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trading software
Discuss the trading softwares, nse/bse tickers, EOD, technical analysis softwares, commodity trading softwares, NEAT system etc.
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12th September 2007, 08:03 PM
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Okay point taken investo07
date 09/12/07 time 7.04 pm
Hi all,
okay i will say that metastock according to me is good in this respect and also trendz and last but surely not the list "analyst". these three are really good. honestly i dont know whether "analyst" is still around with that name. The man behind it is vidur pendharkar a name worth remembering in the indian stock market line.
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Neeraj B
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27th September 2007, 08:57 PM
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that is a really nice thing to do sir
Hey that below post of your is really a nice one even i went through all of them religiously. It was enlightening to say the least.
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Neeraj B
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17th November 2007, 08:30 PM
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Not very Good !!!
Paresh,
As you mentioned rules comments above it's actually for intraday trading. Not so useful for any trader. Because These type rule may found any analysis site. Also Main aim in stock market to make profit is not fulfil every time. Intraday not easy game as you mentioned. So, that very few peoples near 3 to 5 % make money in day trading. Tell me how many trades that you reaped profit successfully? using these rules?. Answer: Very few times. No man!!! Just you need exact entry & exit points it could by only hard study thru tech. analysis or insider news about stock.
Also your language like a " Boy playing on College cutta " seems very bad.
Quote:
Originally Posted by pkapadia
I agree with Neeraj that strong money management is required to know where you stand at any given point in time, and also regarding entry/exit points. Most people just go with the flow or by the seat of their pants - many times end up losing their shirts. I have made pretty foolish blunders and have burnt my ass on trading without understanding.
My rule of thumb is : Trend, Volume, Price.
First of all, one must agree upon the trend of the market, then the sector, then the stock. So if you feel tomorrow is generally bullish, then identify the sector(s) which will lend the bullish tone (say Banking) then identify the stock (say ICICIBANK) that is going to show movement.
Secondly, only trade in stocks that have volumes. I don't like to trade in stocks with less than 5000 contracts per day in future for instance. If the stock futures volume is less than 1 every 5 seconds (4020 in a trading day of 5 hrs: 35 mts) then I don't want to sit on the screen waiting for my price to come up (unless there is a solid news/events trigger and confirmed).
Lastly, one must have entry/exit price points like the ones Vijay gives in his intraday trading calls. For example, I resisted entering SAIL until it crossed 168 and than immediately kept a valid StopLoss. If the stock show more bullish I trail the SL and let it run to maximise profits.
Of course, the more you are familiar with the stock, the better your predictions will be about its movements. So one must religiously keep a list of X number of stocks to follow whether you are trading in them or not. This list must include the largest market caps like RIL, SBIN, INFOSYS, BHARTIARTL, ONGC, ICICIBANK etc. About 40-50 is the max I care to handle.
For entry/exit points, I suggest a site like DLNGROUP.COM that provides free info (tech analysis) on thousands of stocks. One must follow these on a daily basis to get a good grip on price movements and their recommendations.
Yeh market kisi ke baap ki nahin hai - so beware of anyone who gives unnatural price points. I'd like to hear of other people's opinions/systems.
Regards,
Paresh
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Last edited by ubs123; 19th November 2007 at 05:23 PM.
Reason: Spelling
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20th November 2007, 04:38 PM
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What gives?
Hello ubs123,
I read your reply over and over again but failed to understand what it is you were really trying to say. I got away with the feeling that you agreed that trading is difficult (a point we all should have no difficulty agreeing with), that you do need entry/exit points to trade successfully (again no problem), that you didn't like my language. Again, I went thru my post since it's been awhile and apart from one sentence in hindi, I failed to find anything objectionable. If somehow I have aroused some anger or strong emotions in you in a negative way, I apologize. I was only trying to say that one should basically rely on one's own study of select shares based on Trend, Volume, Price - rather than getting swayed by triggers/people who you don't trust instinctively. It's ok to trade on some news triggers, and it's ok (in my book) to trade on certain people's calls which I trust. That's all. Hope I've made myself clear.
Paresh
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21st November 2007, 02:12 AM
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Hi i'm new to this forum and just completed this full posting .
i'm not good at english
For day trading what i think is and doing is look for TREND , SECTOR , VOLUME BREAKOUTS.If sector support is not there then leaders also have no bottoms.and money management is very important. in day trading you have to apply 2% rule and you need only 55% trades to do in your favor and you'll make money.
i don't consider myself as daytrader i put my self as swing trader who ride the swing.UP/down.
Last edited by sujandesai; 21st November 2007 at 02:15 AM.
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21st November 2007, 07:16 AM
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good idea to help pepople
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Trading Software Info
