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Selected rules of trading extracted from GANN and JESSY LIVE |
sruthi_kulkrni
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Joined: 06 Jun 2012
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Post: #1  Posted: Wed Mar 13, 2013 3:40 pm Post subject: Selected rules of trading extracted from GANN and JESSY LIVE |
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This thread is not meant for Gann strategy...it is to reveal the essence on gann notes......The ppl who trade for living, may follow the rules in this picture and attain efficient development in trading....
for successful trading a person should possess these below qualities...
SUCCESSFUL TRADING === 10%-technicals 45%--psychology
45%--money management........
Evryone focussess on technical analysis but in real-life technicals had least importance compared to MONEY-MANAGEMENT |
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sanju777
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| Post: #2 Posted: Wed Mar 13, 2013 4:52 pm Post subject: |
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Excellent Stuff...Super Reading Bytes....Thanks
Sanjay |
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umesh1
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Joined: 24 Nov 2008
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| Post: #3 Posted: Wed Mar 13, 2013 7:22 pm Post subject: |
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SruthiG
Very well said" SUCCESSFUL TRADING === 10%-technicals 45%--psychology
45%--money management........ "can come from experienced person,an old saying but always true"failures are pillars of success".
If trading with any system/strategy stoploss need not be analysed as they are part of system and have been taken to stop your losses by growing high not at markets will,but early exits even though in profits need to be looked back as with it you have failed to use your system at optimum.Trade with a goal be it annual/monthly, journey to achieve your goal will consist of Targets and stoplosses ,one should start accepting both to reach ur goal.assess your system minimum after 30 days,stop search/surf for magic indicators/softwares giving only profits as none exists
Happy Trading
Regards |
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indb
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Joined: 27 Aug 2012
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| Post: #4 Posted: Wed Mar 13, 2013 7:43 pm Post subject: |
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| who will say that this system is full proof..because i have seen lot of methods in this forum like tading with macd, gann method, ema 3-15, 3-34 crossover etc. the problem is every method have -neg points and at the end of month result is zeero.. |
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veerappan
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Joined: 19 Dec 2007
Posts: 3680
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| Post: #5 Posted: Wed Mar 13, 2013 7:49 pm Post subject: |
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| indb wrote: | | who will say that this system is full proof..because i have seen lot of methods in this forum like tading with macd, gann method, ema 3-15, 3-34 crossover etc. the problem is every method have -neg points and at the end of month result is zeero.. |
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indb
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Joined: 27 Aug 2012
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| Post: #6 Posted: Wed Mar 13, 2013 7:55 pm Post subject: |
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| veru sir, you are smiling... i am also smiling... |
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #7 Posted: Wed Mar 13, 2013 7:59 pm Post subject: |
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wish u all the best,keep smiling you will still achieve one goal that is good health
Cheers
Last edited by umesh1 on Wed Mar 13, 2013 8:04 pm; edited 2 times in total |
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veerappan
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Posts: 3680
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| Post: #8 Posted: Wed Mar 13, 2013 8:00 pm Post subject: |
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| indb i dont know who r u? i have not seen in forum or sb so for... any way i am veeru chennai boy.... small request for u... stick to one rule let it be fun for others... u found it... your own way... just follow that... u will rock dear... |
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indb
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Joined: 27 Aug 2012
Posts: 41
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| Post: #9 Posted: Wed Mar 13, 2013 8:12 pm Post subject: |
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| veru sir, thanks..stick to one rull ..very right..but what it will be..? |
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veerappan
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Joined: 19 Dec 2007
Posts: 3680
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| Post: #10 Posted: Wed Mar 13, 2013 8:17 pm Post subject: |
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| y shd u wait for others... u decide... let it rsi or esi let it be macd or abcd or let it be gan or fan.... whatever u knew just apply.... every one knows charts boots but still loosing y? applying time and u never stick to that ... buy comes just buy it sell comes just sell it.... keep on do it... start with smaller ways... once u get a flow u will rock... on that way only i learned that .... just i never watch mikkies donkeys nasdogs news or nothing..... i follow my rule very stricktly... each one is having diff methods... u define yours....let it be funny for others y shd u bother.... what u knew just u apply let it be a simple thing also.... |
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indb
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Joined: 27 Aug 2012
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| Post: #11 Posted: Wed Mar 13, 2013 8:48 pm Post subject: |
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| veru sir you are right..yesterday i short a call bajaj auto (1950) at 49.85 i exit same day and book loss 4-5 rs..today that call at 22 same today i short nifty 5889.9 my stop loss was 5920.5 but indicator, method all those things letter i change my mind and exit 5911 and book loss..after that you know what happned in nifty... |
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veerappan
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| Post: #12 Posted: Wed Mar 13, 2013 8:57 pm Post subject: |
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| that means u r sitting with more fear and same way on more greed.... 5889.90 sold posn with sl 5920.50... so already u have decided to loose 31 pts ... 2 lots 3100 rupees loss decide... y u have not waited... or i can say this way try to apply... one lot as per your system shot 5889.90 second one go and sell at nearest point 4-5 pts before that i mean 5916 with same sl this is the way u can throw your fear and greed....what i knew i am putting... it will diff person to person... bcoz of diff opinion market is running... always bigger psyche networth network will win... this has been proved in all the times... |
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indb
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| Post: #13 Posted: Wed Mar 13, 2013 9:11 pm Post subject: |
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| veru sir, thanku very much.. |
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shivan.sn
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Joined: 24 Oct 2011
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| Post: #14 Posted: Thu Mar 14, 2013 3:59 pm Post subject: |
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| indb wrote: | | who will say that this system is full proof..because i have seen lot of methods in this forum like tading with macd, gann method, ema 3-15, 3-34 crossover etc. the problem is every method have -neg points and at the end of month result is zeero.. |
dear indb,
I already mentioned that this thread is not for strategy discussion...This thread is to share the important rules specified by our legendary traders...
evry one think of holy-grail startegy which is not yet developed by anyone in this universe....practice makes man perfect.........  |
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veerappan
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| Post: #15 Posted: Thu Mar 14, 2013 4:19 pm Post subject: |
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| shivan.sn wrote: | | indb wrote: | | who will say that this system is full proof..because i have seen lot of methods in this forum like tading with macd, gann method, ema 3-15, 3-34 crossover etc. the problem is every method have -neg points and at the end of month result is zeero.. |
dear indb,
I already mentioned that this thread is not for strategy discussion...This thread is to share the important rules specified by our legendary traders...
evry one think of holy-grail startegy which is not yet developed by anyone in this universe....practice makes man perfect......... |
shiv i have a fun[d] calci.... its giving buy and sell with stop loss also : important rule is u shd follow strictly... |
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