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Tactics of a young speculator
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sentinel prime
#11 Posted : Tuesday, January 08, 2013 8:32:03 PM
Rank: New-farer

Joined: 11/12/2012
Posts: 92
what are the qualities of a good trading system?

1. robustness : this means its not sensitive to small adjustments in parameters ie not curve fitted eg.10/50 MA cross should not differ much from 15/75MA cross in overall profitability.
robust systems are profitable in most markets and able to survive changing market conditions.

2.Average win greater than average loss ie let winners run and cut losers short.

3.Have a quantifiable edge/positive expectancy ...something you can't find out on the NSE!!!
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  | | Edit by user: Tuesday, January 08, 2013 8:53 PM | Reason: Not specified
sentinel prime
#12 Posted : Tuesday, January 08, 2013 8:40:48 PM
Rank: New-farer

Joined: 11/12/2012
Posts: 92
ChessMaster wrote:
I think technical is for traders and fundamental for investors.Technical follows the money and activity,fundamental follows the value.


ok. investors are part owners of the business while traders/ speculators basically try to profit from transferring risk from one party to another.

traders can either be technical or fundamentally oriented.
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sentinel prime
#13 Posted : Tuesday, January 08, 2013 9:08:48 PM
Rank: New-farer

Joined: 11/12/2012
Posts: 92
lets talk about STOPS.

The best stop loss is about 20-25% of the initial buying price.This takes care of more than 98% of normal market volatility. A stock that falls 20% from its highs rarely rallies.

trailing stops are best effected at 20-25% of the days higher high price.

goodnight all.
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Mukiri
#14 Posted : Tuesday, January 08, 2013 10:38:09 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
ChessMaster wrote:
Mukiri wrote:
its another to illustrate knowledge gained in application.


What's the difference between investing,speculating and gambling? What aspects of them are similar?


Very good question.

This from the net

INVESTMENT: Commitment of capital based upon an analysis of future cash flows

SPECULATION: Commitment of capital based upon an expected move in a market price

GAMBLING: Commitment of capital on the outcome of something involving chance. Almost entirely random and unpredictable acts.

In the NSE I'm a speculator, in my business I'm an investor. You?

Proverbs 19:21
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ChessMaster
#15 Posted : Wednesday, January 09, 2013 7:40:54 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Mukiri wrote:
ChessMaster wrote:
Mukiri wrote:
its another to illustrate knowledge gained in application.


What's the difference between investing,speculating and gambling? What aspects of them are similar?


Very good question.

This from the net

INVESTMENT: Commitment of capital based upon an analysis of future cash flows

SPECULATION: Commitment of capital based upon an expected move in a market price

GAMBLING: Commitment of capital on the outcome of something involving chance. Almost entirely random and unpredictable acts.

In the NSE I'm a speculator, in my business I'm an investor. You?


I want to change my strategy in the NSE.Allocate some money for trading/speculation purposes and invest the rest.

Thinking of starting a business this year.Fingers crossed. My focus is on tech.Understanding cultural influences on adoption of technology is what I'm working now. Since I'm a finance guy I'm also following the investment game to see where I can leverage my IT skills.

Maybe its just me,but I see finance,tourism,distribution,agriculture,real estate,retail and entertainment industries changing drastically in the coming years due to technology and I'm setting up shop early on.
Uncertainty is certain.Let go
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mwekez@ji
#16 Posted : Wednesday, January 09, 2013 9:34:51 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
sentinel prime wrote:
..... 1994 the index was at 5000pts and gradually sold off  to 1000pts by 2002;8 yrs of bleeding

WTH!!! Singewesmake. Thex I wasnt in that market
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