Life or something like it

I have a choice of writing about the European crisis and the recent fall in assets or continue to write the kind of stuff I write. Clearly I am as qualified as anybody else to write about Europe including suggesting solutions to their problems. But I will desist today. Let them actually come to me and ask for my opinion! So that leaves me no other choice but to continue to write about everything else but the market.

Have you, like me, read this line "Life is what happens to you when you are busy making other plans" I have always known this. I wanted to get into IIT but Life liked SPCE at Andheri East better. I wanted to pursue studies abroad but Life liked India better and therefore I ended up with a Management degree here. I wanted to work abroad but the companies I worked for loved me so much that they did not want me to move anywhere from Mumbai. I wanted to be a star salesperson in a large investment bank but Life preferred that I become a cynical trader instead. I have now come to expect the unexpected.

But most traders in the market do not seem to have undergone this experience. They must have always been in control and their Life must have turned out exactly they had planned it. You do not believe it? What else explains their ability to Leverage but their confidence in their own well laid out plans? What else can explain their ability to Leverage their capital but for the fact that they are certain that they will never blow it away.

I, for one, know that despite my best laid plans to not blow away my capital, Life is having plans of its own for me. I, therefore, prefer to play it safe. I do not Leverage. Ever. That way I can, hopefully, at best lose only what I own and not what I owe somebody else. After this is taken care of, then I look to see whether I can get down to the business of making some money. Despite taking all these precautions I am sure Life will find a way of surprising me. Only hopefully, just this once, it will be on the upside.

I continue to remain short on the Nifty. I will cut my short positions and go long only if Nifty futures crosses of 4991.10