Hurst Cycles Trading Software - Accurately Forecast Nifty and Stock Cycles

Wednesday, January 21, 2009

Status Quo

After watching the tape for the past 1hr or so, I am making a decision here not to do anything on the positions. I still think we shall bounce but still there are times when a trader has to make a decision on a position on whether to take profits on a position or let it run in the hope of getting a bigger profit...In other words letting profits run...Ofcourse downside here is that a decent profit can turn to a small profit..or worse a small loss...But thats the game....

If you are a risk averse trader, take profits now and try to reshort higher...I remain short for now.
If we go higher over next few days, I will increase short allocation and reduce the calls allocation.
We shall see. As always its a game of odds and I need to trust my instincts.

Best.

2 comments:

karuppannan said...

i had posted target on forum visit and comment

NIFTY.ARUVI said...

i had posted target on forum visit and comment