Charts are tangible, objective and predictable! Test me!

[rajesheck]

If anyone is intrested in rajesheck aka Rajesh the Nifty options traders failed course, here is the link.

This guy has fear of failure. He is yet to recognise it.

Failures are inevitable or unavoidable in the process of learning.

In other words failures are stepping stones.

We build succes on our failures..

In other words we learn from our failures and apply those learnings to build success.

 

[tony.m]

@rajesheck Rajesh go away, no one on this site is intrested in your one-on-one coaching.
Your guru PR Sundar should be ashamed of himself.

 

[rajesheck]

@rajesheck Rajesh go away, no one on this site is intrested in your one-on-one coaching.
Your guru PR Sundar should be ashamed of himself.

PR Sundar does hedging. I don't hedge. I trade options on index.

 

[rajesheck]

Is there anyone here who think 80% and emote 20% ?

 

[rajesheck]

Improved chart reading skills improves profits greatly!

 

[maxinger]

Is there anyone here who think 80% and emote 20% ?

Demo trading : think 80% and emote 20%

Live trading : think 20% and emote 80%

Demo trading : walking on a long plank a few inches above the ground

Live trading : walking on a long plank a few miles above the ground

 

[rajesheck]

View attachment 317860



Demo trading : think 80% and emote 20%

Live trading : think 20% and emote 80%

Demo trading : walking on a long plank a few inches above the ground

Live trading : walking on a long plank a few miles above the ground

I am observing people are 80% emoting and 20% thinking here in this thread. What they are going to do in live trading?

That's my point!

 

[rajesheck]

I see you don't know your classics.
Please, Predict the past for us.

Buy or Sell ?
Smash or Pass ?

View attachment 317772

I would suggest to enter in second support breakout as marked in the attachment.

Is there any price action similar to this one?

I won't call second support/resistance breakout as a price action because it is more than that.

Why second support/resistance breakout is more than a price action?

Because that is where the fluctuations are low.

Why low fluctuations are important?

Because that is where probability of stoploss hits are low.

Should we take stoploss hits seriously?

Otherwise we are not serious traders.

 

[SunTrader]

@rajesheck Rajesh go away, no one on this site is intrested in your one-on-one coaching.
Your guru PR Sundar should be ashamed of himself.

OP is a believer in positive thinking ... which is one of the top failure traits found in losing traders.

False confidence "allows them" to not cut losses a lot sooner than they do.

Business mindset nonsense from someone who has never had a business.

 

[rajesheck]

OP is a believer in positive thinking ... which is one of the top failure traits found in losing traders.

False confidence "allows them" to not cut losses a lot sooner than they do.

Business mindset nonsense from someone who has never had a business.

My chart reading is equally good in both intraday chart (one minute timeframe) and extraday chart (one day timeframe).

Two reasons I chose day trading over swing trading:
1. Swing trading is vulnerable to gap-ups and gap-downs
2. Day trading options on index is far more profitable than swing trading options on index.

In case if swing trading yields more profit than day trading then I would have chose swing trading.

I even suggest swing traders to develop chart reading skills for more profits.

Infact hedging will benefit greatly from chart reading skills.

Basically one who has developed chart reading skills has the freedom to choose between different styles of trading.

Chart reading skills rules!