Thursday, May 7, 2009

Pre-Market thoughts

I have a post on recognizing strong up trend days. You can read it here

I wrote it today, since today could be one of such days. of course, we do not know. But it is fun tracking it with some discipline.

Meanwhile, my entire house went to vote at 7 AM. Doing my duty feels good. Fellow citizens in Delhi, Rajasthan, Punjab, UP, Haryana, West Bengal, J&K, Bihar - please cast your vote. Vote without fear, your vote is secret.


Wealth Roots said...

Dear Sudarshan Ji,

I am a regular reader of your blog and find it very useful.

I am not a day trader, but from the recent crash of this market, my learning is that one should book profits regularly and buy stocks with some kind of stop loss. This crash has shown me that when the market reverses, even the strong stocks take a huge beating.

Could you please tell us a good strategy for setting a stop loss for a stock so that one could minimize the losses?

Best regards,

Sridar Elumalai said...

Dear Sir,

I am a daily reader of your post. Looks very interesting on the technical interpretation you provide in this blog . Will interact more soon. Great Posts!

tushki said...

sir pls comment on the movement of gold prices..

Viral Rajnikant Dholakia said...

Dear Mr Sukhani,

What do you feel which form of Intra-day trading is more useful & worthy:

1) Trading frequently with small targets, OR
2) Trading occasionally with big intra-day targets based on technical signals.

I found out that... trading frequently during the day is more of kind of addiction & leads to sticky losses. Rather trading with genuine break-out & break-down signals after waiting for them patiently is more useful.

Your views pls?

Anant said...

Dear Sudarshanji,

I am regular reader of this blog, your fan; and subscriber. Based on your recommendation of reading books I purchased all 3 books. Book on Swing trading by Marc Rivalland is very interesting and I am studying point and figure charts. I think you have not recommended or commented on this type of chart. Would like to know your views on Point & Figure charts system and your experience on these charts; if any.

With warm regards,


karmavir said...

Great Work. Sincere thanks. Your committment to farewell of fellow countryman is also highly commendable. I salute you.

CS said...

Hello sudarshan ji no posts from past two days.iam clicking on ads so that u can add movie(s) also.

Have a happy weekend.


Krishna said...

Dear Sir
I am a regular reader of your blog.

Thanks for your so valuable selfless effort to educate retail traders like me.

I have a simple query.

Is being more active in the mkt really of any use..??

My above query is based on my personal observation that total points given by the mkt in longer time frame are the actual return & almost all other extra points earned through more active trading in shorter time frame are taken back by the mkt through whipsaw in consolidation phase & thus deny any significant reward for "EXTRA EFFORT" by the short term trader.

Please give your valuable views on above.