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Trading Technique

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19 replies to this topic

#1
alam

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    This is meant for every one to just shed some light on how do they pick a particular scrip. Do they choose a scrip before its earnings date, or do they choose because it was once high but now low, or do they choose on basis of EPS, PE, Earnings. Do they run some sort of screener for this, like stochastic or MACD crossover.
    If some one has a definitive scrip spotting technique how much has the technique been successful. Not talking about selling just buying at the present. Lots of persons are very good at picking scrips but not too successful at making money out of it. Adeel, MJ would be interested in your views because i assume that you might be using some sort of TA screener.

    Regards

    M.Alam


    #2
    Farrukh

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    My dear May b most of you won't agree with me but to me KSE is 110% Satta oriented market.(Like all the stocks in the world).

    Except the major upset at national or international level, just follow the 3-4 days RSI in first tier stocks like NBP, PPL, OGDC.

    I wrote somewhere else that WE can't drive the market So Let's market drive us.

    A good trader doesn't wait for the time to come He just trades at the current levels means

    Just Go With The Flow.

    Its very strange that last week everyone was talking about Mandee Mandee and if ppl were so sure then why didn't they short sell. Remember alway Act don't react. If you React then most probably you will get trapped, coz somebody has already acted before, to get you trapped. Means everyone knew last week that market will go downwards, but very few acted and majority of the ppl now reacting and booking loss.

    Remember You can't get a penny when it's obvious, coz when its obvious its time to turn other way around.

    So always Act don't let anyone to Act before you and don't be the victim of an Action.

    Always make a plan.

    I tell you how I trade.

    I do some homework on a share (I usually trade in PPL) looks at its 3-4 days RSI (It tells me what's next move) If I see it bottoming I buy with a plan at which price I will dispose it off, and at that level I sell double quantity.

    I bought 10,000 PPL-May on 28th April at 273. (I was sure that market will b positive on tuesday upto 300 points and I also posted it in the forum,

    http://www.tezimande...?showtopic=1303
    may b you have read it) Look I was sure about it so I Act on it.

    Yesterday I sold 20,000 PPL-May at 289.35 (Coz its the time for it to go down). Today the current price of PPL-May is 280.50 I' think its the time to buy back those 10,000 shares which I short sell.

    Remember whatever goes up have to come down.

    I call it one transaction.

    Thanks ALLAH almighty that most of the time I book big profits like this transaction.


    Remember me in your prayers and may ALLAH shower his blessings on all of us.

    #3
    Afridian

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    Aslam -o-Alliukum
    Thank you farrukh bhai for sharing such a useful info but brother tell me about RSI.
    What is it?
    How it work?
    Where I found it?
    Waiting for response

    #4
    bashir

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    View PostFarrukh, on May 4 2006, 10:59 AM, said:

    My dear May b most of you won't agree with me but to me KSE is 110% Satta oriented market.(Like all the stocks in the world).

    Except the major upset at national or international level, just follow the 3-4 days RSI in first tier stocks like NBP, PPL, OGDC.

    I wrote somewhere else that WE can't drive the market So Let's market drive us.

    A good trader doesn't wait for the time to come He just trades at the current levels means

    Just Go With The Flow.

    Its very strange that last week everyone was talking about Mandee Mandee and if ppl were so sure then why didn't they short sell. Remember alway Act don't react. If you React then most probably you will get trapped, coz somebody has already acted before, to get you trapped. Means everyone knew last week that market will go downwards, but very few acted and majority of the ppl now reacting and booking loss.

    Remember You can't get a penny when it's obvious, coz when its obvious its time to turn other way around.

    So always Act don't let anyone to Act before you and don't be the victim of an Action.

    Always make a plan.

    I tell you how I trade.

    I do some homework on a share (I usually trade in PPL) looks at its 3-4 days RSI (It tells me what's next move) If I see it bottoming I buy with a plan at which price I will dispose it off, and at that level I sell double quantity.

    I bought 10,000 PPL-May on 28th April at 273. (I was sure that market will b positive on tuesday upto 300 points and I also posted it in the forum,

    http://www.tezimande...?showtopic=1303
    may b you have read it) Look I was sure about it so I Act on it.

    Yesterday I sold 20,000 PPL-May at 289.35 (Coz its the time for it to go down). Today the current price of PPL-May is 280.50 I' think its the time to buy back those 10,000 shares which I short sell.

    Remember whatever goes up have to come down.

    I call it one transaction.

    Thanks ALLAH almighty that most of the time I book big profits like this transaction.
    Remember me in your prayers and may ALLAH shower his blessings on all of us.



    NICE TRADING TECHIQUE

    #5
    AbDuLmAtEeNkHaN

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    MassHallah bro .. good hope that you will share some more with us ....

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    #6
    Farrukh

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    Day traders should never trade without Stop Loss.






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