Day Trading Futures

[kiran_thiru]

@Kiran_thiru

I agree with your words. Both of them do a lot of good to the members here. Hats of to both and many others here. :clapping::clap::thumb:

Now you may allow a little ad to your post: What ever indicator you trade on, nothing is perfect. To teach your eyes also to chart with out any thing, do charting day by day with out nothing. Do charting with out any indicator nor with out any other information. Just a plain chart with candles or bars. Do this for a few months just to find out if it may works for you with out nothing. What you will learn is some thing you never will forget in your trading career.

Have a most beautiful time and enjoy your live

yes sir. it is true. but without any indicator (even trend line too) chart trading is difficult for me as learner. it is little bit distance from my way to travel. i know i will have more experience and knowledge to reach that point. i will try my best. till then i took help with some indicators.

 

[XRAY27]

@Kiran_thiru

I agree with your words. Both of them do a lot of good to the members here. Hats of to both and many others here. :clapping::clap::thumb:

Now you may allow a little ad to your post: What ever indicator you trade on, nothing is perfect. To teach your eyes also to chart with out any thing, do charting day by day with out nothing. Do charting with out any indicator nor with out any other information. Just a plain chart with candles or bars. Do this for a few months just to find out if it may works for you with out nothing. What you will learn is some thing you never will forget in your trading career.

Have a most beautiful time and enjoy your live

iam great follower of Price action ... i simply go with it..because ..my entry will be much ahead of indicator entry which ..increases the my earlier entry and exit...idea's

Added Pratap sir AFL... but my entry will be through PA..only..for me Price action is the ultimate reflection of psychology and risk management capacity increase to a great extent with it...

just shared my setting with you guys after all this is the property of Traderji

 

[amitrandive]

@kiran_thiru

I too am a silent follower of your Trading Diary and Day Trading Futures thread.I just wonder how you are able to trade both equities and commodities at the same time :clapping::clapping::clapping:

@Dan
Also agree with that No indicator is sufficient to get us good trades.It is our trained eye and wisdom applied which gets us good trades.

@manishchan
Totally agree , even if we have a huge collection of AFL's there is no use.Even if we follow only AFL diligently,that will make us a lot of money.
Also a great thanks to you for "Pressing" the Thanks Button in all of my posts.It really motivates me to post more.
:clapping::clapping::clapping:

Dear Fellow Traders
Let us all support each other , Grow and help others grow as well.

 

[Somatung]

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[Smart_trade]

AFLs,Methods,systems are all fine but once they identify a trade, trader has to take that trade, risk part of his capital on it and try to maximise the returns on that trade. When he takes a trade, he does not know whether that particular trade is going to be a winner or a looser.

I talk to many traders and find that the traders fear to pull the trigger and take the trade and always think that ok...let me observe it for some more time....and the trade moves in favour, now the entry becomes still more difficult and they miss the move. Why does this happen ? It is because of fear of loosing money and that comes when we make some money ,we loose some money....but if we make larger amount when the trade goes in your favour and loose smaller amount if the trade goes against us, then that fear of loosing will reduce to a great extent. We will be convinced in our mind that even if this trade or even the next trade looses, I will make all that back and much more in my winning trades...this will give confidence to pull the trigger and take the trade.And with that the trader takes a big step towards becoming a successful trader.

Smart_trade

 

[Somatung]

AFLs,Methods,systems are all fine but once they identify a trade, trader has to take that trade, risk part of his capital on it and try to maximise the returns on that trade. When he takea a trade, he does not know whether that particular trade is going to be a winner or a looser.

I talk to many traders and find that the traders fear to pull the trigger and take the trade and always think that ok...let me observe it for some more time....and the trade moves in favour, now the entry becomes still more difficult and they miss the move. Why does this happen ? It is because of fear of loosing money and that comes when we make some money ,we loose some money....but if we make larger amount when the trade goes in your favour and loose smaller amount if the trade goes against us, then that fear of loosing will reduce to a great extent. We will be convinced in our mind that even if this trade or even the next trade looses, I will make all that back and much more in my winning trades...this will give confidence to pull the trigger and take the trade.And with that the trader takes a big step towards becoming a successful trader.

Smart_trade

Dear Smart_trade

Could you kindly move on and leave the basic part by entering the MM and Risk Reward part. Would appreciate any words from you in this direction, as most here is only about charts and what ever strategies, but absolute less about MM, RR and RM which is the real crux in trading. Discussions about those topics are very rare here even it more or less should go most of the time in that direction. Take care

 

[DSM]

Well said ST. This is the essence of trading. No indicator or even a PA chart is going to be a 100% certainity - It is only a probability that the trade will work out. And so, the only way to make money in the long run is to ensure that winnings are larger than losers, and this can be done by letting winners run, while cutting out on losses.

if we make larger amount when the trade goes in your favour and loose smaller amount if the trade goes against us, then that fear of loosing will reduce to a great extent. And with that the trader takes a big step towards becoming a successful trader.

Smart_trade

 

[Smart_trade]

Dear Smart_trade

Could you kindly move on and leave the basic part by entering the MM and Risk Reward part. Would appreciate any words from you in this direction, as most here is only about charts and what ever strategies, but absolute less about MM, RR and RM which is the real crux in trading. Discussions about those topics are very rare here even it more or less should go most of the time in that direction. Take care

Yes Somatung, MM ,Trade success rate,Reward to risk ratio and trade management is far more important than the entry methods/techniques.These factors decide the success and failure of a trader.Posted the above post because even today talked to traders and asked if they took the long trade ,the answer was no...I waited....because of this this this reason.As if traders look for excuse for not taking a trade .

Smart_trade

 

[cloudTrader]

Dear Smart_trade

Could you kindly move on and leave the basic part by entering the MM and Risk Reward part. Would appreciate any words from you in this direction, as most here is only about charts and what ever strategies, but absolute less about MM, RR and RM which is the real crux in trading. Discussions about those topics are very rare here even it more or less should go most of the time in that direction. Take care

Absolutely true . 90 % of the traders are almost caught unawares of this lifeline combination when they first realise that they have learnt the trading methods extensively but still they are either losing money or just being able to break even.

Regards.

 

[vishal7176]

@ ST dada ,

maine suna hai ki trader ki meeting mumbai me hoti hai ...jaha pe sab trader jama hote hai aur ..disscussion hoti hai .

is it true ....??

if yes then please give me address or clue to meet all traders .

thank you .