We opened a Gap Up yesterday giving a feel , we have pierced back into the channel and will sail through.
Nifty Slapped on my face by the end of session saying "Bura na Mano holi hai "
Mostly my trades are in options and with such a truncated week , lets step aside .
Current Month Options are dangerous than Tiger's Canine and next month options its too early to start with. Who wants allow premiums to evaporate with no reason.
Lets refrain from trading for this truncated week and get into the festive mood.
Wish you all a very happy holi .
Lets Meet up here Sunday Night with plan for Next Weekdays trade plans.
SS
Dear
ReplyDeleteWhy u believe so much in the charts that you say charts, charts and charts?
I know successful trader fro London who is active in trading since age of 16 (now he is 33) who was also Goldman Sachs employee and retired from there at the age of 27 (after earnings millions in bonus from his successful strategies there) to start his own hedge fund with his money (now he lives in London).
He says he uses 80% fundamentals and just 20% technicals to make strategy to trade his portfolio.
Happy Holi dost :).
ReplyDeleteRanjan I think everyone has his own way of trading. If you are making profit with such strategy then u are doing good. :)..
Charts are really great to enter timely :)
Ranjan Dear :
ReplyDeleteThe idea of "success" stays in "uniqueness"
One has to be unique in idea's . Following other idea's can make few bucks here and there , but to make big , one has to create his own things.
Not just trading , in any field of life , uniqueness identifies a success.
I dont know neither want to know how london traders became millionare or what wall street folks turned the table.
I have no time from working on my set of liking/beleifs in trading.
Who wants to be another Warren Buffet ? Not me.
I have my own researched/practiced trading way , my own favorite trading instrument and mine own way of looking markets.
Getting inspired is fair. But blanking it out with following/copying is not good.
I had all my inspirations learning from Alexander elder , but he is wildly against trading options and I am almost only trading in options.
I dont know 3 years from now where you and I will be , but dont miss out my book "Flirting with Options" sometime in few years.
I trade just using charts. Call it my incapability of following news and trade or blame it on retail traders impotency of being unable to instantaneously cover and convert these enormous fundamental stories floating around.
ReplyDeleteA chartist believes all news all events get printed in charts , why to buy a television. Alexander Elder still not has a television at his house since 30 years.