THE FINAL CALL®™ - Nov 5, 2009

We continue to hold longs on the Nifty Futures.  Hold until further updates.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 09:28 AM

Most traders whether day or positional feed stop losses in the system as a means of capital conservation.  It is an established norm that you do not trade in the market without a stop loss.  However, it is also an established fact that stop losses more often than not add to the numbers on the debit side of your ledger balance rather than that on the credit side.  If you were long today and had a stop fed in the system, it would have got triggered.  If you were on the short side today and had a stop fed in the system, again it would have got triggered. :)  Tragic isn't it.  This is how it works.  Volatility kills traders and the trading spirit.  The only thing it does is to push out weak hands out of the system.

We had a market today that pushed out all stop losses out of the system as well as all weak hands.  It does not seem as if this upmove will last long.  However, it is worthwhile waiting to see how long it holds.

We continue holding longs and hope to cover tomorrow before the weekend.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 04:15 PM

THE FINAL CALL®™*(By Invitation Only):  Give me a living human being with a good internet connection, a cellphone with a running cellular connection, a valid trading account with a decent brokerage, and a modest capital starting with INR 20000 and I will make him RICH!!!
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