VIEW ON TRADING & TRADING METHODS BY TWO ICONS ......
SAINT SIR: Trading is simple but we people make it complicated by using a lot of complex indicators & we think the most difficult method we trade the most the are chances of success.
SMART_TRADE SIR: Contrary to many people's belief,there is no perfect system. There has never been one in the past and there will never be one in future. There is no magic formula, no secret indicator,no AFL which will make money for you without any efforts from your side. There are competent methods but each will have its share of choppy trades,losses, frustrating periods,big profits etc.My experience tells me that you need to have a good method but it is not that it will make money for you if run on autopilot. A good trader is equally necessary behind a good method in daytrading and that is a winning combination along with good MM.
One thing I would like to highlight here...
How is Saint professing simplicity behind trading?
I was with him on the very first trader meet in Kol. So, in those two days I along with a few others, inquired about his past with trading.
He had his share of challenges... oh it was an interesting narration... one of those once in a lifetime moments...
I will skip the chase and come right down to the point...
He had several years and his share of failures behind him. From those experiences he could separate the wheat from the chaff. He was now
100% internally convinced about that one line. He lived it and hence knows. And in reality there is no other way.
He is a great guy. You should take the chance to meet him. He likes meeting traders. A cool guy that way. He lives far, but shows up for meets even today. He was there for the last meet in Pune.