Just because I said Investing works, you concluded that I don’t know anything about intra-day? Price is fractal. Intra-day is not some mysterious cave.
What is your CAGR from option buying?
worse than gambling. In casino customers lose 52-60% of times depending on the edge house has. In trading 99% lose.
I’m surprised that, so many are surprised that just 1% of active traders make more than bank fixed deposits over 3 years timeframe. - Zerodha founder NK
What the heck? After making 120% in profits you’re saying TA doesn’t work? Are you even sane in claiming such non-sensical bullshit?
1 Like
I don’t know the numbers from casinos, can’t tell a thing on it.
Without TA I would have made 10x more.
1 Like
Then you could have become a swing trader, they do cover up gaps, so you would have competed against investors. Or not, as you can’t trade US futures, but that’s really not on TA, you should get RBI on that.
My point is if you are using TA you must use SL and if you use SL you will never ever have a multi-bagger. And multi-baggers are extremely powerful.
I just know how to do things in a right way. Simple as that.
What is your CAGR from option buying?
See how many likes i am getting on my comment. Are those people don’t know any thing? I am saying the reality honestly and you probably think i don’t know anything. May be the profit made by me that was just a luck. Remember, luck supports those people who do right things at the right time. It’s not about being gyani it’s about making money. Do you think being profitable for one month in option buying is a child’s play? I know all those gyan things Fii Dii data,USA news , Global effect on Indian markets, SGX nifty, Delta theta Gama, Gaan analysis ,I already know all those things but that didn’t made money! And i was in your place in my past but my attitude was different. And don’t judge me by my bad English Tho. Chill Relax. Trading is simple but not easy.
I think be it any field, only 10% succeed, rest is just average or losers. Be it medical, engeneering or any career, they’ll have degree, but are they all succeed? Are they earning good? Not. They put 10-50 lacs for their education, still most of them just make very average income.
TA - doesn’t work ( Unlimited trades )
TA + Confluence - work 50% ( limited trades )
TA + Confluence + Confirmation + Money management - work 90% times ( very very limited trades )
1 Like
Anyone who believes in TA should explain this : How TA (21 period moving average here) is working as support and resistance in this plot of Random Coin Tosses.
In stocks one may say that traders were buying at 21 day spot that’s why it acted as support. But 21 day moving average also acts as support/resistance in coin-toss plot example. This only shows TA is nonsense.
1 Like
This is a wrong argument that is repeated again and again.
An average person working in an average job has net positive cash inflow . In simple language, he makes money. 99% doctors don’t lose money ,neither 99% plumbers or 99% teachers. But trading is a job where 99% traders lose.
1 Like
This isnt the right way to use TA. A moving average is only smoothening the price action - it wont give you a buy or sell decision.
my example
- HDFCBK has made a double top and then a lower high
- There is a death cross of 200 EMA and 50 EMA
As per my analysis the prices should fall and I wish to go short. That doesnt mean that I have a short position right now. I reserve the right to be wrong as well as no analysis can predict with 100% certainty.
1 Like
This only shows you don’t believe in your TA. If your analysis says *go short * and you are not short this only shows you don’t believe in your own TA.
Edit 1: MAs are used as Support/Resistance by TA believers. It is not limited to just smoothing out.
Edit 2: Double Top pattern is a random pattern and does not mean Bearishness as claimed by TA advocates. If double top really worked there would never be a breakout after a retracement. But TA advocates miss such basic things. Every new All time high looks like a double in real time. In hindsight every pattern works.
Having a view and taking a trade are 2 different things. It may take years of experience and practice to understand that.
1 Like
If your analysis says ‘go short’ then why you are not short?