Friday, 17 February 2017

Trade like a Champion

As you all know, I have made a video tutorial on day trading called Champion Day Trader after years of experience and lot of efforts.  I have done this with only one objective and that is to help you learn the trading the best possible way, to help you shorten your learning curve and expedite the process of making a living out of it as early as possible.  However, to my disappointment, very few blog readers have benefited from it.  Most of the readers either look for shortcuts like tips or ready-made recommendations or look for discounts and other free stuff.  Most of the readers even fail to follow the system longer than 6 months.  And the ultimate result is a sheer failure for them as a trader.

Lets assume you subscribed to a Champion Day Trader video tutorial, understood the concepts properly by watching the videos again and again, got answered your doubts, followed this blog,  and practiced a lot by simulating at least past 1 year of charts, you could have traded like I traded today or even better than that.  Yes, it is possible.  More than half a dozen of traders, who initiated this learning process through mentoring or video tutorial some time back and continued to put their efforts in the right direction without giving up, are now reaping the benefits of it and making more than 20-25K every day.

I traded not only Nifty today, but Bank Nifty, Infosys, ICICI Bank, HDFC Bank.  Except HDFC Bank, in all other 4, there was a reversal trade setup with the flavor of Pressure play.  I have made 2 videos on the reversal especially and in other videos discussed the same too as well as a lengthy video on discussing Pressure play.  Now if you understand this reversal concept well, you can trade them and benefit from it, not only today but rest of your life.  Have a look at them,






For HDFC Bank trade, the reason was different.  I tried to trade it with the news flow that came during the market hours.  Now to learn how to use the news flow for your benefit, you must need to watch the video on the news flow.


So today if you traded in these stocks, these setups with the available set of knowledge, you would have made more than 10K by trading only 1 lot and booking at the smallest easy target, more than one time cost of Champion Day Trader video tutorial.

If it is possible then why to go for tips or short cuts like this and spend thousands of rupees on it every month and be dependent on someone else?
Even after spending so much what you ultimately get is like this or much worse.








Hope you will take this post in a positive way and start putting your genuine efforts in learning the concepts and the real reason behind them rather than relying on patterns or setups in isolation or tips  and shortcuts,

9 comments:

  1. I fully support your cause Uday.
    To update all that I am new to the blog and have subscribed to the captioned tutorial just 2 days back.Believe me I have subscribed to YTC and Al Brooks also.The way Uday has made the tutorial , its really joining the dotted line. Its worth every penny. People loose money in lac(s) in day trading and this subscription fee is so low that you might recover the same in a single day.
    There's a wise saying that " reading books is getting the authors' years of knowledge and experience in a few hours and that too by paying a meagre "Dakshina".

    ReplyDelete
    Replies
    1. Thanks Manoj for your valuable feedback. Take you own time in understanding the concepts. Never be in hurry. Focus more on understanding the reasons behind the price moves.

      URD

      Delete
  2. Dear Daveji

    Why not a short below 8847-NIFTY around 13.05 hrs ? It is below DO, BRN and current range high. But,because it is outside GAP- Long- you avoided shorts? I am reading the Charts. Pls give your reasoning.

    Veer

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    Replies
    1. Veer

      You try to attempt a V-shape reversal in that trade. Normally prices do not reverse in V-shape. They move some in one direction, then consolidate, create a balanced area and then may be ready for the next move. Plus there were already 2 big moves, one from open to BRN and after that BRN to DO, 50+ points. Now the third move immediately???

      URD

      Delete
  3. Hi Uday sir

    You have good experience and track record why don't you try TOPSTEPTRADER, Which give more weightage to you in future.

    ReplyDelete
    Replies
    1. Anon

      I don't believe in trading for others and also I don't want others to follow my trades. Trading capital is not an issue for me right now. So in short I see no convincing reason for me to go for that.

      URD

      Delete
  4. No BOF at BRN/PDH, in fact no DP breaks after open, how you take this trade as PP.
    If any BOF at BRN then i would agree.

    Pls throw some information about this.

    Naveen

    ReplyDelete
    Replies
    1. Naveen

      BOF makes the PP more powerful, but it is not the essential. BOF may happen, may not in PP setup. That is the reason I mentioned "flavor" of PP.

      URD

      Delete