Thursday, August 28, 2014

holy gamble (28 aug)

trading is probabilistic, not deterministic
there is no surety or guarantee, only chances which good traders smell better than others.
if there was surety everyone will trade in one direction and there will be no trades and hence no stock market.
i used "gamble" only in a lighter vein. there is little gamble in what i do (self talk)
once, a stunt man from hollywood had said in an interview "only a fool stunt man will do a stunt without adequate safety precaution"
it applies more so in trading.....

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as a general rule, i don't trade intraday EXCEPT on expiry day, if opportunity is there.
just bought 8000PE aug lots @ 40.25 avg price

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