Our trading system just acts as a traffic signal, when it gives us entry signal we enter, we do not know the outcome of the trade, but what we know is our UNCLE POINT/PAIN POINT, basically where to exit when it goes wrong.
No system or anybody knows how high/low it will go.
1/n2/n Many a times when we enter it starts going against us, few of the times it goes in our favor and within the few times it goes up & gives back most of the gain, and few times it just keeps on going in our direction.
Dec 17, 2020 • 4 tweets • 2 min read
With Nifty crossing 13700 one of our mentee @arvindcam23051 also a leading sports cameraman of the country has made a neat 2000+ points ( on trailing stop loss & currently holding) through one of our trend following system which triggered a buy on 01.10.20 at 11416.
1/n@arvindcam23051 2/n
What is more interesting is from 11400 it went to 12025 & back to 11535 & currently at 13700, in hindsight it looks like a easy trade but in reality one needs the mental endurance to see your profits being almost wiped out at one point of time
Sep 3, 2020 • 13 tweets • 3 min read
Why traders lose money:
Listening to others & following tips.
Newbies invariably listen to others & follow tips. Sometimes d tip may be successful, but over d longer term, it’s a loser’s game. #TradingMentorshipProgramme
1/N..
2/N Reacting to news:
Inexperienced traders will hear about companies reporting good earnings or the quarterly GDP growth numbers were ahead of forecast, and the next day they’ll go long only to be stopped out at a loss.
May 18, 2019 • 15 tweets • 3 min read
Trading systems or methods are sets of rules that are developed to provide traders with buy/sell/stop/exit signals.
Traders adopt systems that they believe will best help them know when to enter and exit trades, and in what direction;....
...
and where to place stops to protect accumulating profits or limit losses.
Without a system, making trading decisions would be a random process.
Currently there has been too much trolling happening regarding trading seminars, webinars & carnivals. What surprises me is this topic seems to have gathered steam all of a sudden. Now is it some ploy by a select group to downplay a particular 1/n..
2/n..paid seminar is something I don't know. But things just don't seem to be right, why all of a sudden this unflinching love for newbie traders?
Yes I too have my own mentorship programme which runs for weeks. Despite that I have 3/n..
Jan 17, 2019 • 27 tweets • 4 min read
Think about y u really want to trade. If u want 2 trade for
d excitement, u might b better off riding a roller coaster r taking up hang gliding. If u r drawn 2 trading because u think it is an easy way to make a lot of money, the markets r likely to disabuse u of that assumption.
Trading success is not about finding the one true method but rather about finding the one method that is right for you. It is critical to choose a method that is consistent with your own personality and comfort level.
