you are not just investing here, but have a business operations to take care of. without proper tools, how can you expect to compete with all the professional traders worldwide? and on Daily Basis??
I do think it is a bad idea, but I was wondering what other people thought.
I will be very thankfull to someone who gives me advice as I have already lost lot of money this days. At present I have short sell Niftyfut.
Definitions time folks:
Savings – reserve funds invested in a safe vehicle to protect ones assets and receive a small return in exchange for giving up current purchasing power.
Investing – putting capital at calculated risk in order to achieve higher returns.
Trading – Speculating on short term movements of securities prices, involves high levels of personal risks but provides benefits of providing extra liquidity & effecientacy to securities market.
Now professional traders, a) have the financial ability to withstand prolonged periods of losses, b) understand there is no "perfect" method, and c) even if they had found something even bordering on effective, wouldn't distribute it freely as it would dilute the efficacy of their method (And with the current state of the mortgage markets we're learning just how falliable even those "propietary" methods can be).
Sounds like you need to back up. Start building your savings, then your investments. After that, if you must, you can start a trading account. But, honestly I've made far more in two years of investing, than I did in 10 years of trading. (Simple math lesson one, if a stock drops 50%, from that point it has to go up 100% for you to break even — meaning minimize your loses is more vital than maximizing your gains).
Some of the more commonly day-traded financial instruments are stocks,stock options, currencies and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures.
Day trading used to be the preserve of financial firms and professional investors and speculators. Many day traders are bank or investment firms employees working as specialists in equity investment and fund management. However, day trading has become increasingly popular among casual traders due to advances in technology, changes in legislation, and the popularity of the Internet.
TODAY I SHARE WITH YOU ONE TECHNIQUE OF SWING TRADING & ASKING TOO..
WHEN 5 DAYS SMA CROSSES 13 DAYS SMA FROM BELOW TAKE BUY OPPORTUNITY & DO SALE AT REVERSE SITUATION.
CAN YOU SUGGEST ANY OTHER METHOD FOR SWING TRADING.
KINDLY EDUCATE ME.
REGARDS.
KEDAR
kedarvb@rediffmail.com
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators_and_overlays:moving_average_convergence_divergence_macd
Thanks!!
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