I have updated commodity  trading levels for 18 January 2010 in my other blog

for the time being the trading levels for gold and crude oil for February Futures have been posted

Good Luck

I have started posting market calls in my other blog

For the time being the calls are related to futures and selected stocks in indian stock market

I will soon expand the call to world markets,currencies and commodities as well

thanks.

Well this is my first post regarding trading and this is my first blog as well.I have been trading / investing in Indian Stock Market for about three years. So speaking purely in terms of years I am quite new, but I have been trading, following the market daily and have put in tremendous amount of time on daily basis close to 10 hrs and sometimes even more.

Over the years my way of trading has changed immensely, I started with fundamental analysis then moved to pure technical analysis, but now I am using both fundamental and technical analysis in conjunction. However my short term analysis and trading decisions are based on technical approach.

Enough of information about me (that’s not important anyways) now let’s come  to the main topic “the holy grail”. No I am not going to tell about any magic indicator or any specific parameter to use or a time frame for consistent trade (Sorry to disappoint a few people who were expecting that but trust me what I am highlight here is better than indicators).Instead of that I am going to present a checklist of various experiences that you will have in your quest for becoming a consistent and a successful trader

The credit for highlighting these points goes to a person by the name “jaydaraniya” in icharts forum. I have just made the points in the form of a checklist so that readers can find it easy to assess where they currently stand in their development as a professional trader. I have added a few pointers here and there but tried to retain the content as it is.

You can go to my other blog and follow the link from that blog

How to use the checklist?

Six types of traders or we can say six board stages of development as a trader are mentioned. You need to find first where you actually are, once that is known you will know what challenges you will face in coming time, knowing that you are better prepared to face the obstacles. It will be like what a map is to a sailor. Once things become clear, you will enjoy your voyage around the trading world

I would like to say thanks to “jaydaraniya”, his article completely changed the way I approached trading and I am quite certain that it will have an immense impact on others who will follow the checklist and work towards the final goal of being a consistent trader / investor.

Good Luck.

I am finding WordPress a bit tough as I am new to blogging,therefore i have created another blog in blogger.

Please visit the above link for regular updates and free market calls , other information and general discussion

Sorry for inconvenience.

The strategies mentioned on this blog may not be suitable for you. Material presented here does not take into account your particular financial situation, investment objectives and is not intended as recommendations appropriate for you. You must make an independent decision regarding strategies mentioned on this blog. Before acting on the information on this blog, you should strongly consider seeking advice from your own certified financial or investment adviser.

Most of the posts and updates will be regarding trading (online stock, index, commodity, currency). My trading methods are based on short term technical analysis. I prefer to participate in the market as a swing trader. The blog would highlight the current swing move with specific entry and stop loss levels.

Please read the disclaimer before you make any financial decision based on any information present here

Feel free to write your comments and suggestions, I would love to address them as fast as possible.