Why Technical Analysis ALONE is USELESS - Part 2 | P R Sundar

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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...
► OPTIONS TRADING WORKSHOP: workshop.prsundar.com
P R Sundar has been regularly conducting 2-Day Options Trading Workshops in Chennai, Mumbai, Singapore, Bangalore, and other major cities for the past 5 years. Due to social distancing measures, he's conducting workshops online now. For details, visit the above link.
For queries, contact P R Sundar's office: 09150-609-409
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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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Опубликовано:

29 апр 2020

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Комментарии : 646

@kuldeuec 4 года назад

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.

@jeevajeeva2481 3 года назад

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

@karthiknallathambi5119 3 года назад

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.

@karthiknallathambi5119 3 года назад

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

@jeevajeeva2481 3 года назад

@@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

@jeevajeeva2481 3 года назад

@@karthiknallathambi5119 bhav bhagwan che ha 😂

@vitpowerguy 4 года назад

No particular system works in stock market.... 💯% valuable quote...

@vickysalunkhe8124 4 года назад

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.

@m.maruthasalam 4 года назад

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..

@brass-123 4 года назад

I appreciate ur confidence in ur self👍🏾 we have to see everything.

@shivaraml5692 4 года назад

You are talking at a different level sir. The scale of operations is also a key factor.

@manojnair9197 4 года назад

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 .

@pranjalsaikia8278 4 года назад

Not everyone is P R Sundar....Why so proud b humble

@ranchowangdu1158 4 года назад

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.

@rohitjain9837 4 года назад

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.

@ranchowangdu1158 4 года назад

@@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

@rvsmurthy4395 4 года назад

Don''t think negative brother, somebody can bear loss 500, someone can bear 5000 that is the point

@johnyrajmcc 4 года назад

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 ..

@pitambersharma1707 3 года назад

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. ❤

@thyag26 4 года назад

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 👍.

@AshwaniKumar-vn1wv 4 года назад

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.

@jkvel421 4 года назад

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

@pcriram 4 года назад

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.

@siddharthrana5068 4 года назад

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.

@rameshrana12 4 года назад

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.

@sasikumarm7793 4 года назад

Thank you sooo much sir, this example really helpful in my ENTIRE LIFE. Because am also Trading with ONLY Technical Chart.

@renoldjohn 4 года назад

Very well said Sir, Your real-time example is amazing..!! thank you for sharing your knowledge.

@biswajeetdeka7769 4 года назад

Baah Sir, great. This kind of knowledge and expertize we really want and looking for truly authentic.

@Ratznair 3 года назад

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!

@KARTHEEK_N_B_S_KUNALA 4 года назад

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.....

@rameshotturu434 4 года назад

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.

@conanlee3816 4 года назад

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

@c.saravanan4847 4 года назад

Sir தமிழ் ல video போட்டா என்னை போன்று ஆங்கிலம் தெரியாதவர்களுக்கு உபயோகமாக இருக்கும்.

@ahmedsk4965 4 года назад

learn English Saravanan. Stock market does not run in Tamil

@c.saravanan4847 4 года назад

@@ahmedsk4965 thanks your advice sir முயற்சி செய்கிறேன் sir. ஆனா ஒரு விஷயம் தாய் மொழி லா sir அ போல இருக்கவங்க சொன்னா நல்லா புரியும் இல்ல.

@prabhu8069 4 года назад

@@c.saravanan4847 follow Tamil share bro it is highly useful

@DW-lp5ni 4 года назад

Thanks Sir. Really helpful info. And today i understand why nifty fall 15% .

@aravindadhi8913 4 года назад

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

@saibabamahimaigal3877 4 года назад

PR Sir, what a wonderful explanation about technical. I'm a beginner, it was very helpful. Ungal porumayana sorkal migavum pidithadhu. Mikka nandri.

@yoghan777 4 года назад

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.

@ujvlogs1787 4 года назад

Even I don't use technical analysis, but I use it like a route map.

@rajusubbramanian2991 4 года назад

yes we can use it as a range predicting ...

@ujvlogs1787 4 года назад

@@rajusubbramanian2991 yes ,

@ganeshvasanth7003 4 года назад

What is route map? Where Will I find out the materials?

@arigaparthasarathy1153 4 года назад

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.

@sachinsaklani1331 4 года назад

And Technical analysis is not bullshit. Now it feels good that you changed in part two.

@YasinChauhan11 4 года назад

Good sir when I'm watching your video I feel like teacher who are guiding students right way with example 👏👏👏👏

@rajusubbramanian2991 4 года назад

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.....

@venkateshwarlu7832 4 года назад

Yes, some times we should have bit of luck along with technical analysis.

@wealthcreation2138 4 года назад

People want to copy your wealth but they don't want to copy your mindset and strategy.People see end product but not mentality,psychology and strategy behind it...

@shivakumara1793 4 года назад

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..

@sashipanwar1559 4 года назад

you are right sir

@raghunathp.v9985 4 года назад

Sir you are giving much needed information in all your videos, thank you. Wishing You The Best. Warm Regards

@positive_neutron1351 4 года назад

In 2nd example even Lord Bramha would be helpless, forget fundamental analyst🤣🤣

@kavidaswani8139 4 года назад

Thank you sir it's helpful. To know reality. As u say u watch everything what are the points to consider. Thank you sir.

@seekertruth72 4 года назад

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.

@suresh4922 4 года назад

Your pre market points are very useful... Nice collation of worldwide events as well along with markets

@jdfun8142 4 года назад

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.

@gimmatube 3 года назад

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...

@user-fg1tl8jm7m 4 года назад

Nice Sir waiting for your next video..!

@worldtravel331 4 года назад

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.

@nileshgada 4 года назад

100% Agree with you that we should have a 360 degree watch on the markets !!

@npradeepanand 4 года назад

Sir, you lecture and advise and approach for trading are extrodinary .Thanks S.Nagarajan

@rohitjain9837 4 года назад

In past 10 years . He finds only 2 times where technical analysis fails. So technicals has 80% win ratio which is enough for earning good money. Sometimes other things other than technical does not work. Calling technicals worthless. I do not agree might be misguiding us and increasing his win probability. Only increasing his expensive no of registrations to workshops to understand his analysis and ignore the technicals.

@nandhu63 4 года назад

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..

@TradinginZones 4 года назад

Not just technical analysis! I say this often in stock markets 'Nothing works and everything does'. It all depends on ones mindset! This very well explained in Disciplined Trader and Trading in Zones by Mark Douglas. Some being well off or not in the circle is purely a point of ones perception. He might lose trades but still be well off in comparison to other people, he might be winning trades but might lead a low profile, that in turn people might perceive he is not well off. While I agree one should not blindly follow a system, that doesn't mean Technical Analysis is bullshit. Period!

@ThinkBeyondTamil 4 года назад

TA is something everyone use ,But the thing is only the person who knows how to use the technical analysis properly wil be in profits...... First learn and earn.. sir ask ur friend to learn technical analysis properly,,how to use each tool in a combined way so that probably of winning the trade would be higher. Thanks :) Waiting for ur class sir.

@debkumardas1307 4 года назад

I have totally agree with you and also market goes his own way, follow none . Only nobody knows what will happen tomorrow.

@ganantharaja 3 года назад

Well Explained Brother, I go with Fundamentals on top of Technicals even for Day Trading

@retailtrader2264 4 года назад

one example, 2 profitable trader, one from option buying and one from option selling. they will always criticize each other methods. and third person who is trading in futures will criticize both of them. so i feel let trading be secular and respect each other methods and practices. but hats off to you for raising awareness sir, i feel that is your purpose too behind running this youtube channel. _/\_

@deeru1232 4 года назад

Your presentation attitude have changed....😎

@MrChivao 4 года назад

Liked your words Sir.... "Without any Gimic I am getting lot of views"

@buzzsubash 3 года назад

Great explanation..! Thank you

@travelfreakphani5933 4 года назад

Very good practical advice to everyone. So everyone should manage their risk during investment.

@learntoearn202 4 года назад

You are absolutely right, technical is part of trading not whole of the market. So with the help of data, technical can suggest some probability.

@leothegroup 4 года назад

Well explained, very practical with perfect examples.

@swamyc546 4 года назад

Dont call useless, please define as a worthless . In this planet everything is mine and useful.

@rajkumarneogi6995 4 года назад

Awesome Explanation.... salute Sir.

@durgacharanrath9498 4 года назад

Correct. Thank You Sir.

@vaibhaorathod 4 года назад

Sir I always forget to click like button..and switch to another video instantly.. Now on I am going to like first. 👍🏼

@anuragmishra2104 4 года назад

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.

@shafeeqmuhammed6602 4 года назад

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

@ringingthebells307 4 года назад

Technical Analysis works excellent when there is momentum in the market otherwise it may fail. Definitely knowledge of other factors will also help a lot and it can not be denied . Since, everything is discounted in the price , price action of the market too tells a lot but one should know how to read them /interpret them. Pl don't take it as a criticism, I m learning a lot from u and thanks for such valuable information u posts here.

@StraddleRaja 4 года назад

Thanks for sharing two scenarios. Good info brother

@rajeevlochan3860 4 года назад

You explained whole concept upyog it's skeletal level. Thanks sir.

@suresh4922 4 года назад

Great video sir again... Your suggestions are very useful... Thanks for sharing in RU-vid...

@krishnamurthyramala1048 4 года назад

Very good information sir. Thanks.

@mohammedriyaz4009 4 года назад

This video is very good, people can know how risky is share market trading on charts, without having proper knowledge. Nice of sharing 50 lac erroneous trade experience.

@lochanchaudhary2586 2 года назад

What a video, truly an eye opener. Pr sundar nailed it, as always.

@vseshadri6226 4 года назад

good explanation sir. traders should look into news and other aspects as well.

@joyraam 4 года назад

Sir, you are my inspiration. Someday I will definitely meet with you.

@dharmaaurvigyan9135 4 года назад

Sanjay kosh ji ka comments mujhe sbse shadar laga jitne bhi cmmts me dekh paya unme.. PR sundr ji ke commnts me is levels ke followr ko dekh khushi hui... Iske liye pr sir ko badhai...mene ek yt chnl pr apka BULLSHIT TA pr ldai kr li thi ...unke followrs apke fans jese wise nhi the...bina sach dekhe rply kre...pr thts yt chnnl prsn vry humble .e fan hooo unka ..bs vo thoda progm sellers bnte jare the...to unko shake out kiya tha

@mayasweety8954 3 года назад

Thank god, I came across your video.. or I would have blindly followed the charts and patterns..thank u so much sir🙏❤️

@candletrend5400 4 года назад

Thanks for the video sir.

@Maya_here.565 4 года назад

🙏🙏 love u sir .. u change my life . I always buy obtion. And loss.. see ur vedio .. start obtion. Selling.. get profit..

@tejaspatel5251 4 года назад

you r really an expert according to wall street.

@harshnexus6738 4 года назад

Genius mind and brilliant sense and truth teller he is not here to make money he already made tons in trading we are lucky that we get true knowledge thanks sir

@prohind 4 года назад

I fully agree with PR Sunder. Technical analysis uses extrapolating techniques on trading data. As there are so many forces at play that decide the market direction, technical analysis alone is not enough. I would say even with lots of experience in trading, market behaviour always remains unpredictable. All technical analysts starts with if trend is UP then .... If trend is DOWN then .... but they will never say whether the trend would be UP or DOWN. It's like predictive if you throw a ball UP, it will come DOWN. Technical Analyst doesn't know if the falling ball would be picked up by another flying object and then dropped on a roof top or dropped after taking it further high or dropped into a deep pit.

@KunchaalaRamanaiah81 4 года назад

i Can correlate my current position(from last 5yrs) to what you said between 1.15 to 2.05

@senthilpandiyan6134 4 года назад

i am hats off to you sir.you only talking bold about nonsense stuff in trading.if come trade dont watch fundamental & technical its not helping to make profit must analysis all news(technical,fundamental,future) and take decision.i am big fan your speech& inspire trading,most people looking your strategy but they dont analysis its goes wrong what will do because you only know the way my humble request its not correct but i dont have other choice next time please share your option also they can aware .Thank you sir,i follow you and make profit 30K in one month with out loss i hope in future its go positive.Thank you sir,i want your blessing not only me all mid class family.

@govindang9303 3 года назад

Our life is like that. At any time anything will happen, but we live with hope

@lagbaba1074 3 года назад

Thkq for great... advice 👍

@sumitbobade4468 4 года назад

Great one..... ground level experience

@sumeetjain8445 4 года назад

Good to know these 2 historical fact.... thanks

@sasirekha6293 4 года назад

Worth watching. Thank u very much sir

@sambasivaraoponnuru4063 4 года назад

Excellent video sir. Very useful to most of the investors.

@ajaybarik1236 4 года назад

Pl don't fall in trap that TA doesn't work. Stk mrkt is completely a mind game. One sud understand it but it is not so easy, takes time. Friends, nothing is impossible in this world but one has to try religiously & judiciously. Success is must

@chetanphalak7192 4 года назад

Straight forward I just loved this video sir

@MrBazukaz 4 года назад

I learnt something today,thank you Mr Sundar

@ashishpandey9823 3 года назад

Clarified beyond comprehension 👍

@satyanisth3501 4 года назад

Father and son .. both r dominating RU-vid... finance and tech fied... ✌✌👍👍

@sadhashivakumar543 4 года назад

Dear sir With due respect, I would like to say one thing . You have got lot of experience and proven yourself as a best option seller in the indian stock market . Now you are making some good videos with best content. When you tell anything there are peoples who may accept and some of them reject with your opinion. Being an expert in your field you don't have to answer them rather you can ignore them and keep going. A person like you ,no need to respond to them rather excuse those negative comments for their ignorance . Hope you understand

@RaviChandran-og9yu 3 года назад

You are correct, inside information is required to become successful investor

@ferozmohammad2957 4 года назад

atleast he realized the difference between "bullshit" and "useless" by part two.

@abhishekjangir5210 4 года назад

@@SmartCCOfficial mithha bolke charity k nam pr 50lacs+ kha jayga dekhna as everyone is doing bcoz 50k koi itna jaldi nhi deta pr 1k easily de denge 5000x1000 10x50000 Kma liye easily

@abhishekjangir5210 4 года назад

@Sanjay Khosh this is a marketing strategy which is used by most of companies which only target the human phycology same as trading, In stock market these guy's are trapped by institutions and in other market trapped by these types of guy They don't think that to become a successful engineer or doctor it takes 7 to 8 year of leaning and hardwork But in stock they think that they'll become successful by joining 1 hour webinar of these chutiya's

@shabierism 4 года назад

@@abhishekjangir5210 -Bhai aapne kya course ke liye payment kiya hai?

@rohan852 4 года назад

Hahahaha

@rohan852 4 года назад

@@nawazkhannawab9142 So true..

@MrTECHIExBHARAT 3 года назад

SPOT ON!!!

@TheRogueTrader_ 4 года назад

seriously sir, hats off...!! the knowledge which you are sharing are mind blowing. the video on India VIX, indusind bank and infy earnings trade i backtested it. and i'm implementing the reducing the risk on option selling through VIX. forget about the negative comments sir, even i have experienced the same blind folded monkey in my stock market career. trading technical analysis solely is completely useless. i agree with that