Hi friends,this is my first try to write a blog and since i am not a writer infect never ever written any sort of experiences anywhere before so to be very frank i am a little confused over how to start with.I think its always easy to continue the already going thread.But i believe if it is not now ,pretty soon it will turn to a long thread.
Since i have already introduced myself as a longtime trader so it is obvious this thread will go along a lot of trading styles and techniques that you may be familiar with or may be not.I usually trade with technicals instead of fundamentals. So in this blog you will mostly find the strategies and recomendations based on technicals more than fundamentals.Although different peoples have different tempraments,different risk taking abilities,different time involvements and different trading capitals,it is very difficult to write the best possible strategies for all in one go.But one thing i can assure if you will go through my blogs, i will try my best that you should not be exposed to the risks involved in excessive volatile markets we r having these days.
The best portfolio will always be the one that will be adverse to unexpected swings up and down.It should be well divesified into different sectors and different stocks so that you should not be over exposed to a single company.You should always be aware of stoplosses and profit taking points of different stocks in your portfolio.LAST and most important it should always be hedged in some way so that if the markets makes a sudden change against you ,the protection should be there.
Always remember the cardinal rule of trading.........
Never loose money, you will always get a next chance in markets.And also don't rush on a trade.
I think it is enough for my first blog....see you....and i wish togather it will be a happy trading journey for all of us...
Regards,
Sanjeev Parmar
Since i have already introduced myself as a longtime trader so it is obvious this thread will go along a lot of trading styles and techniques that you may be familiar with or may be not.I usually trade with technicals instead of fundamentals. So in this blog you will mostly find the strategies and recomendations based on technicals more than fundamentals.Although different peoples have different tempraments,different risk taking abilities,different time involvements and different trading capitals,it is very difficult to write the best possible strategies for all in one go.But one thing i can assure if you will go through my blogs, i will try my best that you should not be exposed to the risks involved in excessive volatile markets we r having these days.
Excessive volatality:- Your friend or enemy
Volatality is your best friend in markets.The converse is also true.You will profit from stocks only when they move and you will loose your money also when they move(against you).A lot of newbies when enters the markets for the first time are allured towords stocks that have excessively high volatality.They will buy a portfolio of stocks that will all be high beta.Sometimes it results too good.When the markets favour your analysis you are able to make some quick money.But these results are vica-versa.The problem comes when the markets go against you.Your portfolio takes the same amount of acceleration in the reverse direction and the amount of leverages that broking companies are offering to their clients these days, one is seen left stranded out of the markets.So my belief is you should always understand first what amount of risk and ofcourse leverage you will accept going into the markets and develop your trading styles and strategies that fits your need.The best portfolio will always be the one that will be adverse to unexpected swings up and down.It should be well divesified into different sectors and different stocks so that you should not be over exposed to a single company.You should always be aware of stoplosses and profit taking points of different stocks in your portfolio.LAST and most important it should always be hedged in some way so that if the markets makes a sudden change against you ,the protection should be there.
Always remember the cardinal rule of trading.........
Never loose money, you will always get a next chance in markets.And also don't rush on a trade.
I think it is enough for my first blog....see you....and i wish togather it will be a happy trading journey for all of us...
Regards,
Sanjeev Parmar
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