Thank you puneet aro for your compliments. Sorry for the late reply, I was more attentive in posting updates and in that I missed viewing your message properly.
Thanks for considering an expert, but I am not. TA is an ocean and Markets are far beyond, I am just a droplet. There is abundant knowledge which is yet to be acquired. First hand experience in the markets with real money gives the necessary edge required to trade or even invest in the markets.
Any amount of theory does not work here. It is Human psychology largely at play here in the markets. To me even paper trading does not prepare you well, nothing to beat real money experience. I don't mean that theory is not necessary, both theory and practical experience need to be balanced.
Going behind the mass market will not work, we need to have an edge. We should have our own unique approach to the markets. Have a fully tested trading system which exactly suits your psychological process. Then the discipline to follow that system without cross judging the signals. Of course even well tested systems needs to be tweaked few times to adjust market dynamics.
About the 3 times returns: Markets worldwide are very weak, no index for that matter is having strength to move up. This is the whole market scenario. But there are some Sectors and Industries which are shining bright even at these turbulent periods. One among them is the LUXURY goods sector, Jewellery etc. You can find TITAN here giving higher high every other and show no signs of tiredness.
Markets being weak in itself is a boon to us traders. Shorts give fast returns than long trades. It is said that bulls climb through the stairs while bears jump through the window. Today there was a regulation in Germany to ban naked short sales. What is the message from this news? The Governments across the globe are panic struck, the damage is caused with unbalanced growth. When the failure is showing up they are running for cover, but one after one the pile of mistakes are going to tumble down on them.
Already US markets made a similar effort when Lehman Brothers and Meryl Lynch collapsed making bears run amok in the markets. Short sale regulation became counter productive and markets saw renewed reason to fall again. Within three months from imposing the ban, they were forced to lift it back.
What does all these news provide? An icing on the cake, Just keep shorting markets, and know what you will laugh all the way to the bank. One mans difficulty is another mans gain, let the governments pay it out in their way, we shall make big time gains from their mistakes.
A single lot of NIFTY needs around 25K margin. We suggest you trade one lot of NIFTY with a capital of 1 lakh. If you are able to make 60 points per month as profit either long or short, you make 3k per month. This would give you 36% returns PA. Is this not a lucrative return compared to any benchmarks.
This can be achieved by just following some simple rules with discipline. There can be few months with losses, but that gets repaid in those months which have robust gains. A simple crossover system traded on Nifty has returned 150% gains for the year 2009-10. Isn't it amazing.
Put your heart and soul into any profession, you cannot but be successful and be in the top of your career. I believe you will grow to your genius levels in what ever field you take up.
Happy trading.
(I apologize that I was not able to spell check as I have to attend to market works)