Re: Todays Buy Levels
Ashish Could you tell me about what tool you use for charts and the signals that you get. I am still learning charts going very slow. I completly admire your trading style.
- Adil Saleem
I started trading in my initial days in Intraday,Lost substantial amount to find out that even if my Direction was right but it obviously goes down/ up after my entry,shaking me out it reverses to traverse it's journey (as i initialy expected).
Then i shifted to Buy / Hold type for few years.There i learnt ,nothing which i learnt works but my trades generated profit becoz of Bull Mkt ,which i equated as my superior intelligence.
Then a diificult process started ,the Unlearning phase.After recouping my lost fund,i tried my level best ,devoting Long hrs each & everyday to Learn.
Here Traderji.com helped me,i am indebted to innumerable posts ,where one single word or a spark of concept ,in those posts changed my perception.
I am not ashmed to cite few instances to mention here,in one of his earlier post of Saint ,he wanted our focus to Simple things.Jesse's one word "Time Series" raised typhoon in me 'Discrete or non-discrete',just to conceptualise this it took me few weeks just to get out of traditional mould.
Ashish's Pattern ,works everyday(see the Double Bottom in to-day's 1 min L & T chart).Karthik's IFT / Band pass .Ajay's "Price Random" ,it took me few weeks to come to a decision on that.Seen the use( by Aloke/Amit/non use of EW by Jesse.Kalyan's Fractral.The post will be long.
Basing on all these & 5.5 Hrs everyday looking in the Screen of own money fluctuating,a rudimentery approach or Tool developed.
It was again Jesse who used to remind me 'Time-Frame' ,i elaborately preapered myself to once again plunge in 1min (the lowest above Tick).
Now a major imp task is yet to be tackled,prepearing for the same ,may be few more months.It is whether in Random Entry ,with MM/RM
can an Equity survive with EXIT.
So it is not a Tool but a rudimentary system.
