Sunday, January 31, 2010

Global markets weak. Looking for some more downside.

I have been carrying some shorts on Nifty, Silver, Copper & Lead Futures for abt a week now. Initiated a few shorts in crude in Saturday's truncated trading session.

Globally markets have been in a downtrend for a while now and I think there is some more downside left in many of these markets. Hope to see a good dip in the coming days.

I will leave you with one of my favourite quotes from the greatest trader ever..
"There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again."
Jesse Livermore in Reminiscences of a Stock Operator

Relaxed Trading = Happy & Profitable Trading!

I am a relaxed trader as you can see from my profile. I am not leveraged to an extent where I have to watch the markets tick-by-tick. Though I do watch the markets very closely but that is for different reasons and not because I am leveraged to the hilt.

Some symptoms of not so relaxed trading...
  • Forced to watch the screen or follow the markets on a tick-by-tick basis
  • Waiting all thru the weekend for the markets to open on Monday
Please don't confuse a relaxed approach to a lazy one. Stay focussed but don't be tensed.

Try my style of trading and see the difference yourself!

Stay Relaxed & Stay focussed.
Happy  & Profitable trading will be yours for sure! I know this from first-hand experience.:)

Hi there! Welcome to my trading blog!

I will be posting my thoughts on trading in Nifty and Commodity futures here.  I hope you will find my blog informative, interesting and useful to your trading needs. Your comments and feedback will be greatly appreciated.