I cannot say I make profitable trades everyday.
But yes I follow my indicators! Once a stock matches all the indicators for a trade, I follow the 30 minutes religiously. In other words, i time my trade based on the overbought and oversold status of that stock in 30 minutes. When I find that another stock in my watch list has entered a favorable position for trading, I exit the current trade in whatever profit it is.
That way, I do not keep my positions for too long and I can use my margins across the list of stocks I have identified as potential trades. Also, I cannot sit and watch the trades for the whole day, so in the middle of my job, I visit google finance and check which of my potential trades is ready to rock. I enter that trade accordingly.
So on an average, I make 2K to 5K per trade. If I had waited for my target, I would have earned some 10K to 15K, but my job does not allow me to track the market from 9 to 3 continuously, so I hop around my basket and make shorter profits. And if a trade does not go in my favour, I exit on however higher loss I am in, because I am optimistic that the loss in a particular trade will be covered in some other trades.
Last but least, I have started earning after I learned and applied all these strategies in combination. Whenever I tried only one strategy, I always run into loss. My loss from 2005 to 2011-12FY stands at 14.5 lakhs
. So I have seen the worst side of the market too, which was the main reason for my serious venture into technical trading.
But yes I follow my indicators! Once a stock matches all the indicators for a trade, I follow the 30 minutes religiously. In other words, i time my trade based on the overbought and oversold status of that stock in 30 minutes. When I find that another stock in my watch list has entered a favorable position for trading, I exit the current trade in whatever profit it is.
That way, I do not keep my positions for too long and I can use my margins across the list of stocks I have identified as potential trades. Also, I cannot sit and watch the trades for the whole day, so in the middle of my job, I visit google finance and check which of my potential trades is ready to rock. I enter that trade accordingly.
So on an average, I make 2K to 5K per trade. If I had waited for my target, I would have earned some 10K to 15K, but my job does not allow me to track the market from 9 to 3 continuously, so I hop around my basket and make shorter profits. And if a trade does not go in my favour, I exit on however higher loss I am in, because I am optimistic that the loss in a particular trade will be covered in some other trades.
Last but least, I have started earning after I learned and applied all these strategies in combination. Whenever I tried only one strategy, I always run into loss. My loss from 2005 to 2011-12FY stands at 14.5 lakhs
. So I have seen the worst side of the market too, which was the main reason for my serious venture into technical trading.
are you a distant relative to einstien , then what about the replies, comments, discussion which follows your post , how to avoid it
if u have your own thread , then why dont you post in that thread itself , i am sure your followers will participate there too, then make a kichdi of this thread.
, then what about the replies, comments, discussion which follows your post , how to avoid it if u have your own thread , then why dont you post in that thread itself , i am sure your followers will participate there too, then make a kichdi of this thread.
I am providing the technical details of the positioning of a stock/index. By reading these technicals,
- The trader can be in a better position to decide if his trade will work or not.
- It will provide some hindsight on when the trader has to exit if the trade does not move in the favorable direction.
- By explaining more details, you will be able to understand the various strategies and visit those posts and learn them for your own benefit.
Anyways, I will stop posting my analysis in this post.
Enjoy trading!
Dear friend trade4putuval
Firstly the question of making profit in every trade is impossible please read it again what i asked is do your TA gives you profit consistently in the sense in a month/3 or 6 months/in a year
I honestly believe your statements but a trader who is more inclined towards TA have less chances of making consistent profits i am more than 99% sure of it .
My style of trading is different and it's very difficult to define some time i post my trade you can very well refer still it's on record i made consistent profit and i never disclose the quantity i trade i just say it is huge
I made my life simple in trading no hang overs of world market or other news based moves or any other parameters. I trade 3 to 5 times in a month most of it or option it is either for a day or two .. short trades i never had problem of carry forward long trades mostly for the day. Systematic way to book profit in percentage wise and i maintain very very strict SL. No way i go against it..
I just want to say a simple thing finally TA may be or even sure tool for a trader to use but that is not the only thing could earn profit for you..:thumb:
Firstly the question of making profit in every trade is impossible please read it again what i asked is do your TA gives you profit consistently in the sense in a month/3 or 6 months/in a year
I honestly believe your statements but a trader who is more inclined towards TA have less chances of making consistent profits i am more than 99% sure of it .
My style of trading is different and it's very difficult to define some time i post my trade you can very well refer still it's on record i made consistent profit and i never disclose the quantity i trade i just say it is huge
I made my life simple in trading no hang overs of world market or other news based moves or any other parameters. I trade 3 to 5 times in a month most of it or option it is either for a day or two .. short trades i never had problem of carry forward long trades mostly for the day. Systematic way to book profit in percentage wise and i maintain very very strict SL. No way i go against it..
I just want to say a simple thing finally TA may be or even sure tool for a trader to use but that is not the only thing could earn profit for you..:thumb:
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