My daytrading

[Raghavacc]

MOBILE HERDS

The next group of herds belong to "Mobile herds".

It all started in 2003 when a reknown company in its endeavour to capture market brought mobiles costing Rs. 500/- to the market.All herds bought that 3rd class handsets to join the grade of "Mobile owners".

Now this concept called mobile, instead of becoming a facilitator ,has become a menace.

A college boy who does not earn a single paisa wants mobile worth 25K.A daylabourer whose earning does not exceed 100Rs/per day wants a mobile worth 15000/-.

After all what is a mobile.It is a way of communication.Its mobile because you can carry the phone to wherever you go.Thats it.However now it has become a thing of prestige.A person without having a fancy mobile is considered as worthless.

Any instrument ,if used appropriately becomes an advantage.However here people have made it a menance.Handset manufacturer's bring new model every 2nd day and people make a beeline to mobile shops to buy it.Then mobile operators bring a new plan with lowered call rate every 2nd week.X mobile to X mobile free,10 paise per minute,5 paise per minute......so on.

Starting from house to streets, to bus to train to office to parks everywhere people talk..talk...talk.... they do not know what they are talking.they do not know whether its necessary..They do not know how distrurbing it can be for others....

The owner of a famous transport co was attending a function and he was accompanied by a famous editor of a news magazine.

This editor found that this transporter is using a second hand mobile set.He asked"Arrey.. you are a owner of a 350 crore group and you make use of a second hand mobile set.Very very funny and surprising.This transporter replied"For me the mobile is only a means to communicate with other person.Nothing more ,nothing less".

Yes.Today's world needs speed.Mobile is unavoidable.That does not mean you have to spend 20 k when your Income is 5k.That does not mean we have to waste our time and disturb others by talking talking and talking.....
When I walk on the roads ,its difficult to make out who is nuts and who is fair...!!!
Both manufacturers and mobile operators have made and making enough business of these herds.The amount of money these companies spend on marketing their products and services respectively is mind boggling......

that day is not far when a customer care executive of a mobile company calls you on the day a new baby is born and says "Sir we have a wonderfull plan for you.Please leave your address with us.Our "SIM Doctor" will visit your place and have the "SIM VACCINATION " to your baby.By 6 months your baby will have an inbuilt mobile sir.Sir the SIM has life time validity"!!!

 

[Raghavacc]

Nifty today -5 Min chart

Nifty today -30 Min chart

What a newbie will do? He logs in to Traderji in the morning and looks whether some one has posted any "New System". Also he sees whether they have posted any AFL for that system.

I reiterate here what ST bro has said in his other thread few days ago. If AFL can make money for you, 99% of the traders would have been billionaires.If the system can make money ,No trader in the world would have gone bankrupt.

Money is made in mind.I can just trade IB's and make money.Today's 30 Minute Nifty chart.Look at it.

IB's high is 5453.Low is 5442. What I do.Just put order on both the sides as soon as the IB forms. It catches order on on side.Put SAR on the other side of the bar.Does it take any stress?great mental work?

What is risk.Including filters max 15 Points to 18 Points.If any one gets time just make a homework.How many IB's we got last week and how much money it made.

The rule is simple.

1.Look for IB to form on 30 Min.
2.As soon as it forms,put orders on both sides of IB with small filter.
3.Once the order is caught on one side make the order on the other side as SAR.
4.If the price reverses our SAR is caught and we are in the trade.
5.What is the loss we incur if it reverses.Virtually Nothing....How many time it reverses? please do some home work.
6.What is R:R under this technique.... Only chart can tell.....Please do some maths on the chart.

 

[krish4166]

raghavacc,
You have cleared my doubts on todays trading.
pictures are sometimes better than words. GR8.
I will dfntely encash such kind of moves in future.

 

[krish4166]

raghavacc,
did u traded today on the above method ?

 

[Raghavacc]

raghavacc,
did u traded today on the above method ?

Krish,

2 things.

First ,Please call me Raghav.Acc came because of my earlier company.long back I have made a request to traderji to change my name from "Raghavacc" to "Raghav"in my avatar and appearance.No response so far.

Lagta hai ki Aaapun ko form bharna padega.......

Second ,I did trade Nifty on this method and have been following this IB since last few weeks since its range bound and trading on 5 Minutes takes lot of time and attention and stress in such markets.

This IB technique best fits my schedule as I can't keep on watching 5 Min chart continuously due to other schedules.This is a way for me to trade higher time frame by taking low risk.

 

[krish4166]

Raghav
Once again gr8 on your trading method and your observation

 

[balasoft80]

Hello Raghav,
Could you please explain bit about the 3rd point? I am not much clear

3.Once the order is caught on one side make the order on the other side as SAR.


Thank you
Bala

 

[Raghavacc]

So, how good is your education system ? Is it possible for older people to have good education, even at high schools ? What about for the workers. Do they have access to education out side work like courses or evening school classes ?

Hello Dan,

Its unfortunate that I have to tell this to you.Our education makes great Engineers,Doctors,Accountants. But it never makes a person honest citizen.The problem is everything here ends in "Politics". Thats enough to convey what I wanted to say.

Older people going to high schools?????

Only few people seriously take evening classes. There are lot of people in IT related companies who do part time MBA for getting promotion!!!For others by the end of the day they are half dead due to "Unhealthy"!! office environment,handling Excess politics in office and then traffic .If they have family, they are fully dead. Where is the question of evening classes.

I am a highly positive person.However in the name of positiveness I do not want to hide reality. I believe in accepting mistakes as that only leads to improvement/development.

 

[Raghavacc]

Hello Raghav,
Could you please explain bit about the 3rd point? I am not much clear

3.Once the order is caught on one side make the order on the other side as SAR.


Thank you
Bala

High -5453
Low - 5442

Place a Buy order of 1 lot above IB at 5453 + filter (say 3 points) = 5456
Place a sell order of 1 lot below IB 5442 + filter (say 3 points) = 5439

Once the long order is caught @ 5456. Place 2 lots as SAR @ 5439.Now what happens if price reverses?Your long order gets sq off @ 5439 (1 lot) and a short position of 1 lot is opened.Hence either way you get benifited with low risk.

Number of lots I have mentioned is hypothetical.That's it for the day .Catch you some time later.

 

[balasoft80]

Thank you so much for the prompt answer Raghav. I got the point. How many points is better to use as filter? Usually i thinking of using 1 point as filter. Thanks one second.