Comments on Trading Steps: Analyst comments on TV

Thanks Sudarshan ji for answering my question. I ...

2009-06-16T09:48:51.648+05:30

Thanks Sudarshan ji for answering my question.

I agree with you that TV analysts comments should not matter however we only listen to you :)

You are by far the most honest analyst I've seen. SO PLEASE BE LIKE THIS. I'm sure other viewer of this blogger share the same feeling.

Thanks
Gurvinder (Gurvi)

I hope people will understand that day trading rec...

2009-06-15T22:20:10.714+05:30

I hope people will understand that day trading recommendations will be quite volatile and comparing comments will be very tricky unless someone timestamps these comments.

Overall, Sudarshan has been very honest in highlighting risks in trading as well as risks in his own forecasting.

Besides, he has taken pains time and again to point out that stochastic or probabilistic predictions cannot be verified using small sample sizes.

Furthermore, guys and girls, take responsibility for your trades. No one asks you to put in a buy or a sell based on Sudarshan's or anyone else's statement. Take ownership on your own trade and that will either make you more resolute or make you give it all up - but without blaming anyone for it.

Student of Market
stockmarket-methods-in-madness

Dear Mr. Sukhani, From the "JUST-LIKE-THAT&q...

2009-06-15T20:37:58.403+05:30

Dear Mr. Sukhani,

From the "JUST-LIKE-THAT" Department!!!

I write for a few reasons...

a. I fail to understand why you should be defending your trading calls to people who do not understand the market / technical analysis.

b. I remember writing on your blog when the Nifty (FUT) was making 2228. I guess it was the day before Diwali and I had nothing else to do and I wrote on your page when I saw a bullish engulfing pattern on the hourly chart that afternoon. Once more I wrote to you when I observed the principle of time compression, (inspired by a discussion on how long will the bear market last) taking the resemblance from the DOW Monthly over three decades ago to the NIFTY Weekly three years ago...

c. I also write to thank you for a few things that you have taught me which I shall be happy to share with you over another forum rather than this one.

d. I saw you once in person at the arrivals building of the New Delhi Domestic Airport (about 3 years ago) and I really knew little more than drawing a trend-line so I was quite hesitant to walk up-to you and just wish you. That is my regret :)

So all in all... many thanks to you and the brainwaves your blog inspires inside my skull... Will always be treasured. May God be with you in everything you do and bless those you care for..

Warm regards...

aashish

sir couple of things i wanted to ask unrelated to...

2009-06-15T08:45:40.883+05:30

sir

couple of things i wanted to ask unrelated to this post.

a. while looking at levels or charts, should one look at spot levels or futures levels. quite often they would be in tandem, but not so at time. i mean what is the technical analysis theoretical view on this.

b. if one is trading a quant system, is 100% discipline must or can one in limited circumstances use one's discretion based on levels or charts or market conditions? If so, when ?

for example in a trend following system i was long on friday, but having seen that mkt reversed twice earlier frm arnd here i booked and took a short. that infact was a deviation from my quant system, but a very good call to take. later in the day the system itself turned short.