Shall I Continue this?

[Vageorge1972]

good , you have to put stop loss

 

[Deeplooser]

I never know three is any system like that, I just follow with my brokers tips and buy/sell according to my margin, Even some day I do trade for 30 lacs occur the loss of 4000rs, even any of my stock never went to the favor of me

Please help me to how can i put system , what kind of system and how can i decide my quantity

 

[munnabhai208]

There are so many systems are discussed in TJ...........

Select any one ,which is comfortable with you and paper trade for couple of weeks......

If you are satisfied .....Then put your real money.........never depend on tips .....

 

[vssoma]

dear,
choose one system first then start paper trade with that for one week, when you feel you are doing well then start real trading with real money. just remember one thing....never give up your system just follow blindly....if you have any doubts, our seniors are here to help.....if you are thinking to choose system and for your choices...just browse the forum...you'll find a lot.

now i am following 'CCI' system. if you want to check, here it is....

http://www.traderji.com/advanced-trading-strategies/37560-woodies-cci-trading-system.html

good luck...

 

[richo]

First please change your nick.

You are very new, there is long way to go. Even after 2 years of trading I find it difficult to adopt to a system. You need to first identify what system of trading is mentally comfortable to you. Paper trading will get you some experience, but while on live, its altogether very different thing then only you feel the emotion, fear & greed factors which are very dangerous and hard to control.

Please take note of the following.

You have to build your own system with the help of the already available systems, because only you have to decide whether that system is comfortable for you or not.

Be prepared for trading both Long & Short. (initially people always go for long and they never try Short trading)

You should know your stop & partial exit before entry

You should also know when to Stop and Reverse Your position

There is lot more to learn keep browsing TJ whenever you have time.

Hope this help

Richo

 

[vinodkiyer]

Deeplooser,

1. first of all u must change your nick name to one with positive attitude.
2. when brokers give you tips, they mostly are interested in generating brokerage more than see you in profit.
3. you must have charting software like "amibroker"
4. you must have realtime data feed to amibroker
5. you must select a formula for amibroker with which to trade. In traderji itself there are thousands of formulas which you can download, study them and select one to suit your style of trading.
6. the formula must give you entry, exit, stoplosses and quantity to trade which u must studiously and strictly follow.
7. you must have an account with a brokerage who gives you the competetive brokerage

 

[vinodkiyer]

deeplooser,

i may be able to help you in guiding if you PM me with your email id

 

[vssoma]

deeplooser,

i may be able to help you in guiding if you PM me with your email id

dear,
if u don't mind, let us know how r u going to help. cause, it'll help us all.
thank you,

 

[vinodkiyer]

basically meant for deeplooser as he seems totally at a lose, maybe i can tell him how to go about it

 

[vinodkiyer]

vssoma,
pm me if u also need intraday methodology which i follow.