hi andal,
i am not picking on you.
the idea that you are not technically qualified (in tech analysis) and thats why you are not winning is itself wrong. we indians are very knowledgeable and if your theory is correct, then 100% of the traders should win. most of the trend following indicators will catch the trend correctly, but then it makes a counter trend to shake off the weak hands.
so you will be right most of the time in your trend direction and will still loose money. this is where money management and re-entries come into the picture.
resistance and support work but we dont know whether a resistance will break and support will hold, till it price reacts to it. sometimes resistanc/support will bounce only to continue again in the original direction. so rather than concentrating on your convictions and predictions, if you start looking it in progressive way, then you are really improving.
concentrate on the process, if this happens, i will do this and if that happens i will do that, progressively towards your goal.
i am not picking on you.
the idea that you are not technically qualified (in tech analysis) and thats why you are not winning is itself wrong. we indians are very knowledgeable and if your theory is correct, then 100% of the traders should win. most of the trend following indicators will catch the trend correctly, but then it makes a counter trend to shake off the weak hands.
so you will be right most of the time in your trend direction and will still loose money. this is where money management and re-entries come into the picture.
resistance and support work but we dont know whether a resistance will break and support will hold, till it price reacts to it. sometimes resistanc/support will bounce only to continue again in the original direction. so rather than concentrating on your convictions and predictions, if you start looking it in progressive way, then you are really improving.
concentrate on the process, if this happens, i will do this and if that happens i will do that, progressively towards your goal.
I am just getting started in this field and learning how to analyze charts. Above charts are posted only for informational purpose based on the stocks listed under the scanner created by @sanju005ind sir.
I am currently not trading as I hardly have any basic knowledge of it. Still a long way to go before I initiate my first trade.