Thread: The eldergulls dairy

date 09/17/07 time 9.20 am

Hi all,
i have started maintaining my blog, thanks to the admin starting the feature on this site. I have posted my opinion for today. I will also elaborate on why i say what i say. I will go ahead and define trading time cycles and what returns one should expect from the markets when trading different time frames. These issues are completely left to the whim and fancy of all concerned and is a area where each thinks that he knows the best ( myself included lol).my blog site is at
http://dalalstreet.realpaisa.com/blog.php?u=1687

http://dalalstreet.realpaisa.com/blog.php?b=12

http://dalalstreet.realpaisa.com/blog.php?b=16

http://dalalstreet.realpaisa.com/blog.php?u=1687

date 09/17/07 time 8.03 pm

Just as all traders are somewhat technical in nature even if they don't want to admit it, most of the technical traders, or at least the good ones, have some fundamental founding also. Consider what the stock market is for a moment. It is a large group of people who represent a lot of money that come together at specified periods to wager bets on what the future prospects are for a large number of companies. In other words, the market is a discounter of all events and actions that may affect all publicly traded companies. Although it is important that you don't attempt to trade off the news (more about this below), it is equally important that you are aware of the news. Let's make sure we understand this.
You cannot fully appreciate why the market trades as it does if you are in a news vacuum. This is true for the market as a whole and in the market for a particular company. As such, you do need to stay abreast of the various news events that are constantly feeding into the market. At the same time, you are an outsider, and the odds of you knowing or being able to trade profitably off of any one news event is nil. There are far too many large traders, brokerage houses, etc., who have far greater capabilities to both dissect any given news event and swing into action faster than you. So if you think that's the way to make money, forget it. For example, if auto stats are greater than expected yet the stock prices of auto stocks fall, you need to weigh this information and take note. In such a case, the market has already bought the rumor and is now selling the news. The market constantly discounts the expected. You will not make as much money on the expected. The market has usually discounted it before you do. You make the good money on the unexpected. You make big dough leaning against the crowd. To do this effectively, you need to develop and adapt a thesis on the market trend at all times. Good traders trade with the trend and great traders can sense the end to a trend and turn with it. Regardless of the time frame, trend trading is the heart of technical analysis and is where the money is made and lost. Preparing yourself to constantly examine news feeds and to constantly adapt your thesis such that it is supported by the facts emanating from the constant barrage of news feeds is the way to excel. Having said that I wish to add the fact that I read 7 papers inside out daily and yet have to come to terms with why the markets move the way they do. What I concentrate is on how I can help myself with the way it is moving rather then why it is moving. Let that help udayan and team make lots and lots of money.
The news feeds are everywhere and I will not point out specific ones here. As mentioned above, there are television feeds as well as a multitude of Internet sites available, both free and subscription based. It behooves you to begin reading and monitoring business news if you intend to be a serious and profitable trader.

date 09/18/07 time 1.45 pm

Hi all,
i think we r in it for sure today, i am going to be concentrating on icicibank.

date 09/18/07 time 3.09 pm

Hi all,
i have bought into icicibank at 917.25 i am sitting pretty right now. Now comes the second lesson in the trtadig module. what shuold be our exit point, which in this case can be decidedd on the days closing. The second lesson is what do we do if it turns against us. This will have to dealt with tomorrow when the market opens and i will be online with my posts then. I always have this habit of fearing what i ahev done, yet that does not stop me from taking action. there is a great difference in being fearful and not taking any action and being fearful after u have acted. The first results i wrong decisions the second sort of fear sppurs u on to take the critical steps required to safegaurd urself against any pitfalls.

date 09/18/07 time 4.58 pm

http://dalalstreet.realpaisa.com/blog.php?b=36

sir,
please post me new trade idaes for today trading