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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: On the QT who wrote (22833)	1/22/1999 1:57:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

On the QT- The purpose of this thread is to highlight the opportunity of the day, that is for our trading accounts on the other hand we like to work our core portfolios in way that we get the best mileage from any run of the market. We therefore like to hedge the portfolio when certain key supports are taken out. Tradeable forcasting is the name of the game, if one says that market will be down '500 points' what good is that if I am not advised on level of entry and exit, by the point market is down 500 points the trader who has shorted the market will whipsawed 100 times, markets don't go down in straight line rarely so.. We try to work our way up and way down thru intermediate supports and reissitance's. Like 1228 today and if we break that 1210 and 1192-- imagine if yesterday someone would have made htatr decison to short them market at 1255 break he would have been nicely placed now but the fact remains that experience has also taught me that two closes flush out lot of wrong moves, one is more sure that it is not a false sell off or a false top.. these are very simple rules and one needs to live by these basic rules , market interrelational trending is our own proprietry product, not many a people try to see market direction and distinguish between sectors to pick the right one's. Here we do it all the time if we see brent moving higher or brent at 20 year lows we move in to buy \OSX. A bounce of 799 leads us to BKX a failure at 873 let us to see BKX at 857. I bounce of 330 will work on SOX to 401 or 415.. Now with these sector moves are tied the SPH specialised trading again levels we give are well sounded from the hearts of the pits and with proven integrity and strength.. Even rumors we listen to are rumors which are more pertinent 'Sorros short' was discovered by us when we invesitgated chart simlarities bwtween 'bond pre LTCM move' and 'post LTCM move' we discoverd that chart is quite 'similar' on internets. After little investigations we knew it is about to break. Although some thought it is my own 'nest of puts' but nevertheless 'my puts and 'my positions' do not in any way impact my 'directional trade' as big as internet.. I want to make in 5 year time this 'thread history' a reference source to would be traders. I have a dream and that is to be able to 'learn' and 'educate' the 'little new comers' about how market works. I learnt it the most diffcult way , I lost lot of money which I could only regain when I disciplined my trade and buried my ego and emotion.. I hope this pain is avoidable for new comers.. this is the key never ever fall in love with a position.. We moved in quietly at the top on internets and after some initial move up we saw most of our trades paid off handsomely.. I see these opportunities all the time. I have absolutely no bias although people call me a prema bull but I make huge killings on voltility.. and I am working to learn and let others learn the fine detail what I think are important when one wants to become a full time trader.. I think the opportunity is immense if only we can have feel of the back ground sound.. LETS WORK TOGETHER AND GET IT RIGHT. THAT IS THE ONLY WAY..