Long or Short Opinion

[rajeabc]

Thanks Raj bhai
My problem is my unbalanced emotional state of mind at the time of realtime trading, when fears grabs me so much so that I start shivering in making any reasonable entry or exit. I am really so much scared of having a loss that I make mistakes for silly reasons. But on the other side, I have no other option but to trade for living. I am praying to God in this regard.

My dear crown ,

from my own exp :

-Never start your day to cover your loss. Try to make profit but don't trade to cover your loss. Reason , if you force yourself to trade then you are bound to make mistakes.
-Do only what you see on the chart. I feel luck is imp but its imp to every one and everyone pray to God. So do't put God in tough condition by make wrong entry and exit.
-MOST IMPORTANT: Don't let you unstable emotional to make your bank balance unstable. If you don't control your emotion then that would be the final step to make you emotionally stable. When I started , I made huge loss due to these mistakes . Then I took off from active trading for few months but was active watcher and was doing delivery based.
As you said you trade for living, that will put you under extra pressure on you need to be more careful. As I told you previously also

MONEY NOT LOST IS MONEY GAINED.

Good luck with all your trades when they not opposite to mine

 

[rajputz]

another down day and i will short essaroil...

 

[AlokTewari]

Hind Petro, BPCL & IOC all 3 are waiting to be shorted

Cheers !!!

Alok Tewari

 

[columbus]

-Do only what you see on the chart. I feel luck is imp but its imp to every one and everyone pray to God. So do't put God in tough condition by make wrong entry and exit.

What you see is REAL but what you imagine is VIRTUAL.
Stick to REAL rather to VIRTUAL.

 

[aditya14]

On the contrary note I like this post the most of all the posts in this forum. This really shows some one is really jealous of me and hates me to the core or hates my analysis. I must have got something right hence this response. Thank you dear Aditya!

Dear I am not bearish on all the markets. All I am saying is the risk to reward on Indian market is not favourable and hence I am not buying now exited everything around 5270 levels.
I am not some1 who would say buy the market at this point. Look at my previous posts where I correctly pointed out around 4800 levels that all is not doomed and now we should buy for earnings season and prepare for it. Also the dollar index previously mentioned is for the level that still there might be more upside because our index in dollar terms has not yet hit 52 week high.
But once again thanks a lot for this post I will cherish it.

Its a small life lets not keep up this damn cold war.U were bearish earlier and u were wrong just small fact.Anyways i was wrong today and paid dearly so shyt happens lets not try to do a forum slugfest.

Even i was thinking of going ultra short in morning when i was anticipating some profit booking in DOW(its going strong today also) and rather went ahead an bought and ended the day with a bloody nose.

The market move today was just so manipulated i think it was one of those classic last hour swings which the manipulators always love(since the bakras do not have a chance to exit and all chart patterns go for a toss).

 

[rajeabc]

Its a small life lets not keep up this damn cold war..

.....................:clap::clap::clap::clap:
good luck

 

[simple_trader]

Yesterday's fall does not seem to be a sell signal so far. We may try to crawl back above 5400 today. In my personal opinion still some more up side left. Middle of a series, middle of a week, good time for option writers, which is making both sides (long & short) on the edge and volatility in the market.

Some stocks are over bought and some stocks have come down to buy level after yesterday's correction.

Support for NF in the range of 5350-5370 range for today and resistance in the range of 5440-5470.

Last week wrote about, NF future gap between 5288-5304 would hold on for some days. They will keep this gap for a few more days to keep market bullish.

Happy trading!

 

[simple_trader]

IMO, banks are dangerously placed. Can correct a lot. specially SBI.

 

[pshirurkar]

If SBI corrects then other PSU banks may follow it.

 

[praveen taneja]

Ye comment kaha mara tha praveen bhai....:annoyed:

in trading with tukka maaru style:lol: