In last 1 month (June 29 - July 21, 2010)
if one was to measure every inch/point moved by nifty
it would come to around 1800 points!!!
This would be the odometer reading if nifty had one.
Any professional will agree with me that it is near impossible to play and catch all of this.
Approx.50% is likely to be lost due to complex zig-zag motion of nifty,
you can't do much about it.
(An investor can even lose almost all of it!)
Now, this leaves 900 out of 1800 "kms" logged by Nifty!
How much can you mop out of these balance 900 "kms"?
Well, if you don't do BTST or if you do just day trading
you are sure to miss half of this 900!
Why?
Because 479 "kms" out of these 900 was covered by nifty in
BTST jumps - whether up or down!!!
-28+30-34-5-60+23+0+16-23+60+44+25-5+35-3+6-14+17+21-13+17
Average = 24 points per trading day!
Now, this leaves you with just 421 "kms"!
How much can you win out of these?
Any surprise why majority day traders make little money despite great talent and astonishing application!
If you do just day trading
and if you don't BTST (ot STBT, as the case may be)
you are just fighting for the bread crumbs!
2 comments:
fact/tact ful discovery , paaji
Systemetic appoach Well done sir ji
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