Friday, April 3, 2015

Naked Trading & Dreams

haha.

How funny will it be to actually do it sipping a juice on the Hawaiian beach.

Till then lets do it here and now.

I have not been a very strong follower of any oscillator, indicator anyways 'cuz they themselves have so many variations, overbought, oversold, deviation, and what not. Confuses me a lot.

So why not trade with just the candles (blue, black, white, red, purple, transparent, batman, pitcher, hammer, dagger, stars, and all others) and good old Support and Resistances.

This is where NN Trading is helpful.

Watching the youtube vid of Al Brooks and stitching dreams of becoming successful in a slow and steady pace.

Three years will be a good time where I can go upto 16 lots of NF (400 units).

The more I see the charts the more I am convinced that trading is easy if we can play it decently well. Its a different story when we are actually in the markets though. Nonetheless, if I am able to train my eyes and brain to identify just 20 point moves I can end up getting 15 net points (post brokerage and other costs). Twice a day nets 30 points.

If I am able to do it even 14 times a month, I will have 420 points in the kitty. Good enough to make a living.

I know, I know I have not factored in the failures. Well in a 22 day trading month if I fail 8 times, I give back 20 net points (15 points for failure and 5 points for cost of trading) each thereby losing 160 points.

I will still have a net of 260 points. Not bad. Isn't it.

We should always remember, it can go against us in a flash wiping all our capital even with all our rules and money management.

Don't plan to compound till you achieve consistency for at least an year.

Best of luck to me. I will achieve my dreams with consistency and discipline.







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