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Crudeoil Positional Analysis ~ Welgro Corner |
raj_jain1
White Belt
Joined: 14 Feb 2014
Posts: 63
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Post: #211  Posted: Fri Nov 21, 2014 11:38 pm Post subject: |
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| welgro wrote: | | raj_jain1 wrote: |
superb journy....i should rethink on my decision on trading as my career.
i m curious to know that have u ever meet any wealthy trader means having luxurious life who follow technical analysis?? |
One more thing ...
In 2012 = i got a good job in Hyd ...But after 6 months i leave the job..
( as-per agreement i cannot do my Own trades, So i leave the job [ But my final settlement is = 5L ])
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wohaaaa...really..till now i met technical analysts as selling their tips or advices wid salary of 12k per month or open a brokerage firm bt u r different. |
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #212 Posted: Sat Nov 22, 2014 12:01 am Post subject: |
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Hi Welgro
Good to read your autobiography as a trader....
I am 32 years old and not yet met any trader in person in my life.
all are virtual only. Like you said for all are virtual guru's whose articles I read and learn...
Thanks for sharing your experience...
Namah Shivay
Regards
Hydrogen |
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #213 Posted: Sat Nov 22, 2014 12:17 am Post subject: |
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| raj_jain1 wrote: | | hello sir thanks 4 explaining your simple entry nd exit startegy..sir i want to know your trading career,i mean how you started nd how much time it took to reach here,overall share your experience as i m 24 yr old nd step in this trading as my career. |
Hi Raj
My 2 cent advise if you are student yet, then be a student only and try to finish your academic first. Do not get lured by others who are making money. Career in stock market will go for life time till the time you are able to work.
Like welgro wherever he is, he has given 16 years of his life studying stock market and still saying he gained only handful only still many things to learn.
Since I am also in this journey behind welgro and in the market from the past 3 years regularly and 2-3 years just for time pass and still I can say that I am not able to conquer my emotion (Greed/Fear) and I can understand your mind set about the greed which is going on in your mind.
Please don't get disappoint by my comment, I am not taunting you in anyway and any form..
My only concern is education. People are lucky who gets good academic.
NamahShivay
Regards
Hydrogen |
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raj_jain1
White Belt
Joined: 14 Feb 2014
Posts: 63
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| Post: #214 Posted: Sat Nov 22, 2014 1:08 am Post subject: |
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| Hydrogen wrote: | | raj_jain1 wrote: | | hello sir thanks 4 explaining your simple entry nd exit startegy..sir i want to know your trading career,i mean how you started nd how much time it took to reach here,overall share your experience as i m 24 yr old nd step in this trading as my career. |
Hi Raj
My 2 cent advise if you are student yet, then be a student only and try to finish your academic first. Do not get lured by others who are making money. Career in stock market will go for life time till the time you are able to work.
Like welgro wherever he is, he has given 16 years of his life studying stock market and still saying he gained only handful only still many things to learn.
Since I am also in this journey behind welgro and in the market from the past 3 years regularly and 2-3 years just for time pass and still I can say that I am not able to conquer my emotion (Greed/Fear) and I can understand your mind set about the greed which is going on in your mind.
Please don't get disappoint by my comment, I am not taunting you in anyway and any form..
My only concern is education. People are lucky who gets good academic.
NamahShivay
Regards
Hydrogen |
hello sir nice to see that something practical exposer I m getting from your advice.
i hv cmpleted mba nd waitin 4 results,however i placed in my 3rd sem as a sales executive in ceasfire,worked there for 3 mnths nd left that job coz of hard core sales nd nothing to learn frm that job.
after leaving job in last sem i interested in share market as usual for a newcomer in this field so i prepared 1 mnth for ncfm nd nism module nd got certificate of nism viii series nd technical analysis certificate.
after it i worked as relationship executive in reliance securities for nly 1 month coz same reason hard core sales.
now i am trying to learn TA frm blogs,websites nd thought why nt give a try nd do a job as technical analyst.
so i want to ask you nd frm santosh sir which material should i follow..give me advice as your son  |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #215 Posted: Sat Nov 22, 2014 9:42 am Post subject: |
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Hydrogen
White Belt
Joined: 18 Feb 2014
Posts: 87
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| Post: #216 Posted: Sat Nov 22, 2014 1:42 pm Post subject: |
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| raj_jain1 wrote: | | Hydrogen wrote: | | raj_jain1 wrote: | | hello sir thanks 4 explaining your simple entry nd exit startegy..sir i want to know your trading career,i mean how you started nd how much time it took to reach here,overall share your experience as i m 24 yr old nd step in this trading as my career. |
Hi Raj
My 2 cent advise if you are student yet, then be a student only and try to finish your academic first. Do not get lured by others who are making money. Career in stock market will go for life time till the time you are able to work.
Like welgro wherever he is, he has given 16 years of his life studying stock market and still saying he gained only handful only still many things to learn.
Since I am also in this journey behind welgro and in the market from the past 3 years regularly and 2-3 years just for time pass and still I can say that I am not able to conquer my emotion (Greed/Fear) and I can understand your mind set about the greed which is going on in your mind.
Please don't get disappoint by my comment, I am not taunting you in anyway and any form..
My only concern is education. People are lucky who gets good academic.
NamahShivay
Regards
Hydrogen |
hello sir nice to see that something practical exposer I m getting from your advice.
i hv cmpleted mba nd waitin 4 results,however i placed in my 3rd sem as a sales executive in ceasfire,worked there for 3 mnths nd left that job coz of hard core sales nd nothing to learn frm that job.
after leaving job in last sem i interested in share market as usual for a newcomer in this field so i prepared 1 mnth for ncfm nd nism module nd got certificate of nism viii series nd technical analysis certificate.
after it i worked as relationship executive in reliance securities for nly 1 month coz same reason hard core sales.
now i am trying to learn TA frm blogs,websites nd thought why nt give a try nd do a job as technical analyst.
so i want to ask you nd frm santosh sir which material should i follow..give me advice as your son |
Hi Raj
Then it is a good time to start a trading career as it is the correct age with less responsibility, you can take more risk You can face many failures to be be beaten from market.
Find your own system. Over time you will find the system which you need. Or blindly follow some one else footstep/System without any question because he/she is the person who has already faced the difficulties and then reached there. I will suggest follow the later one.
It is said the main hurdle is when you first double your money. Once you double it then trading become easier but when you start your journey you will face hurdles, greed, fears and you will learn to accept it on your journey, then only success comes.
You are lucky that at least you have some one in your journey to mentor you. Nobody was there for me I got beaten a lot by market (I was my own enemy)
I will blog my experience once I reach my desired goal. Till then cheers.
My Gurus are books, Internet and people on Icharts.
Namah Shivay
Regards
Hydrogen |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #217 Posted: Sat Nov 22, 2014 2:38 pm Post subject: |
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Dear raj_jain1,
you need to understand.. Now a days market is in trending... You you can get big profits...(All the strategy give good results).
But you will face Continually loss,When the market is in Range bound.So mentally be prepared every thing is possible in this market.
First Important thing :
Monthly Income : I am full time trader,But i have a monthly income from other source. I have a T board Tavera (I get monthly income from that vehicle ).
So now i can concentrate market without stress.I fixed my risk.so i don't over trade. i am only trade future with hedge.
raj ji,
First you need to generate fixed monthly income source before to start trading career. And start trading with Small qty. when you feel comfortable with your trading strategy then increase qty step by step. |
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raj_jain1
White Belt
Joined: 14 Feb 2014
Posts: 63
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| Post: #218 Posted: Sat Nov 22, 2014 2:52 pm Post subject: |
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| welgro wrote: | Dear raj_jain1,
you need to understand.. Now a days market is in trending... You you can get big profits...(All the strategy give good results).
But you will face Continually loss,When the market is in Range bound.So mentally be prepared every thing is possible in this market.
First Important thing :
Monthly Income : I am full time trader,But i have a monthly income from other source. I have a T board Tavera (I get monthly income from that vehicle ).
So now i can concentrate market without stress.I fixed my risk.so i don't over trade. i am only trade future with hedge.
raj ji,
First you need to generate fixed monthly income source before to start trading career. And start trading with Small qty. when you feel comfortable with your trading strategy then increase qty step by step. |
thanks 4 your kind reply..
i know nw a days both commo nd equity is in trending phase so follow any afl or indicator can give me money bt how to avoid whipsaws i do not know.
i m conitunully searching nd backtesting many strategies bt end up wid 9 to 10% per annum result,which is equal to FD in banks or even some bonds can give 18% returns per annum,but i want to live life king size so how one can get cream frm this mkt like you are getting? |
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JANKI18
White Belt
Joined: 22 Jul 2011
Posts: 16
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| Post: #219 Posted: Sat Nov 22, 2014 5:59 pm Post subject: |
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Welgrow Sir,
I read your expression, really excellent journey of trading career. You are the treasure of technical knowledge, I appreaciate for sharing this. I am trying to learn from it.
Regards. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #220 Posted: Tue Nov 25, 2014 9:48 pm Post subject: |
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| welgro wrote: | |
Support Broken...Expected $72.00 - $71.50 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #221 Posted: Tue Nov 25, 2014 10:52 pm Post subject: |
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what is entry short level and SL if taken the short...or if I plan now
(in between 2 whipsaws came as per MA bands/ ur levels yesterday / day before....) |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #222 Posted: Wed Nov 26, 2014 6:49 am Post subject: |
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| amitagg wrote: | what is entry short level and SL if taken the short...or if I plan now
(in between 2 whipsaws came as per MA bands/ ur levels yesterday / day before....) |
I have 3 mcx trading accounts with different brokers.(Ones upon a time i made huge loss when the brokers server problem(Not connected) [2 hours]),that time i do only 4 lots.
now a days i increased my trading qty size.So if i face the same problem in future,My trading plan totally collapse.
Here i update my trades details (RK G)....
Took short position 24/11/2014 at 4722...
This Contract and stage 4 Net P/L : -29 points.(P/L calculated as per Yesterday close price.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #223 Posted: Wed Nov 26, 2014 8:11 am Post subject: |
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Thankyou welgro.
3 learnings for me
- no. Of brokers required for unforeseen circumstances
- importance of "any chosen " level and sticking to it and riding the bigger trend despite one or two whipsaws
- try to book 20-25 points profit for 50 percent or some chosen qytn |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #224 Posted: Wed Nov 26, 2014 9:23 am Post subject: |
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| amitagg wrote: | Thankyou welgro.
3 learnings for me
- no. Of brokers required for unforeseen circumstances
- importance of "any chosen " level and sticking to it and riding the bigger trend despite one or two whipsaws
- try to book 20-25 points profit for 50 percent or some chosen qytn |
You are right...
Every one searching "holy grail" Strategy....
We cannot success Only have good technical knowledge,
One who have the good technical knowledge with Money management is only can success and achieve their "trading plan goal". |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #225 Posted: Thu Nov 27, 2014 8:44 am Post subject: |
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