NIFTY 50 future TRENDS

[EagleOne]

Same league Bro. i did all with TA /trading technique /physiology so on nothing worked at least for me.
I accept i purely speculate nothing else
aam ka ped ki neache se pathar fheka mila tho aam gaya tho pathar
i play the martet that way agar galthy hogaya paisa gaya what i consider is bearable loss doobne thak paisa nahi daltha hoo because i learnt that lesson before.
pls. note i am not against TA or chart you guys are doing great job something to learn from here.

You don't have to accept, bro. It is a fact. It is pure speculative business we deal in. We all are sattabaaz. And it is not something bad or negative. Rather 1000 times better than being a doctor or teacher, judging by the way they are into daylight robbery business nowadays.

And you are not the only one who finds himself confused about this whole mumbo-jumbo. Most of us are, but try to put up a brave face in public.

Nor you have to be regretful in not getting anything out of TA. The crap that is being popularized around as TA, there is nothing to get out of it but crap anyway! Let me be blunt right on. I have yet to come across a single guy around till date who knows even A B C of proper TA! I know this statement will hurt many a ego, but it is my personal opinion and I will be damned if it ain't true for me!

Do you think making head or tail of CE/PE OI data is real TA? Or assigning S&R levels around pivots is? Or drawing a few dotted lines through crossing MAs? Arrey, yaar, do you know how highly-guarded, highly-prized profession it is? If you knew, you would know trading is like labour job compared to the job of an architect!

What you see around and think as TA, is basically a shite! 'Tea-leaves' Analysis, as a TJ member once said! A bunch of educated guesses - 'Either-Or' statements with useless college degrees! An honest toss of coin in the name of your favourite god/goddess before a trade will bring you more profit in the long run, believe me.

And you still go through hell everyday in trading because you believe in popular trading ideas which basically presume a solid money management and +ve expectancy of RR ratio for their success. And that presumption is the biggest killer of majority of the ledgers. Reason? A sniper's discipline and patience is being presumed in the majority of us who spit and pee without giving a second thought to their surroundings! Go figure...or ask Ravi. Or ask 3 TJ friends of mine who are in daytrading for years, and were honest enough to tell me that they are nowhere near covering their early losses - leave aside the dream of becoming rich through stock trading. That is, despite their profits they are still in net loss! (I am no better either after a year or so of daytrading). Thing is, if one Saint or one ST makes it in daytrading, thousands fail. Because those thousands are foolish/lazy enough to blindly follow/copy others instead of doing some hard work in finding their own style as per their individualities. And that is true - as hard as nail. Like it or not...
You know, there are still some memebers who've been around since Saint's time, and in their present posts some of them still come across as struggling ignorants as during that time.

Talking of Saint. Now we all secretly want to be as cool and successful trader as he is, don't we? But somehow aren't able to. You know why? Psychological compulsions and pressures. Saint doesn't/didn't have any to put a drag on him. As far as I know he started in trading business 8 years ago with the capital around 25 lakh (Some of us want to make it big like him with one-tenth or one-hundredth of that amount - that too 8 years later - imagine!). Before that he's a successful doctor who studied at one of the most expensive medical colleges. He came from a quite well-to-do family. And on top, when I read his posts he comes across as a person having a natural philosophical bent of mind, which indicates a first-rate disciplined intellect. Now add all these up, and you will know what I mean when I say that all mind's failings start with this lazy belief: If he can do, so can I.

...(And, oh, if you're wondering what real TA is accroding to me. Sorry, jhonny, I ain't telling nobody never never. You gotta figure it out yourself ...Besides, I gotta make money with that, you see. )

More important, we should see if those people still trade ;-) Any survivors?

[EDIT/ADD] We should start a new thread ... "Kahaan gaye woh log" and link to those posts !

We'd better start a radio staion for them. Saying : ye Paatal vaani hai' instead of 'Aakashvani hai' :lol:


OK, guys, I am taking leave of you for a few days. See you around. Bye for now.

 

[Smart_trade]

More important, we should see if those people still trade ;-) Any survivors?

[EDIT/ADD] We should start a new thread ... "Kahaan gaye woh log" and link to those posts !

There are many who not only survived 2008 downtrend but also doing well and multiplied their capital many times since then playing uptrends and downtrends both and not getting attached to any bias.... many are still trading , they may not be posting very actively though.

Smart_trade

 

[sanjosedesi]

There are many who not only survived 2008 downtrend but also doing well and multiplied their capital many times since then playing uptrends and downtrends both and not getting attached to any bias.... many are still trading , they may not be posting very actively though.

Smart_trade

Thanks ST. I am sure there are many who survived, and there are many who quit. I am way behind in my archives reading ... will figure them out slowly. Maybe plan a survivors (or everyone) reunion gala ;-)

The one thing from the previous post (E1s) which I find interesting ... real TA vs fake TA (or industrial strength vs labor class TA) ... anyone want to hazard a guess? I think E1 bhai is overtly paranoid about HFT, probably wrote some algos for them in his earlier days ... sounds like the terminator movies ... I never knew my creation will end up like this ;-)

 

[Stock trendy]

There are many who not only survived 2008 downtrend but also doing well and multiplied their capital many times since then playing uptrends and downtrends both and not getting attached to any bias.... many are still trading , they may not be posting very actively though.

Smart_trade

Few years back I worked as a Branch Manager for a renowned Broking company i had seen many many people have lost huge amount of money never recovered
This is a very True story. A colleague of mine had spent big amount of money and learnt TA from a person in Mumbai. He took up Franchise of a Brooking company and started his business a year ago. On 31st DEC. 2011 he committed suicide Hung himself in his office. Later I learnt that he owe more than 30 lacks to 6 people promised them of big return in commodity trading which he lost every thing during that big fall recently. Very pathetic a young life (28Years) lost, many reason can be attributed
Without any doubt its very painful and toughest business known to the mankind.
I am not denying some wise people making money the ratio on the positive side may be some fraction.

 

[sanjosedesi]

Few years back I worked as a Branch Manager for a renowned Broking company i had seen many many people have lost huge amount of money never recovered
This is a very True story. A colleague of mine had spent big amount of money and learnt TA from a person in Mumbai. He took up Franchise of a Brooking company and started his business a year ago. On 31st DEC. 2011 he committed suicide Hung himself in his office. Later I learnt that he owe more than 30 lacks to 6 people promised them of big return in commodity trading which he lost every thing during that big fall recently. Very pathetic a young life (28Years) lost, many reason can be attributed
Without any doubt its very painful and toughest business known to the mankind.
I am not denying some wise people making money the ratio on the positive side may be some fraction.

Very sad to hear that, but failure in business is a very likely probability ... in any business. Not all businesses survive. The biggest falls are when you over-reach, same as this person you talk about.

The survival in trading is probably the same hit ratio as any business ... the mantra is to reduce risk and try, try and try again (or learn / try, learn / try, learn try).

 

[sanjosedesi]

if you're wondering what real TA is according to me. Sorry, jhonny, I ain't telling nobody never never. You gotta figure it out yourself ...Besides, I gotta make money with that, you see. )

E1 bhai. sorry to say, but sometimes I feel you know as much as us, but mask it well ;-) In my years of management, one lesson I learnt (or was taught) was that you always put the issue back on the person raising the issue, you can talk your way out through most of them. Same pattern I see here ... I do not want to see your ledger, I do not want to snoop around your computer and see your trade setups, I do not want you to start a thread to teach mere mortals ... this is not a passive aggressive way to get details, but just an observation.

OK, guys, I am taking leave of you for a few days. See you around. Bye for now.

Have a good time.

 

[sudoku1]

Few years back I worked as a Branch Manager for a renowned Broking company i had seen many many people have lost huge amount of money never recovered
This is a very True story. A colleague of mine had spent big amount of money and learnt TA from a person in Mumbai. He took up Franchise of a Brooking company and started his business a year ago. On 31st DEC. 2011 he committed suicide Hung himself in his office. Later I learnt that he owe more than 30 lacks to 6 people promised them of big return in commodity trading which he lost every thing during that big fall recently. Very pathetic a young life (28Years) lost, many reason can be attributed
Without any doubt its very painful and toughest business known to the mankind.
I am not denying some wise people making money the ratio on the positive side may be some fraction.

http://wap.business-standard.com/storypage.php?id=0&autono=164867

 

[Smart_trade]

A bit off topic but since a few things are discussed above, I thought I may share my views here .....

1) Though I trade entirely on charts, I find that TA or charts is not a masterkey to trading success...charts help you in getting a decision support system which tells you what action to take when markets do something....but these are probabilities and though will work most of the times, the bad news is they dont work 100 % times...so be prepared with your action plan when trade does not work out.

2) The scared money never wins in the market. If you are trading with a capital of Rs 1 Lakh or less and you have to support the family/household, then your chances of success are very low as you have psychological compulsions to make certain amount of money.....I started trading on small amount as trading capital and I know the struggle I have to do to support the house, add in my trading capital.....the chances of success are less than 2 % if you are trading on shoe-string budget.

3) Trading successfully requires a lots of other stuff such as sound knowledge about reward/risk ....,edge of your system,your own temporamental set up, time frames.....which come by lots of thinking which the trader has to do himself....no readymade solutions here....

3) Most traders fail because they trade timeframes or the style which is not in harmony with their mental setup. A trader who is not quick to react and if he starts daytrading...he will be miserable and will have plenty of mental stress which will lower his trading performance further.

4) Timeframe and analysis mismatch.....this is one of the main cause of failures.I have seen daytraders analysing weekly and monthly trends and if a short trade is triggered on a system, he will not take it because the weekly is in uptrend.....in fact as a daytrader he should be worried about trend on hourly timeframe or atmost what daily is doing.....

5) Ability to scratch the trades......this is very important to get out of your trades if they are not working out and not keep holding till the stoploss is hit. I just a week back compared performance of two good traders trading on exactly same method. One trader will get out of the position if the trade does not work out, with a small loss and not wait for the stoploss to get hit ...and his performance was far superior to another equally competent trader who will stick to the method rules and get his stops hit....both had nearly same entries on same method, but the performance was very different. This is a real trading example....but please dont misunderstand that I an suggesting not following the system but there is a subtle difference in doggedly following a system and quickly getting out, this will come by experience only....

6) Lastly by reading books, forum posts, systems ,TA etc one does not learn how to trade profitably.....either the trader has to figure that out himself or be in group of successful traders and find out how other successful traders do it . This is an alternative to mentoring as it is very difficult to find a successful trader who will spend time for mentoring others.....the peer group will work great in this area....

Just thought of sharing a few thoughts....

Smart_trade

 

[timepass]

http://wap.business-standard.com/storypage.php?id=0&autono=164867

Oh yes.. now they have found a new bakra in JP Morgan.. condemnations, inquiries and down ratings etc..

...........
Fitch Ratings cut JPMorgan's debt ratings a notch and put all of the ratings of the bank and its subsidiaries on negative ratings watch.

While Fitch saw the size of the loss as manageable, "the magnitude of the loss and ongoing nature of these positions implies a lack of liquidity," the ratings agency said.

"Fitch believes the potential reputational risk and risk governance issues raised at JPM are no longer consistent with an 'AA-' rating," it said.

Standard & Poor's put JPMorgan and its banking units on a negative outlook, but affirmed its current ratings...........

http://finance.yahoo.com/news/jpmorgan-2-billion-loss-hits-005556287.html

 

[vikrit]

OFF-TOPIC POST
my this post not having anything related to nifty50 or sudoku's levels. if looking for those you can skip.

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As far as I know he started in trading business 8 years ago with the capital around 25 lakh (Some of us want to make it big like him with one-tenth or one-hundredth of that amount - that too 8 years later - imagine!). Before that he's a successful doctor who studied at one of the most expensive medical colleges. He came from a quite well-to-do family. ............
........................
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hmmm.. good assumptions!! that's why we indians considers as fools, and Co.'s sell mediocre quality things/serivices at higher price. for most of indians expensive means best/better. maybe he studied in best medical school, maybe he was having 10 times of capital you mentioned, so what???


Arjun trained by best and royal teacher of that era, still Eklavya who trained himself without having great facilities was better archer than Arjun.

When need to cut potato, knife works; but for human head sword works. To kill a man from top of fort, arrow works. Basically all three have something in common - sharpness.
What matters knowing what will be right tool according to conditions and learning how to use it.

...........

Talking of Saint. Now we all secretly want to be as cool and successful trader as he is, don't we? But somehow aren't able to. You know why? Psychological compulsions and pressures. Saint doesn't/didn't have any to put a drag on him. ................

And on top, when I read his posts he comes across as a person having a natural philosophical bent of mind, which indicates a first-rate disciplined intellect. Now add all these up, and you will know what I mean when I say that all mind's failings start with this lazy belief: If he can do, so can I.

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agree 'Psychological compulsions and pressures' are one of the reasons for failure, second one is 'laziness'.

definitely, studied at a professional college for a profession which require psychological balance and hard work, would have helped. Important is to get trained either by somebody or self.

OR you wanna say he was 'born trader'.

...................... Let me be blunt right on. I have yet to come across a single guy around till date who knows even A B C of proper TA! I know this statement will hurt many a ego, but it is my personal opinion and I will be damned if it ain't true for me!

...(And, oh, if you're wondering what real TA is accroding to me. Sorry, jhonny, I ain't telling nobody never never. You gotta figure it out yourself ...Besides, I gotta make money with that, you see. )
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Sorry buddy, but you will not come across ever, b/c whosoever knows even 'A' of real TA, will not going to tell anybody never never. :lol::rofl:

btw, you didn't come across to Saint, or you don't consider him too??. (asked b/c you seem to impress by him, and also never said anything negative publicly)