Selection of Instrument for Trading

As i have read the earlier post of URD in his blog that commodity trading can be an option to aspiring traders who are working in a permanant job becos of below reasons:

1. Commodity Market operates till 1100 PM so we can have a trading session of two-three hours after completing the regular jobs.
2. commodity instruments has mini contracts which can used for trading while learning phase as the risk involved in mini contracts are less which is very much necessary for survival in market.
3. You can continue your learning phase in the time bound manner till the time you succeed.

Therefore i am choosing the Cruide Oil Mini and Gold Mini contracts for my second phase of learning and will continue to use the DP Method as the main focal point.

I will continue to post all my day to day learning on my blog and request to the readers to comment for any improvement.

27.09.2016 Tuesday

Hi Friends

It has been a long time when posted my last blog post. The reason behind this was that i was not able to sustain in Trading using the DP Method. I did not blame this strategy whereas there were many mistakes from my side which lead to the failure of my this term of becoming a successful trader.

Notwithstanding the above failure, i have not given up my spirit of becoming the successful trader and i will continue to strive for that. I have decided to complete few things in the coming days:

1. I am going to read the YTC PAT series again and will make up all my stuff of trading based upon that.
2. Thereafter i am going to read all the posts of Blog of "Nifty Nirvana" and "Chart Technicals" and will then fine tune my already prepared stuff.

When i will complete the above steps thereafter i decide my next course of action.

In between i will continue to post my experiences and EOD charts analysis as per my knowledge and experiance.

Wish all of you Happy and Profitable Trading ahead!