Thoughts on Day/Swing Trading
- Thread starter Smart_trade
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I daytrade and it is not possible to post any explanation /clarification during market hours. I very rarely come to this site during market hours...and whenever I come for a short time when I am a bit free , it is mainly for my moderation responsibilities.
This is a thread where I am giving some trading ideas which people can use in their own methods/systems if they find them useful. This thread is not for explaining any system,entries, exits etc. It is the trading idea which if understood , will make major difference to our trading...entries,exits,stops...all are matter of details which all have to work out as per their systems/methods.
Smart_trade
This is a thread where I am giving some trading ideas which people can use in their own methods/systems if they find them useful. This thread is not for explaining any system,entries, exits etc. It is the trading idea which if understood , will make major difference to our trading...entries,exits,stops...all are matter of details which all have to work out as per their systems/methods.
Smart_trade
Hi ST
Allow me to share a little curiousity with you.
While having 'fun' with charts, I found this beauty. It is the monthly chart of a scrip.
SMA-close=30. Stochs=9,3,4.
The last, seemingly, 'shooting star' type of candle is about a week old, and still in the formation.
My view is clear in the tringle I drew, enclosing the flag. If you have some spare time, I would like to know your view. Your useful thoughts and insights would be greatly appreciated, like always.
Thanks
Allow me to share a little curiousity with you.
While having 'fun' with charts, I found this beauty. It is the monthly chart of a scrip.
SMA-close=30. Stochs=9,3,4.
The last, seemingly, 'shooting star' type of candle is about a week old, and still in the formation.
My view is clear in the tringle I drew, enclosing the flag. If you have some spare time, I would like to know your view. Your useful thoughts and insights would be greatly appreciated, like always.
Thanks
Hi Krish,
I am cent per cent with what master said above.
My day starts at 5.30 in the morning.I go to bed by around 11.30.Since I have started something on my own,I am unable to focus even on my own trading. I do deal with variety of things.Calls,mails, intraday travels-all these add to my hectic day.Still I sneak in whenever I can.In the evening once I finish my light food, I need change.I write here on different subjects so that some of you get benifited from it.Being frank,none in my family likes me
writing and spending my time here.They know that I have been cheated and backstabbed by so many people,friends ( For your Info one of my friend who did not have money to write his final group of CA exams, took money from me.Since I also belonged to similar line,Till he finished his studies he used to come to my house 2 days in a week.Once he got qualified - its been 5 years.even he didn't invite me for his marriage.I never ever expected money back from him.What all I wanted was he remembering me as a friend.).My family members ask me .Didn't you have enough of it?how long you would remain like this?how many more instances you need?Since all of them respect me a lot and do take advice from me in all aspects other than this particular subject,I have no other way than listening to them.I am lucky enough to have a highly understanding wife who accompanies/accompanied me during all times both ups and downs.
Still I do it just because something within me says "Its your Dharma".As I told you I am just a drop of ocean.
Once I finish PDF thing, I may not be able to participate much in this forum.However I won't be closing the thread.My intention is to prepare a PDF file in such a way that it remains a comprehensive guide and no more requires my presence.
As far as guiding beginners on live market is concerned, I think that itself is a fulltime job. There are plenty of people doing it for money.How effectively they are doing it I really don't know.
I can assure you one thing.What all ST bro has given ,that's more than enough to make your living.In case you have doubts during live hours,I suggest you take a snapshot of it and post in "friends talk on my daytrading".Whenever during weekends I/ST get time ,can answer them.
Sorry if I have made a big story out of your small query.
I am cent per cent with what master said above.
My day starts at 5.30 in the morning.I go to bed by around 11.30.Since I have started something on my own,I am unable to focus even on my own trading. I do deal with variety of things.Calls,mails, intraday travels-all these add to my hectic day.Still I sneak in whenever I can.In the evening once I finish my light food, I need change.I write here on different subjects so that some of you get benifited from it.Being frank,none in my family likes me
writing and spending my time here.They know that I have been cheated and backstabbed by so many people,friends ( For your Info one of my friend who did not have money to write his final group of CA exams, took money from me.Since I also belonged to similar line,Till he finished his studies he used to come to my house 2 days in a week.Once he got qualified - its been 5 years.even he didn't invite me for his marriage.I never ever expected money back from him.What all I wanted was he remembering me as a friend.).My family members ask me .Didn't you have enough of it?how long you would remain like this?how many more instances you need?Since all of them respect me a lot and do take advice from me in all aspects other than this particular subject,I have no other way than listening to them.I am lucky enough to have a highly understanding wife who accompanies/accompanied me during all times both ups and downs.
Still I do it just because something within me says "Its your Dharma".As I told you I am just a drop of ocean.
Once I finish PDF thing, I may not be able to participate much in this forum.However I won't be closing the thread.My intention is to prepare a PDF file in such a way that it remains a comprehensive guide and no more requires my presence.
As far as guiding beginners on live market is concerned, I think that itself is a fulltime job. There are plenty of people doing it for money.How effectively they are doing it I really don't know.
I can assure you one thing.What all ST bro has given ,that's more than enough to make your living.In case you have doubts during live hours,I suggest you take a snapshot of it and post in "friends talk on my daytrading".Whenever during weekends I/ST get time ,can answer them.
Sorry if I have made a big story out of your small query.
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