Wednesday 25 September 2013

No Need to Blowup your First Account!!

Dear Investors,

During your career in the markets,
1. Did you blowup your first trading account?
2. Do you think this event is nearly a certainty with most?
Honest answers are most likely YES!

I read about one such trader who did not blow up his very first account in 'Millionaire Traders' book and his name is Mr. Hoosain Harnekar from South Africa. Now here is one more name, i know now, Mr. Akhil Arora, an Uttam Trader. More about him and his statements are given below.

Akhil Arora, an expert at video-games, after completing his M. Tech, was roaming around for one year in trading forums for learning market operations without making any real trade, then one day he landed on to my famous TJ thread. He kept on tracking me closely and finally took the decision to contact me. His active mentorship period was from 16th Jan to 15th July 2013.

Now he is day-trading options along with swing trading on Stocks and Index-futures. His transformation in this record short-time is what makes him most special among Uttam Traders.
(1) Normally every trader blows up 3 to 4 initial accounts, this guy has been exceptional to withdraw 40% profits from his very first account.
(2) Normally traders take 3 to 5 years to break-even in trading business (I myself took close to 3 years), but this guy took close to 9 months only! His success only inspired me to offer Guarantee of Success to all future batches. 

Akhil has bright future in markets due to his Dedication and Patience!!

Wednesday 21 August 2013

Trade of the Lifetime on NIFTY - Update



























Putting my Contract Notes - To convey that i risk my money on my methods/ analysis!! ...unlike TV channel experts who do all the unaccountable blabber, on which they themselves won't put their own money.


Monday 29 July 2013

Washout Phase of Bear Market on NIFTY

Hi Friends,

My UWC method is telling me to sell every rise on NIFTY from here on-wards.



Good Luck!
Kamlesh Uttam

Saturday 18 May 2013

Greed Wave Trading

This method is very simple and based on objective Wave Personality. But how to make entry and exit to make money requires trading skills, because in the markets just being right about an impending move is not sufficient to make money. Precise & objective line of thinking along with correct trading skills are central to churn out money. 



Friday 22 March 2013

This 'Impossible' is actually Possible

Please click on this Image below which is screenshot of automated analysis from www.myfxbook.com of my demo account of trading at GCI MT4 terminal. This is a demonstration of the part-II of the Open Contest-Nov-2012. Many guys were claiming it to be impossible. Moreover, this is one of the 03 ways that i know how to answer part-II.


Sunday 13 January 2013

Result : Open Contest 02 - Nov-2012

Dear All,


Its a regret to announce that NO-body could submit any quantitative example to any part of the contest question of Nov.-2012.

Note - My attempts are confidential and will be shared with my mentees only.

Best Wishes!
Kamlesh Uttam

Wednesday 2 January 2013

OPEN CONTEST 03 - NIFTY Opens @Circuit (+10% or -10%)

A situation is being placed, before the whole trading industry, which always has non-zero probability, i.e., NIFTY opens at circuit price tomorrow. These are the out of control situations when we lose most of the value on our long term investments as well as our trading accounts are damaged badly. This situation is being discussed by Jack D. Schwager and William Eckhardt, The Mathematician, in Market Wizards in the following question.
JDS - “What are the practical implications of the (price change distributions) variance not being finite?
William Eckhardt- If the variance is not finite, it means that lurking somewhere out there are more extreme scenarios than you might imagine, certainly more extreme than would be implied by the assumption that prices conform to a normal distribution-an assumption that underlies most statistical applications. We witnessed one example in the one-day, 8,000-point drop in the S&P on October 19, 1987. Normal estimation theory would tell you that a one-day price move this large might happen a few times in a millennium. Here we saw it happen within a decade of the inauguration of the S&P contract. This example provides a perfect illustration of the fact that if market prices don't have a finite variance, any classically derived estimate of risk will be significantly understated.”
 1. What can be the possible reasons?
     (a)  For 10% Upside circuit. 
     (b) For 10% Downside circuit.
      2. What to do at market open if we are in the trade?
          (a)  If we are on the Profiting side.
              (i) If liquidity is there in your contracts?
              (ii) If liquidity is low in your contracts?
          (b)  If we are on the Losing side.
              (i) If liquidity is there in your contracts?
              (ii) If liquidity is low in your contracts?
     3. Any evergreen trading Strategy/System you can elaborate which will only profit from such a volatile event and can also make money in normal times?

Please Note:
1. Only the best attempt will win the prize of INR 1100/-. Mail your analysis to uttamsmethodofselling@gmail.com.
2. Prize money would be transferred through online NEFT transfer to winner's account.
3. Anybody (except my mentees) will be eligible for prize money, i.e., GIC subscribers or any other visitor/subscriber to the blog.
4. I will wait for the best attempt till 15th Feb. 2013.
5. Winner’s name would be published on or before 28th Feb. 2013. Your strategy will be published only after your consent for publication.

Best Wishes!
Kamlesh Uttam