This long weekend had given us time to relax , reflex and revisit our trading methods.
There is no right or wrong way to trade. You must decide what is best for you, which method suits you best depending upon what type of person you are.Therefore, its is necessary to take some time aside to think , understand and know yourself. Once you know yourself then finding a trading method becomes easy.
Whether you use automated ( rule-based ) trading or a discretionary method ( subjective) or a combination of both , what is required is that you must have a trading plan and adhere to it.
Budget hype is over now and we are back to global cues now. We used the budget day to buy and we are well positioned to take advantage of short term up move.
Banking and Auto sectors are expected to see some upward swings .
Polaris software has been hammered a lot and is finding support at 200 DMA.
Its support is at 140 and if it trades above previous high of 150 then targets could be 168 and 180
Trade well have fun
Tuesday, March 2, 2010
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