Going With The 60min Flow!!!

[Saint]

Does any one hedge its position ?

Hedging would be tantamount to putting a Dam in the River........since we want the Flow,no dams,and therefore no hedging.

Saint

 

[rakeshluthra430]

Extremely sorry for bringing this issue again....my nemisis, the Position Size.
Yes..you had explained it logically this Sunday and I seemed to get it...but i think im again confused.

See...we took 2 lots yesterday...at a risk of 120 per lot....now even if we buy 1 lot...we will be assuming more risk, as the stops are exactly where they were yesterday..on our original position. So basically we are risking 1.5% instead of 1% that we should be doing.

I am sure I am missing something important....wat is it, I dont know.

Kindly help in your spare time.

Sorry for bothering again,
Rakesh

ps: by lots i mean the basic unit...it may be 50 for some...200 for others. the idea is of risking a certain % of cap and buying/selling accordingly.

Saint,
Whenever you get time, kindly resolve this eternal confusion of mine.
And secondly, since I didnt take that add at 4025 due to higher risk, I will be in a position now to add at 4104.

Sorry for bothering,
Rakesh

 

[AmritaBasu]

I applaud u guys and the flow.

 

[man4urheart]

Current Position Of NIFTY in thread

Position Start Date: 15 -Sept-2008
LONG Since : 4062
Stop Loss:3995-15=3980
Profit/Loss in Current Trade = 4062-3980 = -82 Points

We change our Position to SHORT if NIFTY Trades below :3980

Current Position Of ABAN in Thread

Position Start Date: 15 -Sept-2008
Long Since : 2260
Stop Loss: 2285-20=2265
Profit/Loss in Current Trade = 2260- 2265 = 5 Points

We change our Position to SHORT if ABAN Trades below :2265

Current Position Of RELINACE CAPITAL in Thread

Position Start Date: 16 -Sept-2008
Long Since :1113
Stop Loss: 1011-11 = 1000
Profit/Loss in Current Trade =1113-1000 = -113 points

We change our Position to SHORT if RELIANCE CAPITAL Trades below :1000

 

[TFL]

NEWS: cnbc.com

Barclays Says It Is in Talks to Buy Part of Lehman
Fed Launches Emergency Measures to Calm Markets

 

[KomaL2099]

2185-20=2165 ...
2285-20 = 2265
which one is correct

current position of nifty in thread

position start date: 15 -sept-2008
long since : 4062
stop loss:3995-15=3980
profit/loss in current trade = 4062-3980 = -82 points

we change our position to short if nifty trades below :3980

current position of aban in thread

position start date: 15 -sept-2008
long since : 2260
stop loss: 2185-20=2265
profit/loss in current trade = 2260- 2265 = 5 points

we change our position to short if aban trades below :2265

current position of relinace capital in thread

position start date: 16 -sept-2008
long since :1113
stop loss: 1011-11 = 1000
profit/loss in current trade =1113-1000 = -113 points

we change our position to short if reliance capital trades below :1000

 

[Czar]

So frankly tell me how many of you guys, yesterday when saint according to 30 mins said reverse positions, thought: "The guy's crazy..., man what the heck, is he sure, the whole world markets are falling apart..."

 

[vpsarathy]

So frankly tell me how many of you guys, yesterday when saint according to 30 mins said reverse positions, thought: "The guy's crazy..., man what the heck, is he sure, the whole world markets are falling apart..."

Meeeee and today too
vps

 

[kapil123]

So frankly tell me how many of you guys, yesterday when saint according to 30 mins said reverse positions, thought: "The guy's crazy..., man what the heck, is he sure, the whole world markets are falling apart..."

Shows the power of SAINT again.. In fact somebody had even posted in this thread whether it was wise to hold the longs.

 

[Czar]

the reason to point this is if saint was not there would you have taken this call ? so the need for independent thinking is becoming a must, Saint is not going to guide forever (though I wish he will) but he is making too much money & soon is going to be bored of all the demands & questions