Calm Before the Storm?

 I am lucky that my Nifty short position was cut on Tuesday afternoon when Nifty went above 5000. I went home with no position at all on Tuesday and so I got to spend these last two days without the worry of the market moving significantly against me during the two day holiday. The market remains open today but then we again have a two day weekend and Monday is Labor Day holiday in the US. All in all, today promises to be a dull day.

The commodity markets too have been taking it easy in the last couple of days. The large intraday moves of the last few weeks seem to be a thing of the past. I do hope, however, that this is not the calm before the storm. But even if it is, braveheart traders like me will ride the storm like any experienced sailor of the old. The dangers of the storm are what makes our lives worth living. We scoff at the danger, dare the vile tempest to do its best and in the end always end up prevailing. No, not just prevailing but actually harnessing the power of the storm for our own benefit. That is what we traders do daily, what we are born to do, where our destiny lies... and I am nothing if not a trader.

That sounded nice. It makes my dreary job of a trader sound much more exciting. It might even motivate people to start trading! Now that I have had my burst of creativity, I return to the mundane world of Nifty trading. I currently do not have any positions on the Nifty. I will however, sell short again if Nifty futures trades below Tuesday's low of 4924.

The market better behave and remain above 4924 if it does not want the old pirate to go short!