Student:
Sir is moving avg. RSI, Supertrend, Pivot points etc are nursery course in trading?
Then what should one learn?
Plz educate..

Answer:
You cannot go and do CA till you do 12th standard and you cannot do 12th till you do 10th and so on till 1st and nursery too..

1/n

The entire world of technicals, candle stick, etc etc etc of analysis or forecast is all about only
PRICE
VOLUME and
Other derived indicators of Price and Volume like Open interest, Put Call ratio, Volatility, etc etc etc

2/n

Every trader starts with basic indicators like Moving average, RSI, Stocastics, MACD, Bollinger band, Add etc etc

But do understand all these above indicators is just looking at price. They all are LAGGING INDICATORS and they move only afte Price and never before..

3/n

TIME IS OPPORTUNITY!
Do understand it is easy to follow these lagging indicators like MA and RSI and say it is correct.. But it is also LATE..

It is always correct becoz it follows the direction of Price and moves only after price. The formula is done in such a manner..

4/n

Boghis always move in Engine direction and not other way round!

So novice traders are fooled by again ignorant half knowledge experts that these indicators are always right. But they are on hindsight and not in reality. You can be right but can't make money with them.

5/n

So now comes the next job of learning beyond these like:
Price action trading
Volume analysis
Price Patterns
Market Profile
Order flow
For better Price analysis and
Position Size
Risk Mgt
Flexibility
Leverage
Trade monitoring
For Overall Success.
6/n

Also one should understand studying sgx nifty, Dow Jones, fii data etc is all much elementary then even MA, RSI & rest since they will all be already discounted in price.

If dowjones is down 800 points we see sgx already down 150 points & our mkt will open gap down 150 pts.

7/n

So one has to understand the truth,
TIME IS OPPORTUNITY & RIGHT/FIRST INFORMATION with OTF Participants will always win.
They have power of information & power of money/size to move mkt.

So to come from nursery to CA one has to take responsibility & be a continuous learner.

8/n

Also market forecast without lagging indicators is tough & probability of being right is less. But

Following lagging indicators you will always be right on charts but never make money..

So decide whether you want to make money or be right..

9/n

Finally to conclude:
You can learn all this yourself with experience but that takes like me 17plus years of time in mkt and cost of learning is in lakhs to crores which market charges..

Orelse you can even learn it through experts but searching the right ones is your job..

10/n

2 friends going in forest, a tiger attacks.
1 will stop & will be wearing NIKE shoes from his bag to run faster..
The other asks do you think you can run faster than the tiger?
He replies, it is not to run faster than tiger but it is for faster than you..
Same in mkts too..
11/n

Trading is surely an ART & not science of systems. Even with the best system you cannot make money unless u learn:
Along with Powerful trading system,
Risk mgt
TradePlan
TradeEdge
Position Sizing
Leverage
Flexibility
Volatility
Trade Monitoring

WHICH #rudraology is all abt.

n/n