First of all ,to put the context in place, I wish to place two links here:
Nifty EOD 29-06-2012
And
Nifty: 24-07-2012
And in the same series I posted yesterday the following chart:
.png)
And I recall opening an account in zerodha(as brokerage there is cheapest---mind you I am not into promoting it lol !!!) and deciding to buy 5400ce for September series (in first week of July) for dirt cheap rate--- However,the daily monitoring of markets and resultant "hypnosis" and joy & thrill of very short term trade and counting waves on 5 min chart frame--- as an analyst it is "seems" very helpful as one "feels" that he is "in the know" of markets. But ultimately proves "penny wise,pound foolish" for a trader.
And so far I have not been able to resolve this problem --of analysing minutely but not trading for sizeable gains. Minute analysis has converted me into a "chindi-chor" who forgets that analysing on 5 minute charts may be okay but trading on 5 minute charts would make you a "chindi chor"---- who works very hard but definitely not "that" smart.
I know it may all sound like rants of someone who missed an opportunity---and these "are" my rants--- but their main purpose is to remind myself that I have not to miss next opportunity which is very close now.
And my friend Harshal nailed it when he posted this :
Again trying to strengthen my resolve that I would not let my "minute" analysis miss big trades.
"Hum honge kaamyaab-----"
Nifty EOD 29-06-2012
And
Nifty: 24-07-2012
And in the same series I posted yesterday the following chart:
.png)
And I recall opening an account in zerodha(as brokerage there is cheapest---mind you I am not into promoting it lol !!!) and deciding to buy 5400ce for September series (in first week of July) for dirt cheap rate--- However,the daily monitoring of markets and resultant "hypnosis" and joy & thrill of very short term trade and counting waves on 5 min chart frame--- as an analyst it is "seems" very helpful as one "feels" that he is "in the know" of markets. But ultimately proves "penny wise,pound foolish" for a trader.
And so far I have not been able to resolve this problem --of analysing minutely but not trading for sizeable gains. Minute analysis has converted me into a "chindi-chor" who forgets that analysing on 5 minute charts may be okay but trading on 5 minute charts would make you a "chindi chor"---- who works very hard but definitely not "that" smart.
I know it may all sound like rants of someone who missed an opportunity---and these "are" my rants--- but their main purpose is to remind myself that I have not to miss next opportunity which is very close now.
And my friend Harshal nailed it when he posted this :
Again trying to strengthen my resolve that I would not let my "minute" analysis miss big trades.
"Hum honge kaamyaab-----"
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