General Trading Chat

deba72

Well-Known Member
Don't take it as bragging or hindsight, my system generated buy signal for NF yesterday. But it happened almost at the fag end between 3.15-3.30 but I was not sure whether to take it seriously as market was too volatile. Moreover, Nifty spot signal was still not "buy" and BNF was still on "sell" mode. So after lot of thinking, I decided to ignore ( was almost punching the trade @3.29 but withdrew ! ). And this morning I was lamenting. However still went long after first few minutes today in NF ( and BNF also gave buy signal so bought it too ! )

My system have both these buy positions still open but I booked out today as didn't want to take chance close to a strong resistance zone. I know its a mistake not to follow my own system strictly and this is the battle I am constantly waging in my mind and I am yet to succeed ...
 

cloudTrader

Well-Known Member
still 30 lakhs per annum is good compared to other professions
Off course almost equal to a top notch CA & Corporate Lawyer

Also new strict rules introduced by SEBI, all trades must be updated to clients regularly, earlier the fund managers were playing with the fund, the profit they make transfer to their own accounts.
Yeah these rules were required for better prospects of clients ...
 
I heard on street ZEE business tv host virendra kumar lost huge money in Stock market.ST any news on him? As you are from Mumbai you may heard it.
No idea bhai...but these anchors are not allowed to trade in stocks and derivatives . They have to sign an agreement with the channel. May be traded on some family members name. Market is very risky if the person does not respect risk....it can kill a person, destroy families. I have seen some very devastating examples of people going burst in the market.

I am told Udayan Mukherji is on retainership with CNBC and gets paid Rs 30 L per month for appearing selectively.I like his market analysis though he is always very bearish.

Smart_trade
 

cloudTrader

Well-Known Member
Don't take it as bragging or hindsight, my system generated buy signal for NF yesterday. But it happened almost at the fag end between 3.15-3.30 but I was not sure whether to take it seriously as market was too volatile. Moreover, Nifty spot signal was still not "buy" and BNF was still on "sell" mode. So after lot of thinking, I decided to ignore ( was almost punching the trade @3.29 but withdrew ! ). And this morning I was lamenting. However still went long after first few minutes today in NF ( and BNF also gave buy signal so bought it too ! )

My system have both these buy positions still open but I booked out today as didn't want to take chance close to a strong resistance zone. I know its a mistake not to follow my own system strictly and this is the battle I am constantly waging in my mind and I am yet to succeed ...
Such instances are a part & parcel of a Trader's life. Only thing is that with experience how much one is to overcome these shortcomings.

Nice system you have which was providing you with an early entry and telling to stay in the trade for more profits. :thumb:
 
demark sequential system applies for crude??
Yes it applies to crude,bonds,gold,silver,copper,soybeans,Indices ,Forex in fact any freely traded markets. In DeMark book you will find all these charts examples including crude.

ST
 

cloudTrader

Well-Known Member
No idea bhai...but these anchors are not allowed to trade in stocks and derivatives . They have to sign an agreement with the channel. May be traded on some family members name. Market is very risky if the person does not respect risk....it can kill a person, destroy families. I have seen some very devastating examples of people going burst in the market.

I am told Udayan Mukherji is on retainership with CNBC and gets paid Rs 30 L per month for appearing selectively.I like his market analysis though he is always very bearish.

Smart_trade
I also like Udayan's style of analysis. He covers many things in short time , giving valuable inputs about macro aspects.
 
I liked what Ashwani Gujral said about todays strong rally he said " rallies like today are necessary, they put fear of God in the minds of bears".............fear of God ....:D

Smart_trade
 

333

Active Member
No idea bhai...but these anchors are not allowed to trade in stocks and derivatives . They have to sign an agreement with the channel. May be traded on some family members name. Market is very risky if the person does not respect risk....it can kill a person, destroy families. I have seen some very devastating examples of people going burst in the market.

I am told Udayan Mukherji is on retainership with CNBC and gets paid Rs 30 L per month for appearing selectively.I like his market analysis though he is always very bearish.

Smart_trade
Udayan Mukherjee analysis I like ,His analysis in banking sector is awesome.But some time he is over bearish in banks stocks,aisa kuch likhte hai hai kisi v Investor ka heart block ho jayega!!!! He expecting SBIN in two digit in next couple of month . But I don't agree ,ye kuch jada ho gaya.:D
 

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