Thread by @JustNifty

Can one depend on Technical analysis signals for trading & expect to generate regular income? If TA helps you generate accurate signals with an annual return of 40%-50% then all the traders must be millionaires & no one would lose money, but that doesn’t seem to be the case.
1/n

So what are the limitations & how can one expect to EARN A LIVING BY TRADING
Larry Williams generated documented 100000% returns when he won Robbins Cup Trading Championship. He was teaching the EXACT Trading techniques & TA principles that he used in achieving these results
2/n

When asked during training If you are going to give away your secrets to everybody in the world, all will use them & if all will do the same, no one will get anything. So why are you giving it?
He said, " YOU ARE WRONG"! He further said, "EVERYONE WILL DO IT IS A CHIMERA!"
3/n

He then said, Cigarette packet's cover has this: "Smoking is Injurious to Health". That knowledge is given to everyone? Still how many ever quit smoking due to this knowledge. How many stopped at their first cigarette because they got this knowledge before first puff in life!"4/n

So knowledge is there in this universe and available to everyone. How many are able to APPLY it? Discipline, emotional management, sticking to what you know are a 100 different names to the same idea.
5/n

Market is same for everyone. It provides same prices to everyone. Yet the performance of each is so unique! Why? Each is making or losing money off their own perceptions & actions and mkt is merely a Action-ground of our individual KarmaKshetra!
6/n

The combination of an individual and market is unique. Each person is engaging with the market with their own unique self.
So Technical Analysis is an approach to studying markets & without spending adequate effort on understanding yourself, you are missing out everything.
7/n

Why just Tech. Analysis, every other approach to market & for that matter knowledge in any sphere is worthless without a good understanding of who you are, what you are looking for, why you are doing what you are doing, how you should be doing it, how much you should be doing
8/n

Everyone is taught same things at MBBS. Some become world famous doctors & some end up living a life where "operation successful, but patient is dead" while most live a secure life of a good regular income. So MBBS is not the differentiator. It is YOU, my dear friend, YOU!
9/n

That is why I consider the Bhagwad Gita is the most important body of knowledge for me. For others there could be any other anchors that help them decipher themselves better.

"Go, study yourself. You can then become anything!" -- Sushil Kedia
10/n

When you take a trade based on other's observations, understand the trade perception fully & take control. When TA triggers a buy, a perception is created in your mind that Mkt has turned up & will stay that way & thus you fail to accept any reversals resulting in a "freeze"
11/n

This is where the above "YOU" comes into play.

In the end,
“what you do with the market makes you money and
not what you think”.

"Get Rich Slowly and Quietly".

12/12.
🙂🙏