I am technical trader. I usually make trading decision based
on Price-Volume bars movements. I don’t look at the thousands indicators before
taking a trade.
When I started trading, I was using many different
indicators. None made me a profit for long time. Each indicator used to work in
specific market condition and when market changed that indicator didn’t work
properly. Then I became real frustrated and started learning the price bars and
the volume relationship. I read many books and articles on price bars
interpretation. In stock market, two things are most important, volume and its
affect on price, all others are worthless information.
My belief:
·
All markets are manipulated and regular
trader/investors are the scapegoat here.
·
To long term survival in this market, one has to
follow big funds.
·
Never act un-on usual bullshit financial news on
TV.
·
Never trade when TV is on.
·
Before you trade, finalize have stop and cover
price (in professional terms: Trading Plan).
·
Never invest all your money in one-two stocks.
·
Every growth story has ending. You need to get
out before its too late.
·
Every stock comes back to buying level you don’t
have to chase the stock.
·
All markets (Equities, Commodities, Currencies…)
follow the patterns and if you can analyze the one market, you certainly can
analyze other markets as well.
How I trade:
- I only trade at support and resistance; with specific price and volume action. I look at the long term charts for my analysis. Compare current Price-Volume actions with historical movements (I go back many years to verify the data).
- No volume action, no trade. Price is the only end results of Volume.
- Stock has to have enough dollar volume that I can get in and get out.
- Don’t trade very volatile stocks.
- Consolidation breakout with heavy volume.
Which Markets I trade in:
- I
trade Equities only in Indian and
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