Dont spent all your time admiring the fancy tools in the magazine.
First learn how to use the basic ones well. Its not the size of your tools that counts but how you use them.
Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated method every time.
Trading with poor methods is like learning to juggle while standing in a rowboat during the storm. Sure, it can be done, but it is much easier to juggle when one is standing on a solid ground.
Trading is not a sprint; it is boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win.
The market does not care how you feel. It will not prop up your ego or console you when you are down.
Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears and failures, you will not succeed.
I always say that you could publish my trading rules in the newspaper and no one will follow them.
The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldnt do is give them the confidence to stick with those rules even when things are going bad.
(By Richard Dennis, quoted in ‘Market Wizard’ by Jack D. Schwager)
Hi,
We are following Bramesh ji’s analysis we felt he is providing useful tips with stoploss and target level. If you are following any of the analyst i don’t think that is more accurate than this. He is doing great job and his analysis best only. So you may follow or may not follow his tech analysis. We are the one who is getting lot’s very important input from Bramesh ji.
But you didn’t specify the reason why or how you are justifying his analysis not correct.
I have been following his analysis report it is very good only. If you want to follow then you need to follow all the rules what he defined. Trading one call and skipping many call’s which is applicable as per rules also make you to feel uncomfortable.
ALL ANALYSIS INCLUDING GANN ARE NOT HOLY GRAIL TO MAKE CONSISTENT MONEY IN MARKET.
BRAMESHI’S GANN ANALYSIS ( & OTHER )HELPS US AS REFERENCE TO USE IT AS ONE OF MANY WEAPONS WE NEED IN BATTLE.
EXAMPLE — IF GANN TARGET IS IN LINE WITH THE TREND CONFIRMED BY OTHER ANALISIS, IT ADDS WEIGHT IN OUR DECISION.
thanks for your input will help many readers..