Monday, May 31, 2010

Our education journey so far...

Last week had been pretty hectic and had to meet lots of personal commitments. A week with sense of achievment on personal front, but, had not been able to keep up with my PASSION, stock markets.

Let’s just recap the topics that we have covered thus far once to just refresh our memory.

We started with understanding the difference between Risk and Risky (http://ping.fm/DczTT). We primarily covered all the major, and most important rules of trading in that one topic. It is one of the most important post and the learning covered there under, which will form the basis of your trading as well trading psychology. It’s a great idea to keep re-visiting that post again, and again, and again….

We then covered some important Stock market terms. I use the word ’some’ because there are so many of them that one could write a full book covering all of these terms. (http://ping.fm/Uvuse)

We covered the importance and relevance of GANN techniques in our trading and stock market education. All my trading is based on GANN techniques. http://ping.fm/YhGXO We also learnt how valuable it is to use STOP LOSSes in your trading. STOP LOSSes are your LIFE JACKET in the stock market ocean. http://ping.fm/24kuH

We deviated a little to put in the post on Mayannaise Jar post (a MUST read), however, was a refresher that we should never forget to live life. Enjoy every moment that comes. http://ping.fm/bjE0O

We learnt constructing Bar chart, meanings of HIGH day, LOW day and how to construct a SWING chart using Bar chart. http://ping.fm/FWkar and http://ping.fm/wDtVn

Finally, we looked at Trading with the Trend http://ping.fm/cFIwX and Trend Determination http://ping.fm/Ml5j8

You might feel that I overemphasising on re-visiting above topics. However, in my opinion, if one were to understand and learn trading, analysing stock markets using technicals, then no one can ever over-emphasize on the above. These are basics and will go a long way in our getting trading education together. We learnt basic maths (addition, substraction, division, multiplication) and a language in primary school, very basic, looks like child’s play, which it is, BUT only once you have learnt it. Today, most of you would agree, these are the most used learning from 12 – 14 years of formal school education!!!!

That’s how it is with trading or technical analysis, or anything else in life!

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