Long or Short Opinion

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nimish_rulz

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I am not getting a good feeling about being a bear about the upcoming job numbers the expectation is so low that it might easily beat the estimates. Estimate is -106k from 500k Last time around. If this beats estimates expect a rally back to 10,000 in a quick time due to short covering and a long weekend in US.

Exited all my shorts today Nifty, positional stocks, currencies etc. Will wait for this number and then re-enter. Placed a buy stop and sell stop 55 points below and above the current levels to automatically enter the directional trade according to the job numbers. Trade is on the dow.
 

AW10

Well-Known Member
Listen whenever I read your post you sound like a teenager who is eager to get into fights and arguments. All I want to tell you is forget about everyone else what they are doing and concentrate on your trading and if you want you can post your views. All I meant was people who are here are all smart and change their positions according to the market. The way you sound, I think you made millions in the last trade with your 2 calls on long and 1 put hedge strategy. I think trading is all about points because one person can have an invested capital of 10 crore and another 10,000 it is the return on investment that counts not the money you make.

Yes I was losing a lot of money in Jan down turn but I held on to all my positions and like savant sir explained being nimble on my trades I made my loss of 10 lacs into a profit of 15. I was again losing money in the fall of the market in April but again I minimized my losses and exited my position all of them in June. I posted it here but you fail to recognise that these were my long term positions and not short term.

I don't have enough trading experience to be right everytime and in everything what I do. But thanks to this forum and greats like Savant sir, Raunak ji, AW10, Saint sir, PT bhai I have learnt a lot. I am improving.

For your kind information I was the most bullish person when nifty fell last time check all my posts about earning season etc. I started giving sell call only when my system said that it is fundamentally very expensive and that was around 5300. I even expected Dow to touch 10,750 on the upside and it went up to 10625 and my targets on downside were met perfectly as well. Dow obliged with my targets perfectly and I made 1200 points in just 2 weeks trading on the dow.

This is no place for competition the only reason why I posted my last message about everyone made money here whether they were long or short is because you seem like a foul mouth and all I want from you is respect for everyone on the forum here. You had the guts to embarrass Savant Sir who later proved you wrong. You questioned his trades and did he make any profits later he slapped you with his actual trading file and only then you had the courage to believe him.
I am not the first person you are trying to get into argument, I have been watching your posts for ages and you have that tendency to pick a fight.

Sorry if you felt bad about my previous post it not my business to say what you should do or what you should not but I guess it will be good to maintain the decorum of the forum and limit your discussions to views and opinions rather than interfering personally.
Well said Nimish.
IMO, trading is very personal profession.. so better to watch ourselves and control our action. There will always be people with opposite view in the market.. and we need them. If everybody is on the same side (like ours) then how will our orders get filled.

But most of the time our ego comes in place and tries to defend our decision/logic and prove that we are correct. In reality.. WHO CARES. No one cares if some one is making Millions (cause some other person is still ahead who is making Billions), or someone is loosing millions.. what matters is ARE YOU HAPPY WITH YOUR RESULT. If yes, then good for you.. and if not then take different action and improve them.

Only person with whom I as a trader compete is ME and only ME.
Best traders know how to control ego, emotions and be humble to market.

Happy Trading
 

nimish_rulz

Well-Known Member
Well said Nimish.
IMO, trading is very personal profession.. so better to watch ourselves and control our action. There will always be people with opposite view in the market.. and we need them. If everybody is on the same side (like ours) then how will our orders get filled.

But most of the time our ego comes in place and tries to defend our decision/logic and prove that we are correct. In reality.. WHO CARES. No one cares if some one is making Millions (cause some other person is still ahead who is making Billions), or someone is loosing millions.. what matters is ARE YOU HAPPY WITH YOUR RESULT. If yes, then good for you.. and if not then take different action and improve them.

Only person with whom I as a trader compete is ME and only ME.
Best traders know how to control ego, emotions and be humble to market.

Happy Trading
Thanks AW10 again enlightening words. I agree with you 100% I can't look at Warren Buffet and aim to beat him or emulate him he is different he plays with billions and I can't. He has the power to manipulate the market I don't. I can only learn from him that how he makes his investment decision and then compete with the market and not with anyone else.
 

AW10

Well-Known Member
Nimish, In public forum when some tries to shake my ego, then I take a deep breath and decide to use my "right to ignore". (very powerful right that we all have but we don't use it enough. In my view, ignoring someone is worst respnose to any human being. It is easy to get excited but difficult to stay cool.)

I have got better things to do, then spending time in defending myself. It makes no difference to me about what others think of me.. I know myself pretty well and I do what I want to do. Why to allow someone to dictate my action..

Again some gyan coming from my age.. I know some of you here are young and don't have as many grey hairs as me, hence sharing it with you. Hope this helps (ofcourse you are free to use your "right to ignore")

Happy Trading
 

nimish_rulz

Well-Known Member
Breaking news

July 2 (Bloomberg) -- India’s central bank raised interest
rates for the third time this year in an unscheduled
announcement as inflation pressures from faster growth outweigh
risks from Europe’s sovereign-debt crisis.
The Reserve Bank of India increased the reverse repurchase
rate to 4 percent from 3.75 percent and the repurchase rate to
5.5 percent from 5.25 percent, according to a statement from th
central bank in Mumbai.
 

rajputz

Well-Known Member
It is better to have our own belief system while trading. The reason we are here is to have opinion of others. Or to look at the other side of the coin. We might be bull and some one may be bear. When we are selling, some body is buying in the hope of market to rise. And simmilarly when we are buying, some one is selling in assumption of market to fall. So analyse each others view and take the decision accordingly. We are all here in market, and future will indeed tell us who was right and who was wrong. So no need to contradict each other over these issues.

I agree to Aw sir completely. Everybody has "right to ignore" and we should go by it. If we dont agree to each others view then let market decide who was right or wrong and not our words. I try it my self to remain out of unwanted arguements. Better to know oneself and dont care about what others have to say or doubt about.

take care.
 

rajputz

Well-Known Member
When i look for delivery trades, i try to work on the same system on Weekly charts. This is what i found for bharatforg. On both daily charts and weekly charts, i havent got any exit for them. They are in strong upmove.

Check the charts: - (two are cci of daily and weekly, and other two are daily and weekly of oscillators Stochastic and RSI...)









 

rajputz

Well-Known Member
Hi rmharte

i just checked RCOM again. It has given me an exit on daily charts. CCI has formed a ghost pattern, which suggest that fall can start any time. Today the neck line has formed, and falling can start any where...On weekly charts the trend is still up, so you can better watch this horizontal resistance line on RCOM. if this resistance sustains as support then you can wait otherwise can exit to enter at better levels suggested by praveen bhai.




 
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