Trading Strategies Using Technical Analysis
- Thread starter SwingKing
- Start date
- Tags trading strategies
Dear (Brother,Apurvji,Mr. Apurv..... please accept one of these words,Sir not added as I dont like it and please dont cut Dear, which you like and think befiting you also please consider it is coming from a lowly educated man of 52 years of age)
Such nice words. Please give the address of Yoga web site also. So many things to learn and so little time. Emotions also required,without it one is nothing but machine.
Thank you,other members and traderji.com from my heart.
My best regards to you and all the members.
Partha Roy
Such nice words. Please give the address of Yoga web site also. So many things to learn and so little time. Emotions also required,without it one is nothing but machine.
Thank you,other members and traderji.com from my heart.
My best regards to you and all the members.
Partha Roy
Hi raunakagarwal
Hope you do not mind when I interrupt your thread. As I know you and you know me so far, I guess, this is also a Cookie for you and sorry when I called you last time a future trader as you are a real stock trader. ( By the way; I changed it in the post to your good
I do not trade stocks and you know, that I still like to know to a certain point, what is happening on the other side of the river. Here is some thing I really like to know.
I will here just post what was written 1912 :
In 1912, an interviewer asked Harriman about his stock market skills and secrets. The trader replied : If you want to know the secret of making money in the stock market, it is this : Kill your losses. Never let a stock run against you than three-quarters of a point, but if it goes your way, let it run.
Move your stops up behind it so that it will have room to fluctuate and move higher.
Like I say, it was written 1912.
Have a nice day
DanPickUp
Hope you do not mind when I interrupt your thread. As I know you and you know me so far, I guess, this is also a Cookie for you and sorry when I called you last time a future trader as you are a real stock trader. ( By the way; I changed it in the post to your good
I do not trade stocks and you know, that I still like to know to a certain point, what is happening on the other side of the river. Here is some thing I really like to know.
I will here just post what was written 1912 :
In 1912, an interviewer asked Harriman about his stock market skills and secrets. The trader replied : If you want to know the secret of making money in the stock market, it is this : Kill your losses. Never let a stock run against you than three-quarters of a point, but if it goes your way, let it run.
Move your stops up behind it so that it will have room to fluctuate and move higher.
Like I say, it was written 1912.
Have a nice day
DanPickUp
Hi raunakagarwal
Hope you do not mind when I interrupt your thread. As I know you and you know me so far, I guess, this is also a Cookie for you and sorry when I called you last time a future trader as you are a real stock trader. ( By the way; I changed it in the post to your good
I do not trade stocks and you know, that I still like to know to a certain point, what is happening on the other side of the river. Here is some thing I really like to know.
I will here just post what was written 1912 :
In 1912, an interviewer asked Harriman about his stock market skills and secrets. The trader replied : If you want to know the secret of making money in the stock market, it is this : Kill your losses. Never let a stock run against you than three-quarters of a point, but if it goes your way, let it run.
Move your stops up behind it so that it will have room to fluctuate and move higher.
Like I say, it was written 1912.
Have a nice day
DanPickUp
Hope you do not mind when I interrupt your thread. As I know you and you know me so far, I guess, this is also a Cookie for you and sorry when I called you last time a future trader as you are a real stock trader. ( By the way; I changed it in the post to your good
I do not trade stocks and you know, that I still like to know to a certain point, what is happening on the other side of the river. Here is some thing I really like to know.
I will here just post what was written 1912 :
In 1912, an interviewer asked Harriman about his stock market skills and secrets. The trader replied : If you want to know the secret of making money in the stock market, it is this : Kill your losses. Never let a stock run against you than three-quarters of a point, but if it goes your way, let it run.
Move your stops up behind it so that it will have room to fluctuate and move higher.
Like I say, it was written 1912.
Have a nice day
DanPickUp
I trade in Stocks as well as in Futures. So on both occasions you were right.
Anyway now coming to what you have written. As a futures trader, I absolutely agree with the fact that stops should be very tight. If you would have noticed, whenever I trade in futures I keep getting in and out numerous number of times till I finally catch a good move. That is primarily my style of trading in Futures. However, in stocks, I keep stops at a reasonably lower level. I absolutely never move my stops down. I am always looking to move up my stops.
Regarding the note written in 1912, I feel in the current age, where technology has made trading easily accessible and hence added range volatility in prices, keeping three quarters of a SL is not advisable. Markets have changed, volatility behavior has changed and hence nature of stop losses has also changed. In the end we are so many traders, so many different inherent personalities and certainly traders with different risk profiles and hence SL like entry and exit should be determined with what one is comfortable with.
Tc
Hi raunakagarwal
Ten years ago I was only a share trader ( No idea what I do and what the company was I invested ) . I had good connection to a share fond manager and I still have. This guy made 60% profit ( at those times called conservative ) in one year. He told me what to buy and sell and how to react when it not goes the right way.
That was my first experience with shares. I made some money with out understanding what I am doing.
Today I do not trade any more in shares.
Coming back to the subject you mentioned.
Stop loss with shares is as essential as in any other trading papers.
That was the message I wanted to make clear here. If it now was 1912 or today, the idea is the same : Small losses and if possible, big profit.
Go and ask on the street. Every body knows every thing about gold and shares, but when it comes to stop loss, they are suddenly out of knowledge :lol:
Dan
Ten years ago I was only a share trader ( No idea what I do and what the company was I invested ) . I had good connection to a share fond manager and I still have. This guy made 60% profit ( at those times called conservative ) in one year. He told me what to buy and sell and how to react when it not goes the right way.
That was my first experience with shares. I made some money with out understanding what I am doing.
Today I do not trade any more in shares.
Coming back to the subject you mentioned.
Stop loss with shares is as essential as in any other trading papers.
That was the message I wanted to make clear here. If it now was 1912 or today, the idea is the same : Small losses and if possible, big profit.
Go and ask on the street. Every body knows every thing about gold and shares
, but when it comes to stop loss, they are suddenly out of knowledge :lol:Dan
Go and ask on the street. Every body knows every thing about gold and shares, but when it comes to stop loss, they are suddenly out of knowledge :lol:
Dan
, but when it comes to stop loss, they are suddenly out of knowledge :lol:Dan
Humans don't change, no matter how much the world advances.
Secret of success remains the same though. Simple to read, yet difficult to execute.
Tc
Open Positions as of Friday.
Since, Hero Honda is sponsoring the commonwealth games event, let us reward them by going long in it.
On a much serious note, those interested can go long in Hero Honda. Keep a SL of close below 1795 as of today. Risk of Rs 7000 per lot.
Stop losses are dynamic and will be updated promptly.
Tc
Code:
Script Comment Traded Price Exit Price
Aban Buy 872.1 0
Reliance Capital Buy 827.9 0
Tata Chem Buy 419 0
Tata Comm Buy 336 0On a much serious note, those interested can go long in Hero Honda. Keep a SL of close below 1795 as of today. Risk of Rs 7000 per lot.
Stop losses are dynamic and will be updated promptly.
Tc
Hi Raunak,
Went thru all the posts on the index page. Great stuff:thumb:
One thing if you may please expand on. I think you mentioned you would do so some time soon, so whenever you can please...and that is Position Sizing wrt to adds and cuts.
Somehow I can understand cutting losing positions and not averaging down ( sometimes even that seems counter intuitive) but adds at higher prices seems great in theory but seems difficult in practice cos if prices drop that could seriously erode a formerly profitable situation.
Kindly enlighten us on the most elegant way ( or general rule of thumb for adds) I realize this must work as most seniors advocate this , specially Smart trade (ST) in many of his posts mentions the power of adds to be a technique to go from small time to making larger gains.But somehow I am unable to wrap my head around it ( guess im hoping to get that A-ha moment
Well thanks again for all the insights
Went thru all the posts on the index page. Great stuff:thumb:
One thing if you may please expand on. I think you mentioned you would do so some time soon, so whenever you can please...and that is Position Sizing wrt to adds and cuts.
Somehow I can understand cutting losing positions and not averaging down ( sometimes even that seems counter intuitive) but adds at higher prices seems great in theory but seems difficult in practice cos if prices drop that could seriously erode a formerly profitable situation.
Kindly enlighten us on the most elegant way ( or general rule of thumb for adds) I realize this must work as most seniors advocate this , specially Smart trade (ST) in many of his posts mentions the power of adds to be a technique to go from small time to making larger gains.But somehow I am unable to wrap my head around it ( guess im hoping to get that A-ha moment
Well thanks again for all the insights
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