Scenario 1: You go long, keep a strict stoploss, have a target in mind after a proper study. Market first hits your stoploss and the goes up as per your study. Sigh!
Scenario 2: This time you go long, set a loose stoploss, market does not do much for a couple of days. You give up and exit. After that market goes up!
Scenario 3: This time you decide to be patient. Take a position, set a loose stoploss. Market eventually goes in other direction!
Scenario 4: Now you decide you will apply money management. Will deploy only part capital and take only limited risk. 3 trades go right. You become confident, and feel finally you have learnt. Now you deploy full, now this one goes wrong!
Scenario 5 We deploy again in part, set a mindful stoploss, go long, set a target, 80% of the target is reached, then market dives and hits the stoploss!
All of us keep experiencing this and we keep telling ourselves that we will learn. But first we need to know what causes this?
Basically, these are all timing issues. Our study may be right, but we do not know the shubh mahurat (=auspicious time) of taking a trade. If we could just time it properly, both from entry and exit perspective. If we could just correct this one thing, we will usher in prosperity. Timewave can help a lot here.
Comments
kedarjoshi
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Hello Sir, Can you please guide as to how can one learn time wave. Are there any good books or courses?
pankajvw
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@kedarjoshi, sorry, there is none, its a new finding. You can read introduction at my blog's about page timingnifty.wordpress.com
vanathi
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This type of accurate time prediction is too tough. Great you know how to predict it!
pankajvw
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@vanathi, Simple and complex are relative terms. To a fourth grader quadratic equations are complex, but to a 9th grader its very simple. Also, simple and complex is not the criteria. if a problem requires you to apply quadratic equation formula, you will have to use quadratic equations, otherwise results will be wrong. In my view, one shall be pushing for results, things will become simple on their own as you gain experience.