Comment on Mr Consistent returning incredible returns

Raji commented on 09 Mar 2014, 01:13 PM

Prashant,

Spend some time and read the entire blog posts. You will not get answer for your question and medicine for your frustrations and that is what was told repeatedly. My views:

a. Restrict to one or two scrips – I use TELCO, TISCO, HINDALCO and NIFTY – not all simultaneously but whichever develops the required signals.
b. Try and understand swing pivots such as Higher High, Lower Low, Higher Low and Lower High
c. Understand Dimensional Pivots and different timeframes – They develop like MAs but not exactly MAs. Real action happens on these points.
d. Watching some of lag indicators such as ADX and RSI would help gauge any major trends. But do not use indicators to entry/exit. It never helps!
e. Applying elliot wave principles and Fibonacci retracement rules will certainly help. Again this is also similar to point d.

Madan certainly provided few inputs on Money management and positional sizing. These are good.

I don’t know my intrusion to your question will satisfy you…but certainly you will receive a reply that go and study on your own.

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