Friday, April 23, 2010

8 voices Overheard in a coffee house near stock exchange!

"What do you trade?"

"I prefer trading Nifty Futures!"

"I prefer midcaps."

"My favourite is Suzlon."

"Mine is Bank Nifty. I stick to it."

"I trade momentum stocks."

"I prefer writing options."

"I trade index stocks."

"What about you? You haven't shared!"

"I trade opportunities!"

3 comments:

rochak parekh said...

dear shan sir
how do i thank u for such a wonderful obligation u hav done towards the advantage of the trader kind
well , ur methodology and formulae are so sprite clear that somebody doesnt need ask any question thereafter
may be , i am much sillier or i am in the process of learning that i got to ask u some queries ( read it as ITCH ) regarding ur RSI concept
i wud be interested in an oversold stock
and wud wanna take a positional trade
1. whether to prefer 14/30 m rsi on 1m
OR 14/1 day on 3m/6m or 1 year chart
kindly elaborate
2. whether to go by 34/8 sma or ema
3. u told to combine rsi with sma/ema, how come
whether price shud hav crossed sma/ema, or shud well below sma/ema
4. when i tried to put sma / ema on chart, it doesnt comes out to be 34/8 as told by u
it comes out as 34/30 m on a 1 month or 3 month chart and 34/1 day on a 1 year chart, how to put it as a 34/8 as told by u

urs methology seems very interesting to me
and it has got vast scope towards learning in it
but told u earlier as i am a starter/learner, could not follow ur methodology perfectly.
kindly obilige with ur mastery once again on RSI theory
thanks for providing such a wonderful platform
at least novice traders like us seem to got something solid on our hand to work on at least
thanks for being so nice and helpful
ur language and way or explaining is so clear, and then ur examples make them ultra clear
doodh ka doodh aur paani ka paani
thanks veera once again

Er. Jagmohan Singh said...

Dear Rochak, thanks for ur kind words.
Every stock/index futures price goes thru a large cycles of rise and fall (14rsi/1wk), each of this large cycle is a combination of medium cycles (14rsi/1d on 3month or 6month)chart, which is further made up of small cycles (14rsi/30min on 1 month chart) which is further made up of tiny intraday cycles of 14rsi/2min. the risk of smaller cycle depends on 1) where it is w.r.t. rsi boundary and where its outer cycle is?

rochak parekh said...

thanks replying shaan paaji
i wonder how do u manage explaining things so clearly
i wud be highly obiliged if u can provide ur mail address to me
still got some lil questions, but not many and not big ones,
may i hav ur mail address
or can u please make me lucky by sending me a test mail on my mail address stockngains@yahoo.co.in