Re: Playing since 2005 lost 13+3 lacks
Thank you. The fact is I dont have any technical system. Really I dont know how to explain in what way iam buying and selling. let me try to learn.
Hi,
I am watching your thread.
Some inputs from myside.
First let me be very clear that I am not expert & I have also lost few lakhs in the market. But I have understood following from my experience. perhaps may be useful to you.
1. You need to have some system based on which you should trade then only you will be able to improve on your method.
2. System does not mean hi-fi softwares & lot of technical analysis. it could be as simple as moving avg.
3. I have gone through many systems on traderji none of them give 100% result but if you are at least right for 70% of time then you will end in positive mode.
4. I was also gambling earlier with lot more qty but at the end net result use to be negative. Hence now I am playing with only 1lakh of capital & trading in mostly in Nifty with 50k & another 50k for one stock(i have list of selected only 10stocks for my watchlist)
5. I have not invested in any software yet & using google finance till I get get expertise in any of system.
6. I will increase capital once am confident on system. till then my capital will be only 1lakh.
7 I like Three members in Traderji Savantgrade, Raunak Agarwal & Tradewithhunter(SH). Keep on reading their daily post which will help you in developing your own strategy.
8. Currently I am working on SH's 315strategy. I find it very simple as it deals with only EMA. No other complicated technical methods required.
http://www.traderji.com/technical-a...gy-how-use-if-effectively-174.html#post483450
Other threads for daily inputs.
Raunak's Thread
http://www.traderji.com/technical-a...-using-technical-analysis-281.html#post483590
Savant's thread
http://www.traderji.com/equities/31999-stock-futures-keep-close-eye-67.html#post483578
http://www.traderji.com/equities/10035-stocks-keep-close-eye-1215.html#post483604
http://www.traderji.com/equities/29292-stocks-keep-close-eye-chapter-ii-112.html#post481947
If you do not feel this is of any use to you then just ignore......
Regards,
Rahul