Only by applying what you have learnt, can you progress well and it goes for both life and trading.
I have chosen in life to follow certain ideals and have faced difficulties, lost a lot of relationships and it has never been my loss as I am quite content in this journey inspite of many instances of disappointments. It is my journey and I have chosen it this way. I am sure you excercise your free will to choose yours which is closest to your heart. You have 90 minutes in a football game and only what you do during that 90 minutes count, not before it or after it. You can take this 90 minutes as your life time...or your trading hours...or your family time and whatever you choose, play it with all your heart.
Markets are like the slippery fish, often escaping even a firmer hand. We have outlined in the above write up certain methods to capture a large chunk of the market and we should simply do it. Be flexible enough to use different method when the situation demands.
We tend to place undeserving importance to others opinion and conclusions and regret not following our own counsel. If you are confident and convinced of certain studies..be it TA, EW, MP, FA, Astro, Gann, Music notes, follow them to their logical conclusion. The biggest enemy in this journey is "getting distracted" and only you can take the required steps to deal with such distractions.
Lead indicator: Only leads...It shows you the reversal only and not the tops or bottoms. It showed an upward reversal from the 4786 low point which is yet to be reversed in this weekly Time frame.
The same "Lead indicator" has shown few minor reversals of "Ups & Downs" in the day Time frame from 4786 till now. Each reversal has given a minimum 100 points if the signals are accepted. You can now fine tune further down to "Hour Time frame" for the next reversal..
Use the Head only for "Planning" and disconnect it once the execution starts and especially during celebrations.
4 comments:
thanks ilango for the analysis...
@all
ANY ONE USING RK GLOBAL CAN PUT THEIR INPUTS....WANT TO OPEN AN A/C WITH THEM....
THANKS IN ADVANCE...
Cheap and not in good all respects.Trading platform ,is very slow and only for positional players it is OK. Perhaps there ODN may be right but I don't know
There is no free call center in case any problem
You should have a fluent Hindi
But comparing ICICI direct and other brokerages it is seems to be good No other added facilities like IPO etc etc
Bala
Bala
Local centers are less
@wormwood,
My 2 cents...
Depends on what kind of trader u are. For some extra money, Ventura is not bad. My friend uses RKGlobal and he day trades - it seems ok. But then some times, he is stuck as he cannot get quotes or enter a trade. He usually puts a SL immediately. So he is atleast saved of big losses. you get what u pay.
Ilangoji,
Thanks. But for the first time, I am feeling sad after being right as I have taken some some aggressive shorts on the closing on Friday. :( Don't know yet if can exit without much damage.
Have studied all your study materials till date. Now to apply it and as you have written the invaluable words -- "Use the Head only for "Planning" and disconnect it once the execution starts and especially during celebrations." Striving for that.
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