Its a common saying in Stock Market that 95% of traders are Loosers & only 5% earn here.
Today reading comments of another thread Recovery of Loss, I suppose the above phrase is a truth.
Nothing against with that thread or its thread owner, but most Mudraa trader wants a Profit of 10-20% daily on small capital of 10000!!!!!!!!
How it will be possible????
A monthly 200% wants by everyone.
I know most of them are Prey of Mr.Market,but its like that only.
My only Point is BE REALISTIC.
If such a return is possible than we have lots of warren/Karney/Jones type of trdaers here.
But in reality none is here.
Small capital traders are only can bring fresh Fish for big or institunional traders, understand the very first Logic.
First Learn than try to Earn
But here every wants an extra income or easy money from Stock Market.
What is reality, all go in Vain & lost capital,they pump more & loose more.
No one try to take a technical course or Professional degree for it, but all wants Money only Easy money.
My words might be harsh, but writing truth for all benefitt only
Posting Gann squre technique.
Here Gann take odd nos & its multiples
Taking example of Crude running at 3400
Its square root coming at 58.3 so taking its round nearest odd no 57 & 59
So Crude is trading in square of 3249-3481
One can witness on chart that Crude had taken multi support near 3249 level
Even a Triple bottom formed & reversed from there...
So now how to trade on its basis
Crude range 3481-3249= 232
We will divide this 232 point range in 8 equal parts
12.5% - 3278
75% - 3423
Now Looking at weekly/Daily trend of Crude, as we all can observe Crude making higher lows, so we will haunt for buy signals with levels
After multi bottom at 3249 Crude opens with Gap up & never break 12.5% level of 3278
But as old resistance at 3330 level, long taken above 37.5% for above levels
This is just an example
we can use such methos for any script with Gann square method