Why Technical Analysis ALONE is USELESS - Part 2 | P R Sundar
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- Опубліковано 27 кві 2020
- Why Technical Analysis is useless for trading in stock market | 2 Major Disasters Technical Analysts faced in past 12 years | Does P R Sundar use Technical Analysis? YES, but...
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Topics covered in this video:
- Is Technical Analysis Useful?
- If yes, why? If not, why?
- Should you never look at Technical Analyses?
- Do I look at Technical Analyses?
- 2 disastrous incidents for pure Technical Analysts.
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#TechnicalAnalysis
I did technical analysis for 1 year and I kept losing, I learnt my lesson, I started doing simple logic ...buy good business on dips...and my account rose like anything, hence he is very right.
hi sir, I think your right sir I too spend one year no good result, how you analysing good business stocks sir? could plz tell sir your experience may help for me, Thanks
I traded 6 months only based on technical analysis and end up with good returns. It's all happened bcuz i found my own strategy which suit my psychology.
Just ask yourself why did you fail?? Why i doesn't worked for you? Maybe you didn't back tested your stategies?? If yes maybe your probability of winning is less? Then you have many option which suits your style. There is gann theory, dow theory, elliot wave theory, fibonacci, pivot points. All are high chance of winning methods.
PRICE IS GOD. if you don't know how to read them in chart then you fail. Otherwise become an value investor by analysing good stocks
@@karthiknallathambi5119 sir might be your point could right but I almost spend 1 year to learn every technical analyse but non of these thing work really even i control my psychology good on sl and target but non of these works in continually event i found one holy grill thing you can find top of the market and bottom of the market but event that too has some draa backs so i enter in to option is good and one thing your should know no hedgefund manger using technical analysis event not fundamantl too
only hedge is good for them that's why they are being richer
@@karthiknallathambi5119 bhav bhagwan che ha 😂
No particular system works in stock market.... 💯% valuable quote...
Dear Sir, your point of view is clear my many, many unknown doubts, we want learn more lessons from you. Thank you for being with us.. Continue your good job..
From the video part 1
Sir is trying to convey a simple message that "Don't only depend on Technical analysis" which means look at other aspect too like news, stock financial and other aspects.
Still many people are showing ignorance and getting angry without even listening properly what he is trying to convey.
Yeah i know the same thing could be conveyed. But in the end you are the only who will need to learn grow and decide what you have to do. Simple as that.
I appreciate ur confidence in ur self👍🏾 we have to see everything.
You are talking at a different level sir. The scale of operations is also a key factor.
Hello sir in this video you good explain some examples for learners.i request you please tell us which type of data as a addition in technical anaylsis for chances of increase winning accuracy.for example option chain data,fii dii data track daily basis.
Good afternoon sir ! Attended your webinar , I got a new perspective on options , did not know we can hedge ATM straddle with OTM options ( buying ) Thank you for sharing your life it is inspiring ,god bless you .
PR Sir, what a wonderful explanation about technical. I'm a beginner, it was very helpful. Ungal porumayana sorkal migavum pidithadhu. Mikka nandri.
Thanks for the insights, much appreciated.
Off Topic : Your Monitor is way higher than your viewing angle, try to fix it else it will cause serious ergonomic issue in the long run. Take care sir 👍.
Sir, what is the name of the track playing in background, you have mentioned the channel name only. Please share full beat name or link.
thanks for this video it was an eye opener for me , I was also watching charts for late nights and still not having any profits. ❤
Thanks Sir. Really helpful info. And today i understand why nifty fall 15% .
Life experiences are shared to understand the use cases, its one's best judgement on a given day to play correctly.He rightly explained yesterday , you should not follow ones thought blindly . Thanks for all the awareness and videos so far, appreciate it , see you in the webinar.
sir, so many new things you are saying that even a so many years retail investor dont know. thanks for knowledge. now i am knowing how a high networth brain is working on market.....
Baah Sir, great. This kind of knowledge and expertize we really want and looking for truly authentic.
Thank you, it’s so full of market insights, which feels so honest because of your nature in explaining as a teacher. Humble regards. And salutes. You are educating people to not fall for easy path of psychological shortcuts of success. Kudos.
Appreciate your bold message and the confidence. When stock market is a business, information about stock market is bigger business and many are active and mislead consumer to the latter business and not the former!
Sir, with great respect to your expertise, I request to guide us the way to access the current news flow, and how to judge the effect on market move, correctly.
Thank you sir it's helpful. To know reality. As u say u watch everything what are the points to consider. Thank you sir.
Very well said Sir,
Your real-time example is amazing..!!
thank you for sharing your knowledge.
Thank you sooo much sir, this example really helpful in my ENTIRE LIFE. Because am also Trading with ONLY Technical Chart.
Not everyone is P R Sundar....Why so proud b humble
Indirectly you are saying don't attend technical analysis trainings attend my option training. Technical analysis gives direction of trend. without knowing the trend your mathematical calculations of option trading are useless. So don't make biased opinion on technical analysis to fool people.
Yes I agree he is proud of himself. Don't know people with this kind of aggression earn money. Kisi din market aisa chamkayegi isko zindagi bhar yaar rakhega.
@@rohitjain9837 already iski pungi baji hai , last time Nirmala candle n this time corona crash, options me adjustment karte karte fat gayi hai iski , islye abb training me paisa kamane ka dusra rasta select kiya unfortunately :p
Don''t think negative brother, somebody can bear loss 500, someone can bear 5000 that is the point
Why so much of bragging ?? Evn Warren buffet don brag this much. We understand ur hard work paid and u Ve become successful in life. But bragging so much will nly make ppl Ve bad perception on u .. with all due respect to one of d India’s most successful trader pls be humble..otherwise u r great ..
Good sir when I'm watching your video I feel like teacher who are guiding students right way with example 👏👏👏👏
Great insights. Thank you Sir!
Can you make a video on the resources one can use in addition to technical analysis? Like, any magazines, any website, any section of exchange/SEBI websites, etc. which need to be referred to, to form a wholistic view to make an informed trading decision.
Sundar, man you stand tall with this info. Yes I too was aware of that particular day.. initially television channels were saying that as a technical glitch... but later a fellow trader told me that.abt okay....hey thanks for reading comments though
Sir, you are doing wonderful job, I appreciate your efforts that you have taken to share your knowledge and experience with others, which no one does. Thanks a lot.
Sir
Please assist
When someone opening a dmat account, is a 3 in 1 account more beneficial...
Also which brokerage company is more beneficial whether full service broker or discount broker...
Excellant clarification. But is there any exhaustive list where to find all those information required ? How should one person starts ?
Sir, you are my inspiration. Someday I will definitely meet with you.
Nice Clarification, but in your last video you had clearly mentioned that Technical Analysis alone does not work. So what is all the fuss about. Sundar sir you are doing great.
Sir, Information and insights you are sharing in this platform are really helpful .
Since you have made loss in SBI trading , my humble request you to make one session on your analysis on SBI ,
This will help many of your followers as a lesson learnt study.
Thanks in advance .
Aravind
Hi sir, thanks for sharing the knowledge, one humble request from my side, can make a video about your journey in stock market. As a beginner it will help us in our journey. Appreciate your help
Sir you are giving much needed information in all your videos, thank you. Wishing You The Best. Warm Regards
Yes, some times we should have bit of luck along with technical analysis.
Nice video and i am really imress and following you on you tube . Logically you are sharing your video .most of you tubers not proffing when they quote something.
I want to know by the help of option chain webinar or any other course which conducted by you is it useful for investor those only want to work in cash market equity only . If yes please let me know i am excited to join.👍👍
good explanation sir. traders should look into news and other aspects as well.
One very wise person advised me to look at technical and fundamental of the company but the most important aspect is macro economics. Thank you sir for the detailed insight
Sir, did you close your Indusind bank hedging positions? What was the final outcome of that strategy?
Sir தமிழ் ல video போட்டா என்னை போன்று ஆங்கிலம் தெரியாதவர்களுக்கு உபயோகமாக இருக்கும்.
learn English Saravanan. Stock market does not run in Tamil
@@ahmedsk4965 thanks your advice sir முயற்சி செய்கிறேன் sir. ஆனா ஒரு விஷயம் தாய் மொழி லா sir அ போல இருக்கவங்க சொன்னா நல்லா புரியும் இல்ல.
@@c.saravanan4847 follow Tamil share bro it is highly useful
Well explained, very practical with perfect examples.
Thanks for sharing two scenarios. Good info brother
Sir, you lecture and advise and approach for trading are extrodinary .Thanks S.Nagarajan
Very good and solid knowledge sir jee. Regarding HDFC ADR trading in U.S.and strategy deployed by u.Also it is eye opening session and your right approach how to trade in stock market. Thank you very much sir for your genuine effort for sharing this type of information. Avoid all the noises sir.
you r really an expert according to wall street.
Your pre market points are very useful...
Nice collation of worldwide events as well along with markets
Nice Sir waiting for your next video..!
You explained whole concept upyog it's skeletal level. Thanks sir.
Very good practical advice to everyone. So everyone should manage their risk during investment.
Thankyou sir for opening our eyes🙏 sir one qsn, what do you mean by "other thing also" along with TA ? Please reply 🙏
Great video sir again... Your suggestions are very useful... Thanks for sharing in UA-cam...
you perfectly said sir there is no particular system works in stock market if there is any.....then all the money will go to that person in a single day
i like you very much and your hedging method to avoid losses in a volatile situation ......hope you can make more videos for the persons like me thank you sir i have learned many hidden things of option writting by watching your videos thank you sir once again.....
Sir i totally agree with you. Can you suggest me ...shall i hold in equities of Insduslnd bank stocks as i have bought in bulk @394
A very gud comeback with ur prudence melting down the hot brew. Pls continue ur advises as it wud b very useful for young generation fm meandering the main motto of living & prevent them fm building castles in air..
What are the data points to be consider while doing intraday trading
Please make video on this topic
When will we get webinar links...and payment confirmation
hi sir. All your videos are really inspiration. can you tell are there any books about derivative trading that you d suggest
According to me technical analysis wont work only in some events like elections,rbi policy,results,uncertainity in global etc technical analysis plus some data caluculation will give us 85-90% accuracy and 99% of traders they do not do their own analysis they follow others
If technical analysis does not work then what is the use of attending paid courses and workshops..
you are right sir
Your presentation attitude have changed....😎
🙏🙏 love u sir .. u change my life . I always buy obtion. And loss.. see ur vedio .. start obtion. Selling.. get profit..
Even I don't use technical analysis, but I use it like a route map.
yes we can use it as a range predicting ...
@@rajusubbramanian2991 yes ,
What is route map? Where Will I find out the materials?
i Can correlate my current position(from last 5yrs) to what you said between 1.15 to 2.05
Awesome Explanation.... salute Sir.
Sir I always forget to click like button..and switch to another video instantly.. Now on I am going to like first. 👍🏼
100% Agree with you that we should have a 360 degree watch on the markets !!
Straight forward I just loved this video sir
Great explanation..! Thank you
Sir good morning,Great explanation thank you.
I have totally agree with you and also market goes his own way, follow none . Only nobody knows what will happen tomorrow.
I learnt something today,thank you Mr Sundar
Good to know these 2 historical fact.... thanks
Sir how to start journey in stock market to become successful trader like you.
Dont call useless, please define as a worthless .
In this planet everything is mine and useful.
Great 👍 explanation sir 🙏🏻 I became big fan for you, not by seeing this video 😜 the way you explain things. Kudos sir
Sir, please tell us apart from technicals and news,what else we need to look into
Very good information sir. Thanks.
Mr.Sundar - you are very genuine, I was confused and wondering all this days why nifty fall 15% and also I used to track HDFC everyday, it goes 30points higher and falls... Thanks for the info on nifty fall and HDFC trading..
What should we look at along with technicals...plz include what do you look at in next video... thanks
Excellent video sir. Very useful to most of the investors.
Great one..... ground level experience
Well Explained Brother, I go with Fundamentals on top of Technicals even for Day Trading
Hello sir I'm willing to attend ur webinar.
But what if I miss the webinar. Can I get the video of it
U r video point to point we like that simple
In 2nd example even Lord Bramha would be helpless, forget fundamental analyst🤣🤣
Sir you are great , having deep knowledge about market, Sir please let me know what will be the timing of webinar at 1st may
You are correct, inside information is required to become successful investor
Both the examples you have given no-one can predict. So, lets say TA will obviously fail in those scenario ...how will you determine this actions.
I had so many questions on your last video and I have so many questions on this video as well. Above is just one of them. Please answer how will predict these actions and save your trade.
What a video, truly an eye opener. Pr sundar nailed it, as always.
Worth watching. Thank u very much sir
Liked your words Sir.... "Without any Gimic I am getting lot of views"
Thank god, I came across your video.. or I would have blindly followed the charts and patterns..thank u so much sir🙏❤️
I support you as I never based only on technical analysis, I follow all the data. That's why at the end of the month I'm with some good profit for last one year.
And Technical analysis is not bullshit. Now it feels good that you changed in part two.
Sir,
If i buy reliance futures and sell 1400 call n on expiry reliance closes 1450...
Will delivery be automatically settled?
As i have to take delivery in one position n give in other.
Thanks sir it's a million dollar insight. Wholistic approach what is required not only trading in any aspect of life. Black and white thinking is extreme and there is gray also. Thanks is not enough. I have come across all these extreme views, you have provided very good solution.
Since everyone is talking about 10000 level as resistance. What we can expect after that?
Sir, the scenarios you gave doesn’t happen everyday right? And I do agree your whole point ONLY Technical analysis won’t work. Trading constitutes many other small and minor indicators, fear, greed, sentiments, global conditions etc.
Dear sir, ur videos really explain a lot to people like me. Could u please make a video on how successful option buyers work?
What you are saying is pure logic as everyone is looking into the same technical tools like MACD, RSI, patters etc, then how come, one is losing and other is gaining....?
Same is true with position sizing or stop loss fixing....
Then how can we win the market..while playing in only equity...??
Probably....the first and foremost is the inside information, involvement of giant investors etc which reflects in Price Action Charts subsequently..
Then limiting the profit and loss by involved in both sides of the game
for a group of shares....
Could you plz comment or elaborate...
Thanks a lot sir, only bcz of your video i am learning lots of things about share market history. Personally i am very lucky to watch your video.
Bro...... Don't get into intra day options and margin trades......please be aware. It will kill u in short run itself