Intraday profit system

[4xpipcounter]

Smartrade made a point about biases. This is where biases come in at that we cannot get away from. Our methodology is created to interpret that market movement. The bias comes in when we see those patterns and price reactions and act accordingly. If our interpretation through the filters we created is correct, we make money. If it is not, we don't.

Same goes for the technical, all the levels we derive /get or patterns we identify are just the background, how does the price actually react to all that is what gives us the cue to how to trade it further. . .

Thanks

 

[Debarghya Mukherjee]

As usual you made me happy again by this comment
"bottom line is that you are winning in your trading consistently"
This why I am collecting stones in the sea side.
And I am taking helps from guys like My dear friend Paul who is doing this for long long time.

Debarghya, bottom line is that you are winning in your trading consistently. There has been a lot of candor being shared about markets being fixed. It all still comes down to the question, "Is the equity in my account higher than what it was last month at this time?"
Also, if those economic indicators help you in making a profitable trade, who is going to find fault. My view is simple (At least I think it is--lol.). If it helps me in my trading to make a profitable trade, then I'll use it. If it doesn't, then throw it out.
I honestly do not know how to interpret that data in advance in order for it to help me in my trading, which is the only reason why I don't use it.
I loved your final point: "At the end we all are same breed, TRADERS and human also."

 

[4xpipcounter]

Debarghya, we're internet friends. I have many close friends in the area I live. It has been proven so much that friends are looking out for each others success.
I made the very blunt comments about the market being fixed because I want you to always have total control.
OTT, let's work together to see how we can help and improve each others trading.

As usual you made me happy again by this comment
"bottom line is that you are winning in your trading consistently"
This why I am collecting stones in the sea side.
And I am taking helps from guys like My dear friend Paul who is doing this for long long time.

 

[Debarghya Mukherjee]

Yes Paul we are internet friend and very good friend. And you have helped me lot in my system making. You advised me in different section of my trading style.
BTW I have started a new thread Paul.
Here is the link Please spend some times there and make comment. ok?

http://www.traderji.com/fundamental-analysis/63800-my-view-market-economy-debarghya-mukherjee.html

Debarghya, we're internet friends. I have many close friends in the area I live. It has been proven so much that friends are looking out for each others success.
I made the very blunt comments about the market being fixed because I want you to always have total control.
OTT, let's work together to see how we can help and improve each others trading.

 

[4xpipcounter]

Debarghya, fundamentals are out of my league. It would be hard for me to comment on something I have no inclination towards.
Don't misunderstand me. I find no fault with anyone that uses them. In trading, the only thing I have eyes for are my charts.

Yes Paul we are internet friend and very good friend. And you have helped me lot in my system making. You advised me in different section of my trading style.
BTW I have started a new thread Paul.
Here is the link Please spend some times there and make comment. ok?

http://www.traderji.com/fundamental-analysis/63800-my-view-market-economy-debarghya-mukherjee.html

 

[letsgrownow]

DAY TRADERS ALWAYS LOOSE MONEY

As we explained earlier, day-trading is one of the dumbest jobs there is: According to one academic study, 4 out of 5 people who do it lose money and only 1 in 100 do it well enough to be described as "predictably profitable."

Most of the folks who do it, in other words, would be far better off working at Burger King.

As is often the case when we bring up these facts, some readers screamed. One said that our brain-damage was made patently obvious by the fact that Wall Street professionals day-trade all day. If day-trading were so dumb, then why would professionals do it?

Here's what that particular reader is missing:

Most Wall Street traders get paid to day-trade other people's money.*

That's a huge difference compared to what most stay-at-home day-traders do.

The average professional trader gets paid somewhere between 1% and 3% of assets per year just to trade those assets all day. The average hedge-fund trader gets paid another 20% on top of that for any "gains" he or she makes (regardless of whether the gains are the result of the trader's trading or the bull market).

The average stay-at-home day-trader, meanwhile, trades his or her own money. And while many of these traders do fine on a gross basis (before costs), once the costs of this trading are deducted (commissions, taxes, research and information, time), their performance is usually downright awful.

The reason so many professionals day-trade, in other words, is that getting paid to day-trade other people's money is one of the best businesses in the world.

Day-trading your OWN money, meanwhile, is one of the worst.

As this is my Intraday Trading system Thread and many if us here, who has done Intraday trading successfully, Why these DUMB guys makes articles like this in highly esteemed news media like ET, Bloomberg, CNBC, FORBES etc?

I fully agree with Debarghya Mukherjee....

I have lost approx Rs. 1.75 lakhs in Intraday Trade and Now after shifting into Short Term and Positional Treading pattern I am earning Rs. 30000-45000 per month on Rs. 100000 investment..... Earlier Also I was doing tread in NIFTY Fut and CALL-PUT Intraday and Today Also I am Doing Treading in NIFTY Future....

As per me Intraday Treading is Financial Suicide ...... It will only erode your money nothing else...

 

[NiftyIndiaCalls]

I totally agreed with you Debarghya!!!

 

[NiftyIndiaCalls]

Hi letsgrownow
Can you explain how you are doing short term and positional trading only with Rs 100000

 

[4xpipcounter]

NIC, we have a lot of newbies reading these posts. Can you elaborate on what you "daytrading will always lose money"?

For the benefit of the newbies, I daytrade and do not lose.
Okay, NIC, the floor is yours.

I totally agreed with you Debarghya!!!

 

[Debarghya Mukherjee]

Please everybody express your total view on Day Trading. How this is bad or how this is good.
If you have lost money then what was strategy. We don't not want to humiliate you, I mean no need to share amount you lost.We just want to inform our new traders, how they can benefit from day trading or what are the mistakes they can avoid.

I fully agree with Debarghya Mukherjee....

I have lost approx Rs. 1.75 lakhs in Intraday Trade and Now after shifting into Short Term and Positional Treading pattern I am earning Rs. 30000-45000 per month on Rs. 100000 investment..... Earlier Also I was doing tread in NIFTY Fut and CALL-PUT Intraday and Today Also I am Doing Treading in NIFTY Future....

As per me Intraday Treading is Financial Suicide ...... It will only erode your money nothing else...