This is one rule which no one wants to follow ....Only rule followed by suckers is ....Keep holding to losses even when i have squeezed all my resources...
The risk to return has kert us away frm the bloodbath frm 14700 to 12300.......................................Now with the cash we have we can take the risk...Suckers cant as they are already have sword round their necks a little wind n they will be killed...
Example of a sucking trade ...
A stock bought at 100 thinking u will get 115 -120 as target in short term ...the stock goes a bit up to 105 levels and then starts cracking to 95 ...now to 85 then the guy thinks if 95 comes i ll sell .,... stock goes to 75 ...still he holds now at 65 he has no more money left.....
What a trade taarget 115 is 15 rs loss u book at 30 ....When i said this to my gambling friend he said what the f... come to my casino you may have a better chance sucker !!!...
Current Rationale :
All the people tell me sensex 10k some others 11k ....I say had u even told me at 13k i would have saluted u ....Cmon get over it when the market tanks all ppl look is down...When everyone gets scary get greedy is the way..
Now if i pick some stocks and keep adding as an investment ( Please no short term tradin advised yet ) for a horizon of minimum 3-6 mths the risk i see is 10% on downside in stock specific ...On the sensex risk is 11600-11800 ....But when the market will bounce back to 12300 i am damn sure this stock will be much more higher then in current stage...So i expect 30% gain frm here so risk to return is 1:3 ...
I am interested only when i see such ratio in adivsed investments so now i m liking it ...
This is the case when markets bounce good stocks run !!!
Sensex Levels : 12300 is a good support always fibo levels are cut by a little margin ...If we go below expect 11600-11800... That would be the best time and the last time...
Cement pack if the settlement is done one can see goo move as sitting at fibo retracement ...
Regards,
Nooresh
9819225396
noorrock2002@yahoo.com
