Nope, you think you can bait people here and play reverse psychology like a child.
No one will share working system.
Never gonna happen. It makes no difference to me what you believe. I dont mind helping here and there but not by sharing system ideas publicly or to unknown people.
Lets just say - trend following works. Mean reversion works. Many other things work too.
@SpacemanSpiff
This @apple is a classic case of a lost trader in self-wallowing mode, trying to get over his trading insecurities/inabilities and compulsions by repeatedly projecting his defeat on everyone. Classic case of sour grapes.
@apple
Less than 10% make meaningful income with trading, almost all here know that. Not everyone can be successful here, and that is okay, there are so many more fulfilling things one can be good at. Take heart in that, and work towards your passions, stop this trolling and bitterness.
I am done with this topic. This is my last reply to you. All the best!
I was long term investor for 15 years or so. There is no comparison. My 3 systems very easily beat Nifty in long term returns and in risk both. So returns/risk even better. Plus i can pledge and play both as needed. And i donāt claim to be the best trader, not even close. I donāt work too much these days.
There is always uncertainty ofc, so who knows maybe in future it will stop working. So we have to prepare for that.
I am no longer equity investor right now, but hopefully will be again in future - i will do that via systems rather than basic buy and hold which gives us decent inflation beating gains but exposes us to a lot of risk. Not all crashes will bounce back quickly.
Anyway, Vijay gave a very nice reply attributed to you. Cant do better so will just quote it.
Good luck.
You are in stock market for 6 years and mine is 8 years but I started active trading in 2019 so my trading experience is only 5 years before that i was investing.in stocks. I would say your main problem is your own mindset and belief system. You are a very strong headed person so here you are fighting with us to prove your point i also have a friend who possess similar qualities, he also trades with me and he only believes price action but if i tell him that only price action is not enough, he will fight with me to prove his point at the same time he is in loss. In India people think they are the smartest and they feel that their boss is just lucky that he is in that position. Well luck is important but hard work and smart work is also very important.
I will tell you what kept me going in my journey - there was a famous painter in Greece (i donāt know his name) but when he paints, he asks himself is it perfect? if not he tries to make it perfect according to his vision if he is not satisfied with the result then again asks is it perfect? So he tries to make it perfect according to his vision and his capability. Likewise you should ask yourself can you really become an intraday trader?
But in my case at that time I was ready to leave the market but some how i knew I can do it and here I am doing it. If your answer come, you canāt make it then you should believe it and just do what you are already doing and that is your bhagya to be a long term investor, not an intraday trader or technical trader because itās impossible for you to become that kind of character who makes money through intraday. No one can teach you to become an intraday trader. So stop this nonsense Just do what you do best.
is This Apple guy totally fixated on making people believe itās not worth it to Trade for a living?
I have a few points to share I think @Jason_Castelino can confirm it from the auditorās POV too
since weāre already taking about āmostā letās continue either way with āmostā
Most business set up will likely shut down in the next 5- 10 yrs
Most business also incur 15-50% of their revenue in cost to the company
So should people stop starting a business?
I can also say broadly TA doesnāt work⦠but does trading work? Yep it does
Not sure who asked this and whether its still a question, but anyway -
Nothing will work on random data. I actually use that to test my backtest code. If you get +ve numbers with random data, then you have a bug, perhaps looking at future data.
At a certain point, it becomes clear that the person youāre conversing with is unwilling to agree with anything you say. Responding to such posts in a forum is futile as it leads nowhere.
I completely disagree with TA. However, I canāt deny that it works for some people. I know a few who make impressive returns, including one person who made a 30 crore profit from two years of intraday trading with a capital of 1cr. He is here on forum. He doesnāt reply to posts here, but Iām sure heās reading them.
I can relate with this. I switched from Intraday cash to Delivery because of the tension that I felt from the time I entered a stock to the time I exited it. Eventually a random thought crossed my mind that even if I learn to make money this way, Iāll end up destroying my health and will spend everything that I earn fron trading towards medical bills. And I stopped immediately. Lifeās much peaceful after that. Only downside is the moment I tell this to anyone they start giving gyan on risk management, position sizing etc etc.