Tuesday, November 18, 2008
TRADERS PARADISE
I had said at the begening of this month , that November will be a month for traders, all smart traders are taking positions with the direction on a intraday basis, squaring of at EOD and starting afresh the next day, ( much better than being biased , taking a postion short or long, and then after some up/down YO YO by the market nextday squaring off near the buys ,with next to nothing profits). Traders who squared off yesterday got the trade DOWN -UP-DOWN-UP-DOWN.. today , even a novice would have caught it well, and would have made good money.. Incidently markets after breaking 2750 took support around 2670 zone today..Trading should be the mantra for a few more days/weeks maybe..enjoy the day ..cheers..
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2 comments:
So encouraging to us amateurs who were worried we couldn't pick direction.:)
You're absolutely right about closing EOD and starting over the next day, fresh.
Lovely post, ty! Your experience at trading is showing.
thnx yoda, people playing stock markets have to be flexible, otherwise they will loose. no one is sure what will happen the next day so why have sleepless night..cheers
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