right. what works for one person will not mean it will work for another… more than strategy mentality and risk management plays a very big role in making that strategy successful.
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Finding own strategy required time, passion, hard work, and so many pain. Once you get it you can recover all the money given to market as tuition fees.
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thanks for the replies. I tried many strategies not successful yet. Loosing huge than the small earnings.
Finding own strategy required time, passion, hard work, and so many pain. Once you get it you can recover all the money given to market as tuition fees.
I am waiting for that day, till then I am contributing my share for the winners. (see the attached Pic, I am the one, who is on the Bull)
@gopchem @FancyyCosmonautt @Parth_Maheshwari , @ShubhS9 @vishnux
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Yesterday 29/10/2020, entered long in CrudeOil when a trendline breakout in 5m TF & Rsi above 60. Till i enter, market was going up & once I entered, started reverseal (a picture attached)
I just saw your post. I’d like to share my view. I’m not an expert in charts. But as far as I know, if you are taking trades based on breakouts, you have to keep a small stoploss. And there is always a chance of false breakout. I’d suggest you to use normal candlesticks and not the Heikin Ashi. Wait for the breakout green candle to close above the resistance level and also wait for the next candle. If it is green, then go for the trade. Just sharing my knowledge.
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You’ll be profitable soon.
It was a pleasure reading your reply brother, thanks for sharing the knowledge, points noted. I was using Heikin Ashi all this time, “Candles” very difficult to understand. @IamDeena @Macroenergy
Heikin ashi is just eye candy trend catcher ,Candle stick can show candle level supply demand clearly.but keep in mind nothing can assure success but also remember successful people also operate in the markets.
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Thanks for the reply Brother, Just now tried “Candle”, even at a trending market, different candle sizes, with long wicks sometimes, green & red candles interchanging blended difficult for me to take decisions.
@Macroenergy @IamDeena @FancyyCosmonautt @Parth_Maheshwari @ShubhS9 @vishnux @Gautam
Candles just show what’s happening you shouldn’t take decisions solely based on candles.
hmm. Recently, I was trading using only Rsi & decisions on Candles,
Rsi >60 5m TF -> 1m tf 3 Green Candles one above another Buy entry, 3 red candles 1m tf one below another exit. Also Trendline breakout strategy candle close above & Rsi > 60, buy entry, SL below support of Trendline.
Both not profitable strategy. @Gautam @Macroenergy @iamdee
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All what you doing is what basic traders with hope do who thinks market is a fair place but market is a slaughter house you need to be armed with super tools otherwise it could take light years to reach success
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I’m not trying to spread negativity here just wanted you not to experience hard lessons.
Smak_DxbUae Candles are confusing at the beginning because they carry a lot of information. Open price, Close price, High price, Low price. Long wicks show that bulls and bears are fighting. And other than this, the adjacent candles show the mindset of traders. Just learn to use it for your advantage. You seem to be a trader based on pure technical analysis. If so, you must know candle sticks without any confusion. Till then I would not suggest you to trade. Do paper trade or just learn with 1-2 shares at a time. Strictly don’t trade with derivatives. Just my suggestion. Start with positional trades. Not intraday. Don’t force yourself that you should close the trade on the same day. Select some good company. Buy a few shares. Don’t worry if the price goes against you. Just watch the movement clearly. You will find your own working strategy. (Note: Delivery trade is free in zerodha. But there is dp charge ~Rs.15 at the sell side. Be ready to pay this for learning. Don’t think it as loss). Stock market is not easy as people think. Invest your time in it. Be disciplined. That is very important. You will start being consistently successful one day. Good luck!
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OK, that rings a bell. I have changed the “Heikin Ashi” to “Candles” right now and tomorrow 17/11/2020 onwards I will be trading in equity & positional trading not intraday. No worries on dp charge. @IamDeena @Gautam I’m so thankful to you. 
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hey @Smak_DxbUae, I have been religiously selling options outside 1/2 SD range from SPOT. I have explained more abt the strategy here
Like a few guys have mentioned, you have to find out a strategy that suits you and stick to it. All the Best 
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REason behind my huge losses.
@Gautam @rbtj @vishnux @Macroenergy @IamDeena @leodecaps @maddy_Des @trader_dude @ShubhS9 @vikram_rao
Dear vishnux, I received your personal message by email but reply returned undelivered.
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