Dear Members,
10 AUGUST 2017
Yesterday's Nifty Daily carried
this note and I thought I should share it As is.
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Dear Subscribers,
There is no way to be out of the way of a running train but to move out early enough. Most people will
not appreciate that. Being wrong for months before being right does bother me as much as it does others, but we are in unusual times with too many firsts being put to test. Like never before has the VIX remained this low for this long in the history of Indian F&O. Never have prices risen on the back of fewer buyers at higher and higher levels for this long. Just because it took longer than usual does not change the opinion. It tests your Patience to the point that you are up against a wall.
However the question to you is did you use the time and opportunity to be prepared or simply gave up.
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Nice?
The game is not an easy one but the object of the game is to stay in the game. And that is why you have to learn to have a multi asset class approach and position sizing and trade management [I could call it managing risk but it is risk managing the trade so that is what it is]. or managing an investment. Value wave investing is about making your entries when risk is in favour
by a mile over a 2-5 year time horizon. And that is how I have been on top of Sugar and Metals sectors in the commodities space, one that most market analysts find hard to understand. They appear to get NBFC better. Yes the sector has done great but it also comes with a higher risk tolerance requirement. The name says it all. They are not banks and they lend where bankers fear to tread. In the end always ending up with more NPAs than normal. Then rising from the ashes in the next business cycle.
Rinse and repeat.
Point is you need an approach that works for you and then follow it diligently. There is nothing wrong in the market except our approach to it. Sticking to your convictions is what I do. Patience was gifted in abundance to the point where most others will lose it.
My macro trends for
the year remain in tact with no change.
Stay up to date with all the trends with Indiacharts Insiders,
or simply stay on the list for all my other updates. Enjoy the journey.
Rohit Srivastava
The Truth About the Markets !
