Tuesday, March 17, 2015

Don''t Trust Indicators with out Understanding


Most of the traders are under the impression and doing following mistakes....

No.1 - Thinking it is easy to make money, using some system which has been developed with buy and sell signal.

No.2 - Using some logics which is available in the free websites....like.....RSI / Stochatics / MACD / Fibonacci / Elliot / CCI / Gann .....etc...

No.3 - Using others logic without knowing how it has to be used.

No.4 - Using 20 indicators and watching everything at a time...thinking smart to take perfect entry..

No.5 - Under estimating market movement...

How to come over all these as a good Trader


No.1 - All indicators will work, but, not all the time, it works depends on the market behaviour. So, with out deep knowledge, all indicators with "Buy/Sell" will make you fail.  So, try to understand and use, otherwise keep the indicator into Dust Bin.

No.2 - All existing indicators like Elliot / MACD / RSI / Gann / Fibonacci will work..but, you should interpret in the right way.    Ask yourself...everybody knows Fibo Ratio...then, why not able to take right trade and make money...because...there is hidden logic which has not been documented by any one of the Inventors...so...First try to find out the hidden logic if possible and learn.

No.3- Don't try to copy and use others logic...101% you will fail...because..the inventor only knows how to use it.......

No.4 - Don't keep your trading system like Kitchadi having all indicators like a child...you will go Mad and loose everything...try to fix one or two system whichever you understand or learned and follow it.

No.5 - Don't try to use your own logic thinking it is easy...not at all...any new system development and implementation takes minimum 1 or 2 years with financial loss...without financial loss...you can't use your own logic...

No.6 - Keep a proper Mentor and learn with patience, try to understand the hidden simple logic.

No.7 - Always approach the Market with simple method and approach the market as a fool.


Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime


Today i met a trader.....he told, he had developed a system and not able to make profit...he needs support with Guarantee. He don't want to learn.....he wants fish with guarantee for digestion.   Just i laughed at him and i said take care of your trading capital.

For trader like him...our advice....follow your own system (without backtest) till you loose (motion) your entire capital...nobody is going to bothered.

We are not selling fish,  we are here to teach a man to fish.

Take Care....All the best..

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