General Trading Chat

[amitrandive]

Things to know about bear markets
http://www.subramoney.com/2016/02/ha-ha-the-bear-market-is-here-and-growling/

What if the market has fallen 20% and your portfolio has fallen 25% ? were you in a bear market even earlier
And you are expected to stay calm. The only way you can stay calm is by knowing this:

• bear markets and bull markets are linked. One follows the other.
• Economists say it is healthy, but when it happens, they see whom to blame!
• if you are a new investor and you do not panic, pinch yourself. New investors will be made to panic by the MEDIA.
• Bear markets are easy to handle if you stay away from ticker channels
• Markets are emotional. So people who were looking for better entry points panic instead of buying.
• You cannot go wrong buying some brilliant scrips, but I dare not name them in a public forum.
• Buy and hold looks good in a bull market. The media will now do articles on ‘how debt would have given you better returns’
• Your job is to laugh when you are actually scared
• Fund managers will suggest rising SIP for 240 years or their retirement which ever is later
• You should also talk to fund managers who have retired
• If possible you should talk to Long Short Fund managers who have more flexibility and are expensive to hire!!
• Talk to traders, brokers, investors and fund managers – you will get a balanced view
• Your favorite market pundit (no I am not one) will not be able to help you, you have to do it yourself.
• Investing, sex, swimming, driving, running, cannot be learnt from books.
• History is a great indicator of what all can happen. What is happening is new.
• Fear is natural, media watching and panic is optional. You are choosing it.
• Discovery, MTV, National Geographic, can teach you more about fear and panic than the ticker channels.
• Seeing ticker channels is foolish, reacting to them is fatal.
• Staying calm is the only solution, but then, meditation has to be learnt, it cannot be taught.

 

[cinderblock]

NF will hit bottom when Arnab starts to yell "Sell" on his daily newshour show

 

[Real_Serios_Trader]

What Time SBI Result ?

 

[wisp]

Things to know about bear markets
http://www.subramoney.com/2016/02/ha-ha-the-bear-market-is-here-and-growling/

What if the market has fallen 20% and your portfolio has fallen 25% ? were you in a bear market even earlier
And you are expected to stay calm. The only way you can stay calm is by knowing this:

• bear markets and bull markets are linked. One follows the other.
• Economists say it is healthy, but when it happens, they see whom to blame!
• if you are a new investor and you do not panic, pinch yourself. New investors will be made to panic by the MEDIA.
• Bear markets are easy to handle if you stay away from ticker channels
• Markets are emotional. So people who were looking for better entry points panic instead of buying.
• You cannot go wrong buying some brilliant scrips, but I dare not name them in a public forum.
• Buy and hold looks good in a bull market. The media will now do articles on ‘how debt would have given you better returns’
• Your job is to laugh when you are actually scared
• Fund managers will suggest rising SIP for 240 years or their retirement which ever is later
• You should also talk to fund managers who have retired
• If possible you should talk to Long Short Fund managers who have more flexibility and are expensive to hire!!
• Talk to traders, brokers, investors and fund managers – you will get a balanced view
• Your favorite market pundit (no I am not one) will not be able to help you, you have to do it yourself.
• Investing, sex, swimming, driving, running, cannot be learnt from books.
• History is a great indicator of what all can happen. What is happening is new.
• Fear is natural, media watching and panic is optional. You are choosing it.
• Discovery, MTV, National Geographic, can teach you more about fear and panic than the ticker channels.
• Seeing ticker channels is foolish, reacting to them is fatal.
• Staying calm is the only solution, but then, meditation has to be learnt, it cannot be taught.

Which method/system do you use for trading? From your posts I feel you are probably trading many methods. Please tell me I am wrong.

 

[amitrandive]

Which method/system do you use for trading? From your posts I feel you are probably trading many methods. Please tell me I am wrong.

I just follow 20 EMA along with support and resistance.
All details disclosed in my thread.

http://www.traderji.com/technical-a...igh-probability-breakouts-364.html#post951375

 

[arsh22g]

SPX looks like at a support and oversold as per W%R, high probability of a bounce-back if some positive news comes

 

[jain.er]

It looks like a range bound day specially after volatile week...

 

[Smart_trade]

Ratio spread ie buying 7400 puts and selling 7100 puts 2X qty we did is in good profit. If liquidated today it is giving 74-75 points.

Smart_trade

 

[Smart_trade]

Ratio spread ie buying 7400 puts and selling 7100 puts 2X qty we did is in good profit. If liquidated today it is giving 74-75 points.

Smart_trade

One way of managing the trade from now on is if multiple lots done, book profits on 1/2 positions and from the profits buy 6800 puts to hedge the trade fully and make it a free trade....and leave it till expiry.

ST

 

[cinderblock]

Looks like after taking out the weak shorts yesterday NF continues on its way down.