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

[citrus]

Ah,Citrus,..........no absolutely right answer to that one.

I am an "eyeball" sort of person,meaning I gotta visually scan before taking a decision........I basically go through the whole lot in the weekends,from where I choose the juicy ones for the week.And those,I visually scan everyday and get the entry points,exit points,stops,position size,etc.......then I am ready for battle for the next day.Ready to use my eyes and shut my thinking....

How many stocks?As much or as little as you can.....basically your call.

You really ought to ask this question to our wizards in this forum.....they would give you a high tech answer,they'd probably simplify your life a great deal......but this is how I go about.A bit too stuck in my ways,I guess!!

All the best!
Saint

Respected Saint,
First of all, thankyou for the detailed reply. Now one little clarification regarding your quote "........I basically go through the whole lot in the weekends" in above mentioned reply. Can you describe the size of whole lot, please reply if this question is not too personal.
Secondly, you suggested "You really ought to ask this question to our wizards in this forum.....they would give you a high tech answer". Please suggest the name of one or two wizards to whom I can put up those question.
With warm regards,
Citrus

 

[trader31339]

Saint,
Awaiting your reply,
Re post 1162......

 

[neo1599]

Hello,

Do you believe that the last three day rally has ended the intermediate downtrend?
My analysis is giving a mixed signal.

Nifty ended below 5290 but got averaged up thus signal not clear as to whether we take it as a break of the fib. level or not.

Regards
Neo

 

[Saint]

Saint,
Awaiting your reply,
Re post 1162......

Not done answering as yet......your question and Nick's,probably portions of Rangarajan's........

Shall do soon...

Saint

 

[Saint]

Respected Saint,
First of all, thankyou for the detailed reply. Now one little clarification regarding your quote "........I basically go through the whole lot in the weekends" in above mentioned reply. Can you describe the size of whole lot, please reply if this question is not too personal.
Secondly, you suggested "You really ought to ask this question to our wizards in this forum.....they would give you a high tech answer". Please suggest the name of one or two wizards to whom I can put up those question.
With warm regards,
Citrus

Hi Citrus,

Whole lot....meaning every stock there is..

Ask Uasish ......probably could give tell you how to make things easier for you.

Saint

 

[tyagi]

hello mr saint, awaiting some new posts from u!!!! i have learnt everything about trading from u sir!!
thank u very much

 

[uasish]

Wait ,there may be a chart for understanding 1-2-3 formations & it's possible implications.

 

[rajaram.dilipkumar]

Chart attached.......to answer a few of Rangarajan's and Trader's Doubts.

Saint

how did i miss this post....thanks

 

[venba]

Hello Saint,

Thanks a lot for seeding good knowledge about trading. Being an electronics engineer I always analyse in good length about the system, methods, trade-offs etc. Your posts made me to think trading as a disciplined activity. A very welcome thing in this kind of activity.

Regards,
venkatesh

 

[djsinha]

Hi Saint
can you outline some strategies for trading the sideways moving market as we are seeing nowadays in most of the scrips. Your strategy of following the trend is sound, but, when there is no predominant trend, what should I do? Should I sit with cash? Or, are there some other strategies to trade?

I guess this might be an old question and answer to this might have been given on some other thread in some other forum. But given that I've made you my guruji and that I follow the same strategy as you tech ('coz there is transparency in what you teach and after reading your "Teach a man to fish..." I've seriously learnt trading), I want to learn from you.
Cheers
djsinha