hi friends good morning...... i m telling here something about trading..... how we got sucess.... and why we become looser........ so friends here most of big analisist and big inteligent person give lacture about trading and how to overcome of fear and greed etc all..... they all giving just lacture.....doing big big talking..... no one share them secreat of trading...... so first of all stop wasting time for knowing master stretegy from master..... see they never share secreat which they use in trading ok...... 2nd step try to find out some good stretegy from google and youtube .... and all other technical materials...... study all that basic thing...... 3rd is try to find out which stretegy or indicator or factor suite for you......... and then try to make ur own stretegy...... and follow that only..... see every person is not same all diff nature..... dont waste time for every time new things..... see life id dependent on trading who is full trader... so every time we use diff thing..... that is very risky for money..... so whatever you stretegy you make that follow by own confidence...... 4rth thing belive own self...... never see that wt is doing other trader..... ok .... if you see wt is other doing then that is just wasting time...... and you got lots of confustion.... 5th always beliive thing comming are the best trader of the wolrd ..... so no nagative thing comming in ur mind..... if no nagative thing comming in ur mind then no fear comming...... so ur trade going smothly and you are save ur self from taking bad decition ...... 6th is after trade make own trg... and when that comming book profit.... in marcket profit booking is must..... prfit is profit...small or big its ok... matter is that importnat .... we are not going to loss... thanks a lot have a good day...... hope may be anyone like my thinking....... har har mahadev .....shiv shambhoo......
1. First Minimise trading
2. Don't watch stock market every minute
3. Don't get panic immediately
4. Don't Initiate Trade without ur SL.
5. Don't follow everyone
6. Enter with UR Trading Plan
shiv_n
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@pk29121976, sir very nice advise....... hope in future you also participate in give ur valuble vuew here....
shiv2798
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Shiva , add little essence to your technical motivated message , Please provide at least how to select the Stock , Which stocks to be selected , is stocks selected by month wise or season wise
so that we can start following your valuable advise further
Please
shiv_n
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@shiv2798, sir i m not master like .... sorry sir i have no idea ..... pls follow ur own stretegy which is you use..... thanks a lot....
Imprimus
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@shiv2798, Hi, even i am not master, but one thing i have understood from my observation and which will never fail, true to any financial instruments. Market works on accumulation and distribution in simple words. Market participant create position and cover their position. And profit and loss is other part of the story. How to identify where is position creation happening and position covering happening??? Simple gauge, go for very high volume script/instruments and look for consolidation that means look for daily movement about 0.1% to 0.5% and then suddenly you see about 0.75% to 1% move after some days. Understand less than 0.5% is position creation and 1% is position covering. If you are at right side you make profit otherwise loss. Use any tool/strategy/indicators to identify which side (up/down) is the right side. Then Eat Sleep Trade Repeat. Same thing is going to happen over and over again. Patience is the key for this type of trading and have to act fast and precise when time comes, practice helps you to achieve that.
Tips= avoid top gainer and looser, all action is already done for that script.
Hope this fundamental idea might help you to create something new strategy to trade and make money.
You are right. N no of strategies and best is to follow one strategy and understand it's weakness and strength and trade for small losses and big profits. Only mantra but difficult to follow. Only strong determination and patience required.
It was rightly said that stock market is a platform for transferring money from impatient traders to those with patience
Happy New financial year
2. Don't watch stock market every minute
3. Don't get panic immediately
4. Don't Initiate Trade without ur SL.
5. Don't follow everyone
6. Enter with UR Trading Plan