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So interesting n little sad day n very much happy day for me ... I think I have missed few things while buying Hindalco Lot...
1. Hindalco comes under NIFTY ...So the summer,monsoon,winter happening in Nifty, is going to affect the same way to hindalco price... Nifty had shown clear bearish pattern on friday and since hindalco moved sideways that day ... it was pretty hard to jump alone for Hindalco ....
2. I am still wondering what are the major reasons that Nifty is falling ... what people are fearing for ... It it monsoon getting dry ... or swine flu... or what???...Why Nifty is not taking jump??? Or is it silence before storm???....
3. Most satisfying thing that as per my prediction Hindalco didn't went below 100Rs. .... It closed on 100!...this is so good
and so bad since I have bought a lot 125 call for Aug 09 .... and time is slipping out fast ... So I was thinking it squaring it off when it was around 106Rs. when my invested would have been more than doubled ... but since my decision was to square it off at 108... I stuck to it ... Now it feels little bad as Mr. Rahul Dravid says What matters at the end of the day is who has won the match ... So I have almost lost one day for today
.....and still I feel so Good that I kept my word ... That is REAL challenge for me ... So I feel very very satisfied that I never squared-off earlier although I was in REAL big profit today... This is so cool priyu ... this is just fantastic that you watched price went down coolly in front of your eyes almost half a day and never feared of losing your premium ... this is just awesome priyu....
..... So anyway ....
regards,
priyanvada
1. Hindalco comes under NIFTY ...So the summer,monsoon,winter happening in Nifty, is going to affect the same way to hindalco price... Nifty had shown clear bearish pattern on friday and since hindalco moved sideways that day ... it was pretty hard to jump alone for Hindalco ....
2. I am still wondering what are the major reasons that Nifty is falling ... what people are fearing for ... It it monsoon getting dry ... or swine flu... or what???...Why Nifty is not taking jump??? Or is it silence before storm???....
3. Most satisfying thing that as per my prediction Hindalco didn't went below 100Rs. .... It closed on 100!...this is so good
and so bad since I have bought a lot 125 call for Aug 09 .... and time is slipping out fast ... So I was thinking it squaring it off when it was around 106Rs. when my invested would have been more than doubled ... but since my decision was to square it off at 108... I stuck to it ... Now it feels little bad as Mr. Rahul Dravid says What matters at the end of the day is who has won the match ... So I have almost lost one day for today .....and still I feel so Good that I kept my word ... That is REAL challenge for me ... So I feel very very satisfied that I never squared-off earlier although I was in REAL big profit today... This is so cool priyu ... this is just fantastic that you watched price went down coolly in front of your eyes almost half a day and never feared of losing your premium ... this is just awesome priyu....
..... So anyway ....
regards,
priyanvada
One month has gone past ... I have still not read the thread "Teach a man to fish", although I have read so much about it all over the forum ... This is strange I am still not attracted towards it...I don't know what is wrong with me ....The fear seems, it would give me something like SURE MAP to a lost one in the Jungle and just take away all the adventure from it ... So I still run away from that thread ... really funny!
So anyway...
My mind is planning and planning inside .... Options is an absolutely great way for a gambling mind like me ...I am more an option player and less a scalper and still less a swing/positional trader and very very less a long term investor right now... I only pray that in the initial periods my judgements be absolutely right... later when I have got some big amount then playing options will also come under the Money Management principal of risking 1 to 2 % total capital .... That day will be a great day for me! ...
... cause I am in little hurry but not greedy so I will be playing as coolly as then when I would have say 2Lakhs under my belt ... But that time satisfation would be I am not defying the time proven principals and playing the gamble well within the limits
So anyway...
regards,
priyanvada
So anyway...
My mind is planning and planning inside .... Options is an absolutely great way for a gambling mind like me ...I am more an option player and less a scalper and still less a swing/positional trader and very very less a long term investor right now... I only pray that in the initial periods my judgements be absolutely right... later when I have got some big amount then playing options will also come under the Money Management principal of risking 1 to 2 % total capital .... That day will be a great day for me! ...
... cause I am in little hurry but not greedy so I will be playing as coolly as then when I would have say 2Lakhs under my belt ... But that time satisfation would be I am not defying the time proven principals and playing the gamble well within the limits
So anyway...
regards,
priyanvada
I have read in some book ... A trading book only ... the author had inspired from some Japaneese or Chinese principal about war ...
"The fighter gets in a position where he can not be defeated"...
... This is such simple, scientific and powerful sutra...Today I was getting reminded of this so often ... had I been able to buy two Hindalco calls I would have definitely squaredoff one at double the price, and would have been morally in a position like the fighter in the above proverb ==>" A position where one can not be defeated"
... Money Management also syat scientifically tries the same for a trader, and always tries to keep him in a position where defeat becomes impossible ....
So anyway...
yesterday I have read an important line here ... Perfect verbalisation of a simple and beautiful idea in my mind which I constantly felt while day trading till today...This is probable best suited for day traders...
" (While day trading) Don't hesitate to squareoff a losing position, because it will be going to give you another fresh n more powerful entry point after doing so"
... I feel, this sutra is really worth to think about and apply skillfully and mindfully whereever possible.
regards,
priyanvada
"The fighter gets in a position where he can not be defeated"...
... This is such simple, scientific and powerful sutra...Today I was getting reminded of this so often ... had I been able to buy two Hindalco calls I would have definitely squaredoff one at double the price, and would have been morally in a position like the fighter in the above proverb ==>" A position where one can not be defeated"
... Money Management also syat scientifically tries the same for a trader, and always tries to keep him in a position where defeat becomes impossible ....
So anyway...
yesterday I have read an important line here ... Perfect verbalisation of a simple and beautiful idea in my mind which I constantly felt while day trading till today...This is probable best suited for day traders...
" (While day trading) Don't hesitate to squareoff a losing position, because it will be going to give you another fresh n more powerful entry point after doing so"
... I feel, this sutra is really worth to think about and apply skillfully and mindfully whereever possible.
regards,
priyanvada
When I am not sure about what I saying, I use syat!
So you can transalte it as ...
syat =
=may be...
=probably...
=in some ways...
=Shaayad...
=syat ...
I will be happy to tell you further about this...see I am a Jain ... Our Lord Mahaveera used to face a basic question from intellectuals from that time...Does God Exists? ...So telling something for this, would be like telling about existance of a sun to a blind person ... A blind man won't be satisfied until he sees the sun for himself
Gautam Buddha was also used to exist at that time ... He was 30 years younger than Lord Mahaveera ... He was also used to face the same question...Buddha was a syat digital
... he had three answers ... 1. Yes
2. No
3. ......(Silence!)
... So depending upon the person Lord Budhha would decide which answer to be given to that man... It was Lord Buddha's way to play with minds of intellects ... It was beautiful and effective...
... So anyway ...
... Our Lord mahaveera was not a digital while answering this question...Mahaveerji used to use a trick to make a person experience the answer rather than just understand "intellectually" ...
The trick was saptabhanga!
Whenever a intellect come infront of him and ask ,"Does God Exists?" ... Mahaveerji would say or tell all the following answers one after another...
1. syat yes
2. syat no
3. syat yes and no!
4. syat yes and syat indescribable!
5. syat no and syat indescribable!
6. syat yes and no and syat indescribable!!
7. syat indescribable!!!
... So if you tray "mindfully" to get to some conclusion from above statements,,, it is impossible! And hence soon whoever intelligent the person may be,,, his mind would get dizzy in trying to find a meaning...It would temporarily ceased to function ... it would become absolutely still... and that was "The point" of Mahaveeji!... The experience of TRUTH ... The EXISTANCE ... Although for small amount of time but a sure GLIMPSE OF TRUTH
So I really love this word syat ... so whenever I am not sure, I like to put syat right there!
regards,
priyanvada
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Going little offtopic ...but Woww... See I have found an infinite song!
in (dot) com/music/track-khoobsurat-380545 (dot)html
Volume slider is @ 75% default but adjust it at 35-40% at the earliest or it will ruin the taste ...
... Such a song ... really an infinite song!
Good night if anyone reading this!
Good Night to Mr. Ghost if noone is reading this!
regards,
priyanvada
in (dot) com/music/track-khoobsurat-380545 (dot)html
Volume slider is @ 75% default but adjust it at 35-40% at the earliest or it will ruin the taste ...
... Such a song ... really an infinite song!
Good night if anyone reading this!
Good Night to Mr. Ghost if noone is reading this!
regards,
priyanvada
A line for thought today...
"The objective of a trader is not to make money, but to accumulate money by trading stocks"
... I don't know where I have got this line in a book or watching a video ... source is unknown ... But from morning this line is revolving around my head!
pretty cool isn't it?
regards,
priyanvada
"The objective of a trader is not to make money, but to accumulate money by trading stocks"
... I don't know where I have got this line in a book or watching a video ... source is unknown ... But from morning this line is revolving around my head!
pretty cool isn't it?
regards,
priyanvada
Hindalco has moved up again ... but I am bit confused about my option now ...
... If I sell now I will get double the investment ... but is it premature exit or right exit? ... I am not sure... Should I exist tomorrow morning itself or ... see if it can break 115 Rs. Resistance in coming 3-4 days?... My mind says wait wait wait....
...but is it WISE to wait now? ... when I am in profit it really makes me uneasy ... So funny!. .. but still...question remains...
What to do Now ?
What to do Now ?
What to do Now ?
regards,
priyanvada
... but I am bit confused about my option now ...... If I sell now I will get double the investment ... but is it premature exit or right exit? ... I am not sure... Should I exist tomorrow morning itself or ... see if it can break 115 Rs. Resistance in coming 3-4 days?... My mind says wait wait wait....
...but is it WISE to wait now? ... when I am in profit it really makes me uneasy ... So funny!. .. but still...question remains...
What to do Now ?
What to do Now ?
What to do Now ?
regards,
priyanvada
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