Nifty-The Minting Machine

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"Because it's where the money is."

Good Start to 2012

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"I study winning traders, not winning systems."

Only gain, Come Rain or shine

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"Don't let your learning lead to knowledge. Let your learning lead to action."

Santa gift

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"You'll be more profitable if you don't know what comes next"

Merry Christmas

Good profits even in dull market!

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"The vast majority of the profits come from small profits in huge positions ."

Unstoppable Profits

1. Buy Signal @ 4686. Didn't move up at all . (-17 points)
2. Sell Signal @  4669. Fell down to 4640. (+29 points)
3. Buy Signal @ 4671. Went up to 4758. (+87 points)


Total : +99 points 


"If the market is not confirming your opinion, lose your opinion and listen to the market."

Making Profit has become a habit

1. Buy Signal @ 4641. Went up to 4660. (+19 points)
2. Sell Signal @  4637. Fell down to 4618. (+19 points)
3. Buy Signal @ 4641. Went up to 4725. (+84 points)


Total : +122 points 


"When you have a position, you put it on for a reason, and you've to keep it until the reason no longer exists"      - Richard Dennis




 

1. Sell Signal @  4616. Fell down to 4587. (+29 points)
2. Buy Signal @ 4608. Went up to 4619. (+11 points)
3. Sell Signal @  4600. Fell down to 4564. (+36 points)
4. Buy Signal @ 4585. Went up to 4631.75. (+46 points)
5. Sell Signal @  4606. Fell down to 4538. (+68 points)


Total +190 points.

Buy Signal @ 4584. Went up to  4634.40. (+50 points)

" Live until you Die"

Nifty stoned to death. Thank you Mr. Subba Rao!

1. Sell Signal @ 4811. Fell down to 4777. (+34 points)
2. Buy Signal @ 4812. Went up to 4839. (+27 points)
3. Sell Signal @ 4812. Fell down to 4625. (+187 points)

Open  4,774.90
High  4,839.90
Low   4,624.50
Close 4,643.15


" Bull markets are aberrations. All markets are inherently bearish."

Nifty revisits Sub-4700 level

Buy Signal @ 4699. Went up to 4784. (+85 points)

Open  4,729.00 
High  4,784.00 
Low   4,671.10 
Close 4,757.40
 

"Just as a farmer must know the optimal time to plant and harvest a crop, the trader must know the optimal time to buy and sell a position."

The Mummy Returns

1. Sold @ 4674. Fell down to 4633. (+41 points)
2. Bought @ 4671. Went up to 4703. (+32 points)
3. Sold @ 4667. Fell down to 4659. ( +8 points )
4. Bought @ 4699. Went up to 4768. ( +69 points)


Total: +150 points

"To succeed in trading you need both confidence and caution"

Today's Trades (Click on the image to enlarge)

"Respond intelligently even to unintelligent treatment"

                                                                    - Lao tzu ( 6 AD Founder of Taoism )

Weak European Cues

Today's Trades (Click on the image to enlarge)

"Holding onto anger is like grasping a hot coal with the intent of throwing it at someone else; You are the one getting burned"   - Gautama Buddha (563-483 BC)

Nifty Struggling to cross 5400

Today's Trades (Click on the image to enlarge)

"The greatest battles of life are fought out daily in the silent chambers of the Soul."

1. Booked full profit at 5006 Bought yesterday at 4895. (+111 points)




"Our self-talk is our self-coaching"

1. On Thursday Bought @ 4866 and covered @ 4888. (+22 points)
2. On Friday Sold @ 4840 and booked profits @ 4821. (+19 points)
3. Today Bought @ 4895 booked partial profits @ 4940. (+45 points)


"The Pathway to more consistent profits is record keeping."