WICKED WEDNESDAY...?

FROM AN EXPERIENCE

Ancient man had no risk management. Everything was left to ‘fate’ and the whims of the gods. Because ancient man felt that he was merely a victim of circumstance he did not see a need to plan for the future. Therefore, he had no future. In his book
Against The Gods: The Remarkable Story Of Risk, Peter Bernstein plots out the history of man’s discovery of the law of probabilities and risk management. Suffice it to say, economic progress seems to run parallel with man’s ability to discover, quantify, and manage risk. Risk and reward are two sides of the same coin. One is not present without the other. You cannot receive the reward unless you are willing to take the risk and you cannot expect to keep that reward unless you learn to mange that risk. It is imperative to master both subjects if you expect to be successful in any endeavor, especially the arena of investing/trading.”
All successful traders use methods that suit their personality; You are neither Waren Buffett nor George Soros nor Jesse Livermore; Don’t assume you can trade like them.

What the market does is beyond your control; Your reaction to the market, however, is not beyond your control. Indeed, its the ONLY thing you can control.

To be a winner, you have to be willing to take a loss; (The Stop-Loss Breakdown)

HOPE is not a word in the winning Trader’s vocabulary;

When you are on a losing streak — and you will eventually find yourself on one — reduce your position size;

Don’t underestimate the time it takes to succeed as a trader — it takes 10 years to become very good at anything; (There Are No Shortcuts)

Trading is a vocation — not a hobby

Have a business/trading plan

Identify your greatest weakness, Be honest — and DEAL with it

There are times when the best thing to do is nothing; Learn to recognize these times
(Nothing Doing)

Being a great trader is a process. It’s a race with no finish line.

Other people’s opinions are meaningless to you; Make your own trading decisions
(The Wrong Crowd)

Analyze your past trades. Study what happened to the stocks after you closed the position. Consider your P&L game tapes and go over them the way Vince Lombardi Bill Parcells reviewed past Superbowls

Excessive leverage can knock you out of the game permanently

The Best traders continue to learn — and adapt to changing conditions

Don’t just stand there and let the truck roll over you

Being wrong is acceptable — staying wrong is unforgivable

Contain your losses (Protect Your Backside)

Good traders manage the downside; They don’t worry about the upside

Wall street research reports are biased

Knowing when to get out of a position is as important as when to get in

To excel, you have to put in hard work

Discipline, Discipline, Discipline !

HISTORY

YESTERDAY SHOUTED LIKE ANYTHING IN INTRADAY
MESSAGES MANY TIMES
THAT NIFTY FUTURES GOING TO TAKE SUPPORT @ 5823
WHAT HAPPENED THEN YOU ALL NOTICED.
WE CATCH THE U-TURNS PERFECT
THAT'S WHY IT IS IMPORTANT FOR YOU TO SUBSCRIBE

AND I HOPE AS USUAL 
YOU ALL ENJOYED THE FREE

DAY TRADING TIPS

GIVEN YESTERDAY

TODAY's TRADING STRATEGY

OF NIFTY FUTURES - NOV 24

Day’s resistance between 6022-33

Above 5949, value touches 5966

If and only if Nifty Futures sustain abv 5966

for atleast 15-20 minutes, it goes further to kiss

6022 and 6033

Mild resistance in the middle @ 6006

On the other hand,

If trades below 5947 and cuts 5929

with a good volume

watch a non-stop slide upto 5910-5894-5876

And after this support exists @ 5859-50-43

Have a good trade.

BANK NIFTY

 

Buy btwn 12252-82

T1 – 12328-52

T2 – 12367-76

T3 – 12406

Sell btwn 12156-26

T1 – 12079-55

T2 – 12041-32

T3 – 12002

SHARE TIPS TODAY (NOV 24)

1) Sell IOC @ 366

T1 – 363.10

T2 – 360.35

2) Sell DIVISLAB @ 644.35

T1 – 639.60

T2 – 632.50

3) Sell NTPC @ 179.75

T1 – 178.10

T2 – 176.25

4) Sell DBRealty @ 313.25

T1 – 310.10

T2 – 307.20

T3 – 304.10

5) Sell JINDALSWHL @ 1612

T1 - 1601

T2 –1585

T3 – 1575

PS:

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, U-TURN WARNING,

REVERSE TRADING

& MORE INTRADAY TIPS IN MARKET HOURS

EXCLUSIVELY TO THE SUBSCRIBERS

Disclosure:

Solely I have all the rights to stop the free trials abruptly

provided in this spaceat any moment. Pls subscribe

as soon as possible,join hands with us and enjoy.

AN ASTRAL VIEW OF MARKET TODAY

STOCK MARKET PREDICTION FOR 24th NOV 2010

Transiting Moon will be passing through Gemini Zodiac sign. Transiting Moon will be in applying aspect with Transiting Ketu, which indicates Market would make new high in every trading session. Most of all scripts go up. Market may do business in green signal during first trading session. Market may go up between 09.33 and 10.02. Market trend may change after 13.53. Market would gradually go up. Market would go up 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

(Please refer to ‘OUR POLICIES’ before you leave the site)

For further details,

Contact Admin (Analyst) @

(0)9788563656

HOW TO KNOW WHEN TO EXIT?

This started as a quirky post but quickly turned into something probably more useful. I admit the post is based on personal experiences. Luckily, I do not make these mistakes any more….at least not very often . Enjoy!

1) It is time to sell when…..you find yourself using extra technical indicators on charts to justify holding your position that you didnt use to get into it in the first place!

2) It is time to sell when…..you find yourself going to yahoo message boards to see if someone has some positive news that you don’t know!

3) It is time to sell when…..you find yourself justifying to yourself holding a position for fundamental reasons when you entered it for technical reasons!

4) It is time to sell when…..when you listen to an ” Idiot expert” on Blue Channels or Joker Analysts Websites to chart a stock checking for entry when you are already in it!

Let me know if you readers have any other such fun “indicators” and I shall add them.

TRADING SHOULD BE

• Money comes in bunches.

That one says it all. You can’t force trades. You can’t simply work harder in order to be ‘in sync’. Sometimes you are, sometimes you are not. You simply have to accept that as being part of the trading business. What you can do, is to closely monitor if your performance is in sync with the market’s performance. If the markets make new highs and your overall portfolio is going down something is wrong. You need to address that issue. Fast. The best way is to step aside and drastically reduce exposure and risk. That’s what I did.

• Trading should be effortless.

A true piece of wisdom. In my experience when I trade well it is like shooting fish in a barrel. Almost everything works. I don’t need to be overly patient with positions. The money comes in very fast. That’s exactly how trading should be. The exact opposite was the case during the first 2 months of this year. So I did what I had to do. I recognized the situation for what it was and admitted my efforts were not leading my portfolio anywhere. It was like folding when you are dealt a bad hand in poker. So I folded. Now I am waiting for the next hand. If it is a bad one I fold again. If a series of trades start to really go my way I push it hard and increase exposure and trade aggressively.

• When in doubt stay out.

This one is key. That’s how I interpret the adage: It doesn’t mean you don’t trust your instincts or your methodology. As a trader you should adapt to new situations. You constantly analyze the markets and your performance. Then you adjust your trading. Then you compare your expectations with the actual outcome. Then you adjust your trading. Then you repeat the process. At times things simply do not work. That’s when doubt creeps in. You know something is not ‘feeling right’. Your job is to protect your capital. Your job is not ‘to be right’. Put another way: You should be able to exit or reduce exposure without the need for explanations. The markets usually give you those explanations at some later point in time.

MESSAGE TODAY

The secret to creativity is knowing how to hide your sources.

                                          -ALBERT EINSTEIN

RELAX CORNER

JUST SMS TO YOUR PAL

HALLO, this is your mobile. There is no particular problem.

I just wanted to leave your pocket,the smell is unbearable!!!

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