Today's Buy Levels

[uasish]

Re: Todays Buy Levels

Asish,
How important is a system? I do trading without any system, simply looking at levels a stock can find resistance and support and looking at candlestick patterns.
I don't know if it is dangerous to trade this way ?
Your experience can help me in this...
All this "system" discussion is scaring me...

-Karthick.

A system (in layman's term) is few set of Rules but tested robustly for all type of situation ,fine tuned ,retested,optimized ,retested.

Hence if our rules is OK & tested & giving Profit then everything is Ok.

 

[uasish]

Re: Todays Buy Levels

hi asish, by following your system (with little modification) i got rs.40/share in axis bank. thanks.

Feeling useful & flattered.

 

[uasish]

Re: Todays Buy Levels

WOW !! Great piece of work.
I must say that this thread by Uasish is masterstroke.
hope i will learn real intraday trading.

thanks.

Gr8 encouraging words,thks.

 

[newbee]

Re: Todays Buy Levels

Asish,
How important is a system? I do trading without any system, simply looking at levels a stock can find resistance and support and looking at candlestick patterns.
I don't know if it is dangerous to trade this way ?
Your experience can help me in this...
All this "system" discussion is scaring me...

-Karthick.

Hello Karthick

Look at SAINTs thread for a post by him giving a template for trading plan. It's a detailed document, where you can note down all the things about how you trade, even if you are a discretionary trader you make buy sell decisions based on something, whatever it is. This would be a starting point. Having a documented plan, gives us a better way to review our trading decisions more objectively for consistently.

Don't know much about programmed & automated systems, uasish will be able to guide you on that.

Thanks
nb

 

[uasish]

Re: Todays Buy Levels

Hello Karthick

Look at SAINTs thread for a post by him giving a template for trading plan. It's a detailed document, where you can note down all the things about how you trade, even if you are a discretionary trader you make buy sell decisions based on something, whatever it is. This would be a starting point. Having a documented plan, gives us a better way to review our trading decisions more objectively for consistently.

Don't know much about programmed & automated systems, uasish will be able to guide you on that.

Thanks
nb

No ,in traderji forum Jesse is better poised than us in programmed & automated systems.

 

[rajaram.dilipkumar]

Re: Todays Buy Levels

1620-1627 is the level iam watching on ABB for B/O

 

[uasish]

Re: Todays Buy Levels

Nifty Fut Daily for your perusal.

 

[lalpar]

Re: Todays Buy Levels

hi

i am new to nifty trading .I have shorted 3 lots a t 5854 and now nift is at 5885...

What do u all suggest?shall i book losses.Kindly help me

Regards

Lalith

 

[uasish]

Re: Todays Buy Levels

Bajaj Hind Fut 5mins ; vol followed to make a beautiful 'Niagra Falls'

 

[uasish]

Re: Todays Buy Levels

hi

i am new to nifty trading .I have shorted 3 lots a t 5854 and now nift is at 5885...

What do u all suggest?shall i book losses.Kindly help me

Regards

Lalith

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