Hope and Fear

Another weekend has passed and I ready myself for another week of trading. There is only one thing that I can take for granted and that is that there will be volatility in the markets. It is unlikely to be an easy market to trade and we are most likely going to continue to see the market being buffeted by the opposing forces of hope and fear. The problem is that hope can come only from the pronouncements of the politicians which the markets are increasingly beginning to put it euphemistically-ignore. Fear can come from myriad sources. From the economic data that is published daily, from the politicians themselves, from the business media which thrives on hysterical pronouncements and last but not the least from the minds of each of the market participants which can put together an even dimmer picture of the future than warranted.

Given all this, the best option I have is to follow my system, which expects me to remain short even now. (Remember that my system does not have a level at which it will book profits) As of today I will cut my short positions and go flat only at 5175 which is so far off that it is unlikely to get triggered today.                                                                              

Which brings me to the point that I have been grappling with for a long time now. How do I spend the rest of the time that I have in my hands after posting this note. This note is the highlight of my day. It is all downhill after that! Days merge into one another and before I know it is another weekend again and then time for another week of trading which is no different from the one before. I seriously need to think of doing something. Like learn a new language or write a book or something. There are so many Indian authors that get published these days. I could try my luck there! Or go and play golf. I am a member of a golf club but have never managed to learn the game. If you ask me about the things I have done in the last one year...specially something memorable, I can think of only one or two. I really think that is time now for me to stop existing and start living.