Saturday, December 7, 2013

Weaknesses or Strengths?

I have Confession to be made about my two Weaknesses:

1) I have a obsession to be in the market all the time, I can bear loss by whipsaws but can not let nifty go anywhere without my position in it. People often send me suggestions to be out from market for some time until it gets trendy again, But I just can not do it. I often hide this weakness of mine by replying that by the time markets will appear to be trending ,It will be too late to enter, which more often than not turns out to be True. So I do not feel the need to work on this weakness  :)

2) I Just love Nifty and very Loyal to it by not trading anything else :). My wife calls Nifty her "Sautan" :), She often complains that I spent more time with Nifty than with her :)

Even when Nifty is doing nothing and giving me whipsaws, I don't even think to trade any other instrument like Banknifty, Commodity or Forex. You can call it my obsession with nifty or my stubbornness. I do not even have a Demat account , I only have a trading account with Zerodha only for Equity. I often hide this weakness of mine by saying that my focus is only on Nifty, like Arjun had focus on the eye of Fish :) Since things are working fine with Nifty, I do not feel the need to work on this weakness too. :)