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WHEN ALL are SOOOO MUCH BULLISH ON NIFTY ... |
yogonline
White Belt
Joined: 24 Jan 2010
Posts: 1
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Post: #1  Posted: Sat Jan 05, 2013 1:34 pm Post subject: WHEN ALL are SOOOO MUCH BULLISH ON NIFTY ... |
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WHEN ALL SO CALLED EXPERTS ARE SO SOOO MUCH BULLISH ON NIFTY ..
I THINK IT IS TIME TO EXIT LONGS. YEAR BACK THEY ADVISED TO SELL ...
I REMEMBER ASHWINI GUJRALS CALL TO SHORT IDFC @ 95/- Rs and Sadly
i sold my LONG 10 LOTs with LOSS ...Shhh Now IDFC Nearly doubled !!!!
[/b] |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #2 Posted: Sat Jan 05, 2013 1:45 pm Post subject: Re: WHEN ALL are SOOOO MUCH BULLISH ON NIFTY ... |
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| yogonline wrote: |
WHEN ALL SO CALLED EXPERTS ARE SO SOOO MUCH BULLISH ON NIFTY ..
I THINK IT IS TIME TO EXIT LONGS. YEAR BACK THEY ADVISED TO SELL ...
I REMEMBER ASHWINI GUJRALS CALL TO SHORT IDFC @ 95/- Rs and Sadly
i sold my LONG 10 LOTs with LOSS ...Shhh Now IDFC Nearly doubled !!!!
[/b] |
Ashwani must have also given SL for short as all do. You could have bought again above SL. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #3 Posted: Sat Jan 05, 2013 5:06 pm Post subject: |
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Yog: You are 101% correct!
1) I have an American ebook: Champion Traders. One of the 10 multi millionaires in the book has a very simple strategy: Reads all the expert columns in 10 newspapers/ weeklies/ monthlies. Forms a summary. Goes contra!
2) Read "Trading for a living" by Dr Elder (also a multi millionaire) where he makes fun of such experts!
3) I think we in India should start with Tulsiyan, do back test and see how much we could have made by going contra to this "great" man
Cheers, Prakash Holla |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #4 Posted: Sat Jan 05, 2013 5:09 pm Post subject: Re: WHEN ALL are SOOOO MUCH BULLISH ON NIFTY ... |
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| vinay28 wrote: | | yogonline wrote: |
WHEN ALL SO CALLED EXPERTS ARE SO SOOO MUCH BULLISH ON NIFTY ..
I THINK IT IS TIME TO EXIT LONGS. YEAR BACK THEY ADVISED TO SELL ...
I REMEMBER ASHWINI GUJRALS CALL TO SHORT IDFC @ 95/- Rs and Sadly
i sold my LONG 10 LOTs with LOSS ...Shhh Now IDFC Nearly doubled !!!!
[/b] |
Ashwani must have also given SL for short as all do. You could have bought again above SL. |
Very true Vinay  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #5 Posted: Sat Jan 05, 2013 5:13 pm Post subject: |
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| pkholla wrote: | Yog: You are 101% correct!
1) I have an American ebook: Champion Traders. One of the 10 multi millionaires in the book has a very simple strategy: Reads all the expert columns in 10 newspapers/ weeklies/ monthlies. Forms a summary. Goes contra!
2) Read "Trading for a living" by Dr Elder (also a multi millionaire) where he makes fun of such experts!
3) I think we in India should start with Tulsiyan, do back test and see how much we could have made by going contra to this "great" man
Cheers, Prakash Holla |
Hi Prakash Ji,
Can you upload that American eBook for our reference. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #6 Posted: Sat Jan 05, 2013 5:56 pm Post subject: |
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Hi Chetan: 1) no ji please, this is democracy except for few maharajas (mainly in congress)! 2) i dont think icharts will allow exchange of book that may be under copyright 3) Book is >2 mb, >1 mb file not allowed as per IC rules. Sorry
prakash holla |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #7 Posted: Sun Jan 06, 2013 9:16 am Post subject: |
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When one is with the trend, can earn small small profit regularly and SL hits in 1-2 occasions. Those who are against the trend, faces opposite. Almost every day SL hits and targets are done in 1-2 occasions.
It is not that against the trend moves are small always but one would exit after capturing 20% moves as they are afraid of earlier SL hitting.
Psychology works in this way!!  |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #8 Posted: Sun Jan 06, 2013 10:04 am Post subject: |
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Das: We are talking about going contra to SO CALLED AND SELF STYLED EXPERTS like Tulsiyan, Indrajaal etc.
Not about going contra to market
Cheers, Prakash Holla |
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jaimaalaxmi
White Belt
Joined: 19 Jan 2012
Posts: 7
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| Post: #9 Posted: Sun Jan 06, 2013 10:22 am Post subject: jai |
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| i think one more big bar need to reverse market sentiment,,,,still bulish that time |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #10 Posted: Sun Jan 06, 2013 10:45 am Post subject: |
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| pkholla wrote: | Das: We are talking about going contra to SO CALLED AND SELF STYLED EXPERTS like Tulsiyan, Indrajaal etc.
Not about going contra to market
Cheers, Prakash Holla |
Prakash, Seeing subject line, I have written for market trend only. Individual's view should not affect one's trade I feel. Just ignore them is better for us. But news affect market moves, which affect most traders in turn. We can see TV to know about current news flow. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #11 Posted: Mon Jan 07, 2013 4:34 pm Post subject: |
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| pkholla wrote: | Hi Chetan: 1) no ji please, this is democracy except for few maharajas (mainly in congress)! 2) i dont think icharts will allow exchange of book that may be under copyright 3) Book is >2 mb, >1 mb file not allowed as per IC rules. Sorry
prakash holla |
Hi Prakash,
Just came in after 2 days convention programme organized by my office,
unfortunately....u have to try again....as it was already late  |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #12 Posted: Mon Jan 07, 2013 5:03 pm Post subject: |
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| sw_das wrote: | When one is with the trend, can earn small small profit regularly and SL hits in 1-2 occasions. Those who are against the trend, faces opposite. Almost every day SL hits and targets are done in 1-2 occasions.
It is not that against the trend moves are small always but one would exit after capturing 20% moves as they are afraid of earlier SL hitting.
Psychology works in this way!! |
It is true that psychology works that way...but tell me some thing can you point out atleast 3 improvements/differences between the state of our economy (indian/global) from now when compared to a year back (may be oct/Nov 2011).. If you look at macro factors nothing has changed dramatically except for the high liquidity which has pushed the markets upward...High inflation ..low growth..more QE so more problems(in future obviously)..despite QE rupee is at 55.. I don't think we have improved drastically...we will crack...let's see...(i might be wrong).. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #13 Posted: Mon Jan 07, 2013 8:46 pm Post subject: |
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| stevenmat wrote: | | sw_das wrote: | When one is with the trend, can earn small small profit regularly and SL hits in 1-2 occasions. Those who are against the trend, faces opposite. Almost every day SL hits and targets are done in 1-2 occasions.
It is not that against the trend moves are small always but one would exit after capturing 20% moves as they are afraid of earlier SL hitting.
Psychology works in this way!! |
It is true that psychology works that way...but tell me some thing can you point out atleast 3 improvements/differences between the state of our economy (indian/global) from now when compared to a year back (may be oct/Nov 2011).. If you look at macro factors nothing has changed dramatically except for the high liquidity which has pushed the markets upward...High inflation ..low growth..more QE so more problems(in future obviously)..despite QE rupee is at 55.. I don't think we have improved drastically...we will crack...let's see...(i might be wrong).. |
Steve, no argument on whether market will not move in counter way or not. I have talked about practicality and probability of making money in counter trade. Even if we take a scenario market goes up 1% every day for 8-10 days and it falls 8% on 11th day. It will be hard for one to short everyday and give SLs. Even though market falls as much it goes up, it will hard to catch even 50% of that 8% fall. Just a thought!! No hard and fast rule. Its just about trend, nothing to do with long or short. |
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