Most Frequent:
What is Price- Analysis and Why
Price- Analysis?
A. Success lies in simplicity and as far
as Financial Market is concern. simplicity lies in PRICE because Price has all the information
and the first information. All type of Technical studies (like Dow, Elliot,Gann or Candle)& their
indicators like ( Trend lines,Channels,RSI, Fibonacci or pivot levels, Moving Averages,Oscillators, etc, etc).
The PRICE is the source of all the indicators and all the theory. The Price - Movement is the primary happening
and indicators are secondary part. Instead of learning how Technical Analysis works and how any indicator works
which is a very -very vast and too deep subject, it is advisable to put all our efforts in knowing the primary
segment itself the movement of the Price. Let us be interested in learning THE SCIENCE OF PRICE-BEHAVIOR
What is the success rate of your students and thus, of
the system?
A. Success has a different meaning for everyone. We believe
that trading should be a holistic approach to the markets. Changing one's
attitude and transforming psychologically; and developing the ability to think
and talk with the market, and not about the market is in itself a big success.
We define success as: No more Anxiety, Anger, Fear, Jealousy, Irritation,
Resentment, Boredom, Suffering, Unhappiness, orLying to others about your
results. Our success rate both financially and emotionally is in the 75% to 85%
range. And the satisfaction ratio of what you learn and realize is 100% We
attribute this high rate of success to the ongoing continuous education support our participants
receive.
So, We shall never make a LOSS-MAKING transaction, if we
follow the SHIKSHA WAY, TRUE?
A. FALSE. Even PERFECT Shiksha way Trades may trigger Stop-Losses, but they
are very few, say 2 out of 10, on an average. There is a mind-set and a
disciplined approach , which ensures reasonable profits over a period of time,
if The Shiksha way is followed ardently , sincerely, religiously. Few of the key
factors which may form the part of a detailed Disciplined Behaviour approach are
mentioned below :
1. Traded item ( Stock, Index, Commodity etc… ) must remain
the same.
2. Exposure – Quantity traded must remain consistent as per Shiksha
way .That is regular quantity in a trending trade and 50% of
regular quantity in a non trending trade. To know more visit Home.
3. Mental readiness to accept losses as Working Capital or as an
Expense for generating Business Gains is required.
4. Consistently Taking all
the opportunities ( Ofcourse , The SHIKSHA WAY ) and avoiding “ NOT TO TRADE “
when market is in consolidation phase.
These factors are discussed and
explained in a convincing way during the Training Programme through various Case
Studies and with the help of current and LIVE case studies and also with all the
major events and happenings.
If the system works so well, why share it? Why not just
consult or trade?
A. Firstly, all of us do trade. The founder, the
instructors and all our participants trade on a regular basis. The time frame
and the markets vary, but the approach and conviction remain the same. Secondly
about sharing knowledge: traditionally, knowledge has always a shared
experience. This is what fostered great leaps in science, technology,
philosophy, trade, and politics. The hoarding and use of knowledge for monetary
gain is a fairly recent development. We believe that we can create a community
of self-reliant and knowledgeable traders and investors. This has and will
continue to help our system prosper, and in the long run extend the ideal to
other areas of the financial industry.
I've had some terrible experiences in the past with
different systems. What is so different about your system?
A. Our system has been developed in an empirical way and
optimized more than a decade. It has even been tested against major events
including historical falls like:
- May-2000 (Ketan Parekh)
- May 2004(Elections)
- November-2005(Diwali)
- December-2006 / February-2007(Budget)
- January-2008 / May 2009 (Elections)
- February 2012 / 2013 Budget Event
- Including recent August, September 2013 major fall/rise in NIFTY from the High 6229.45 to the Low 5118.85 and subsequently major rise from the Low 5118.85 to the High 6142.50
In all of the above said events, Shiksha system has helped our participants
trade successfully, and investors to exit the market in time, and the thing we
are most proud of in our system is that our approach that teaches you
self-reliance; as opposed to reliance on some software or external information.
You may also refer to our homepage, specifically the section ' Why
Shiksha ?'
Can I participate in and master the SHIKSHA Training if I
am not Acedimicaly highly qualified?
A. Successful Trading is the result of an EXPERTISE gained through
disciplined attitude and consistent practice ( RIYAZ as in music ). It is a form
of art. Acedemic Qualification may not be of any relevance.
For
example a good sculptor may not be a qualified sculptor from any school of art ,
in fact he would have gained KNOWLEDGE in many other ways ( may require a very
long description if explained in detail ). SADHANA is the key word - where the
market is the deity ( the ultimate governing force ), sadhak ( the practitioner
like me , you etc ) and practice of sadhna with the right attitude and
perseverance.
In beginning while learning, Willingness to do and
accept the mistakes and the consequent losses until you understand the mechanics
of the system completely.
It is more a process of building MUSCLE
MEMORY . This memory resides in our sub – conscious minds and is developed to
through practice. In simple words, we learn cycling or swimming etc in our
childhood ( or later ) , but these activities, once learnt, we never forget for
the life-time, because it gets inscribed into our muscle memory by consistent
practice and by overcoming initial fears , initial injuries etc… Similarly
successful trading should be learnt in such a way that the trade evolves rather
than found but it happens through the RIGHT approach… SHIKSHA Training helps to
develop this approach.
What is the average time it takes a student to trade
profitably using your system? Are there steps to take or do you just jump-in
once you have finished the course?
A. The average participant starts trading successfully
within a month or so. Some go faster than others. It depends upon your
commitment and dedication to this approach. If you are an experienced trader,
you will most likely be successful almost immediately. If you are totally new to
the markets, you may expect to become successful in 2 to 3 months. We suggest
you start trading on a single contract basis (or a relatively small number of
shares in case of stocks) during the training period, so as to make sure you
understand the mechanics of trading. In any case, help is always at hand. You
can be assured of individual guidance during the course and our complete support
even after the course until you learn course completely.
Is the shiksha way applicable for long term
investing?
A. Our system is applicable across multiple time-frames;
and as such the idea of short-term or long-term is irrelevant. Depending on the
time-frame chosen, one can calculate and apply the system from 10 minutes to 10
years.
Is the shiksha way applicable in all the Financial Markets?
A. Yes definately, refer course objective "
Price Analysis".
Technical insights and
trending:
Does the system take into account and discount various
news and events with respect to market price?
A. The Shiksha way believes that all major events are
pre-discounted in the market price. Applying the system to some of the major
events in the past decade has consistently demonstrated that the price reflected
the events way before any news crowded the general populace; successfully
demonstrating that 'price has the first, and all the information'..
What about market trending? Can trends be gauged through
the system? Does the system work in uptrend/s and downtrend/s?
A. Yes. Trends are simply the nature of any market. Knowing
the nature of any market is the primary focus of the Shiksha way. Any market
spends approximately 1/3 rd of the time trending upwards, &1/3 of the time
trending downwards and the rest is range bound in a particular trend either
uptrend/downtrend. To know more how market behaves in an uptrend/downtrend please visit our
how market behaves.
How can I remain profitable in both up trend and downtrend?
A. To capture most of the market, the Shiksha way
emphasises on capturing the uptrend/s and the downtrends with equal importance.
Which brings us to the three words that need to be learnt to remain profitable
in any market: FOLD, HOLD and ADD; and in that order. Successful trader first
needs to know when not to trade; then, when to give up a loss making trade; and
only then, how to hold and add to a trade trending in their favour. There are
three rules that help with learning to do this the right way:
1: Cut the losses
2: Cut the losses
3: Cut the losses
We believe that one who knows how to take care of their losses, profit will take care of it on its own for themselves.
Is it possible to know the secret moves of
'operators'?
A. Remember, all the operators execute their plans in front
of our eyes. I.e. they execute all their orders in the same market as us. There
are no different exchanges for them. It's easy to see then, that all their
activities get reflected in the movement of the price itself. We need only learn
a technique of price -analysis that lets us understand these moves. It follows
naturally then that we would really be able to easily decode all their moves and
invest like professionals among professionals.
Can we know both: the entry and exit levels?
A. Apart from entry and exit levels we emphasize more on
knowing re-entry levels.
How to manage the gap up/down market opening?
A. Our system provides ways to deal with such situations.
Often, we are prepared to buy even when the market has opened with a high
gap-up, and sometimes we prefer to sell even when the market has opened
comparatively only a little higher and vice versa.
How do you deal with multiple time frames?
A. As a novice technical analyst, It can be a shock to learn that technical
analysis fails more than most books on technical analysis would have you
believe. But most times technical analysis fails because there are contradictory
pattern on two time frames for example, As a technical analyst, It always helps
to look at the daily trend within the framework of a weekly trend and an
intraday trend within the frame work of daily trend. This filters the patterns
and trends that do not find confirmation on the higher time frame. Therefore one
should consider filtering signals which are found on one time frame and reject
those that are not confirmed.
How do we overcome the fear of Stop loss?
A. We prefer to give more importance to Reason to Buy and Reason to Sell Off
late, we have realized that more often we missed out the major moves on FEAR of
being stopped out and not only that we also commit mistake of booking the profit
early with predetermined TARGET levels. Therefore it is preferable to take in to
account the Stop Loss Levels only when the trade really becomes unfavorable
to Exit, and Hold and Add In to Profitable favorable position with TRAILING
STOPS. Because we strongly recommend that "Profit booking is a crime" and of
course not booking the losses is a suicide.
Do you find yourself out of the Market often when you
use this system?
A. Yes, when a trend starts stalling, We get out there. We know we will
always get an entry in the next day or two when the Market is chopping around in
a narrow range, the system either does not give signals or at least give very
few. But we always know in which trend we are into.
Personal experience
and trader psychology:
Can we become completely self-reliant?
A. Yes. That's exactly our mission: To make sincere
participants market-literate, self-reliant and thus
financially-independent.
How much of a role does luck play in trading?
A. In the long run: zero. Absolutely zero. No one winds up
making money in this business because they started out lucky. It's not bad luck,
but bad thinking which makes people lose money.
There are some traders who have the necessary skills, but
don't succeed? Why?
A. Most traders who fail have large egos and can't admit to
their mistakes. Even those who are willing to admit that they are wrong early
on, can't or won't admit it later on in their careers. Another reason for this
is that some traders keep worrying about losing money. That acts as a
psychological barrier and ends up leading to failure.
Is risk management included in your training? Does it
vary from person to person or is it standard for every one?
A. Risk management is part of our course, which is standard
for everyone. However, we do consider variables such as account size, trading
background and experience, types of markets you are trading in, what your belief
systems are and the risk-reward ratio that you will need in order to feel
successful and comfortable trading. And based on that, we direct each
participant during our course.
The Shiksha way
differentiated:
Quite often, financial-advisor recommended support
levels get broken in a falling market and resistance levels get crossed in a
rising market, making them go wrong. How does your system match up to this?
A. We track our system with resistance levels along with drifting-sell levels in a
downtrend, and support level along with climbing-buy levels in an uptrend. This
approach generates and maintains a 80-85% success ratio of our participants and
thus the system.
To know more Why Shiksha.
Why is that generally after one buys, market is doesn't
go up; and post-selling market does not come down?
A. This is because most traders / investors confuse the 'correction of an
uptrend' as a downtrend and the 'pullback of a downtrend' as an uptrend -
leading to buying in a downtrend and selling in an uptrend. we need to recognise 2 types of trending buy trade of an uptrend and 2 types of non trending buy trade of a down trend and trade accordingly and vice versa.
To know how market behaves in an uptrend and in the downtrend please visit our home
page.
Prerequisites for the
Shiksha way:
I have never traded before; will this method work for
me?
A. Yes, it can. Just 15 days of trading experience is more
than enough. We have individually trained hundreds of traders over the past 10
years who are now successful, independent traders. Some times it is better to
have a clean slate. That way you do not have to unlearn predetermined ideas
about markets. Our past participants are diverse professionals ranging from
chartered accountants, technical analysts, main-brokers, sub-brokers, portfolio
managers to architects, doctors, engineers, house-wives and students.
What do I need to get started trading?
A. You will need an account with a broker, 4-color pen and
a calculator. That is one of the greatest things about trading; you can be in
your bedroom and still trade.
How much money do I need get started trading? Is there a
minimum account size?
A. We recommended a minimum of Rs. 50,000/- for the stock market and Rs.
2,00,000/- for a commodity account. Keep in mind that you have about 10 to 1
leverage. The slimmer the account, the longer it will take you to build up your
capital.
Course Structure and time commitment:
What is the course schedule?
A. The Couse Schedule, in brief, is as follows :
Session 1 (2
Days ): Mathematical Calculations , their explanation.Explaining Market
Psychology and trying to clear Pre-Conceived notions about Market Behaviour and
Personal Behaviour to trying and make one Receptive to SHIKSHA Ideology.
Session 2 (2 Days):Support/ Resistence – Trading Psychology –
Detailed Discussions on How the markets behave Explaining the Identification
of TREND – Uptrend , Downtrend, Pull-Back, Correction, Resumption of the
Original Trends etc…
Session 3 (2 Days):Explaining the Various
Indicators and the Theories in detail – their Identification Process and their
usage and How to arrive at - Why to Buy or Why to Sell - , Decision and How to
avoid giving huge importance to Support or Resistence or to Stop-Loss levels.
All of the above are Practised on a 6 month actual Data.
Session
4 (3 Days ):Live Trading Exposure for 3 live sessions and decision making
practice by synchronizing the knowledge gathered in the previous 3 sessions,
clarifying Doubts and trying to alter or inspire to alter the deep rooted
Habit-Patterns by giving Step-by-Step Instructions so that the Participant is
beaming with Self-Confidence-Strong Conviction and Freedom at the end of the
Course.
I have a full time job. Will I be able to trade your
system part-time?
A. Yes, most of our participants are occupied with one or more jobs /
businesses. It will not take you longer than 5 to 10 minutes to create a trading
plan per scrip. Our goal is to provide our participants the ability and skill to
trade fulltime if they so choose.
Is there a certain amount of time I must spend everyday
to trade?
A. No, there is not. It varies from day to day depending on
the number of positions you are in, or the number of markets you analyze each
day. It really should not take more than 5 minutes to prepare a trading
plan.
Is your system computerized or manual?
A. Our system is not based on graphical analysis. It is
based on statistical methods (i.e., price-analysis), derived from graphical
methods. So, in that sense it is manual. It can be computerized at a later stage
once you have enough practice and are well versed with the system. (Please note:
The Shiksha system is patented and any software or other application should be
developed for personal use only. You may not resell this application in any
form.)
Can SHIKSHA be used as a Programmed Trading
Technique?
A. NO.
There is a lot of Subjective Human Judgment required even
though it is Mathematical Tool, which is made amply clear during the training
sessions and even beyond.
Our Mathematical Tool can be programmed but
The JUDGEMENTS which are arrived at, with the help of the said Mathematical
Tools, can not be Programmed, we feel.
We believe, Trading is a
Skill, an ART.
A lot has to be said about the RIGHT Attitude, Timing
of the Trade , Importance of the effects of various theories coming into effect
in different Time-Frames and their inter-dependence, sequence of events and the
impact of different sequences in different situations etc etc etc… This idea is
explained in Great detail during the Training Programme and the Participants are
made aware of the RIGHT Attitude and even helped to develop one.
Do I have to go to the terminal or watch the screen all
the day to trade?
A. Absolutely not. But if you are spending your time
sitting in front of a terminal, then you are doing it wrong. You should have
your stops in place and let the market do what it is supposed to do.
Do I have to keep changing/working-out a trading-plan
during market hours?
A. Absolutely not,we need not carry out any changes or work out any
fresh trading plan during market hours.In fact,90% of all the preparation and planning
is done much more in advance. We always know in which Trend the market is into and we also know
"what to do" i.e to Buy or to Sell much before the market opens. We track the market only to
know "when to Buy and when to sell".