Get started
UNITED SPIRITS LTD.UNITED SPIRITS LTD.UNITED SPIRITS LTD.

UNITED SPIRITS LTD.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options

UNITDSPR trade ideas

Evolution of price action trader: part 3PART 3: THE MARKET: “EXISTENCE AND REALIZATION” This is the third part of my series as “Evolution of price action trader”. I suggest you go through the first two parts for continuity. In the closing remark of previous article I had understood the goal of me as price action trader is to be, “The market”. If I am the market what make me exist?. The very essence of my living as market should be something like the heart beat for us, Lub.. dub….; Lub dub….. When I realized this simplistic concept, our life existence does not matter whether it is LUB or DUB, both are required, both are required in abundance, in harmony to each other; Extending this concept on me as “the market”, to exist as the market I need similar lub and dub and for my easy comprehension I named as “TIC…..DIP……”; TIC…. DIP….. And it does not matter whether you are now at TIC or DIP; I HOPE THIS CRAZY THOUGHT IS EASY FOR YOU TO FOLLOW. The harmonious lub..dub closely works with smooth breathing for us to live and enjoy this life. In similar way TIC.. DIP also works closely with smooth movement of the market. We shall dwell into that later. First things first… How do I realize the TIC… DIP …… is happening; what is parameter that I have to see whether the market is alive and kicking or dead. The answer is ORDERS AND ORDER FLOW. BIG FULL STOP. If the order flow exists, then market exists. If not, market is dead. The extrapolation of this fact is that, whenever you are in TIC mode, you exist as buyer character of market and whenever you are in DIP mode exist as seller character of the market. It is like two sides of same coin. Good and bad!!! As I realized, my next quest was to immediately know, “how do I know- how good I am or how bad I am or am I both sometimes”?? If both co-exist then how much of good is there in bad and vice versa? Is the hidden character that exist in my co-existence that identifies me?? Or it is the dominant character that identifies me? How to identify my character?? How do I know the strength of my character? And lastly how much is my will power to stay in my character? As I relate more and more to be like a market, I realize I have to understand deeper to have a flawless picture. I shall share with you the way I experienced all these in the upcoming articles. Signing off, Sathya nr
NSE:UNITDSPREducation
by SATHYANR
Evolution of Price Action Trader: Part 2Part 2: What is my goal as trader? I revisited my research question, why this market eludes me, what is this market…………. And it was then my ignorance again came to limelight; all through this years I was trying to capture this market. But this invisible market is actual made of traders like me. The invisible force that drives, that gives momentum, is made up me…. If that is so why should I chase…….. Why can’t I be the market??? If market is made up of me, however little I am (as a retailer), I am still the market; if so, then I need to understand myself so deeply, that the very essence of my existence should be the existence of the market. So I changed my thought process and said to myself that “I want to be the market and that is my goal” I did thought for a second , am I thinking crazy, arrogant to say that I am the market?? However with my firm goal to be “THE MARKET”, I started exploring further on this line of thought. The whole series of numerous questions that started bombarding my brain, which was very different from my starting point of “just making money as trader”. I should confess, I started observing my existence so critically that I started questioning myself what gives existence to me? How do I know I am alive? How do I know I am stressed? How do I know I am relaxed? How to I know when I am going to run?? How to know when will I return back? Is there any place for me to rest after returning?? if so where? The thoughts were running very crazily, but I was seeing very different perceptive, which I have not seen as price action trader. During this experiential learning process, all that I have learned is the same the basic fundamentals and terminologies, but the approach was very different and enjoyable, rewarding and made my thought process very clear at the end. While this experience of mine may be very very trivial for many professional and on this professional platform, still I thought I will share the same, for all the learned and professional to critically comment on the process. Further articles are useful only for beginners and not for seasoned players. Thanks for your precious time…… The thought process shall continue……… Signing off, Sathya nr
NSE:UNITDSPREducation
by SATHYANR
Evolution of price action trader: part 1What is my goal as trader? This is my first post in trading view community and in this series of articles i wish to share how i evolved as price action trader; the directions i have taken to reach my goal. I sincerely hope this may be of some use to like-minded persons those are who are in same shoes. Alright, being an investor in many financial instruments for many years, I wanted to try out to be an actual trader without any middle person in between few years back. When I formulated the thought of being a trader, as an ardent researcher and statistician, my first spark was what is my goal? How trading is going to be better than the investing, where I am already making safe and reasonable money through mutual funds and money management through different fund managers. The obvious answer was “I want to make more money!!!!” Being a trader. Simple answer. Genuine thought. I have learnt in my research field that successful outcome of any research is based on asking very very precise question. Nothing is more important than precise question; the components of the question. If it is misdirected, and It happens many a times, the answer we get may not reflect the exact thought process of us. The whole of the methodology to reach that end point will be based on our simple question. And normally the simple question has to converted to research question to get the most significant answers, both statistically and pragmatically. I am not going to take you through that process, but I am going take you through the experience of mine. There is no guarantee it will be useful to you When my goal was set as to make more money as trader, then- my thought process was, how to win every trade. How not to lose money, so I can make more profit. With this goal in my mind, irrespective of any strategies, indicators and combination of all efforts, my bet when ever placed was on wrong side many a times. I introspected; why is that so; may be something is fundamentally wrong. I thought the goal has to be tweaked. The moment I set my goal for money, all the rest of the components becomes less significant and even little loss from my goal, I become emotionally distracted and it was reflecting on my trading. so, I reset my goal to: “”I have to understand the market to make more money””. It was so ignorant of me not to have included the basic concepts to make more money in my mind map. So having defined the above goal, I went on learning all the components of influence the market, how to read the price action context; so instead of relying on various indicator and other tools which derive data from the actual price movement, I thought reading and understanding the actual price movement which is the price action trading will be more clear to reach my goal. Started exploring all the price action strategies, learnt from different mentors, so, as I was ready to achieve my goal; I observed I was much better than what I was, I was reacting very nicely on key levels to enter the market, chasing the market, trying to catch the market, and I did caught up with market and sometimes, I failed. I had made remarkable progress, and I introspected…… still some thing was missing, I was not perfectly confident, I was not at ease, trading was not like driving, relaxing, eating.” Trading was not becoming an unconscious effort, it was a guarded habit. So having realized that, I went back to my goal, to refine further………….. stay tuned.... signing off, sathya nr
NSE:UNITDSPREducation
by SATHYANR