Tuesday, January 27, 2015

How to start learning trading

[4:23PM, 27/01/2015] mudraa gowtham kumar: What are the basic necessary parameters required from your point of view ?
[4:23PM, 27/01/2015] Jagmohan Singh: money doesn't marry those who will not be willing to do anything for her!!!
[4:23PM, 27/01/2015] Jagmohan Singh: parameters bole to.....technical indicators
[4:23PM, 27/01/2015] Jagmohan Singh: lemme outline a few good candidates....
[4:24PM, 27/01/2015] Jagmohan Singh: 1. sma
[4:24PM, 27/01/2015] mudraa gowtham kumar: Please
[4:24PM, 27/01/2015] Jagmohan Singh: best one
[4:24PM, 27/01/2015] Jagmohan Singh: 2. rsi
[4:24PM, 27/01/2015] Jagmohan Singh: 3. options data
[4:24PM, 27/01/2015] Jagmohan Singh: 4. volumes (for stocks), fii/dii data (for indices)
[4:25PM, 27/01/2015] Jagmohan Singh: 5. patterns (like rising triangle, wedges, continuation triangles
[4:25PM, 27/01/2015] Jagmohan Singh: 6. supports and resistances
[4:25PM, 27/01/2015] mudraa gowtham kumar: What time period of sma is required? 5 or 14 day
[4:25PM, 27/01/2015] Jagmohan Singh: 7. trendlines
[4:26PM, 27/01/2015] Jagmohan Singh: all period combinations are good....methods are woven reverse....based on specific period....
[4:26PM, 27/01/2015] Jagmohan Singh: however, it is the tick size (the least count) of the chart which is crucial
[4:26PM, 27/01/2015] Jagmohan Singh: smaller ticksize for shorter period trading....
[4:27PM, 27/01/2015] Jagmohan Singh: eg, i take 30 minnute ticksize chart fr positional and 5 min tick chart for short term
[4:28PM, 27/01/2015] Jagmohan Singh: and ofcourse.....when u r out there sweating the practice, u will come across bonus diamonds which no book or software can or will tell u and those will be ur copyright / trademark gems!!!
[4:29PM, 27/01/2015] Jagmohan Singh: u have to work hard to deserve those "lucky" finds....."the harder i work, the luckier i get" (quote)
[4:30PM, 27/01/2015] Jagmohan Singh: 90%, if not 99%, of the traders are trading casually......and have no future!!!
[4:30PM, 27/01/2015] mudraa gowtham kumar: 👍📝RSI below 30 and above 80?
[4:31PM, 27/01/2015] mudraa gowtham kumar: What's the range?
[4:33PM, 27/01/2015] Jagmohan Singh: what a pity that those 90% think that learning trading the above way is "difficult"
[4:33PM, 27/01/2015] Jagmohan Singh: if u love something, it is no more difficult
[4:33PM, 27/01/2015] Jagmohan Singh: never just see rsi value.....
[4:34PM, 27/01/2015] Jagmohan Singh: i have said this in dozens of rsi articles iu have written in all these years....all are archived in my blog or mudraa.....
[4:34PM, 27/01/2015] Jagmohan Singh: everyone looks at the rsi value and tries to trade according to those only....and gets trapped....
[4:36PM, 27/01/2015] Jagmohan Singh: i have jotted down rsi protocols and rules in my articles (not possible to reproduce here all of them) which should be used instead of plain rsi values
[4:37PM, 27/01/2015] mudraa gowtham kumar: In bestbusinessintheworld.blogspot. com
[4:37PM, 27/01/2015] Mudraa jeneel shah surendranagar gujarat: And as per ur views js sir all indicates bullish.  Right??    What if sudden gap down ??   Like if today usa falls down heavily and tomorrow if we get gap down 100points. Than all parameters changes in few minutes??
[4:38PM, 27/01/2015] Jagmohan Singh: i have done some original work on rsi and william which i bet are not available anywhere in the world....print or web.....to the extent that even the inventor welles wilder doesn;t know them either....i have read him extensively.....he did the all important basic work but somehow didn't go beyond a level.....i gues he is still alive
[4:38PM, 27/01/2015] Jagmohan Singh: yes, that;s the blog
[4:38PM, 27/01/2015] Jagmohan Singh: thebestbusinessintheworld.blogspot.in
[4:39PM, 27/01/2015] mudraa gowtham kumar: 👍will search there
[4:39PM, 27/01/2015] Jagmohan Singh: @jeneel superb question....
[4:40PM, 27/01/2015] Jagmohan Singh: 8/8 bullish signals doesn't mean there will and can't be volatility or fluctuations.........just because obama decided to kill osama doesn't mean that it will be as simple as taking appointment and visiting him to shoot
[4:40PM, 27/01/2015] Mudraa jeneel shah surendranagar gujarat: I asked because you experienced twice last month.  I think. ...but you recoverd double
[4:41PM, 27/01/2015] Jagmohan Singh: after the parameters have revealed that storng bullish winds are there, now, operators will try and create trading situations where very fwew will be able to actually get or remain onboard
[4:42PM, 27/01/2015] Jagmohan Singh: see jeneel, i got off because there were some holes in my method for such a situation....which i have since plugged......
[4:42PM, 27/01/2015] Jagmohan Singh: i don't rule out more holes, but the detected ones stand plugged
[4:43PM, 27/01/2015] Jagmohan Singh: and
[4:44PM, 27/01/2015] Jagmohan Singh: if there is an unforeseen (for operators) development in the world overnight, operators may change their plan and that will show up in changing parameters......
[4:44PM, 27/01/2015] Jagmohan Singh: but we will get time
[4:44PM, 27/01/2015] Jagmohan Singh: if we lose 100 points till we get signal, it will mean that the subsequesnt rally will atleast be 500 points....
[4:44PM, 27/01/2015] Mudraa jeneel shah surendranagar gujarat: No words for u😷😷😷
[4:45PM, 27/01/2015] Jagmohan Singh: later the signal, longer the rally....and vice versa
[4:45PM, 27/01/2015] Mudraa jeneel shah surendranagar gujarat: Exactly😄👍👍👍
[4:45PM, 27/01/2015] Jagmohan Singh: but
[4:45PM, 27/01/2015] Jagmohan Singh: as of now.....8/8
[4:45PM, 27/01/2015] Jagmohan Singh: how can i say something else when this is what i see
[4:45PM, 27/01/2015] Jagmohan Singh: i can't be apologetic for the mischiefs operators play......
[4:46PM, 27/01/2015] Mudraa jeneel shah surendranagar gujarat: Yes correct I agree sirji
[4:48PM, 27/01/2015] mudraa gowtham kumar: 👍 good lesson learnt for me Js ji.  Let This learning will be a continuous process for me.
[4:49PM, 27/01/2015] mudraa gowtham kumar: Will read your blogs on RSI and will come back with more questions.
[4:50PM, 27/01/2015] Jagmohan Singh: i don't have any "vibhuuti" for turning into super traders......only heat, dust sweats, tears, blood....my dear friends....
[4:50PM, 27/01/2015] Jagmohan Singh: but one thing i can assure...all this turns into the gold dust....
[4:52PM, 27/01/2015] Mudraa jeneel shah surendranagar gujarat: 👍👌
[4:52PM, 27/01/2015] Jagmohan Singh: i used to be very very jittery in revealing my "secrets" in blog......but i still used to do it for 2 reasons.....1. it was my duty to preserve them.......2. i read a japanese proverb "they won't do it"
[4:52PM, 27/01/2015] Jagmohan Singh: the latest one i have revealed is regarding the options spread......
[4:53PM, 27/01/2015] Jagmohan Singh: some half a dozen mindblowing revelations i will one day jot down when i have got more or when i am sure nobody will take them seriously
[4:54PM, 27/01/2015] Jagmohan Singh: those who will take my sharings seriously are assured of results
[4:54PM, 27/01/2015] Jagmohan Singh: i am not ashamed of these self talk because i respect the technology........technology has no shame
[4:55PM, 27/01/2015] Mudraa Jammu Rupinder S Raina: We will and are taking it very seriously as a part of learning from you
[4:55PM, 27/01/2015] Mudraa Jammu Rupinder S Raina: Sir
[4:56PM, 27/01/2015] Jagmohan Singh: i can't disrespect or desbelief or doubt my learning just because there is fear that these may be proved wrong!!! these might not be....ever.......self doubt is the greates impediment to freedom

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