Teach A Man To Fish And.........

[sudoku1]

Have been in that world for more than a decade now.....but thanks for the welcome.

Never uncomfortable with any levels,quite happy that you were having stop areas to get out.Only thing I was pointing out was the holding till close........people who did not hold from your famed 14425 levels which you may have entered pre-Traderji,and was entering at 20000 levels,to ask them to wait for 17605 to get out.......dangerous game in the long run.

Ah,go with the flow always.....Flood or Trickle!

Thank you for your comments

Saint

wrong friend , even @ 20000 levels in our ystrdays thread ' 24th dec.....' if u go through the headlines carefully , it is stated.....'bulls enter 25 %.....@ even then all through the thread , it was cosistently warned 2 new entrants abv the risk they r carrying regarding the stoploss.
& yes....always with the trend , the flow turns in that direction....

thanks for understanding....!

 

[Saint]

wrong friend , even @ 20000 levels in our ystrdays thread ' 24th dec.....' if u go through the headlines carefully , it is stated.....'bulls enter 25 %.....@ even then all through the thread , it was cosistently warned 2 new entrants abv the risk they r carrying regarding the stoploss.
& yes....always with the trend , the flow turns in that direction....

thanks for understanding....!

Ah,great then....

All the best!
Saint

 

[Saint]

hello Saint, nice to see you again.

very first thing thanks for wonderful tutorials u have provided, i am tring to learn technicals slowly.

Most welcome,Digest........slow and steady wins the race,my friend.As your name suggests,Digest the information slowly but surely.Paper trade,small lots.......baby steps for now,my friend.Important now is educating oneself on the nitty-gritties of trading.

i have two questions to ask from you if you can guide me it will be very helpful.
1) intraday, trading(short-longterm both), futures, nifty which is the best thing to master to maximise profits and minimise risk/loss.
presently i am not inclined for intraday. i do not buy with intraday tading in my mind.

Trade the time frame that you are most comfortable with.We all have different personalities,different temperaments......so do what suits you best,but stick to the rules and disciplines of each time frame.

2) as we can see market declin these days when do you accept market to gain momentum again? and which stocks shuld i track?

thnaks once again for all your help.

As a trend follower,we go with the flow......at present we have a daily downtrend,an intermediate correction.....means we wait.Don't try catching bottoms for now.Let the market give us a clear signal first.When will this end?It ends when it does.......either you are benefitting from the short side,or you are standing aside for now.Either way,don't predict the where and when to enter.

Which stocks?Once this correction is over and done,look at the charts again and decide.......For now,stay out.Go for a holiday.Spend time with your family.Get the cash ready.....For the next blast off.

All the best!
Saint

 

[aroymkp]

wrong friend , even @ 20000 levels in our ystrdays thread ' 24th dec.....' if u go through the headlines carefully , it is stated.....'bulls enter 25 %.....@ even then all through the thread , it was cosistently warned 2 new entrants abv the risk they r carrying regarding the stoploss.
& yes....always with the trend , the flow turns in that direction....

thanks for understanding....!

Learning from experience gains knowledge Sudoku - try to get that from Saint instead of proving your skills to him !

 

[sudoku1]

Learning from experience gains knowledge Sudoku - try to get that from Saint instead of proving your skills to him !

yes , friend xperience makes a perfect trader.....v have never been here 2 prove our skills as mkts r the place where one cannot learn 100% ...
if v were so skilled , then why the need for stoploss.....?

 

[digest]

thanks saint,
well basically i have been investor and not a trader
but recently i have entered market as a trader.

so you recommend that even investors should stay away?I want o invest 10% of my investment amount in this phase is it recomended? i mean this week.

I am not into impulsive buysell thing.if i make loss i can hold it for long (1-2 years.


i understand noone can predict anything about market anytime and this stage is again riskiest one.

after Fm speech do you think market will improve and LIC, UTI and other mutual funds will do the buying now ina day or two? they have lots of cash reserves?

or should we buy mutual funds?

 

[digest]

sorry if i have asked this question again but last time question was from trading point of view and now for investment .

 

[Saint]

thanks saint,
well basically i have been investor and not a trader
but recently i have entered market as a trader.

so you recommend that even investors should stay away?I want o invest 10% of my investment amount in this phase is it recomended? i mean this week.

Hi Digest,

Wrong person to ask an "investor" question actually......I trade long term charts as well,holding some for months to years,but they are not the buy-hold-forget about it variety.When previous pivots crack,and this bull market from 2003 is over,I am out.No real idea about company news,fundamentals,pe ratio,etc.........you ought to ask others here for some info on that matter.

I am not into impulsive buysell thing.if i make loss i can hold it for long (1-2 years.

Once again,have no idea about how the investor guru's advice would be........but frankly,common sense wise,the line above is fraught with danger.

We are in a trade for profits,investor or trader......We reach our target,or we have an area where we say enough is enough.Why would you enter into a counter at Rs100 looking to make profits and exit at RS120,and then on not achieving that.......why would you allow this counter go down to Rs50,and then wait 2 years,hoping and praying that you will get your money back??!!

Not saying that you buy and sell crazily......but saying that you must have that point after which you refuse to take any more nonsense from that stock.Waiting 2 years,you lose money,time,energy,confidence,gastric lining,sleep.....and if it keeps sinking and you are invested heavily,then probably,your account,marriage and house as well!!

i understand no one can predict anything about market anytime and this stage is again riskiest one.

after Fm speech do you think market will improve and LIC, UTI and other mutual funds will do the buying now ina day or two? they have lots of cash reserves?

or should we buy mutual funds?

Markets fluctuate,they go up and down.......at present we are still very much in a primary uptrend,undergoing an intermediate downtrend.Is the Bull Market still on?Very much......Is it time to buy into Mutual Funds?Why not.....As in all uptrends,we buy declines,which is what we are experiencing right now.

All the best!
Saint

 

[Saint]

sorry if i have asked this question again but last time question was from trading point of view and now for investment .

No problem at all.....

Saint

 

[SavantGarde]

Hi Saint,

Concise, Precise, Lucid........As Usual.....WOW!

Just Wanted Say...Hi

SavantGarde