Teach A Man To Fish And.........

[neomustdie]

@djsinha : thanks for your valuable comments. i have applied for membership and downloading data.. to verify... but i want historical data to see and understand long term trend atleast from year 2003... if any yhoo groups give more EOD upto 2003 then i would be much more than happy....

 

[Saint]

Hi master Saint,

Really appreciate your guidance in teaching us how to trade.. I have studied your thread and have this question: Could you elaborate on the difference between "swing" and "pivot"?? Thank you for your reply...

I don't usually use the word "swing" except to describe swing trading, etc........Googled it and,on a brief glance,found that the words may be different,but what was pointed to is the same.

Saint

 

[Saint]

Good insight Saint! Really for the last couple of days, I got frustrated trading the sideways market and getting stopped out every time. As I trade only the daily charts, I'm not getting anything attactive to trade. Well as outlined by you, I'll try to squeeze out everything. 'Coz as I understand, in a sideways moving market every tick does matter......and I need to be more careful to be with the flow till the very last.

Goodbye
Take care
Cheers
djsinha

Ah,daily charts.......that means after that fall,you got one trade on Feb 1st,stopped out on Feb 7th at Breakeven.....after which you have no more trades till date.You would still be waiting for 5368 to be broken before putting in an entry.

Would you like to share the trades taken on charts........Could help you with some info........only if you wish.

Saint

 

[djsinha]

Ah,daily charts.......that means after that fall,you got one trade on Feb 1st,stopped out on Feb 7th at Breakeven.....after which you have no more trades till date.You would still be waiting for 5368 to be broken before putting in an entry.

Would you like to share the trades taken on charts........Could help you with some info........only if you wish.

Saint

Definitely Saint. Infact it'll be a pleasure to share with you my trades and attract invaluable comments on those.
But as you've understood....that I trade nifty futures......it's not like that. Infact being a retail investor and a beginner in stock markets (I'm in the market for the last 4 months), I don't have that much skill or capital to trade in the F&O space. I just trade in equities.
I said whatever shares I was buying seeing the daily charts are getting stopped after giving me a meagre returns....that doesn't justify the efforts or the time I'm spending behind researching 'bout them.

Just wait. I'm in office now. Lemme get back home. I'm posting my trades with charts for your analysis.

Cheers
djsinha

 

[djsinha]

Hi Saint
As promised I've gien below some of my trades......Comments are added on these as to how I traded these counters.
One thing I must admit is that.....after these disasters....I'm waiting with cash now at hand......and waiting for a trend to emerge......as soon as trend catches my eye...I'll put up the sail and float in the raft.....going where the wind takes me.

Also I learnt that I should not trade whatever comes my way. When I'm 200% sure, should I put my money. And I need to do lots of paper trading....which will definitely add to my experience....and failure to make profit will make me investigate and enlighten me further.

Your comments and analysis on these are heartily welcome.
Cheers
djsinha

 

[djsinha]

@djsinha : thanks for your valuable comments. i have applied for membership and downloading data.. to verify... but i want historical data to see and understand long term trend atleast from year 2003... if any yhoo groups give more EOD upto 2003 then i would be much more than happy....

Go to www.************ and in the search section enter "bse nse data". You should get some hits giving you NSE data from 1994 and bse data from 2000 I suppose.
Cheers
djsinha

 

[djsinha]

Ah,daily charts.......that means after that fall,you got one trade on Feb 1st,stopped out on Feb 7th at Breakeven.....after which you have no more trades till date.You would still be waiting for 5368 to be broken before putting in an entry.

Would you like to share the trades taken on charts........Could help you with some info........only if you wish.

Saint

Yeah.....had I been trading nifty....I'd have waited for the high of 5368 to be taken out before placing my buy order.

 

[Saint]

Hi Saint
As promised I've gien below some of my trades......Comments are added on these as to how I traded these counters.
One thing I must admit is that.....after these disasters....I'm waiting with cash now at hand......and waiting for a trend to emerge......as soon as trend catches my eye...I'll put up the sail and float in the raft.....going where the wind takes me.

Also I learnt that I should not trade whatever comes my way. When I'm 200% sure, should I put my money. And I need to do lots of paper trading....which will definitely add to my experience....and failure to make profit will make me investigate and enlighten me further.

Your comments and analysis on these are heartily welcome.
Cheers
djsinha

Hi DJ,

Few points..........they can't have been disasters.If you had position sized well,shouldn't have been irked by two stopped out trades......so something not right somewhere as per position sizing.

Let's go chart by chart.............in Rallis,that first trade was on,you were trying to buy a decline in an uptrend.Nope to the 2nd trade.........no pivot breaks there......The dntrend was and is still in progress......meaning no longs.....If trade RALLIS you must,then wait and watch till an uptrend is formed.....and then back to buying declines,etc

All the best!
Saint

 

[jchshee]

hi master saint, thank you very much for your reply... really helps to get all the wording right so that we can reduce our guessing to minimal..

 

[djsinha]

Saint, I have some doubts regarding the exit you suggested in Rallis daily chart. I've attached the daily chart and my question is written in the chart itself.
Cheers
djsinha