General Trading Chat

[pareshR]

IT’S THE MARKET ITSELF THAT WIELDS THE ULTIMATE SCALE OF JUSTICE.


The market moves wherever it wants to go. It does not care about you or me. It does not play favorites. It does not discriminate. It does not intentionally harm any one individual. The market is always right. You must learn to respect the market. The market will mercilessly punish you if you do not play by the Rules. Learn to condition yourself to play by the 25 Rules of Trading Discipline and you will be rewarded.

By Douglas E Zalesky

 

[Dax Devil]

Thanks for the advice. Never said that market wont go down further we were just discussing corrections in bull markets so gave you some facts. . You trade your views and beliefs...I trade mine ...why argue....if it falls by another 1000 points I will be a happy person ( though I will be very surprised) as I can deploy more of my funds.And dont worry I have no leveraged positions going against me.....

Smart_trade

Oh smart trade, you got it all wrong. I do not argue. Nor do I fight. I just trade what I see. That is all I know of trading, friend.

 

[TradeJoker]

Fund managers spotted

 

[timepass]

Maybe nifty is trying for the 550 downside as it did after 2004 elections

 

[Dax Devil]

Its brutal today. Dow futures already down 300 points and DJIA is looking like it wants to test 15200-15400 levels Some more pain left.
Guess 7400-7600 in a few days should be on if global worries persists.
Untill then we trail out stops down with the market as you never know when a relief rally will eat into your profits. Jai ho

Look at weekly chart, riskyman. 2 options were there. 9300 or below 7900. Took 10 weeks to get it around 8600. And just 1 and half week to bring it down below 7900. Do we need TV experts to tell us where the market is heading?

 

[tvtaddy]

IT’S THE MARKET ITSELF THAT WIELDS THE ULTIMATE SCALE OF JUSTICE.


The market moves wherever it wants to go. It does not care about you or me. It does not play favorites. It does not discriminate. It does not intentionally harm any one individual. The market is always right. You must learn to respect the market. The market will mercilessly punish you if you do not play by the Rules. Learn to condition yourself to play by the 25 Rules of Trading Discipline and you will be rewarded.

By Douglas E Zalesky

You are saying 25 rules of trading, could you please post on these 25 rules of trading.

 

[timepass]

I think that the market is mourning the death of NSA level talks..

 

[Smart_trade]

Oh smart trade, you got it all wrong. I do not argue. Nor do I fight. I just trade what I see. That is all I know of trading, friend.

Yes my friend...I know that you are saying out of concern for me...but I was waiting for this type of situation and I have bought just 25 % of my total funds I want to deploy in this fall...so no worries.

For traders of course no long positions till the trend changes....traders have got to be short...

ST

 

[cinderblock]

This is a first for me. Shorts asking me to share my limits with them

How greedy!

 

[Riskyman]

Look at weekly chart, riskyman. 2 options were there. 9300 or below 7900. Took 10 weeks to get it around 8600. And just 1 and half week to bring it down below 7900. Do we need TV experts to tell us where the market is heading?

The guys that come on TV have a job to do. Their job is to paint rosy picture of the market so they can have more retail bakras in the net. How else can they sell their services? let us ignore them for good.

Today is a nice day to book some profits in short positions and hold on to remaining ones to see if we dip lower tomorrow. At the moment Nifty looking like its all set to break 7800 by EOD.