies.i used to watch tick by tick charts and it worked very well for me. I used to make money on kirloskar oil, vysya bank, aarti industries, mercators, til, ocl and rpg trasn like that...
than suddenly i started looking at more liquid stocks like HMT, Microtek, welspunjgujrat etc... (please don't mind if i misspelt the companies name)
here also i used to trade on the basis of tick by tick chart on more liquid stock. it never worked here.
Now i started facing the music and i have lost almost all the money in 3 days i have earned in day trading for the last one month.
i couldn't understand why MA and MACD are not working well in less liquid stock and more liquid stock.
did i find the exact reason i have or some other reason?
Can any one tell me the reasons and how to overcome this?
Please help me out. I have been going thru site. but i couldn't find any answers for the probelms i have..
i think i have told the problems i am facing.. please reply.
regards
santhosh
