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  #71 (permalink)  
Old 10-06-2014, 02:25 PM
SMSoftware SMSoftware is offline
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Hi Oilman5

You highlighted such an import point for those new to trading in your prior post... "Define your EDGE".

Trading is an odds based endeavour, none of us know for sure what is going to happen next, and therefore to be successful in trading we MUST follow a personalised, tested trading plan that we know has positive expectancy/EDGE. This is so critical yet an often misunderstood or overlooked aspect for new traders.

If your trading plan does not show clear positive expectancy in the first place, then no amount of trading psychology, or anything else for that matter, will help in the long run. The plan needs to include a breakdown of your trade selection criteria, setups & triggers, risk management, money management, trade management etc, and none of these aspects should be neglected.
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  #72 (permalink)  
Old 19-06-2014, 10:59 PM
oilman5 oilman5 is offline
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trading wheel= understanding risk management, market uncertainity,ur price reading skill, position management,confidence, flexibility, Discipline & writing tradeplan before/writing trade journal after with reason of profit/loss book MAKES u a trader
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  #73 (permalink)  
Old 21-06-2014, 08:05 PM
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Originally Posted by oilman5 View Post
trading wheel= understanding risk management, market uncertainity,ur price reading skill, position management,confidence, flexibility, Discipline & writing tradeplan before/writing trade journal after with reason of profit/loss book MAKES u a trader

Great Stuff Oilman

Please continue posting
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  #74 (permalink)  
Old 02-03-2015, 10:02 PM
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Some people asks me - can i help them?

my answer is i may guide ,but not spoon feed. Yes i have traded successfully over a decade, also novice attempt before that 10yr.
Here famed CV has helped ,though many things i could not follow ,nor i understand.

But i have a plan to give now. All the views r personal and i believe in KISS.
so let me start from next post
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  #75 (permalink)  
Old 02-03-2015, 10:18 PM
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While a person starts to learn Trading , he is really can not follow what to do.
2 basic things- learning from book -easy part. ANOTHER IS BEHAVIOR MODIFICATION. it takes time as its a transformation, psychology & money management -comes under it.
TA TOOLS R VERY EASY- STD BOOK explains well.
candle
line chart
momentum
up trend/down trend -side way market.
MA SLOPE FOR TREND,2ma to understand trend strength, overbought-oversold , divergence,aroon,william%r, wrb,high volume - momentum, gap to measure emotion.

ACTUALLY TRADING STARTS WITH FACTAL CONCEPT, MULTIPLE TIMEFRAME,understanding accumulation-distribution ,trap by media.
FUNDAMENTAL IS ACTUALLY a filter ,which to trade,and when to hold for long haul.
SOFTWARE CREATES OBJECTIVITY AND BETTER EXECUTION.
PROBLEM IS EMOTIONAL CONTROL . U MUST HAVE A PLAN BEFORE TO ENTER , AFTER EXIT HABIT OF WRITING TRADE JOURNAL- which will be studied once ina month ,to check ur improvement.
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  #76 (permalink)  
Old 02-03-2015, 10:48 PM
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pl follow a book -PHANTOM OF PIT.

actually confidence,competence ,perseverance, objectivity -ability to take risk and within one comfort zone makes u a trader.

real problem starts while deciphering price . my idea- upto 3% move up/down =random .can be played in intrtaday.
more than 5% definitely trend continuation. however longer trend must end after overbought = trend termination. NOW WE HAVE SEE WHETHER PRICE SHALL REVERSE ,or after some hold again continue its impulse.
other style is uptrend after some retracement , may start again ,commonly known as pullback trade or 1-2-3.
INCASE OF REVERSAL ,WE USE COUNTER TREND ENTRY OR swing trade.
all these style work in some market condition and fail in other condition.
so sideways market technique CAN NOT BE PLAYED IN TREND.
as market varying is natural ,as well as self inflicted problem due to greed and fear-STOP IS MUST FOR ALL TYPE OF TRADE.
PROBABILITY OF DIRECTION ,AS WELL AS RISK/REWARD ANALYSIS -WHILE VISUALING A TRADE SCENARIO - IS I THINK difference successful and failed trader.
HERE I FIND THE SUBJECT STATISTICS HELPS .
in advance level sector rotation, economic environment ,relation of commodity and demand/supply concept r very helpful.
WITH TIME , PASSION TO LEARN AND PRACTICE ,- not to be greedy u can survive in market. NOW NOT TO LISTENING TO TV/NEWSPAPER TO AVOID DISTRACTION and using money management and position size u feel with ease , will help to consistently earn ,so running family irrespective of market condition.
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  #77 (permalink)  
Old 03-03-2015, 05:43 AM
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Confidence + competence ,help with fitment of a trader with a particular style and its syncronisation with market = successful trader

where u can guess the direction ,the direction = choice of your timeframe.Say after watching price/pattern ,u can tell within 15 min price shall move up. then u can be a 15 min. trader, if u can tell within 1hr -it shall move up , then u can be 1hr trader.If u can tell within 1day it shall move up, u can be 1 day trader, if within 1 week it will move up, then u be 1week short term trader. THIS IS A SKILL ,WITH PRACTICE IT COMES- until this u r novice. STOCKLIST = IN THE STOCKS WHERE IT CAN BE DONE BY U.
u may be right only 5o% time, thats ok- stop loss ,be ready to be hit for 50% time.

Without this also u can trade, using TREND FOLLOWING- MOMENTUM OR PULL BACK ENTRY ,with small target. SMALL TARGET AS i give space to understand from confirmation by price.
u have to search market opportunity , where nobody should disturb ,preferably EOD about 2 hr a day.
A good pro does about 4 hr- also live on present ,ie. take what is offered by market.
If u feel excitement, emotional involvement with price , u have to practice -SET AND FORGET.
......................................
NOW I GIVE A SMALL HINT ON A TRADE.
its RELIANCE . yesterday oil sector moves up- so its a target to move up. but it has not , as a small fire occurred and presently under control with no casulty. So fear shall be no more,no big loss - so as per mean reversion go to 900 ,within 2week and 880 within a week.so u can play to earn 35/- within 2week with low risk ,high probability(this is main criteria)- in temporary down - u enter in a high probability(sector moving up)
u see urself in chart, google the fact - now make money out of this opporunity.
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  #78 (permalink)  
Old 29-06-2015, 09:33 PM
bebhuvan bebhuvan is offline
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Hello Community
Could someone give some basic pointers as the basic analysis i should do while monitoring stocks.
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  #79 (permalink)  
Old 29-06-2015, 11:47 PM
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Originally Posted by bebhuvan View Post
Hello Community
Could someone give some basic pointers as the basic analysis i should do while monitoring stocks.

could you explain a bit more ?
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  #80 (permalink)  
Old 30-06-2015, 07:22 AM
oilman5 oilman5 is offline
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basic analysis on stocks
.................................
1] understand profit & loss statement with balance sheet . REVENUE -COST =PROFIT, what u pay as interest , if ur profit less than ur interest payment amount = company's future is bleak.
2] growth of profit in company : CAGR checked why its exist - company's typical monopolistic strength,assumption of growth cycle continuity.
3] how strong & valid is company's expansion plan -CAPEX ,how other company in same sector is performing
4] HOW IS STRONG SENTIMEMENT AS PER FUND MANAGER, ON THIS SECTOR? WHETHER FII IS SEEING HERE ALSO OPPORTUNITY.
.........so every quarter based on result out u have to judge this feature in particular stocks.When u understand it , they r in ur watch list. Now based on....... u can get a suitable zone for buy /sell opportunity . HIGHER VALUE= SELL ZONE, LOWER =BUY ZONE , and standard TA tools to trade them.But if ur basic is NOT CLEAR , U R SUPPOSED TO DONATE MONEY IN MARKET
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