Day trading basics

Did you just give me the finger? That's a bit uncalled for... I'm just putting the thesis out there that @rajesheck is in fact @trading_education_buyer...

 

Hmmm. Come to think of it...

Trading Education Buyer, where are you? rajesheck needs you.

 

I have never read one single book on trading. Because I don't believe in learning swimming from a book. Yes, trading is skill based just like swimming.

I am a well trained ontologist, professionally coached by top rated coaches in the world by an international institute headquartered at USA.

EQ is a modern form or offspring of ontology. Modern corporate world gives high priority to EQ than IQ.

Ontology, an ancient science, is root or mother of psychology though ontologists are not qualified to practice psychology. Ontology is the basically study of human skills from human emotions perspective which is termed as "way of being".

Examples of "way of being" are, i am an engineer, i am a trader, i am a doctor, i am a swimmer, etc.

The perspective and the emotional connection brings out the skills needed to pursue our goals and ambitions. This is ontology.

I applied the science of ontology to my trading profession and from my trading experience i found the following.
https://www.elitetrader.com/et/thre...trading-strategies.304974/page-5#post-4379940

The bottom line is there is no secrets in trading. It is just a personal skill just like swimming. Neither we can gift our personal skill to others nor we can acquire it from others.

In other words, trading is a business and may need business coaching, not technical training.

Ontology belongs to creative thinking. People who are too much oriented towards analytical thinking cannot get inspiration from ontology.

My posts may sound more philosophical than technical and they are all part of the ancient science of ontology.

If my posts does not inspire a person, then it means this stuff is not for him. Ontology is only for those who find it inspiring.

 

rajesheck,

I actually enjoyed reading your posts but I am not a philosopher/psychologist nor a finance type so psychology in trading or financial jargon are greeks to me.. And, from the responses, it looked like few of us understood your trading philosophy or agreed with your methodology/recipe of trading. I am more data driven than psychology driven and I consider it a success when I can remove my emotion from trading decisions. My ultimate goal is to automate my trades.

There are ontologist in philosophy and ontologist in information technology (i.e. AI), I assumed you are the philosopher, not the computer scientist?

Another questions: Did you trade with the methodology and were profitable? And where, what do you normally trade?

Best wishes.

 

Got to love the crazies. The common thing among vendors is they are all failed traders talking about vague generic ideas. And then there are the blatant lies like "With proper volatility configurations, any day trading strategy can be made suitable for all segments (stock, indices, commodities, forex)" - no little one, that's not how it works.

 

Buy low sell high. Fear? That's the other guys problem ...

 

Here's the actual scene...

 

Thanks for your questions and wishes.

I practice applied ontology (philosophy).

I always suggest to use simple intraday chart without any technical indicators. I don't know much about automation.

I trade only on main indice options using the principle based strategy I posted here. It is basically a pattern based strategy, simple and profitable.

 

Trading the markets is not a science ...

 

Day training has got nothing to do with the underlying instruments and has got everything to do with the day's chart pattern.