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  #11 (permalink)  
Old 12-03-2010, 03:12 PM
oilman5 oilman5 is offline
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Just now we dealt some qualititive aspect of human beings , now we shall go in knowledge aspect.
.......................................
Theoritically a successful trader/broking community passes essence to close relatives/ favourite students of market...........but actually change of market condition always even experience traders keep on toes ........here a master fights against 3,.....self /other master traders and market...........no novices r never his challenger, maxm a distractor of time,.....worst case downing to superiority feelings if he is surrounded by crowd of av joe
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Old 12-03-2010, 03:28 PM
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so r relevent knowledge???
a] management ..........accounting principle
profitability of a company
execution skill
relevent law and compliance
product cost concept
valuation of business
principle of marketing & hype
motivation principle
forecasting idea
social fad and trend study
macro economy and govt policy
LIMITATION OF SELF
project monitoring concept
risk management
.................................................. ..........................
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Old 12-03-2010, 03:33 PM
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INVESTMENT PRINCIPLE
................................
how to utilise better return in future..........risk mitigation principle,valuation for a sector........which principle to be followed..........how demand/supply shift valuation ,
when to be contrarian; how far operator & money flow is superior.
visualisation and actual implementation r other key concept
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Old 12-03-2010, 03:57 PM
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Since ordinary mortal can not handle all, so comes KNOWLEDGE MANAGEMENT......and strong filter to pass to u for oppurtunity only useful info.
System development is nothing but this syncronisation . we use computer to do it,Also the filter at which timeframe ur +ive expectency higher, ur comfort level better, added witha punchlist DO-dont.Basically use of computer/programming give us objectivity ,neutraling mood swing.
Simple parameters to get some idea on whether to trade or not, predictability factor,what set up is right for present market and for me.entry setup, exit guideline,when i shall HOLD ie. let TIME decide.........this questions r answered and programmed to find oppurtunity /danger.....now comes implementation. HERE mind should be neutral.I knew its easier to say than done,.......in 1991 i put order of 30000/-
in 1997 ...300000/- i had trouble to handle that , in 2006.......an order of 1500000/- big for me , but i can click 2000000/-...........and totally just like sipping water click for 5lakh
............its very long journey ,.........i mean this click/and resultant profit loss calculation should not affect u.[ and if affects pl stop overtrading]
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Old 12-03-2010, 04:10 PM
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Principle works in all time frame.................cyclicity.......bull/bear, in traders language seasonality/ for swing trader .......higher /low pivot.
Break out is nothing but spl condition of continuation thrust.
REVERSAL .......another strong principle on trading
........................
governing guideline behind this principle to be understood.............and when they can shift to HIGHER TIMEFRAME.THIS i call mastery in trading......macro/micro view appln.
SAY.....intraday profit......3%.........can i convert to swing , may get 8%.
SAY positional profit........20 % in month 1, can i convert to 6 month HOLD........50% return
Similarly........a quick fall of 4 % , must be stopped out,.......as otherwise it has potential big loss of 25% in a month
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Old 12-03-2010, 04:24 PM
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So principle of let profit run/ exit loss early explained, also adaptive time frame concept and cyclicity of market.
Market is reflection of human mind,.........so chart should primarily to understand that,then at higher side,......whether continuation possible...if WHY.if not reversal......why ???
similarly at bottom cycle .......question what u see , then can it be a money making oppurtunity for me.
MEDIA hype has to be neutralised.......so see price volume....delivery
3elements r always present in market ,,,,,,,normal trading, speculation and big money flow.....u should have a method to segregate them......this also my aim for objective analysis.......I see fundamental......to get forward looking view of management .......and to understand new price discovery if further money chases the market..........same way,,,,,,,in danger which share be dumped first even by OWN management

Last edited by oilman5; 12-03-2010 at 07:01 PM.
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Old 12-03-2010, 04:38 PM
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variability of cyclicity ,time factor of completion of wave or ew........r itself variable ie. subject to market ........ie prediction can be easily proven WRONG by market........so they r not valid method of trading, but good to lecture & analysis.
........due to ur reactive nature, forward looking consideration , probabilistic scenario u can many a time WRONG in market..........so comes stop loss.
ENTRY set up has to be understood in the context of MARKET , sector rotation & moneyflow.........not vice versa.
CONCEPT of EXIT........is concept of maturity .......so it can be learnt with experience.
NEXT comes money management ,position size.............applying all these is trade management.
.............TRADE management software to write journal and studying EQUITY CURVE used by professional money managers.
so far advance learner simply diary writing ,evaluating trade & use of excel is OK
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Old 12-03-2010, 04:43 PM
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SYSTEM DEVELOPMENT HINT
......................................
market condition trend UP or DOWN........use simple 2 MA cut ,2/20 very good
market condition TRADEZONE........use stockastic/%r
market condition volatile......USE EOD break out/ momentum scanner......end play for intra day.........dont worry on confirmed direction bias using money flow .. u r earning
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Old 12-03-2010, 04:45 PM
oilman5 oilman5 is offline
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any personal disturbance /other priority .......dont trade.
do u have ask anyone..............DONT TRADE

..................
hope u enjoy
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Old 12-03-2010, 07:50 PM
oilman5 oilman5 is offline
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SOFTWARE I USE
.........................
metastock...............its with me from 2001 , so i have comfort.
DT ........basically some scanner, 3yr
omnitrader........4yr i have used........i like for auto search mode.
.................................................. ......................
technical trading :
some signal generation is part of indicator's usefulness. but first decide what u shall do with that signal.
here is the question first..........indicator shall be used for mentioned purpose.
WHETHER TREND EXIST IN MARKET?
what is MY defn of uptrend.........what condition its no longer up trend?
similarly for down trend......remember down trend slope is steeper.
.............
if no trend , ITS VOLATILE OR TRADEZONE MARKET.........HOW I AM DEFINING THEM
for trade zone.......BUY at support philosophy should be used.
for volatile condition.........i have some knowledge of 3yr.........i believe /trading market's philosophy .
OMNITRADER software in gamemode develops to predict day by day right side play in simulation.
ORB technique is also playable here.
.................................................. .............................................
now u define momentum strength............volume accln is quite helpful ,volume spike study also to be seen .
any one ,maxm 2 momentum tools to be used.
next come UNDERSTANDING of distribution..........its a key tool. it can save u from bad decision easily.
.........................
sometime i also study DIVERGENCE for positional pick up.
at support strong spike ......i find very useful.
previously i use aroon for...........trendliness......but no more useful.
........................
FIB has its utiliy.......but for me no rational logic, may be a biasedness of trader.
i have some pattern biasness , but they r subjective.
why DT ? as i have trend dynamics student + dynamic trend principle i follow , its a natural choice.
...............................
random trading /fractal system ; its great to see theory of DR Bill William , and quantum trade software, principle of 3ma,allegator concept, behavior of natural tendency of price reversal at defined pivot........yes i made money out of that theory, but not as told,.....actully by confirmation through PRICE.
.....yes it is the best filter.........confirmation by price.
.................................................. ...............
so 3 force co exist in market...........trend, reversal tendency, fractal [random factor]...........u as an observer who is dormant NOW.....also who is favorite
HIGHER FRACTAL.......define as highly efficient market.
ur duty is who will rule soon ie. near future...........
if u believe in trendiness.........that occur around 4 month in indian market.......other 8 month NOT GOOD.
..............................................
IGNORANCE is highest risk, MOOD swing next,OVERCONFIDENCE then.
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