FROM AN EXPERIENCE
I am not a prolific goal scorer, but I recently scored a goal that was hailed as the “Goal of the Match” in a 5-1 win.
What made this goal so perfect is the same thing that is often responsible for my best trades – patience. So picture this; the field is about the size of a hockey rink, complete with wooden sideboards.
Jesse Livermore’s Definition of Speculation
Jesse Livermore, the 20th century’s most (in)famous speculator provided his own definition of speculation – preceding Graham and Dodd’s by several years. In Reminiscences of a Stock Operator, under his pseudonym of Lawrence Livingston, he said: “The speculator is not an investor. His object is not to secure a steady return on his money at a good rate of interest, but to profit by either a rise or a fall in the price of whatever he may be speculating in.”
Intelligent Speculation
Benjamin Graham and Jesse Livermore both had more to say about speculation: Benjamin Graham continued – this time in The Intelligent Investor:
Outright speculation is neither illegal, immoral, nor (for most people) fattening to the pocketbook. More than that, some speculation is necessary and unavoidable, for in many common-stock situations there are substantial possibilities of both profit and loss and the risks therein must be assumed by someone.
There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are:
- speculating when you think you are investing
- speculating seriously when you lack proper knowledge and skill for it
- risking more money in speculation than you can afford to lose
Livermore said:
- The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
- Speculation is a hard and trying business, and a speculator must be on the job all the time or he’ll soon have no job to be on.
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES - NOV 23
If trades above 6024 for 15 minutes a hike upto
6048-54 is seen on cards.
Decisive cross over of 6055
takes Nifty futures to 6075-93
On the other hand,
If fails to break yesterday’s high (6027)
and trades below 6013 watch a slide upto
5991 and thereafter to 5974
Have a nice trade.
BANK NIFTY
Buy btwn 12454-84
T1 – 12532-57
T2 – 12572-81
T3 – 12611
Sell btwn 12356-26
T1 – 12277-53
T2 – 12238-29
T3 – 12199
SHARE TIPS TODAY (NOV 23)
1) Sell BGRENERGY @ 705.60
T1 – 700.50
T2 – 693.75
2) Sell ZUARIAGRO @ 730
T1 – 723
T2 – 717
3) Sell DBRealty @ 336.85
T1 – 333.85
T2 – 330.75
4) Sell SHRIRAMEPC @ 209.50
T1 – 206.30
T2 – 203.25
5) Sell PATNI @ 455
T1 – 451.10
T2 – 447.10
6) Sell OPTOCIRCUITS @ 271.35
T1 – 269.50
T2 – 267.80
7) Sell DIVISLAB @ 655
T1 – 649.10
T2 – 643.60
8) Sell RCF @ 102.30
T1 – 100.10
T2 – 98.90
FOR YOUR EYES
1. NEVER EVER COVER THE POSTION
TILL TARGET1 IS ACHIEVED
(TAKE YOUR OWN DECISION AFTER T1)
2. NEVER EVER ENTER INTO A TRADE
BEFORE THE ABOVE MENTIONED LEVELS
or AFTER THE TARGETS WERE ATTAINED.
3. STOPLOSS LEVELS, REVERSE TRADING
& MORE INTRADAY TIPS IN MARKET HOURS
EXCLUSIVELY TO THE SUBSCRIBERS
Disclosure:
Solely I have all the rights to stop the free trials
provided in this space at any moment.
Pls subscribe as soon as possible,
join hands with us and enjoy.
(Please refer to ‘OUR POLICIES’ before you leave the site)
For further details,
Contact Admin (Analyst) @
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AN ASTRAL VIEW OF MARKET TODAY
Transiting Moon will be passing through Taurus Zodiac sign. Transiting Moon will be in applying aspect with Transiting Mercury, which indicates it would be good day for Market. Some profit booking would be seen at higher levels, but Market would gradually go up. Market may go up between 11.24 and 11.58. Market trend may change after 14.02. Market would go up or nearer to previous closing during last trading session.
Disclaimer
On repeated requests of the readers
this astral prediction is started.
Traders are advised to attain some technical knowledge
before they get into trades anyway
-EDITOR
MESSAGE TODAY
Our consciences are not all of the same pattern.
-GEORGE ELIOT, Daniel Deronda
RELAX CORNER
JUST SMS TO YOUR PAL
Your future depends on your dreams - So go to sleep!
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