The great bull run still continues in the markets.The returns have been excellent so far,but the journey to 5900 Nifty has been tough.The market will favor some trading systems some of the time and the returns in the markets will always be variable with respect to time in trade.This up move never gave a significant pull back to enter.We have reached 5900 from 5400 without even a 50 point pull back.
Unless a trader is comfortable to enter a trade on a breakout, he would have most likely missed this up move.While entering on a pull back is a wise strategy, in certain market conditions.This strategy also becomes very frustrating specially under current market conditions.As markets move from range contraction to range expansion phase,adapting to changing market conditions should be a skill that every trader should strive for. Adaptability will come from experience and hard work.
Good luck.
Congratulations Anuj for this great returns..
ReplyDeleteYOUR PATIENCE PAID..
Thanks,
Ramesh.
@Ramesh
ReplyDeleteThanks Ramesh...The HDIL trade that we discussed last time went down to a great extent and then also reversed quite sharply as well
Nice stock to track for swing trades
Thanks for mentioning about that trade and your strategy and position.
Good luck for future..
Cheers
Good Morning Anuj!
ReplyDeleteCongrats on your success in milking the markets.
:)
Good Morning r m
ReplyDeleteBut you gave the initial info that milk was available...dont remember?..check the link below
http://financeandtradingmadeeasy.blogspot.com/2010/08/indian-markets-stock-futures-trend_31.html
Do inform when the milk will be turning sour!
Yeah Sure! But normally I realise only after the milk has curdled. :)
ReplyDeleteNo problem,you can still make lassi out of it! You should also relish the taste of lassi as well and not run after milk always...proper balance is required for health trading!
ReplyDelete