DIG DEEPER TO FIND WATER & NOT WIDER -P.M.PATEL

Friday, May 21, 2010

some remarks by traders....

usefull remarks.

assortZ
said...

Good morning all,

Little gloomy here :) ..closed shorts
yesterday but the worst part was entered longs @ 4945 and carried them (
RSI trapped me) ..shocked to see the deep red everywhere in the
morning…but pre-market view gave the confidence to hold longs..booked
longs at 4885 and entered shorts now at 4885…looking this as an
speed-breaker to the winning streak of the recent past and “much needed”
for me to keep foot on floor and walk step by step.. registering all
this here becoz only to remind friends here..

1. think twice
before entering trades “against trend” especially if it is overnight
carrying trade..i never did this in recent times but did yesterday :)
2.
think thrice before closing “conservative” calls yourself..always
better to wait to hear from master before taking such “slicing golden
duck” decisions :)




2 comments:

  1. surprise..

    you really found it useful? thanks..

    "just nifty" and Ilango sir are transforming many of us into informed and disciplined traders..always thankful to him and fellow mates there..

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  2. hi kp, yogi ...
    never new of your blog, thanks to assortz i found it.
    nice way you have described the mSar effect, but i could not get what n= means,
    Plz, can you explain it,

    Thanks, between you and Dinesh you are taking futures to another level.
    with regards

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