the objective was to leverage the time on my hands. but i have failed to capitalize it, to turn it into usd. i have tried my best. now i am just wasting my time, trading sim, seeing movies, drinking beer, attracting great friends and trolls on ET.....
then utilize your time to make inr in 10 min I have to go to the market. dunno how long it will take so bot bn 43500 puts at 122.75
Just got back and found that price has gone up slightly so closed the position at 113. Possble breakdown and entry on Monday.
wish i knew..... instinctively i know what the market is going to do. but you cannot manage your instinct unless you can measure it. so i have started drawing trendlines copy and place the other side as that there is a channel and take trades when it is out of the channel. fading the break of trendline or channel line yields some sort of measurement
fading channel line breakouts and trend line breakouts is what i am experimenting with. since market always test the extreme at least always it can yield good results. a test usually has less momentum so trend lines and channel lines do give good indication it the extreme is made on less momentum or strength
market is close to the channel line but, since discretion is the better part of valor, exited or profit booked, with thks to market Gods. a market which does not reach the channel line shows a momentum reduction and signals a reversal....minor or major has to be seen. wow this may actually be a plan.... after 30 years of trading that is progress .. or a fucking miracle