95% TRADER TRADE WHAT YOU SEE ON THE LEFT SIDE. THE PERSON READING THIS , YES YOU ! You have also traded like the 95% retailers havent you and at some point you realise that it isnt working for you! Smart money lies with the 5% , but you never realise that !
Please don't confuse peoples, don't run after something which we don't have access.
Remember, price is god and technical only contributes to 20% of your trading success.
goutham_45
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@subhagghosh you say price is god without having clear ideas about price
Lakshmundhada
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@goutham_45, Price is god. It discounts everything every news or anything. Even institutional investors depend on the price and technicals along with fundamentals
goutham_45
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@Lakshmundhada, agree to that ,but they dont use retail technicals FYI , they trade against your technicals. Whatever you use they know where you keep stops.
Lakshmundhada
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@goutham_45, No bro its not like that. They trade with the same technicals we use for trading if we know where to keep SL then also know where to keep SL because those investors learned the same technicals what we have learned.
And then comes the best part that is Mind Games which is trading Psychology.
Technicals, Fundamentals and Psychology and that's all.
pareenbaua
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@Lakshmundhada, institution have the power to break every single technical indicator. they have money power.
Lakshmundhada
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@pareenbaua, No, this is not correct. From wherever you are getting this info it's not legit.
Technicals depends on price movements and price movements are totally independent!!
Price makes its own way due to do psychology of investors and traders and then technicals.
Technicals, price movements and psychology are totally combined & inter-related to each other.
pareenbaua
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@Lakshmundhada, price movement is based on demand and supply for a particular security. institution can create huge demand or supply if they want. i agree price movement is independent and technical depends on price movement but i think this is only valid in commodities where no single institution can distort price since it is traded globally but in indian equity market this is not the case. i also agree psychology of traders do play out on charts but that pyschology is of novice trader only. novice traders are basically retail traders and do you think retail traders have a chance against this huge institutions.
Lakshmundhada
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@pareenbaua, No retail traders don't have a chance against this huge institution. institutional investors know where Demand and supply zones are then that same thing we also know. and that's why every small investor or trader by knowing the levels can make profit. So its just all about psychology that this is a demand zone let's buy, this is a supply zone let's sell.
So psychology and price movements. Same is used by Institutions.
Remember, price is god and technical only contributes to 20% of your trading success.