Sorry guys for being so late. this month's trades have not worked out as expected. huge losses but then losses and gains are part of the trade. Last month's gains have been wiped out completely. enjoy the analysis. take care All the best.
Don't think you need to apologise to anyone. You are sharing your knowledge and everyone needs to trade on their own risk. Appreciate the honesty, and the fact that you trade on the knowledge you share. Keep doing the noble job of educating us. Look forward to many more videos. :-) P.S.: When taking swing positions isn't it better to trade in Futures? Options have an added element of timing, which can make even a right trade go wrong because of decay.
shvaja123
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Maneeshbhai, we will definitely recover losses. We will keep on improving our learning. It's really fun to play with the market. Thank you for your insight and for sharing your learning.
VivekGolchha
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Sir, apart from Elliott Wave Analysis I would also suggest you to first wait for particular signals in the Candlesticks or maybe look at EMAs before going for trades.....
This is my advice to you and maybe it could prevent losses. Although I am quite new to following Candlesticks and EMAs but I am quite certain they have clues regarding potential rise and fall in the value of stocks....
maneeshsinghhigh
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@VivekGolchha, YES you are correct. Candlesticks are linear graphs consolidated and are followed from the beginning. SOMETIMES OVERCONFIDENCE GETS YOU IN A BAD BAD SITUATION. This month I did not follow the market sentiment and made a mistake. You will find that the analysis relating to FMCG AND AUTO stocks will be correct but the timing has gone completely wrong due to positive market sentiment. As per indicators are concerned I am comfortable with candle sticks, wave theory, and RSI. for positional trades.
maneeshsinghhigh
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@maneeshsinghhigh, wave theory tells me that nifty should reverse now. If there are no extensions in the last triangle wave.
VivekGolchha
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Sir, Nifty would rise more after release of US Composite PMI, which is expected to be positive....
maneeshsinghhigh
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@VivekGolchha, let's wait and watch. I just hope you are not correct. Shorted nifty in a big way.
VivekGolchha
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@maneeshsinghhigh I am 100% sure your analysis is correct but the timing a little here and there, which happens because the play is in the hands of Big Players....
Appreciate the honesty, and the fact that you trade on the knowledge you share. Keep doing the noble job of educating us. Look forward to many more videos. :-)
P.S.: When taking swing positions isn't it better to trade in Futures? Options have an added element of timing, which can make even a right trade go wrong because of decay.