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Good Morning Anuj!
ReplyDeleteBNF is already above the target shown here?
regards.
rm
hello friends,
ReplyDeletemyself rochak parekh, trying to see indian markets with the glass of stock specific approach on volume to price basis. please visit
“http://stock2gains.blogspot.com/2010/07/love-sex-aur-dhokha-trading-i.html”
this is my latest presentation in the series of write ups which are my attempts to caution traders about handling the risk involved in trading equity markets.
Please visit my blog stock2gains.blogspot.com & review my attempts.
thanks
regards
@rm
ReplyDeleteGood morning
Yes this trade is full of drama.
this is a classical example of following statements:-
1)Trend is your friend
2)Let your profits run
3)Overbought market can stay overbought
4)The market can stay irrational longer than you can stay solvent(quote on right side of the blog :P)
Coming back to "target" levels as targets level denote an overbought level for "the day".And as we have a kind of euphoria in market even after bad IIP numbers and bad Infosys result.That's why,you have market trading above the target level.
Another reason is that I might be trailing the trade with lousy stop loss level.But why shouldn't I as we are making gap ups every other day.
So it's the lazy trade who will make crazy returns again
http://financeandtradingmadeeasy.blogspot.com/2010/03/online-stock-trading-made-easy-lazy.html
Not the "quick" "fast" "aggressive" or "contrarian" trader.You,as I know belong to the lazy group(ice cream cups from fridge rather than kumar's kulfi!).If trailing with sar levels you should be a happy guy.Richer with cash and OoT :))
Last time lazy trader made 80 percent return in one trade in one month (if a remember correctly).
There were many other such "crazy returns" instances that followed.I didnt write about it.Following the sar levels is absolutely stress free but how many can actually do that ?
Good luck
@rochak
ReplyDeleteThanks for the link
Keep posting
Om Sai Ram.
:)
Thanks Anuj, I am fit and qualified for trading this strategy! Would be very difficult to find a lazier one.
ReplyDelete:)