20080829 Whoa, the cash index rrose in a big way today, on Budget 2009 announcement day. I was away from the trading terminal, and missed the big move!.i\It seems whenever I am away, the market has its big move. I guess that is the way the cookie crumbles. Looking forward, the FKLI futures has risen from the low of 1047 to current levels. If we look at the last retracement upwards, the futures went from 1085 to 1052 or so, about 60 points or there abouts. So 60 points fromt the low of 1047 means 1107 is the realistic target....
posted by emacro @ 10:48 PM
2 comments
2 Comments:
Emarco, to be able to ride on the big move all the time is to have position all round clock. Some traders prefer to stay in whether in a clear trend or sideway. The reason behind this is they don't want to say, "aisehman!". HAHA!
Good day ahead.
The market is a platform for all manner of traders. The position players who stay in for long periods of time, can make the killing or be killed by big losses. The scalper who stays in the market for the small frequent moves, or the swing trader who is in 1 or 2 days. If everyone traded the same, then there is no market. One thing for sure, a wise trader once said, "Trade according to what (risk) is comfortable to yourseld, then you will be alright."
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