Wednesday, May 28, 2008

IST Theory - What is IST & why the NIFTY?

Ok, I think it is time to explain what IST stands
for.

IST = I Sell Time

When I first thought of this blog, I had decided
to call it ISellTime. It is only later that a
better name occured to me. However, my technique,
which I intend to polish into a theory, retains
the original monicker.

Why the NIFTY? Why not the E-Mini S&P 500, which
I actually use? Two reasons -

1. I want to demonstrate how the theory works for
any liquid, broad market index.

2. It keeps me focused on the theoretical aspects,
which is difficult to do with something I trade
every day.

There is also a third reason, which is that I dont
want to give too much away. I depend on this for
a living, and I make no bones about the fact that
I have had and still have apprehensions about
writing this blog.

Thanks for your viewership!

No comments: