Hurst Cycles Trading Software - Accurately Forecast Nifty and Stock Cycles

Tuesday, March 24, 2009

Trying a small short...

...not going nuts on this short...very small compared to my normal short...And I have a hard stop at yesterdays highs...above that and I'm out...else I am playing for a pullback to 2860 odd...maybe a bit lower also...but let us see...

I will share some charts in a little while.

Best.

8 comments:

Local said...

Good to see you back.:)

You had to react to comments and keep your trading - both very tough going back there.

riteshanan said...

hey lee,
seeing u givs me some supprt dude......................evryone is bound 2 fail in markets.......but then.......when we learn more......we make more money......really liked this quote wanna share................"for making right decisions in life we need experience..........and for getting experience we need to make wrong decisions"..............hope we wont fare that bad !!!!!!

Food Delicacies said...

I am also too optimistic on Nifty reaching 2860 after I saw the way today Reliance Industries stock behaved. The end of the rally is here wherefrom Nifty should move straight to target 2860first and then may be on break of 2860 2840-2800.

Well this happens on expiry or not , I cannot comment but will happen surely within this or next week.

Arvind said...

Dude,

Thats the way to go. Roll with the punch and get straight back up. A hallmark of a professional.

I can understand how you feel after a slightly big hit. I have faced times where I have had 12 loosing trades in a row and that too using technicals! It simply happens man and the only thing which keeps you going is the unshakable faith that you are a trader and are born to win in the end.

Take care.

ELECTROCRAFT SYSTEMS said...

I can only say this ....

"WHEN THE GOING GETS TOUGH THE TOUGH GET GOING ! "
I am still holding my shorts that is all i will say ...

Naren.
naren309@gmail.com

Return_of_Chanakya said...

Welcome back Lee!
I also dared to short Nifty future at the end of today!
However, almost all of us shorting one day before expiry might be a bad signal too! You never know how things can go just before future expiry.

long.short said...

welcome HOME.
:)

Anonymous said...

Eagerly waiting for your comments Lee.
i am also holding shorts since 2667 and made a little now today but will get out of my position if we will cross yesterdays high of 3020.