Well I don’t know the answer. You can private message me with the answer. @leodecaps
@rajgupta9011 it is not that. This market is a gambling den. The moment retail investors like u enter a trade that order details along with SL will be sent by prop trading desk to big people like institutions and hnis. Then what they will do is they will analyze average retail positions and use it to manipulate market to trigger all u guys SLs.
After that big false Breakout or breakdown where u guys would have booked loss they will again ride on ur direction and make money another round
So don’t lose ur hard earned money
If u doubt me search sebi insider trading charges against ramesh damami and rakesh jhunjunwala
They make money like this only and then run programs in cnbc
Indian stock market is big scam. Nse preferential access to their servers was a scam
Everything you said is correct, and I know these all things by my 2 years of market experience… But the actual thing is, I started making money by counter trading. 80℅ trades successful… Rest 20℅ trades are being taken care by risk reward ratio…
Didn’t get you bro… How would it be eating away my profit? So far, past eight sessions been successful.
@rajgupta9011 take it from me one fine day even this method will not work.
Because for trade purpose our market is a colluded gambling den
It is like playing dice with saguni and winning. U will never be able to
Please save atleast rest of ur money. Investing in blue chip is ok but that too for reasonable fixed target
Right now it’s working, so I am fine with it… The day it will not show promising results Then I will change the method that day… As they say- Stay committed to your goal but be flexible with your methods ; )
But ur method itself is a logical fallacy friend
First u use a method to arrive at a buy or sell decision. Then simply because of past failures u r simply reversing that decision at last moment and entering the trade with exact opposite position. Now wat u are doing is a terrible gambling and nothing wlse
And u r calling this as a method
@velu can u review and provide ur opinion?
Don’t worry about what others doing mate… Focus on your trades…
I have money to lose so even in any case, I am losing any money… It will be my money, not yours. So don’t give lecture and focus on your trading…
By the way, you keep calling it logical fallacy or gambling or whatever blah blah blah… Till now, let me make money…
Its not that sir …wat u are thinking is dangerously a casino type gambling
This has come out of repeated failures
This is like writing physics answers for chemistry question paper
This has nothing to do with trading…this is pure gambling
I please request that u consult a good trader friend and rethink about this
Initially i thought this post was out of frustration in failure and u did not really mean it
But now i realize u are serious in this
Suggested book reading fooled by randomness
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You have given the correct and convincing answer to the question. My case is also the same. After nearly 2 years I learned to keep my daily losses minimum and now 3rd year I could make consistent profits, of 2 to 5 thousand daily with a capital if 5-6 lakhs. I used to spend 3 to 5 hours learning everyday and try to practice discipline. We need to learn all areas of trading , equity,futures,options, technical and fund analysis etc, and above all make several mistakes, if we are to become a successful trader.
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Hello sir, I am curious to know in which instrument you trade mostly: Equity, Futures/Options, Currency or Commodity ?
This is a very costly game dear. No amount of learning technical analysis or any other analysis or any other kind of learning will help you. It’s plain “accounting” of your trades. Pick any one strategy, you can even keep your eyes closed while doing so, trade it for 2-3 years on a regular basis, and you will find you have made more money than you initially started with.
All TA (Technical Analysis) candle charts, indicators etc. are complete bullshit. Give me one person who says, any one of these TA and stuff worked 100%. People promote TA and stuff just to confuse people into putting their money to risk, so that they can earn from your risk.
The only strategy that works is, how you can keep trading regularly and keep trading for long term, no matter what? If you can master this single strategy, you will know everything about investing/trading successfully in the stock market.
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In my opinion Also, reverse trading will not work.
So what I mean is, back of the mind, I decide that i want to go long. And then on chart i “interpret” the signal as sell signal.
Ultimately I will take long trade only to take reverse trade.