Historical Day in Indian markets

It is historical day in Indian stock markets, hitting circuit after another, though volumes were low. Tom it will be an interesting day for traders.

This is not new, now at least there were no panic in the market. In 2004, it was a falling market. Govt took all sorts of steps to arrest the fall, caught all the short sellers. Immediately there was a panic short covering, which sqeezed many traders alive. Some of the accounts were not allowed to cover shorts till next day. It was above 200% profits today, the same way it was on the opposite side in 2004 in short trades.

But now when it is on the long side, no one is bothered about the positions which have made super duper profits today. Our system is investor friendly only to the bulls, always bears are on the recieving end.

It is not the same in other markets. Both are treated the same. This is my personal experience. Technicals are always ahead, like how markets showed buoyancy before results now. There were very clear weakness in the markets well ahead of election results in may 2004.

Hello Sir,

Sir, I'm curious to read about fall of market in 2004. May I know whether I can find any archive on this.

you can go to nseindia.com website and download nifty data for th eperiod you require, you can get the data.

The present situation is straight opposite to what we had in 2004.

Atleast On 17th May 2004 People Manage To BUY.

SavantGarde

That time it was a clear short term bear market, which was signaled well before 17th may. Insiders had known the outcome earlier like it happenned now. There was clear direction visible in the markets about what is in store by the insiders. Buying was artificially created to arrest the fall. Like today if no one had intervened, even then there would have been triple freeze.

I am not against bulls or support bears. I feel that there should not be any parity, market should be left to operate on it's own. It is a two party system, like how Bulls are needed to give strength to the market. Bears are also needed to add more strength.

I am doing trading since 1.5 years,
i dont know concepts much,
only i do equity trading,
i am in loss, please help me out

Help ME in earning Money

You can make money. It needs discipline & belief. Find yourself a method which totally suits your capital base as well as your mindset.
Never risk more than 2% of your capital on any trade, once you have 3 consequtive losses, please keep off from trading for that particular month & review your trading plan.
Have a written plan, include your goal statement along with that. Atleast weekly once go through your plan, this will make you remember the path which you have to traverse & also make yourself know where you are in that path. Knowing that you are progressing is in itself a great enthusiasm. That will in turn motivate you more to achieve your plan & goal soon.

There is no holy grail in stock selection it is purely a psychilogical game. Keep in mind that the other trader or investor who is on the other side of your every transaction, has the same level of emotions. So, market is a pool of humal psychology & emotions.

Whoever conquers emotions & follows his plan with discipline is the true winner in this business. Treat trading as pure business, part time trading will only give part time results. If you don't have the time to manage your money, there are a hoard of money managers & Mutual funds to manage it. Give it to them, buy peace of mind.

Keep in mind trading is one business in which you need not answer anyone, it is a totally independent business, no employee, no employer, no boss, no customer, no supplier. No strings attached, everything is you. It is only your mind.

It's how clear your mind is, that counts. Money management and position sizing is the simple secret to the hall of fame in the trading game. Picking trades on a random basis with pure money management & position sizing will itself lead you to great riches. These are experienced facts.

Following your plan with true discipline is the difficult part of this business. Spend time with the markets, read books of Dr. Alexander Elder, Dr. Van K Tharp, Mark Douglas, Jack Swager. Read about Richard Dennis etc.,

Knowledge is always king, so gain as much as possible. Never play any tips without going through the tip with your technics & satisfying yourself about its performance. Trading tips of others without analysing is a sure fire way to disaster.

Happy trading.