Thursday, July 8, 2010

Shorting Opportunities


Patni looks good to go DOWN. Look at the charts. A big head and shoulder. My first pick eversince I decided to bet big.

Entry: ~ 510
SL: 520 (small trades), 540 (big position trades)
Target: ~ 470, 420, >400
RR: >3

New Style

Getting back to posting. I have modified and tweaked my trading style. After talking to a lot of HF managers and experiencing difficulties in managing small trades which provide small upsides, I will focus on select trades. Big trades. Bets will be big. So will rewards/ losses be. However, I still follow the same rules. My bets will be based on Macros, Charts and Fundamentals. So basically, I have no perticular style or asset class in mind.