Interview of a self made ace day trader

[3:59PM, 19/02/2015] R: intraday trading is different animal.It requires different skill sets and guerrilla ware fare approach. some stocks which look innocent if you see daily chart have done a lot in intraday. few examples are ntps , icicibank ibrealest, hdfcbank, jp associates etc
[4:05PM, 19/02/2015] J: V true.....
[4:06PM, 19/02/2015] J: Intraday traders need different skill set and mind set and money set than swing traders
[4:08PM, 19/02/2015] J: One should specialize in one art.....
[4:11PM, 19/02/2015] J: You said it rightly.....innocent in the end, mischievous all day...
[4:11PM, 19/02/2015] J: So these were great buying opportunities in the pits....
[4:12PM, 19/02/2015] J: Intraday
[4:15PM, 19/02/2015] R: yes but i play along the trend( intraday
[4:17PM, 19/02/2015] J: if u could elaborate a bit, will help us all....
[4:17PM, 19/02/2015] J: u r closest to a pro day trader i have seen.....seriously
[4:17PM, 19/02/2015] R: as you know i play levels
[4:18PM, 19/02/2015] J: in nifty or stocks?
[4:18PM, 19/02/2015] R: which are clearly marked on chart
[4:18PM, 19/02/2015] J: hmm
[4:19PM, 19/02/2015] J: so u enter in one shot at signals and exit part by part at levels
[4:19PM, 19/02/2015] R: once my sell/buy level is taken out it will 85 % go to target tart 1
[4:19PM, 19/02/2015] R: target1
[4:19PM, 19/02/2015] R: yes
[4:19PM, 19/02/2015] R: where i try to book 50 %
[4:19PM, 19/02/2015] J: and ur entry signals are as per the software programming u have tweaked/set
[4:20PM, 19/02/2015] R: if the strength of trend is very strong i do not book
[4:20PM, 19/02/2015] R: eg jindal steel today
[4:20PM, 19/02/2015] R: i have made my own system
[4:20PM, 19/02/2015] R: yes
[4:20PM, 19/02/2015] J: hmmm
[4:20PM, 19/02/2015] J: ur strength therefore lies in the merit of ur trading software set by u....
[4:21PM, 19/02/2015] J: which indicators u use?
[4:21PM, 19/02/2015] J: the heart/brain of ur set-up
[4:21PM, 19/02/2015] R: software only does what i want from it'
[4:21PM, 19/02/2015] R: garbage in garbade out
[4:21PM, 19/02/2015] J: true true.....that's what i meant
[4:21PM, 19/02/2015] R: garbage
[4:22PM, 19/02/2015] J: that's why i said "ur setup"
[4:22PM, 19/02/2015] J: so which indicators u bank upon
[4:22PM, 19/02/2015] J: i will not ask for specific settings or signals....just indicator namess.....curious
[4:23PM, 19/02/2015] R: Market profile( volume based) , Range ( atr 10 days), TSI( true strength indicator)
[4:23PM, 19/02/2015] J: marvellous....
[4:24PM, 19/02/2015] J: so the program u have developed pops out volume based candidates for buying or shorting and filtered further with atr and tsi.....brilliant
[4:24PM, 19/02/2015] J: and u must have shortlisted these parameters with experience....hmmmm
[4:25PM, 19/02/2015] R: see volume determines the level for a particular stcok
[4:25PM, 19/02/2015] R: stock
[4:25PM, 19/02/2015] R: nothing to do with high or low vol
[4:25PM, 19/02/2015] R: we should know where the max trades have taken place
[4:28PM, 19/02/2015] R: http://www.trading-naked.com/MarketProfileILLUSTRATIONS.htm
[4:29PM, 19/02/2015] J: very interesting concept.....
[4:29PM, 19/02/2015] J: hmmm
[4:31PM, 19/02/2015] J: i personally feel that a good trading method has 2 or 3 leading indicators or factors.....like u have volumes+atr+tsi, like jp has a combination of key fundamental factors etc......
[4:32PM, 19/02/2015] J: like a good king who has 2 to 3 top ministers and many adviser specialists to take views/opinion from
[4:33PM, 19/02/2015] J: like modi has amit, jetley and rajnath.......in the inner circle and many iin the outer one
[4:33PM, 19/02/2015] R: MP tells me which way to trade, i.e long or short , TSI tell me whther to take the trade or not and range tells me where to book
[4:34PM, 19/02/2015] J: i have rsi-william combination+options+patterns
[4:34PM, 19/02/2015] J: mind-blowingly simple.....kudos rajanji
[4:35PM, 19/02/2015] J: this is a brilliant example for everyone......
[4:35PM, 19/02/2015] J: this is what i call a system....this is what i have been advocating since months and years to everyone....
[4:36PM, 19/02/2015] J: no surprise that u r that settled and comfortable and clear in ur trades.......
[4:36PM, 19/02/2015] R: i also tell every one to learn
[4:36PM, 19/02/2015] J: trading success is logic......not accidental but incidental.....not by chance, by choice
[4:37PM, 19/02/2015] J: learning just 2-3-4 or 5 set of complementary but totally independent indicators or parameters is enough to be a pro-trader....
[4:37PM, 19/02/2015] R: learning is far simpler than it is made out to be
[4:37PM, 19/02/2015] J: i wish everyone would believe that.....i do
[4:38PM, 19/02/2015] R: these things may sound complex to a newbie but are very simple
[4:38PM, 19/02/2015] R: more over we have all site which allow you to tweak you indicators
[4:38PM, 19/02/2015] R: and experiment with them
[4:39PM, 19/02/2015] J: the very fact these are coming from u should be enough of proof about the authenticity of this claim....
[4:39PM, 19/02/2015] J: yes experimenting to fine tune and experience is the next step after learning the basics....before one is ready to take the plunge.....
[4:40PM, 19/02/2015] J: will convert this conversation into 1046th article in my blog....for the benefit of everyone.....