General Trading Chat

[varunkochhar]

The reason i ask people to post charts is that a picture can say a 1000 words and is easier to comprehend instead of numbers. I know people who want to short at every 100/200 points and they are getting crushed. Sure someday reversal would come and we would be ready then but why prepare for the bear party in Bull time.

 

[varunkochhar]

I always try to post charts with my reasonings. Let people laugh at me. The more charts i see the more confident i become of the power of charts and the more self-reliant i become.

 

[varunkochhar]

Because at the end when you become succesful as a trader you yourself would realise that it was the little things like price and volume which gave the true picture and not the holy grail indicators that you were after.

 

[varunkochhar]

And yes Daily charts can only be posted EOD.

 

[Smart_trade]

I always try to post charts with my reasonings. Let people laugh at me. The more charts i see the more confident i become of the power of charts and the more self-reliant i become.

Nothing for people to laugh at Varun Ji...keep posting your charts.When a person looks at the charts,he gets a clear picture and also new ideas of how to trade these charts.

Keep them coming....

Smart_trade

 

[NetFreak]

I always try to post charts with my reasonings. Let people laugh at me. The more charts i see the more confident i become of the power of charts and the more self-reliant i become.

Yeah, and we totally appreciate your efforts as it improves our knowledge too, so keep sharing and let the people who don't understand you, laugh as they are laughing on themselves.

 

[Rish]

Because at the end when you become succesful as a trader you yourself would realise that it was the little things like price and volume which gave the true picture and not the holy grail indicators that you were after.

:thumb::thumb::thumb::thumb::thumb:

 

[Smart_trade]

The reason i ask people to post charts is that a picture can say a 1000 words and is easier to comprehend instead of numbers. I know people who want to short at every 100/200 points and they are getting crushed. Sure someday reversal would come and we would be ready then but why prepare for the bear party in Bull time.

Every bull market has people shorting it at every 100-200 points with no trend change but thinking " aur kitna upar jayega ,neeche to ana hi hai".We have still not started steep rise in which these guys will get bruised very badly....

Smart_trade

 

[varunkochhar]

Just food for thought. It took Bank nIfty 17years (I am calculating it from 2000) to get to 18000. The next almost 6000 points (Well 5500 points) has just taken 5 months. If this is not a Bull market then what is.

 

[varunkochhar]

And if i remember correctly i had said in Jan. that this would be the mother of all bull markets and people just took it lightly. The biggest sign was the rebound from Demonitisation when everybody gave up on the markets. If it could survive that blow then it could only head one way and that was up. The second big indication was when the FII's had to eat humble pie for the 1st time in history, because inspite of their selling in December and January our markets rose like the phoenix from the ashes. They wanted to enter at lower levels but were forced to enter at much higher levels.