Posted by: Babu Suresh | April 18, 2012

April 18, 2012 Nifty Day Trading

“Market giveth, market taketh”

Started the opening session with a typographic error in my Jublfood exit order that helped capitalizing 8 points from Jswsteel.

After the first long trade from Jublfood that ended with just 2.5 points due to typographic error, typed 1072 instead of 1172, got another good chance from Pitbull 3 after 1000 hours to score 11 points. The typographic error did end up for good, I managed to get 8 points from Jswsteel long trade. With that I called it a day.

Today’s session was such that it hardly requires any post-mortem and if one had come with great dreams after yesterday’s half-hearted show off in our market and top closing in other markets, one would have been greatly disappointed. I am deeply disheartened and disappointed to note even after years of experience our traders and analysts continue to repeat the same mistakes of doing everything other than focusing on our market. Even God cannot help them.

Further, I am shocked beyond belief to note the amount of all rubbish messages that are flowing in almost all the prominent forums during the market hours.

I am not a great market expert nor do I belong to the elite clubs of our media and other experts nor do I wish to be but mark my words, the day you decide to shut your TV and stop jumping from one discussion forum to another hoping for miracles to happen in your trading, that is the day you would really begin to become a real trader.

Here goes my regular intraday charts and Nifty Future chart with my HMA Bollinger Bands Day Trading System in action for your reference.

Intraday Charts –  18–04–2012

JSWSTEEL

JSWSTEEL 180412

JUBLFOOD

JUBLFOOD 180412

 

NSE Nifty Future

NSE Nifty Future 180412

State Bank Of India

State Bank Of India 180412

Healthy And Wealthy Trading

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