Dear TMA (Tukka (fluke) Maro members) - this one is for you
I would like to differ a bit from you guys (don't take out your swords as yet, please listen to the whole sentence
- on why you call your trades as Tukka (fluke) based trades? Its actually not Tukka based trading.
My 2 cents on your Tukka based trading:
I strongly believe that this should not be called as Tukka trading as you guys have always put in some rationale before entering a trade. You guys are not doing Inky - Pinky - Po or (Akkar Bakkar bambe po) and based on that picking your stocks and then again another Inky - Pinky - Po or (Akkar Bakkar bambe po) and arrive at the entry price for that stock. This is what is actually typical Tukka and I don't think any of us are doing this.
Just that you guys have not organized and jotted down your rationalies behind entering trades, that does not mean that you're trading without a strategy.
Say for eg. Praveen bhai might be keeping a watch on Fundamentally strong company and wait for it to fall down to certain price he's in his mind and then enter. So, there are definitely rationales behind entering a trade like:
1. Identify a fundamentally strong comapany
2. It should be falling
3. Wait for it to come down to certain levels in mind
This is just an example - there might be numberous other methods which other ppl (like Raj etc. ) who think we're doing tukka might be using to make their trades. If a person, jots down all the various strategies he uses to enter a trade, then it will be better organized and one of you, say for e.g. Raj/Praveen might be starting a fresh thread (like PRIDE's or 2652) on trading based on the your strategies and might be these will be even more profitable than some of common pure TA/fundamental strategies.
Ok - It might not fall into pure Technical analysis category or pure fundamental analysis category - but definitely its a 3rd category which is yet to be named (naamkaran hona baki hai) - but calling it tukka is totally wrong as I've mentioned above. Tukka aur cheez hoti hai (different thing) - total random picking w/o any thots at all. And if Praveen has earned his livelihood thru this - this cannot be TUKKA guys in anyway. Tukka can work for 1,2 or say max n times, but earning - your livelihood - it cannot be with tukka
I've taken an off day today from my office - so that's why have time to let my thoughts fly in all directions - and this one - TMA - caught my fancy and above is what I think abt it
Your opinons most welcome on this - actually I also fall into this category only so don't want to accept that what I'm doing is tukka marna - there is bit more to it that we're addding frnds.
Cheers
I would like to differ a bit from you guys (don't take out your swords as yet, please listen to the whole sentence
- on why you call your trades as Tukka (fluke) based trades? Its actually not Tukka based trading. My 2 cents on your Tukka based trading:
I strongly believe that this should not be called as Tukka trading as you guys have always put in some rationale before entering a trade. You guys are not doing Inky - Pinky - Po or (Akkar Bakkar bambe po) and based on that picking your stocks and then again another Inky - Pinky - Po or (Akkar Bakkar bambe po) and arrive at the entry price for that stock. This is what is actually typical Tukka and I don't think any of us are doing this.
Just that you guys have not organized and jotted down your rationalies behind entering trades, that does not mean that you're trading without a strategy.
Say for eg. Praveen bhai might be keeping a watch on Fundamentally strong company and wait for it to fall down to certain price he's in his mind and then enter. So, there are definitely rationales behind entering a trade like:
1. Identify a fundamentally strong comapany
2. It should be falling
3. Wait for it to come down to certain levels in mind
This is just an example - there might be numberous other methods which other ppl (like Raj etc. ) who think we're doing tukka might be using to make their trades. If a person, jots down all the various strategies he uses to enter a trade, then it will be better organized and one of you, say for e.g. Raj/Praveen might be starting a fresh thread (like PRIDE's or 2652) on trading based on the your strategies and might be these will be even more profitable than some of common pure TA/fundamental strategies.
Ok - It might not fall into pure Technical analysis category or pure fundamental analysis category - but definitely its a 3rd category which is yet to be named (naamkaran hona baki hai) - but calling it tukka is totally wrong as I've mentioned above. Tukka aur cheez hoti hai (different thing) - total random picking w/o any thots at all. And if Praveen has earned his livelihood thru this - this cannot be TUKKA guys in anyway. Tukka can work for 1,2 or say max n times, but earning - your livelihood - it cannot be with tukka
I've taken an off day today from my office - so that's why have time to let my thoughts fly in all directions - and this one - TMA - caught my fancy and above is what I think abt it
Your opinons most welcome on this - actually I also fall into this category only so don't want to accept that what I'm doing is tukka marna - there is bit more to it that we're addding frnds
. Cheers
