My $0.02 : You are correct "No system is fool proof", but it is irrespective of 'luck'!!! Luck may have its role in Stock trading but very minimal!!! Its discipline that matters!!! You chose to trade HCL tech but did not continue with it , left it mid way and after some time reentered at your 'will'!!!
In Bharati if you see the chart, it gave handsome profit in December, went long at 305 and did a high of 345!!! Yes it did whipped in the last trade but if one consistently trades it , there should not be a problem, atleast the past data suggests this!!!
Best is to study your favourite stocks historical chart and decide which ones to trade and then consistently trade them. My view is to collate the past trades and see how many times the stock gave a negative result on month to month basis (may be you will find none giving a negative result in any month) and avoid them and trade the others with a strong discipline!!! As Saint would say, remove the "I" from your trades!!! The system seems really robust and Excellent if traded consistently!!! Yes consistency is another attribute that will decide your profitability!!!
One cannot just jump into any stock to trade a system. We should have a look at the historical charts to see how the System is behaving on it and set our rules accordingly. In HCL Tech I find at a number of places the 3EMA crosses 15 EMA by less than a rupee and reverses direction. May be we for HCL Tech can have a rule to enter a trade only if the MA difference is >a rupee or take position above or below the Hi or Lo of the bar that gave the EMA crossover. Moreover, jumping from one stock to another also is bad way to trade. If you had gone on trading HCl tech than I see that a long at 324 went upto ~343, gave an exit, reentry again at ~331, add at 324 , went down max upto 39 and did a high of 371, and is still long. If TH would be trading it, he would have by now exited and reentered a few times bringing down his entry price andthe trade would end in fabulous profits.
In Bharati if you see the chart, it gave handsome profit in December, went long at 305 and did a high of 345!!! Yes it did whipped in the last trade but if one consistently trades it , there should not be a problem, atleast the past data suggests this!!!
Best is to study your favourite stocks historical chart and decide which ones to trade and then consistently trade them. My view is to collate the past trades and see how many times the stock gave a negative result on month to month basis (may be you will find none giving a negative result in any month) and avoid them and trade the others with a strong discipline!!! As Saint would say, remove the "I" from your trades!!! The system seems really robust and Excellent if traded consistently!!! Yes consistency is another attribute that will decide your profitability!!!
One cannot just jump into any stock to trade a system. We should have a look at the historical charts to see how the System is behaving on it and set our rules accordingly. In HCL Tech I find at a number of places the 3EMA crosses 15 EMA by less than a rupee and reverses direction. May be we for HCL Tech can have a rule to enter a trade only if the MA difference is >a rupee or take position above or below the Hi or Lo of the bar that gave the EMA crossover. Moreover, jumping from one stock to another also is bad way to trade. If you had gone on trading HCl tech than I see that a long at 324 went upto ~343, gave an exit, reentry again at ~331, add at 324 , went down max upto 39 and did a high of 371, and is still long. If TH would be trading it, he would have by now exited and reentered a few times bringing down his entry price andthe trade would end in fabulous profits.
