≡ Menu

Raghuram Rajan Retirement News Did Not Bother Markets

Fill this Form to Get 5 Day Free Course on Options And Immediately Get an email to Download eBook on Option Greeks


Hope you know that our RBI governor Mr. Raghuram Rajan on Saturday 18th of June 2016 said that he will not continue as RBI governor when his tenure ends on 3rd of September 2016. Hope you also must have seen how all market pundits jumped into conclusion that on Monday Stock Markets will see a major fall because of his exit news.

This was in fact printed in all leading newspapers also the very next day. Because of this reason I was also flooded with emails and WhatsApp messages by my clients on what to trade on Monday.

You know what I wrote them? Stick to the rules of trading as written in the document. Markets do not work on somebody retiring from their job. Let markets do what they want to do. If Stop Loss is hit exit, else stay on. Do not worry on silly news of somebody joining or resigning from their jobs. The world does not care for one persons’ job.

Let us see what exactly happened:

Nifty did open in the red today but recovered very fast. Right now at the time of writing this post at 10.19 am Nifty is in fact 20 points up from previous close at 8190.

But didn’t the so called Market Pundits said on Saturday that Markets will open in negative and will see a sharp downfall? Yes they said. But what happened in reality? It did open in red but proved them all wrong by going pretty fast up. I am sure many Future traders must have sold Nifty Futures at 9.15 am today as soon as markets opened for trading and were dreaming of making millions in one day. The result? All of them lost money. 100% of them. Because of whom? All those speculators’ who show that they are great Market Pundits.

So what you want to say Dilip?

I want to say that make rules of trading on what works for you best and stick to discipline and risk management rules in spite of what’s being told by speculators.

I also could have written an email about this on Sunday and made some quick money by selling some ideas. But like I said my integrity, peace and my jest of teaching you all to control greed and trade well with proper risk management comes first. Money comes later. A printed paper with ones and zeros printed on it me does not inspire me. I am teaching you the right thing and getting a thank you from you inspires me more than money. I do not care for people who live and die for money. Its not that I am not making money but for me peace and happy living comes first, money is secondary.

When every market pundit said on Saturday and Sunday, “Market would see sharp downfall on Monday on Raghuram Rajan’s retirement news” – I did not care for this news neither was thinking on what to trade on Monday to make more money.

I have said this and will repeat again – I am a positional conservative trader and just stick to my rules and do not care what others say about the markets movement. When I used to listen to them I lost money. When I got the knowledge to trade and was happy with even 1 or 2% a month I started making money. 🙂

So what I want to say is do not fall for greed because of some news. And even if you make money in one day of trading will that make you very rich? I mean will that make 10 lakhs or more? No, maybe you end up with 5000 profit. Next news trading will take you down by 10000. So there is no benefit in trading according to news. Yes you may get some fun and excitement but you must never trade for fun. It comes at a huge cost.

Some people might tell me that VIX increased. But let me tell you that VIX is increasing due to focus on the June 23, 2016 Brexit voting in Britain. After that whatever the results VIX will surely fall. I will write an email later on Brexit voting.

VIX has nothing to do with Raghuram Rajan Retirement News. One person vs a country. Its obvious markets will give more importance to a country than just one person’s job.

Did you notice that people who are too excited to make money because of news and Intraday trading actually end up giving their peace and money. And people who are disciplined traders and are happy with small profits live in peace and make money too.

Now it’s your choice what you want to do? I will always walk on the path which is peaceful and makes money too although slowly, not a path with full of surprises, no peace and speed of losing money far exceeds speed of making money.

One of my clients yesterday asked me the same thing what to trade on Monday because of this news. I replied I do not care for such news but you can go ahead if you are interested but do not blame me if you lose money. Had he traded he would have lost. See this:

rajan-retirement-news-trade

Humm just in actually he traded, did not listen to me and lost money:

rajan-trade-results

Imagine what must have happened to Future trades. They must be scratching their heads.

I am sure people who were eager to short Nifty on Monday must not have slept well on Saturday, Sunday and since they have lost money on Monday, will not be able to sleep well even today.

Walk on the right path then see how both peace and money will come your way.

Conclusion:

  • Read, research and seek knowledge of trading.
  • Once you find the best trading strategy for you, make your own rules of trading on what works best for you. Then do not listen to others and fall for greed.
  • Be happy with even small profits. Small profits means you are not losing money and are better than 95% of traders who lose money.
  • Lots of people may say a lot of things everyday about markets, but do what your trade rules says. Ignore the noise that’s much better than trading in noise.
  • Read newspaper for knowledge on what’s happening around you but do not try Intraday trading on them.

    I would like to hear from you on do you trade on what others say and have you made money over a long time based on what others say? Please leave your thoughts in the comments section.


    What you should do now

    1. If you have still not subscribed for my free 5 days course you can do by filling the form above. You will learn a lot about option trading.

    2. If you are a new option trader, not much experienced and are making losses you can do my paid course. I recommend Nifty Conservative Option Course for beginners because it is easy to understand and easy to trade. Even a 18 year old young trader or a housewife can learn it and start trading from next day. It will help you to earn consistent monthly income without any software or speculation or stress or big risk. You will learn proper hedging strategies that works in any market condition.

    3. If you are banknifty weekly options trader you can do my Bank Nifty Weekly Options & Futures Strategy Course. You will learn future and option hedging strategies that works in volatile market condition.

    Testimonials

    What Traders Say About My Course

    Course fees: Click here to know the course fees.

    Here is complete process of my course

    1. Once you pay I will send you the course materials for studying to your email.
    2. You read and ask me questions via phone/whatsapp/email to clear doubts.
    3. Then you start paper trading and still can ask me questions.
    4. After about one month you can start trading.
    5. Since doubts can come anytime the support will be there for one year.

    Within one month you can start trading on your own. No need to depend on anyone once you are on your own.

    If you have any question you can contact me.

    You can read about me here and my trading mistakes here.

    TheOptionCourse.com Copyright @ All Rights Reserved
    Dilip Shaw, Founder

    Copyright Infringement: Any act of copying, reproducing or distributing any content in the site or newsletters, whether wholly or in part, for any purpose without my permission is strictly prohibited and shall be deemed to be copyright infringement.

    INCOME DISCLAIMER: Any references in this site of income made by the traders are given to me by them either through Email or WhatsApp as a Thank You message. However every trade depends on the trader and his level of risk taking capability, knowledge and experience. Moreover stock market investments and trading are subject to market risks. Therefore there is no guarantee that everyone will achieve the same or similar results. My aim is to make you a better & disciplined trader with the stock trading and investing education and strategies you get from this website. Please note that I DO NOT give tips or advisory services by SMS, Email, or WhatsApp or any other form of social media. I strictly adhere to laws of my country. I only offer education on finance, investments on stock markets in the best possible way as much as I can through this website. Still, you must consult an authorized advisor or do thorough research before investing in any stock or derivative before trading any strategy given in this website. I am not responsible for any investment decision you take after reading any article given in this website. Knowledge is the only way to get success in stock markets. I try my best to give stock market investing and trading knowledge through the articles posted in this website. Thanks for visiting my website.

    Brexit What To Trade Tomorrow
    Why I Do Not Believe In Providing Tips in Stock Markets
  • About the author: I started trading stock markets since 2007. However my first 3 years were losses. Then I dedicated almost 1 year on studying, researching, paper trading options and learned a lot in that time. Since 2011 I am trading Nifty options profitably. Call me if you need any help trading options on 9051143004.

    { 2 comments… add one }
    • marina s rao

      Dilip ji,

      Namasthe.

      Learning points from this post :

      The world does not care for one persons’ job.

      Markets will give more importance to a country than just one person’s job.

      People who are too excited to make money because of news and Intraday trading actually end up giving their peace and money.

      People who are disciplined traders and are happy with small profits live in peace and make money too.

      Plz correct the following lines :

      In 1st para from the start :

      ‘ Hope you also must have seen how all market pundits jumped into concussion that on Monday… ‘

      as

      ‘ Hope you also must have seen how all market pundits jumped into conclusion that on Monday… ‘.

      In 3rd para from the start :

      ‘ If Stop Loss is hot exit else stay on. ‘

      as

      ‘ If Stop Loss is hit exit else stay on. ‘

      Under Sub title ‘ So what U want to say Dilip ‘

      In 2nd para :

      ‘ A printed paper with ones and zeros printed on it me does not inspire me. ‘

      as

      ‘ A printed paper with ones and zeros printed on it does not inspire me ‘

      In 6th para :

      ‘ After that whatever the results VIX will surly fall. ‘

      as

      ‘ After that whatever the results VIX will surely fall. ‘

      The line above ‘ Conclusion : ‘

      ‘ Walk on the right path then see how both peace and money both will come your way. ‘

      as

      ‘ Walk on the right path then see how both peace and money will come your way. ‘

      ThanQ.

      M S Rao

    Leave a Comment

    Menu