means with the use of the technical strategy you have applied and got success please guide us to develop for our own trading
The most successful trading strategy is to not trade.
Just by the odds, 99% of the people trading the markets lose money. If you don’t trade, you don’t lose and thereby fall into that 1% of the people who don’t lose.
But honestly, what makes you think someone who is successful will come and talk about it in an open forum?
There are no successful strategies as such, strategies work sometimes and don’t work sometimes. You have to develop your own strategy based on your risk appetite. There are many factors to be considered before developing any strategy like the trading fund that you are willing to invest, then your type of trading whether intra day or delivery, your profit margin, then your risk taking ability - what is the stop loss that you are willing to put, then the time frame you intend to stay invested etc. Every person will have a unique trading style and strategy. Never copy or take readymade strategy of others it might work for you it might not work for you. So develop your own.
TRUST ME DUDE NO ONE SHARES HIS SUCCESSFUL TRADING STRATEGY FOR EXAMPLE THEIR ARE NUMBER OF PEOPLE WHO HAVE WON ZERODHA 60 DAY CHALLENGE PEOPLE WILL SHARE THEIR EXPERIENCE BUT NO ONE SHARES A 100 % SUCCESSFUL STRATEGY " NOTHING WRONG ABOUT IT THOUGH " AS PEOPLE SPEND 100’S OF HOURS STUDYING & FINALIZING THEIR OWN STRATEGY SO ITS I ONLY SEEK HELP FROM PEOPLE ON MATTERS LIKE INDICATORS ETC WHICH I DON’T UNDERSTAND EVEN ASKING STRATEGY FROM PEOPLE IS DANGEROUS BECAUSE MANY HALF HEADED HAPPY IN THE HEAD KIND OF GUYS WILL GIVE YOU SOME STRATEGY IN WHICH YOU WILL LOOSE MONEY …THE BEST WHY IS YOU ACQUIRING KNOWLEDGE AND IMPLEMENTING IT ONLY A SUGGESTION REST IS YOUR CHOOSE " SUCCESSFUL TRADERS DON’T WASTE TIME GIVING PEOPLE TIPS BUT THEY INVEST THEIR TIME IN EARNING MONEY TRADING "
Sharing professional trading strategy is good. Why? If a quite a good amount of people apply the same strategy same time then it will benefit all because the strategy's succes rate increases.
For truely 2D & 3D integrated trading techniques feel free to download 100% free professional intraday trading strategies here : http://intradaytradingsecrets.blogspot.in/
Friends,
I am making my living on trading since last few years. I am also running a free study group which can be joined for free.
My learning
Trading Depends upon four factors
- Capital :
Normally you can earn 20 to 30% return in a month. Means, if you have Rs.1 Lac as capital, you can safely expect to earn 20,000 to 30,000 in a month. In other terms if your expectation is 50 to 60 thousand, then you should have 2 to 3 lacs as capital. Including Zerodha, brokers allow you to start working with Rs.25000 or even less. You can just calculate 20% of that for monthly earning. Once you are settled with your expectation, you can read following point.
- Plan : Plan and sticking to it, come what so, is next essential point.
- You must decide before hand where will you work, in Equity, Futures, options, Index Futures etc. One you decide should not be changed for a period of 3 months at least.
- Decide Script or Index to work before hand.
- Decide strategy in terms of conditions to enter in trade, profit booking points and stop loss points. Do not change this even if on some day you see large movement on your profit side. Again stick to it for at least 3 months.
- Consistency :
Once you settle on Capital and Plan part of the game, next thing many traders fail is consistency.
I would strongly suggest you to consider Stock trading as a Job or regular grocery / fruit / vegetable/ metals trading shops.
If you have a shop, what you do is early in the morning you will prepare yourself and will regularly open shop at a predefined time and close it at predefined time. You will do this all days in month except mandatory holiday. Same thing needs to be done while stock trading. Even if you decide not to trade, you must open trading terminal and sit in front of it for decided time.
Consistency must also be observed in terms of the above mentioned plan. If you have decided to work in market to achieve profit of X amount, stick to it for a span of month. Don’t change it suddenly by any reason including some profitable trades or loss.
- Emotions:
The one, who takes over the emotions while in market, wins over!
You have stress of being successful anyhow; you have to convince your parents / family members that you are successful trader. At the same time you need to keep your image in your friends by telling them how much have you earned in market.
Well, my rules to manage my emotions are
- Do not feel over whelmed by some profitable trades
- Do not feel frustrated by loss making trades
- Do not discuss experience of stock trading with anybody till some time.
- Always try to imagine, as how it will look like at the end of the month.
If you have read the above article patiently, you are a determined to make a good trader. As said above, my profession is trading and I also run a study group for trading.
You can join this group for free by registering at http://baalshastripandit.weebly.com/
You will also get to view my trading performance for me and my study group members there.
Happy trading,
Baalshastri Pandit
Check this out:
No strategy is 100% Successful.Every strategy has its own pro’s & con’s.Success doesn’t depend upon the strategy itself but it depend only upon the user.Instead of copying any strategies amongst thousands of strategies which are available free on internet,study FA & TA & find out which strategy suits you the best.Every strategy will give you right Entry point ,but the success lies within your mindset what you do in adverse market.
Dorkstar…
This ll be the best answer forever for that Q…
Thanks mate
Because like you and me trading strategies also have an expiry date and good and bad phases.This “Holy Grail” system is a myth.Even if you are a profitable trader with lesser.capital it will be hard to remail profitable for a long time
i agree,but now a days tey are making extra money buy advertising teir bogus strategies.
bro i tried to join the group but the site is not working