in my system there are three important things ... buying selling and the most important ........................ waiting doing that right now .. this is the analysis thread do check my other thread for actual trades thanks mishwar
its tempting to book the $ 30000 profit on paper so far .. . for those who just tuned in please see my other thread .. Analysis ....................
profits today 39 k + Total profits so far in 5 trading sessions - $ 94, 475 http://www.elitetrader.com/vb/showthread.php?s=&postid=1021393#post1021393
The total profit in 5 trading days is approximately $ 105,000 Do post your queries. Would be glad to address.. PM if you want any details Thanks mishwar
Today's trades are here http://www.elitetrader.com/vb/showthread.php?s=&threadid=65763&perpage=6&pagenumber=46 feel free to go thro and also thro the history .. i welcome any questions.... glad to answer Thanks and Regards mishwar
"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!" Reminiscences of a Stock Operator
with all respect to him.. he was a legend in his times... hats off to him... but only one small detail u prob missed.... the times have changed... forget this quote .. whats your own experience newbunch ? thanks mishwar
My own experience is the same. Most of the money is made by sitting tight when you are correct. As it says in Reminiscences "The big money was not in the individual fluctuations but in the main movementsâthat is, not in reading the tape but in sizing up the entire market and its trend." Whether your holding time is 5 minutes or years, you should sit tight during that time as long as you are correct. As the Old Turkey (again, in Reminiscences) says, "I'd lose my position. And when you are as old as I am and you've been through as many booms and panics as I have, you'll know that to lose your position is something nobody can afford; not even John D. Rockefeller." And if you believe that times have changed: "The game does not change and neither does human nature." (Reminiscences) Mishwar, have you read Reminiscences of a Stock Operator? If not, do so!