kv_maligi

Hi Steve, what you said is 100% correct. Trading on high liquid two stocks, same, day after day, is to trade & follow them. Is it possible for you to give strategy you are using ? I am not much successful on my strategy rather you can say i do not have any proven strategy with me. Thanks viswanath

Hi, Its nice thread for sharing & education new comers. I have been trading for last 2 years. Initially i made gains & losses......., but mostly losses, finally ended up loosing lots of money. Now i am regaining & doing intraday as per charts/TA. Following are my opinions 1) Gain Knowledge about market, technical analysis - by one contract/paper trading. 2) Findout good strategy,matching your personality. You must do it on your own as you are the best judge about your self. 3) Develop trading system, patiently wait for signals. No signals---> No trading. 4) you must decide, well in advance, when to enter, exit & position size. Remember undertrading is as much as overtrading. 5) Stick to one instrument, preferably imdex over stock. 6) Trade on only chart set up/siganls, do not worry about blue channels ( they are paid for talking, not for their knowledge), news ( Any news is ild news) 7) You must do it for long periods till you get enough experience & confidence in the system/strategy. Later on you should trade like Pro. This is the best approach & beleive me you can beat buffets, cross over gates, crush carlos & jig on Jims in creating welath. Viswanath