I know I’m supposed to be calm and composed but I cant help it, Ive been waiting for all these years and finally I’m writing for Business World.
What a better way to write my first post on TRH !
One fine day, only a few months ago when I got tired of trading for a living and not being able to start a business. I said, “heck, i’ll just start a blog”.
That “blog” has now whirl-winded into a reach of 80 lakh people every week through the business world and Zee Business.
Maybe that’s the secret to success…….START…..and then keep going, even when all is gloomy…………
I have been trading for over a decade and run https://marketscientist.in
Do checkout MarketScientist TV, my gift to the internet for teaching me so much, I talk about trading setups I have learnt all my life 100% free of cost.
The Column
Link to online version : https://www.businessworld.in/news/opinion/columnists/footprints-on-the-charts-and-the-collective-unconscious/1155947/page-1.html
Since the article is quite long, here are some of my favorite parts :
“Irrational exuberance” said Greenspan when the “Dotcom Bubble” was growing but not many lent him an ear. On the other hand, during a staunch bear market phase, few heeded the advice from investor emeritus, Warren Buffet, to invest in undervalued companies.
When crowd mentality holds the rein on money chariots pulled by rampaging bulls or blocked by stubborn bears, the rationale of balance sheets and profit loss statements loses all meaning. Despite the experience of several stockmarket crashes in the developed countries, we still went though the dotcom bust and soon after, suffered the infamous subprime bust as well!
On the battlefield of the mind, triumphs and defeats in the market for retail investors shall remain a matter of Oracular divination until they begin to base their trading decisions on tested and proved systematic trading methods. These methods are backed by years of historical price data and trading decision guided by rules for entries and exits and therefore, they are the best way to prevent the herd mentality arising from ‘sentiments’ based trading.
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Another stalwart in the field of technical analysis of the stock Price is Paul Tudor Jones II, who has for several decades successfully managed billions of dollars for his clients using technical analysis methods known as Quantitative Global Macro. Jones’ major success took place in 1987 when a Technical Analysis of the charts helped him to predict the ‘Black Monday’ and thereby triple his money by taking large sized ‘Short’ positions. Paul has an estimated net-worth by Forbes Magazine at $3.6 billion (approx Rs 21,000 crore).
Trade Well
Prateek Singh is CEO, MarketScientist
Ramanuj Mukherjee
Please tell us how you got this opportunity, what steps did you take, etc – thi can be great learning for the rest of us 🙂