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Can anyone help in learning right way of trading |
Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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Post: #1  Posted: Sat Jul 23, 2011 12:05 pm Post subject: Can anyone help in learning right way of trading |
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I am member here from more then year-- Followed many statergy,
SMA--EMA-- this n that, But end result is only loss.
can any expert help me understanding the basics and trade like wise
please
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #2 Posted: Sat Jul 30, 2011 6:09 pm Post subject: Re: Can anyone help in learning right way of trading |
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| Rahulsharmaat wrote: | I am member here from more then year-- Followed many statergy,
SMA--EMA-- this n that, But end result is only loss.
can any expert help me understanding the basics and trade like wise
please |
Rahul,
I'm not an expert, but still can tell u from my own experience that people shift from one strategy to other in desperation without understanding it fully and without giving it sufficient time in various market conditions...
However, looking at risk-reward ratio, level of complexity and chances of finding the setup , I can say NVK setup is the best for someone who is new in trade. You can start with 5tf and 60tf based NVK setups (Information is available in the forum under "nvk setup" thread)..
The other beautiful technique is Speculator method of swing trading. Once you understand its pivot finding and proper SL methods, it is highly rewarding.
You have to keep asking people who are using these techniques for quite some time now in the forum. The best part is people in icharts are extremely helpful..
So go ahead and learn and apply these setups to your advantage..
Regards,
Sumesh
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #3 Posted: Sat Jul 30, 2011 6:46 pm Post subject: |
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Thanks--- NVK-- i am doing---
Swing trading i am trying to understand, but failed till now
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #4 Posted: Sat Jul 30, 2011 7:16 pm Post subject: |
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| Rahulsharmaat wrote: | Thanks--- NVK-- i am doing---
Swing trading i am trying to understand, but failed till now |
trading is not so simple..first know ur self..i.e
1.How much return you are expecting from that stock(More RETURN/MORE RISK)
2.Maintain STOP loss/Trailing stop losses.
3.your STOCK is in uptrend/down trend..finding the trend
4.IF u r intraday trader ,trade stocks which are trading above open.
5.don't hesitate to take profits or get out of positions
6.waiting for the signal is better than loosing money.
try to use these methods:
1.plot EMA 7 and SMA 19
2.BUY IF EMA7>SMA 19
3.SELL IF EMA7<SMA 19
4.Use RSI(13,30,70) and ADX(13,13)(for trend/trade identification)
5.use PIVOT POINTS to identify SUPPORT/RESISTANCE
try to understand CANDLESTICKS charts..and signals
if u r day trader..
1.select STOCK today..
2.say xyz company..closing price of XYZ=10/-
3.find out support/resistance of ur stock.
4.buy XYZ if it opens above 11/- with sl=10 or 9/-
5.sell XYZ if it opens below 10/- with stoploss..10/ or 11..
try to trade as simple as possible.
here is chart for example..
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #5 Posted: Sat Jul 30, 2011 9:35 pm Post subject: |
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| Rahulsharmaat wrote: | Thanks--- NVK-- i am doing---
Swing trading i am trying to understand, but failed till now |
Spec's method is decent for swing trading. Understand the logic of system and apply. One can make consistent profits using this method.
thanks and regards
ravee
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #6 Posted: Sat Jul 30, 2011 10:07 pm Post subject: Re: Can anyone help in learning right way of trading |
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| sumesh_sol wrote: |
You have to keep asking people who are using these techniques for quite some time now in the forum. The best part is people in icharts are extremely helpful..
Regards,
Sumesh |
Sumesh,
"Saath kya laye the. Jo liya yahan se liya. Jo Diya yahin pe diya." Shaayad isliye ppl share their experiences in icharts.
nice to see u rocking. all the best.
thanks and regards
ravee
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sethu45
White Belt
Joined: 06 Aug 2009
Posts: 168
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| Post: #7 Posted: Sun Jul 31, 2011 7:24 am Post subject: |
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| Ask Muthu veerappan the chennai boy who is doing all round trading. Follow his advice as he is following the instructions of Lord Shiva.
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DOYADAV
White Belt
Joined: 23 Dec 2010
Posts: 1
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| Post: #8 Posted: Sun Jul 31, 2011 8:44 am Post subject: |
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| first you read Guide to Technical Analysis & Candlesticks book writer RAVI PATEL prise Rs 250/ in ENGLISH MARATHI GUJRATI . avleble MUMBAI .web- www.buzzpublishing.net --Tel-022-26112385. This book chang my style.
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aromal
White Belt
Joined: 22 Mar 2010
Posts: 302
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| Post: #9 Posted: Sun Jul 31, 2011 9:16 am Post subject: newbess |
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| DOYADAV wrote: | | first you read Guide to Technical Analysis & Candlesticks book writer RAVI PATEL prise Rs 250/ in ENGLISH MARATHI GUJRATI . avleble MUMBAI .web- www.buzzpublishing.net --Tel-022-26112385. This book chang my style. |
| Quote: | hi newcomers: 100 of methords all are good methord.... as a beginner follow two methords......1 speculator methord, 2 nvk ya divergence methord........... any way it will take some time to settle down.......... so in initial stages dont put your all money in the table......... trade in small quantity................ aromal  |
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amitkbaid1008
Yellow Belt
Joined: 04 Mar 2009
Posts: 540
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| Post: #10 Posted: Sun Jul 31, 2011 9:18 am Post subject: |
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| DOYADAV wrote: | | first you read Guide to Technical Analysis & Candlesticks book writer RAVI PATEL prise Rs 250/ in ENGLISH MARATHI GUJRATI . avleble MUMBAI .web- www.buzzpublishing.net --Tel-022-26112385. This book chang my style. |
Strange that you haven't got any book other than this. What's more amazing that this book has changed your style.
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