tag:blogger.com,1999:blog-1149152227980228556.post4521945708100846217..comments2008-09-19T23:56:13.226+05:30Sudarshan Sukhanihttp://www.blogger.com/profile/04872255827781271211noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1149152227980228556.post-46947113553223438862008-09-19T18:16:00.000+05:302008-09-19T18:16:00.000+05:30The Greenspan puts now seems to have become the Bernanke-Paulson put!<BR/><BR/>And it seems to be working, at least for now.<BR/><BR/>Bear Sterns, Fannie, Freddie, AIG and now everybody else in one bite of the apple. Socialism for the rich maybe, might makes us feel disappointed or relieved depending upon our leanings. But its beyond our control, so we accept it.<BR/><BR/>And as traders, we respect market action above anything else.<BR/><BR/>As thinking investors, we wonder if things on the fundamentals have changed or are likely to change. <BR/><BR/>The Nifty spiked back 12% in 2 days from its low after falling the same percentage over 3 days. Volatile times, these...<BR/><BR/>And Sudarshan has made a very valid point: Dont try to recover losses!<BR/><BR/>I agree. The temptation to do so is great. However it is wise to treat every trade as independant of whether the previous one was profitable or not. Dont think about getting back lost money through subsequent trades. A loss is money gone and the money lost is best forgotten(hopefully if risk is under control, the loss would be small). Adopt, in some sense, a Virendra Sehwag strategy: each ball is to be treated independant of what happened on the previous ball. If you were beaten, fine. If you had hit a six, fine as well. Lets face the next ball afresh.Shashank Jogihttp://www.blogger.com/profile/04550600679244620379noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-27848385403130653012008-09-19T11:11:00.000+05:302008-09-19T11:11:00.000+05:30Thank you for your commentary on market.This acts as compass for me to trade in market.niftytraderhttp://www.blogger.com/profile/10730346685980208552noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-46315124730133545552008-09-19T08:47:00.000+05:302008-09-19T08:47:00.000+05:30I was waiting for your comments for 18th sep since Nifty has reached 3800 and you suggested earlier there is really no support in that range.<BR/><BR/>I like your survival rule.<BR/><BR/>Cheers (we can say this at least for today...no not because it is Friday).<BR/><BR/>-Gurvindergurvihttp://www.blogger.com/profile/08915520320068847515noreply@blogger.com