1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Help me to understand

Discussion in 'Introductions' started by drkkb1959, Feb 18, 2013.

  1. drkkb1959

    drkkb1959 New Member

    Joined:
    Feb 18, 2013
    Messages:
    2
    Likes Received:
    0
    Dear All
    Thanks for allowing me to partcipate in the Forum. Although I have entered the market since 2006/07 I have not been able to make gains. Probably my impatience, too much emphasis on fundas and lack of knowledge about chart patterns have made me suffer. Desperate, I was out of market after losing heavily during 2008-09.
    It is my good luck I came accross Shabbir's chart patterns in Google Search and feel optimist to use it and re-enter the market.
    I am yet to get comfortable with the chart patterns. To begin with, I will surely depend on your recommendations/views. I believe, I wii get right kind of advice and help from you.
    Thanks a lot.
    Regards
    KK BEHERA
     
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    KK BEHERA welcome to the forum and it feels good when I could manage to let you move away from markets. I can understand that it takes some time to get used to chart patterns.

    My idea is you to become independent in market and I will try to help as much as I can.
     
  3. drkkb1959

    drkkb1959 New Member

    Joined:
    Feb 18, 2013
    Messages:
    2
    Likes Received:
    0
    Thanks a lot. Practically speaking, I can't do day trading due my official compulsions. I am able to access the market only in the morning up to 10.00 am. Will you pl. tell me how to move.
    Thanks and Regards
    KK Behera
     
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Just trade based on the longer term uptrend.

    So if you see some good stock doing good in last 1 year and then make entry points with stop losses and punch your orders.

    No need to be tracking anything further and once you have the stock in your account, keep track of either stop loss or target and punch the orders before you leave for the day when you think anyone (SL or target) is about to be hit.