- Hi to all, i am nifty positional trader, my system based on purely demand and supply of the market without using any indicator and always be in a market either short or long. But holding future or stocks for about 10 to 15 days with "sit tight mind set" gives good returns, as we are retail trader our mind habituated to intraday tradting with predicting mind set. Market is divine place where there is a God(psychological mindset of humans). He moves here and there as if we want to make money we have to be a follower of Him, not a predictor of His way.Ilango sir can gives variety of knowledge but as a student we have to pick right system to our personality, that's key success in trading. If we follow a one system, THERE IS A NO QUESTION OF WHERE TO ENTER, WHERE TO EXIT AND WHERE TO PUT STOP LOSS. First of all we have to create one system it contains all rules regarding entry,eixt and stoploss. Do your trade based on your system and put your system one side and gather your knowledge day in and day out. Gathered knowledge should be used for improve your system and not for INSTANT TRADING DECEISION.From my experience intraday trading is more difficult than positional trading because positional trading is equal to school level and intraday is equal to ph.d level without passing school we can't pass ph.d. Psychology,money management and position size is a abcd, all we knows but we ignore it.Just a simple example if want take one lot in nifty, we have Rs.2,50,000 in cash for positional trading( 100 points volatility 2% money management rule). How far we are adhere to this simple rule? I am holding my long from 4810 still now and my sl at 5205. If market trade belows 5205 for an hour, i reverse my positon to short and sl would be 5282. This my positional view. All guys forgive me if i anything written wrong. Happy trading. Thank you,
Tuesday, March 23, 2010
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