FROM AN EXPERIENCE
Selecting the one or two super trades should
consume most of your time. There’s a great deal
of work and thinking to be done in comparing
markets, finding the best Open Interest play and
carefully reviewing the premiums.
The average tendency is to rush over this section
of trading simply because it seems more productive
to look at all the technical wiggle-waggles.
In actuality, as I’ve said so many times,
unless you are fundamentally right in your initial
selection decisions, all the technical tools
will do is get you in trouble.
Please devote all your concentration
and energies to the
selection of your commodities before
you give the technical data any consideration at all.
Technical data is secondary to screening out the
potential big winning trades.
The only technical tool to look at during this
screening is the ten week moving average trend line.
For a bullish situation it should be slanting up;
for a bearish market, it should be slanting down.
by Larry Williams
Want to believe a right thing in Market?
1) What goes up must come down and vice versa.
RULES FOR EFFECTIVE
TRADE EXECUTION
It's easier to find good stocks than to trade
them for a profit.
1. Seek favorable conditions for trade entry,
or stay out of the market until they appear.
Bad execution ruins a perfect setup.
2. Watch the tape before you trade. Look
for evidence to confirm your opinion.
Time, crowd and trend must support the reversal,
breakout or fade you're expecting to happen.
3. Choose to execute or to stand aside.
Staying out of the market is an aggressive way
to trade.
All opportunities carry risk, and even perfect
setups lead to very bad positions.
4. Filter the trade through your personal plan.
Ditch it if it doesn't meet your risk tolerance.
5. Stay on the sidelines and wait for the
opportunity to develop. There's a perfect
moment you're trying to trade.
6. Decide how long you want to be in the market
before you execute. Don't daytrade an investment
or invest in a swing trade.
7. Take positions with the market flow, not
against it. It's more fun to surf the waves than
to get eaten by the sharks.
8. Avoid the open. They see you coming, sucker.
9. Stand apart from the crowd. Its emotions
often signal opportunity in the opposite
direction. Profit rarely follows the herd.
10. Maintain an open mind and let the market
show its hand before you trade it.
11. Keep your hands off the keyboard until
you're ready to act. Don't trust your fingers until
they move faster than your brain, but still hit the
right notes.
12. Stand aside when confusion reigns and the
crowd lacks direction.
13. Take overnight positions before trading the
intraday markets. Longer holding periods reduce
the risk of a bad execution.
14. Lower your position size until you show a
track record. Work methodically through each
analysis, and
never be in a hurry.
15. Trade a swing strategy in range-bound
markets and a momentum strategy in trending
markets.
16. An excellent entry on a mediocre position
makes more money than a bad entry on a good
position.
17. Step in front of the crowd on pullbacks and
stand behind them on breakouts. Be ready
to move against them when conditions favor
a reversal.
18. Find the breaking point where the crowd
will lose control, give up or show exuberance.
Then execute the trade just before they do.
19. Use market orders to get in fast when you can
watch the market. Place limit orders when you
have a life outside of the markets.
20. Focus on execution, not technology.
Fast terminals make a good trader better,
but they won't help a loser.
As predicted in pre-market hours and titled
yesterday’s post did u feel a light tremor
in market
consume most of your time. There’s a great deal
of work and thinking to be done in comparing
markets, finding the best Open Interest play and
carefully reviewing the premiums.
The average tendency is to rush over this section
of trading simply because it seems more productive
to look at all the technical wiggle-waggles.
In actuality, as I’ve said so many times,
unless you are fundamentally right in your initial
selection decisions, all the technical tools
will do is get you in trouble.
Please devote all your concentration
and energies to the
selection of your commodities before
you give the technical data any consideration at all.
Technical data is secondary to screening out the
potential big winning trades.
The only technical tool to look at during this
screening is the ten week moving average trend line.
For a bullish situation it should be slanting up;
for a bearish market, it should be slanting down.
by Larry Williams
Want to believe a right thing in Market?
1) What goes up must come down and vice versa.
That’s Newton’s law, not the law of trading.
And even if the market does eventully self-correct,
you have no idea when it will happen.
In short, there’s no point blowing up your a
ccount fighthing the tape.
2) You have to be smart to make money.
No, what you have to be is disciplined. If you
want to be smart, write a book or teach at a
university. If you want to make money,
listen to what the market is telling you
and trade to make money — not to be “right.”
3) Making money is hard.
Nope. Sorry. Making money is actually easy.
Statistically, you’re going to do it about
half the time. Keeping it, now that’s the hard part.
4) I have to have a high winning
percentage to be profitable.
Not true. How often you are right on a trade is
only half of the equation. The other half is how
much do you make when you’re right and how
much you lose when you’re wrong. You can
remember that with this formula:
Probability (odds of it going up or down)
x Magnitude (how much it goes up or down)
= Profitability
5) To be successful, I have to trade without
emotions.
That is both wrong and impossible.
You are human so you have emotions.
Emotions can be a powerful motivator to your
trading.
When you feel angry or scared in trading,
take that emotion and translate it into
something more productive.
For example, if you’re feeling angry
because you just got run over by the market,
view that anger as a reason to be more
focused and disciplined in your entry and exit
levels on the next trade.
(to be contd)
RULES FOR EFFECTIVE TRADE EXECUTION
It's easier to find good stocks than to trade
them for a profit.
1. Seek favorable conditions for trade entry,
or stay out of the market until they appear.
Bad execution ruins a perfect setup.
2. Watch the tape before you trade. Look
for evidence to confirm your opinion.
Time, crowd and trend must support the reversal,
breakout or fade you're expecting to happen.
3. Choose to execute or to stand aside.
Staying out of the market is an aggressive way
to trade.
All opportunities carry risk, and even perfect
setups lead to very bad positions.
4. Filter the trade through your personal plan.
Ditch it if it doesn't meet your risk tolerance.
5. Stay on the sidelines and wait for the
opportunity to develop. There's a perfect
moment you're trying to trade.
6. Decide how long you want to be in the market
before you execute. Don't daytrade an investment
or invest in a swing trade.
7. Take positions with the market flow, not
against it. It's more fun to surf the waves than
to get eaten by the sharks.
8. Avoid the open. They see you coming, sucker.
9. Stand apart from the crowd. Its emotions
often signal opportunity in the opposite
direction. Profit rarely follows the herd.
10. Maintain an open mind and let the market
show its hand before you trade it.
11. Keep your hands off the keyboard until
you're ready to act. Don't trust your fingers until
they move faster than your brain, but still hit the
right notes.
12. Stand aside when confusion reigns and the
crowd lacks direction.
13. Take overnight positions before trading the
intraday markets. Longer holding periods reduce
the risk of a bad execution.
14. Lower your position size until you show a
track record. Work methodically through each
analysis, and
never be in a hurry.
15. Trade a swing strategy in range-bound
markets and a momentum strategy in trending
markets.
16. An excellent entry on a mediocre position
makes more money than a bad entry on a good
position.
17. Step in front of the crowd on pullbacks and
stand behind them on breakouts. Be ready
to move against them when conditions favor
a reversal.
18. Find the breaking point where the crowd
will lose control, give up or show exuberance.
Then execute the trade just before they do.
19. Use market orders to get in fast when you can
watch the market. Place limit orders when you
have a life outside of the markets.
20. Focus on execution, not technology.
Fast terminals make a good trader better,
but they won't help a loser.
_____________________________________________________________________________________________________
yesterday’s post did u feel a light tremor
in market
in the midst of the previous session ?
Now what next?
TODAY’S DAY TRADING
STRATEGY OF NIFTY FUTURES – OCT 13
Strong resistance @ 6186
NF should cross and sustain above 6138 atleast
for 15 minutes for some climbing upto
for 15 minutes for some climbing upto
6165-85
If crossed even 6187 with good volumes
more hike upto 6212-39
Otherwise if cuts yesterday’s low of 6083
A non-stop slide upto 6055-49-41
And then upto 6036-24
BANK NIFTY
Buy btwn 12537-55
T1 – 12583-98
T2 – 12607-12-30
Sell btwn 12477-59
T1 – 12431-16
T2 – 12407-02-84
Nifty, Bank Nifty levels and intraday news updated here gives astonishing success rate (more than 95%) that is more than enough for the readers to attain a decent profit daily.
To mint much more money pls subscribe our service and
enjoy daily market with our guidance.
Thank you.
SHARE TIPS TODAY
1) Sell BANKINDIA @ 547.8
T- 542.80
2) Sell NAUKRI @ 695.75
T1– 689.75
T2- 683.75
3) Sell TATASTEEL @ 632.50
T – 627.80
4) Sell HDFCBank @ 2375
T1– 2365
T2 – 2355
5) Sell BHARTIARTL @ 336.75
T1– 333.75
T2 - 330.75
6) Sell JSWSteel @ 1325
T – 1316
7) Sell AXISBANK @ 1541
T - 1531
(Please refer to ‘OUR POLICIES’ before you leave the site)
For further details,
Contact Admin (Analyst) @
(0)9788563656
I WANT YOU TO WATCH THIS DEAR FRIENDS.....
Markets Soar "But the World Is Worse Off," Jimmy Rogers Say @ Yahoo! Video
MESSAGE TODAY
Lack of confidence is what makes you want to change somebody
else's mind. When you're OK, you don't need to convince anyone else
in order to empower yourself.
-JADA PINKETT SMITH, Good Housekeeping
RELAX CORNER
JUST SMS TO YOUR PAL
A: No, not at all. Wine made from fruit. Brandy is distilled wine, that mean they take water out of fruity bit so you get even more of goodness that way. Beer also made of grain. Bottom up!
Q: Doctor, I’ve heard that cardiovascular exercise can prolong life. Is this true?
A: Your heart only good for so many beats, and that it…don’t waste on exercise. Everything wear out eventually. Speeding up heart not make you live longer; it like saying you extend life of car by driving faster.
Want to live longer? Take nap
---------------------------------------------------------------------------------------
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