gENTS,
PLEASE VISIT
http://www.pmtraders.com
http://www.pmtraders.com/TradeExplesFrmMembers.htm
SEE THE EXAMPLES AND LEARN
choose a strategy
fix entry exit stop levels
paper trade
if ok then use in realtime.
1. just aim at 1% gain, 2. use low cost broker
goodluck
Saturday, November 17, 2007
Saturday, November 03, 2007
Learn trading basics -Look at this chart-move mouse
Gents,
Learn trading through basics takes you long way!
See these charts below
simply moove the mouse over the chart
you see new things.
just investigate what these new things are.
What you need to do?
Action plan
PART-A LEARN BY OBSERVATION JUST LIKE A KID BY SEEING EXAMPLES
PART-B APPLY THE THINGS YOU LEARNT
PART-C TEST IN REAL TIME, CONFIRM VALIDITY,SUITABILITY TO YOU.AND YOUR STYLE.
PART-D IF OK, SUCCESS MORE THAN 70%, USE IT.
First see these charts try to spot breakouts,breakdowns,exhaustion,
then take any chart from yahoo for your favourite stocks and try to spot breakouts,breakdowns,exhaustion,and reasonable stoploss levels.
LINK IS http://www.decisionbar.com/html/screen.html#
AND http://www.decisionbar.com/index.html
---------------------------------------
---------------------------------------
Trade positively using three or four simple things.
1.SPOT Breakouts and trade them
2.SPOT Break downs and trade them
FIND OUT WHEN TO BUY-GO LONG, WHEN TO SELL,WHEN TO HOLD,WHERE TO KEEP STOPLOSS
For stoploss see Jim berg formula
REF LINK
==============================
ABOUT "DECISIONBAR"
What Makes DecisionBar® Different
Here are a few of the things that differentiate DecisionBar from other trading software:
DecisionBar places historical trading signals on your chart exactly where they would have occurred in real time, so you can review them and optimize your trades for current market conditions.
Support and resistance (supply and demand) change from minute to minute. DecisionBar automatically charts and adjusts support and resistance levels in real time.
DecisionBar generates trading signals in real time based on supply, demand, and volume, which means...
1)
Whenever the price of a security breaks a support or resistance line (called a Breakdown or Breakout)... fails to break a support or resistance line (called a Failure)... or appears to have run its course (called an Exhaustion)--you can make a decision whether you want to enter a trade or exit a trade you've already made.
2)
What's more, you can use the proprietary risk oscillator at the bottom of the DecisionBar screen for additional confirmation.
3)
You'll also receive secondary reversal warnings to notify you of potential reversals. These warnings allow you to exit trades that don't materialize before you take a loss.
Now, this next one's a "biggie," and I feel it's important to call your attention to it...
----------------------------------------------------------------------
Some trading software adds buy and sell signals after the fact. The signals are delayed. Then, if they happen to be wrong, the software removes the false signals to hide the evidence of the mistake. But not with DecisionBar...
All buy & sell signals are issued in real time and are not removed once they have been issued.
Yes, you read that correctly. You receive accurate buy and sell signals in real time--they are never removed. DecisionBar Trading Software pulls no punches.
Furthermore, you stay in complete control. Only enter or exit a trade if you feel 100% comfortable with your decision.
Eliminate The Stress Of High-Risk Trades
Perhaps you've been stressed to the max and have had trouble focusing during the day and sleeping at night because you're holding a high risk position. Your emotions are almost out of control.
Once you become a DecisionBar member, you too will enjoy what it's like to be in low risk/high potential trades. It's a wonderful feeling compared to the "old way" of picking trades.
The DecisionBar methodology, which is spelled out clearly in the 77-page trading manual that is included with your membership, is low risk. By following my advice, you'll never risk much money on any single trade... but you'll position yourself for big upside movements. Because the DecisionBar methodology is low risk, your whole trading experience is low stress.
===========================
Ramesh151 SAYS this, read and remember,
Trading is of course by chances, but by practice,you learn to maximise your winning chances, and learn to minimise your loosing chances,learn to escape with minimum loss whenever market turns against you.
Nothing wrong if you lost a trade,question is did you make a big loss or not.
If you did not make a big loss,then you are ok,just needs more practice,more paper trading is needed.
iF YOU ARE MAKING BIG LOSSES CONTINUOUSLY,THEN YOU ARE NOT READY FOR THE MARKET, STOP TRADING, GO FOR PAPER TRADING.
just do this simple thing
Take a chart in a time frame you like.
think that the market just opened now at 10am, you close rightside of chart witha paper. and slowly plan your trading action, by moving paper towards rightside slowly,imagine you are getting to know the market price as time is passing.
write down your actions, trade from 10 to 3-30pm using yesterday or past month chart,
remember at 11am, you can see charet only upto 11am. rest is covered and you cant see it.
do this with different charts
analyse your actions
ask yourself can i maximise profit, minimise loss?
if answer is yes then go to real time trading.
Now trade without money
you act asif you are trading with money
record your actions
find out where is your weakness
try and fix it
repeat exercise in real time chart,without money
then you decide
-------------
Happy trading
Ramesh151
Record all your trades real or fictitious,
ask yourself
1 Was it a low risk entry? is the entry near a support for buying and near resistance for short selling?
2.WAS THE REWARD TO RISK RATIO GREATER THAN 1.5?
3.DID i PLAN A STOPLOSS AS i ENTER THE TRADE?
4.DID i IMPLEMENT THE STOPLOSS?
5.DID I USE A POSITION SIZING FORMULA?
----------------------------------------------------------
Learn trading through basics takes you long way!
See these charts below
simply moove the mouse over the chart
you see new things.
just investigate what these new things are.
What you need to do?
Action plan
PART-A LEARN BY OBSERVATION JUST LIKE A KID BY SEEING EXAMPLES
PART-B APPLY THE THINGS YOU LEARNT
PART-C TEST IN REAL TIME, CONFIRM VALIDITY,SUITABILITY TO YOU.AND YOUR STYLE.
PART-D IF OK, SUCCESS MORE THAN 70%, USE IT.
First see these charts try to spot breakouts,breakdowns,exhaustion,
then take any chart from yahoo for your favourite stocks and try to spot breakouts,breakdowns,exhaustion,and reasonable stoploss levels.
LINK IS http://www.decisionbar.com/html/screen.html#
AND http://www.decisionbar.com/index.html
---------------------------------------
---------------------------------------
Trade positively using three or four simple things.
1.SPOT Breakouts and trade them
2.SPOT Break downs and trade them
FIND OUT WHEN TO BUY-GO LONG, WHEN TO SELL,WHEN TO HOLD,WHERE TO KEEP STOPLOSS
For stoploss see Jim berg formula
REF LINK
==============================
ABOUT "DECISIONBAR"
What Makes DecisionBar® Different
Here are a few of the things that differentiate DecisionBar from other trading software:
DecisionBar places historical trading signals on your chart exactly where they would have occurred in real time, so you can review them and optimize your trades for current market conditions.
Support and resistance (supply and demand) change from minute to minute. DecisionBar automatically charts and adjusts support and resistance levels in real time.
DecisionBar generates trading signals in real time based on supply, demand, and volume, which means...
1)
Whenever the price of a security breaks a support or resistance line (called a Breakdown or Breakout)... fails to break a support or resistance line (called a Failure)... or appears to have run its course (called an Exhaustion)--you can make a decision whether you want to enter a trade or exit a trade you've already made.
2)
What's more, you can use the proprietary risk oscillator at the bottom of the DecisionBar screen for additional confirmation.
3)
You'll also receive secondary reversal warnings to notify you of potential reversals. These warnings allow you to exit trades that don't materialize before you take a loss.
Now, this next one's a "biggie," and I feel it's important to call your attention to it...
----------------------------------------------------------------------
Some trading software adds buy and sell signals after the fact. The signals are delayed. Then, if they happen to be wrong, the software removes the false signals to hide the evidence of the mistake. But not with DecisionBar...
All buy & sell signals are issued in real time and are not removed once they have been issued.
Yes, you read that correctly. You receive accurate buy and sell signals in real time--they are never removed. DecisionBar Trading Software pulls no punches.
Furthermore, you stay in complete control. Only enter or exit a trade if you feel 100% comfortable with your decision.
Eliminate The Stress Of High-Risk Trades
Perhaps you've been stressed to the max and have had trouble focusing during the day and sleeping at night because you're holding a high risk position. Your emotions are almost out of control.
Once you become a DecisionBar member, you too will enjoy what it's like to be in low risk/high potential trades. It's a wonderful feeling compared to the "old way" of picking trades.
The DecisionBar methodology, which is spelled out clearly in the 77-page trading manual that is included with your membership, is low risk. By following my advice, you'll never risk much money on any single trade... but you'll position yourself for big upside movements. Because the DecisionBar methodology is low risk, your whole trading experience is low stress.
===========================
Ramesh151 SAYS this, read and remember,
Trading is of course by chances, but by practice,you learn to maximise your winning chances, and learn to minimise your loosing chances,learn to escape with minimum loss whenever market turns against you.
Nothing wrong if you lost a trade,question is did you make a big loss or not.
If you did not make a big loss,then you are ok,just needs more practice,more paper trading is needed.
iF YOU ARE MAKING BIG LOSSES CONTINUOUSLY,THEN YOU ARE NOT READY FOR THE MARKET, STOP TRADING, GO FOR PAPER TRADING.
just do this simple thing
Take a chart in a time frame you like.
think that the market just opened now at 10am, you close rightside of chart witha paper. and slowly plan your trading action, by moving paper towards rightside slowly,imagine you are getting to know the market price as time is passing.
write down your actions, trade from 10 to 3-30pm using yesterday or past month chart,
remember at 11am, you can see charet only upto 11am. rest is covered and you cant see it.
do this with different charts
analyse your actions
ask yourself can i maximise profit, minimise loss?
if answer is yes then go to real time trading.
Now trade without money
you act asif you are trading with money
record your actions
find out where is your weakness
try and fix it
repeat exercise in real time chart,without money
then you decide
-------------
Happy trading
Ramesh151
Record all your trades real or fictitious,
ask yourself
1 Was it a low risk entry? is the entry near a support for buying and near resistance for short selling?
2.WAS THE REWARD TO RISK RATIO GREATER THAN 1.5?
3.DID i PLAN A STOPLOSS AS i ENTER THE TRADE?
4.DID i IMPLEMENT THE STOPLOSS?
5.DID I USE A POSITION SIZING FORMULA?
----------------------------------------------------------
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