Valuable Lessons by DC SIr (1)
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Transcript of Valuable Lessons by DC SIr (1)
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Valuable Lessons
ByMr. Devendra Chaturvedi
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Lesson No. 1
Stock market is business of risk.... So rst lesson is hat isyour mental ca!ability to face trouble...
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LessonNo. "
#nce you are mentally tou$h to take risk.....
Decide your nancial limit to risk.N Still im!ortant....
Ma%imum time to e%!eriment.
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Lesson No &
'lliott (aveis su!er science.....none !erfect so far.....But you can*t succeed ithout learnin$ the basic conce!tsof im!ulse n corrections...
https://www.facebook.com/elliott.wave.940https://www.facebook.com/elliott.wave.940 -
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Lesson No. +
,irst & lessons.....e are done ith $ettin$ mentallyready-decide the risk of money n time and last knoin$basic !rinci!al of '(....No-et ready ith sim!le movin$ avera$es.....to start ithbefore ready for real time trade.
My vie.....use bo numbers n its /0.2 factor...shorter tfloer is bearish hile contra is bullish....3s an e%am!le 14 is factor for 1&
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Lesson No 5
Still 6 am learnin$ after more than "5 years....the mostsecretive orld of 7S6.
3s a be$inner-focus should be on 1+ days 7S6 on close.
Basic to start ith near /4 it needs caution hile belo &4
reversal do ha!!en.... 8rend n !attern of 7S6 has more !oers than !rice itself.....
9ractice can make us !erfect.....
8his is never endin$ sub:ect.....ill continue to rite forever.
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Lesson No
Chartin$ set u!......vie analysis.
8o start ith daily chart.....1&;&+;0
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Lesson No /
6ntra day set u!.
,irst need is to maintain utmost disci!line n stay aay fromlevera$e !osition.
Belief....folloed by &;5;14;15=minute candles.
7eality....rst need is to look at monthly charts...3s.....!otential can be knon only throu$h lookin$ at lar$er8, n risk are alays beyond si>e of your charts......8han follo your system lookin$ at !robable o!!ortunity nith smallest !ossible SL...
3dvice......indices are better o!tion in this trade n stocks toorisky.
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Lesson No 0
Value of number..5
#n any 8,....cross;break of 5 candle hi$h;-lo is !oerfulbullish;bearish reversal and 6mmediate sto! loss either sideis 5 sma on close.
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Lesson No i$ >a$ nsim!le...len$th of diAerent im!ulse.....no !ro$ram ill hel!you.
'( has no substitute....very sim!le.
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Lesson No 1e?.......
Suee>e is tra! of ma:ority of traders on ron$ side oftrade.....it does not ha!!en everyday but once;tice eventevery decade......
Crash;suee>e are " diAerent thin$s.....crash does ha!!enhen ho!e n o!timism stretched too far.....like 3!ril 1e are based on events hich catch traders totally oA$uard.
Secret of both ty!e of bullish;bearish suee>e is ne
hi$h;lo in 7S6 out of conventional ran$e.....it has lar$erim!lications.....like "44/ boom could bust only after hu$e
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Lesson No "
8his is most im!ortant lesson of all e discussed so far...8his is sole reason that !eo!le incur loss des!ite bein$ in.......ri$ht trade....ri$ht!rice n ri$ht trend.
Don*t mi% vision ith tradin$ skills....
Vision is all about !otential of a trade in a certain tf....ith clear vie about therisk involved..
8radin$ skill is all about continuous risk evaluation .....!ros n con*s of remainin$ intrade or come out of it.
Vision is result of remainin$ in studies ith close eye on $eo!olitics around the$lobe....!otential of lon$ term charts....havin$ e%!ertise on indicator of yourchoice.
8radin$ skills need to be develo!ed by continuous !ractice ith !ro!er nancial!lannin$.
'%am!le.....anyone can visit my timeline on &440"41&.....6 e%!lained clearvision of & cycles mer$ed n bi$ reversal due instant ith similar astro vies......ifanyone had ";& ideas like century arvind Voltas cesc irb combo ith !ro!er!lannin$...:ust ima$ine ealth creation of over 14;15 lacs on ca!ital of ";& lacs.
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Lesson No "0
No science ill ever make you lose money...
Garm is done by tradin$ !ractice-tradin$ habits-$reed andfear....
#nly disci!line can hel! to make u!.
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Lesson No "in$ your mistake....
#nly brave n cool minds can achieve it.
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Lessson No 5+
8rend can be !redicted ith near certainty...But...8ar$ets are :ust a !robability....as aves has nature to hidemore than e%!ress....
6f 6 bou$ht B'L H life time lo in November 1
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Lesson No 55
Bi$$est hurdle of stock market....
Before you discuss your !ositionsith anyone...kindly remember
everyone feel here that....hathe;she doin$ is only ri$ht....all otherbi$ fools.....
'ither have trust on your ability n!lan....or disclose at your on risk.
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Lessson No 5/
Conce!ts are most !recious than stocks in $ivin$ thereturns.....
(hat is conce!t?....somethin$ ne ith little or nilcom!etition.....even hencom!etition start....it leads ithuality.
6nfosys-hdfc-kirloskarbros-atlas co!co n >eetel are fe beste%am!les of !ast
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Lesson No 50
Let market be any smart.....
6nherent stren$th or eakness catches it sooner than later
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Lesson No 5
