Nifty Intraday Update-I

If you want to succeed in stock market, know this: There is no perfect method/ system. You may improve upon the existing one to reduce whipsaws/ make better entry & exit or create a new system based on your own parameters.
The problem with the labelled "Perfect system" is that it makes you get into a complacent mode with a sense that your system will take care of results. Wrong. System stays wherever it is. You have to work with it. You have to manage your emotions of fear and greed. Fear always work when your system says buy (and in some cases sell) and greed when your system says sell.
If I can not make money with the most basic "Close price + 5dema or 5 dsma", then I'm not ready to use the next level system...& then on to more sophisticated systems.
Whatever system you choose, understand first how it works & whys of it and once you believe in it, never deviate from it.
I'm not an expert at certifying anybody's system. If it makes money for you, it certifies itself.
I have chosen a system and I do not want to look away from it. And you should also choose yours and stay loyal to it.

(Whenever I see enthusiasm in readers about a new system, I feel sad that they have failed to apply themselves with the ones they know of. This is not to discourage anyone from finding a new method which is better than the existing ones. But this is an honest observation of mine that most will never admit to their own shortcomings in handling a system but end up blaming the system. Hasn't JNSAR delivered 700 points in just 19 days this year or a minimum 300 points which is 30% return on a capital of Rs.50,000 in 19 days. You could sit and work the same magic with J10SAR and so many other methods)

All I emphasise here is that "Work at yourself and display everyday...every hour how you handle the market with your applied knowledge"...there is no shortage of systems. If you don't realise this soon enough, your running will never stop.