iCharts Discussions

[deepakraoa]

Hi To All,

I am from Bangalore born on 76, Work in Technical Support Industry and had never been into Trading and Investments for past 35 years.
I was just thinking that it is better late, than never and have finally entered the market and I am just 2 weeks old. So you can consider me a infant in this trading world.
But with Guidance and Discipline it is not Impossible to achieve high results. THANKS to ICHARTS for changing my perception.

I am sure that 100% results are not achievable and you can be considered a good trader if you win more than 75% of the times.

I really appreciate the Brave hearts who have posted their experiences in this forum, I say "Brave Hearts" because you all have the "NEVER SAY NEVER" attitude, Even though most of them have Lost a Lot in terms of MONEY, PATIENCE , PEACE but never lost the CONFIDENCE in attempting to TRADE again.

I am a very new Member in this forum and this is my first Post though.
I have never been into trading and never had the interest to Trade, because I had a perception that it was more of Gambling and people are trying to do a fast buck in the attempt and end up losing most of their Capital and it is most of the times.

I should thank my friend Venkat who has been into this trading and has benefited from Online Internet Trading and I got induced and Intrested into Trading when I learnt that there is more than losing money 70% of time and earning 30% ., Honestly, I am just into Technical Analysis ( TA) from past 2 weeks and trying to understand the strategies behind.


What is TA and its Purpose?
Basic Assumptions of Technical Analysis Technical Analysis is the study of market action
primarily through the use of charts for the purpose of forecasting future trends - John J Murphy

The purpose of Technical Analysis is not to be able to accurately identify each and every market position
all the time. The real objective is to find trading opportunities that have a probability of success

>The Market discounts everything.
>Prices move in trends.
>History tends to repeat itself.

“ Show me the TECHNICAL ANALYSIS charts and I'll tell you the news.”– Bernard Baruch

I have done 3 (real)trades so far which has been succesful and thanks to Icharts which has boosted my confidence to place those orders. I would not let this success get into my head because it is not by luck but by design.

These are few tips that I have learnt and I would like to share on:

“The most important part of making money is capital preservation. The first step to capital preservation is capital allocation.”

There is difference between Trading and Investment and hence allocate funds accordingly, If you cross this limit there are high chances that you would loose Capital.

Also, dont try to go against the market, it is like swimming against high tides in sea.
Set your STOP LOSS :SL on every trade.
Trading requires good skills, discipline and one needs to follow discipline without any emotions.
Dont be greedy to invest all of the capital amount.
Dont take loan to do trading
Dont pledge your assets for trading.

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros

So friends, who are experienced in this trading, who have learnt the hard way to achieve the goals of making the easy money the hard way.
I would like to quote from internet that "Experience is the worst teacher. It always gives the test first and the instruction afterward".
So many people have lost their entire savings, assets, and other materials to gain experience in the Stock market.

Nothing is as simple as it seems at first Or as hopeless as it seems in the middle Or as finished as it seems in the end.

Thanks and Regards for reading through....

Deepak

[aromal]

[Ram405]

aromal

[iamAnna]

casperji share your experience please........ all are waiting

[NEERAJ79]

after all experience & cumulative loss of 5 years i am now earning 2-3% daily on my capital. i started trading in 2005 with almost nil capital. my broker lost my 200000 rs as at that i time i did not know what this market is?
slowly i learned chart study still did some loss in early phase of the training. but because of that hard work & experience i am earning at least 2-3% daily on my capital employed. that too is on intra-day basis.

[casper]

[Padkondu]

hi casper,

As Robin Sharma said, each disaster in life comes with an opportunity, only we do not recognize it. you are really inspiring. unlike the usual, you saw the new opening in each disaster in you life, instead of blaming the world, blaming the god. hats off to you.

wish the life will give the best in rest of your life and i know you are the one shaping your life and can shape it the best.

regards
Padkondu

[rk_a2003]

“Every Human being is a product of his own environment”. True.

Casper ! What can I say after reading your story?!----- Inspirational.

You are too mature in stock market for your experience. You and I entered the Market almost at the same time. You are far ahead. May be you are far ahead of so many .

That itself shows what a quality Fighter you are. Quality Fighters always win. Mother Nature always rewards them.

I wish you all the best Casper!

You are going to be a true inspiration for so many.

[vinay28]

Very touching, Casper. Just out of curiosity. Do you think you have had a 7 year cycle of ups and downs?

[casper]

hi pandkandu anna, rk and vinay

thanks for ur nice comments and encouraging me

but i feel it was only the situations, which drove me from point to points, enjoyments and suffering came hand in hand and finally gave me a feelings that by the time i finish this journey, all will be "squared off" at break even

situation was demanding and i had no way also, so i had run down the only way which seemed to be only open one at that time, so in my view, it was simply nothing special and i am sure any one who [god forbid] comes to face such situation would have done something like this or even better

i am grateful to my past for one reason only, it showed me happiness and sorrow is essentially two sides of the same coin, if i take one, i must accept another too, as a result, i dont bother for both any more



padkandu anna

u r not seen in forum for a long time, i hope every thing is ok at ur end? r u trading now a days? or busy??

and rk

brother, plz dont think there is any thing extra ordinary in me, we may have started at the same time, but u have another profession to look after, while i am a full time trader, i think that caused the difference actually and if u try enough, i am sure u will also become a good trader

vinay

cant say about 7 years cycles as i did not noticed it yet, infact when i saw ur post, i started thinking about it, but i have a hobby for astrology, acording that, upto 2013 i am going to face this kinds of things [ if my calculation is true] but as i wrote, happiness or sorrow does not matter much now, i am always happy

[drsureshbs]

DEAR casper inspite of so many ups and downs u r a wonderful indivisual.good luck.

[prafullkathe]

mr aromal iread your ststment in MY STORY iwnt to know about EOD CHARTS ANNALYSIS like you i also wandering here &there fpr correct method so i hope you will help me through icharts forum

[casper]

[Ram405]

CASPER hattsoff man....u r the modern dabaang

[vinay28]

Casper

Pl see my private mesage