General Trading Chat

[Rish]

Indeed "endanger species " Many will spend whole life for holy grail system, or chasing after tips..but they don't understand that ,trading is a marathon and amazing opportunities come to those who have thoughtful plan and patience .Timeframes are key and patience can mean waiting an additional 15 minutes, an hour, a day, or a week, or legging into weakness or out of strength similarly, exiting profitable trades in fractions (while raising stop-loss levels) allows you to let them run and maximizes profits.

:thumb::thumb::thumb:

 

[Smart_trade]

ST sir, I am posting a chart of Reliance infra with markings, is it a "failed failure" or I am missing something.

Yes,Bulls made one more feeble attempt to hold the lower boundary and take the stock up but that attempt failed and the downtrend resumed....

ST

 

[vivektrader]

Yes,Bulls made one more feeble attempt to hold the lower boundary and take the stock up but that attempt failed and the downtrend resumed....

ST

Sir, if originally we were short, we should probably get out when price closed back in range before SL is hit, now, should we stay out or treat it as failure and enter from long side?
I guess one will have to change direction thrice?
Can volume help here?

 

[Smart_trade]

Sir, if originally we were short, we should probably get out when price closed back in range before SL is hit, now, should we stay out or treat it as failure and enter from long side?
I guess one will have to change direction thrice?
Can volume help here?

Yes,the upmove had very low volume,we were still below average line which itself was sloping down.So don't go long. Long was justified if we were in uptrend or we make a visual pivot high above ERL and take out that PH otherwise we look to short again.

ST

 

[lemondew]

FT traders in F n O dont ve to show short term capital gains. They ll show Business Income. And so this figures dont cover them.

http://www.livemint.com/Opinion/OZsNnsUQMwhlcHUajCAcHL/How-many-traders-does-India-really-have.html

Well, we the traders, are 'endangered species' it seems ! :lol:

 

[Punter786]

Singapore not happy with India's "singles", that is 7.5% growth! Want one or two points addition to take it to 8-10%. http://m.economictimes.com/news/eco...-singapore-deputy-pm/articleshow/53883367.cms. :rofl:

 

[nirav_j]

What's funny ?

 

[Punter786]

Stumbled upon one more Paki traitor :lol:

http://www.businesstoday.in/opinion...r-cent-and-not-7.6-per-cent/story/236196.html

 

[nirav_j]

Easy to identify one of our own.

 

[DSM]

India is an elephant, and on a global stage, can pull its own weight. So it need not run as fast as the cheetah, or fly like an eagle but that does not matter, as it has it can stand on its own and should not feel inferior in comparison to others. Though we could have and can do much, much, much better. As regards to our economic growth, even if it is 4% or 5%, that is in terms of GDP size quite an achievement. For comparison, one student may improve 20% from a base of 40 to achieve 48, whereas on a base of 90, 5% improvement works up to 95. Hence comparisons can be misleading. At present, there are no other major countries that have growth rate comparable to India with the exception of China (though I do not believe their figures, and even if true, have come at a great cost) So is it any surprise why FII, multinationals etc want to set up business here?

Now having said this, if some economist says that our real growth is 3.5% or 4.5% should it matter? Do we need to have so much of a fragile ego that we get worked up to attack this opinion? It would be silly to waste time refuting each and every critic. We could also say from the perspective of the critic, there may be some validity in their thinking... But that should be taken up as a challenge to do better....

We do have a good guardianship of the economy. However, there is a lot of scope for improvement. Rather than resting on our laurels, we need to take inspirations from other big countries who are world leaders and have achieved economic growth and development, especially having come back from ruins. E.g Germany and Japan both had economies destroyed by war, but are economic engines of world. China too has made impressive gains leapfrogging ahead of us (though comparatively they had been laggards at one point of time) However, there are negative lessons too from China as the economic progress cannot be accepted at cost of environmental pollution and dependence on exports....

So while we all have opinions, and even if we disagree about them, or have different perspectives which lead us to different conclusions, it is not appropriate to get personal and pull one another down. We are much more and much better than this.... Just my view... Enjoy and have a great weekend.