RAVENOUS BULLS AWAIT THIS THURSDAY

 FROM AN EXPERIENCE

1. They plan every single trade. EVERY SINGLE ONE.

Every trader I’ve talked with that makes money consistently 

knows the following about every single trade they take before 

they even begin entering a limit order into their trading platform:

a) the highest price they are willing to pay (if they are going long) 

or the lowest price at which they are willing to sell (if they are 

going short)
b) their profit target where they will exit if they are “right”
c) their stop loss where they will exit if they are “wrong”
d) the risk/reward ratio of the trade
e) the exact percentage of their account they are risking

Lots of traders do one or two of these things. Few do all of them. 

In simple terms they know exactly what they want to pay, 

how much money they anticipate making (or losing) and a very 

clear idea on the probability of the trade working out.

Although you might think that every great trader uses hard 

stops that are pre-programmed in, many don’t . However, 

they are highly disciplined and when their stop loss number 

comes up they are out. Most traders don’t have that type of 

hard-core discipline and so a hard stop loss is still their best option.

2. They stopped trying to pick tops and bottoms years ago

Nearly all of the classes, courses and webinars you’ll find on the 

Internet talk about using support and resistance of some type 

to find where a market is turning and how to get in before or while

it does.

The funny thing is that only a very few successful traders I have 

ever talked to trade that way. Simply put, 95% of the traders 

out there that make money are buying higher highs and selling 

lower lows. They do the exact opposite of nearly everyone 

out there because they found out long ago that picking tops 

and bottoms is a sucker’s bet. One trader described it to me 

by saying that it’s much easier to just participate in what a 

market is already doing than trying to guess when that 

behavior will change. Flip-flop your strategy to agree with 

what the market is doing rather than guessing on when it 

will change its mind, and you’ll be in a much better position 

to make money trading.

3. They are patient with winners – and ridiculously 

impatient with losers.

 Most traders have a great deal of patience with their losers 

but get nervous about locking in gains and sell them to 

quickly – the exact opposite of what wealthy traders do. 

Wealthy traders realize that they may actually have more 

losing trades than winning trades so they quickly get out when 

they are wrong. It is the only way to ensure that they can give 

their winners the attention they deserve.

They coddle their winners and kick their losers to the 

curb without a second thought.

4. They trade one market. ONE

I’ve talked with great traders who can trade futures, forex and

stocks at the same time. They are a gifted tiny minority.

The vast majority of successful traders concentrate on one 

market and become so comfortable with it that they 

begin to “know” the behavior of that market just watching 

price and volume. Test yourself – if you aren’t able to get rid 

of all your charts and simply look at price and volume to trade, 

you’re probably not concentrating enough on one market in 

order to know its moods. What we’re really talking about here, 

of course, is not the mood of the market itself but the moods 

of the market participants!

Focus on trading one market exceptionally well rather 

than try to trade whatever’s hot – that’s how wealthy traders do it.

5. Their benchmark for success is anything but money

Money changes everything. It sure does. We’re all in this to 

make money. The trouble is, when traders use the amount 

of money they make to judge their own success, something 

happens to them – to all of us, really – that clouds our 

decision-making ability.

Wealthy traders have realized this and instead focus on other 

things to determine if they’ve had a successful day. Whether 

it be how well they were able to execute on their trading 

plan (see rule #1), or their overall ability to predict 

short-term movements in whatever they are trading, they 

know that if they do those things correctly, the money will follow.

Yes of course the money is important. Any trader who says 

otherwise is a fool. Why else would we put ourselves through 

this daily ride. But there is something about making it a 

secondary focus that allows the best traders to make 

better decisions. The growing trading account simply becomes 

a nice result – a side benefit if you will – of making good 

decisions and reading the market well.

Dennis Gartman is famous for boiling down great trading to 

one thing: “Do more of what is working and less of what isn’t.” 

Sure makes a lot of sense to me

                                                                                           (to be contd)

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES –  DEC 2 

No problem for Bulls above 5976

They would take Nifty to 6018-35 for sure.

and a maximum hike today upto 6049-54 is seen

on day chart if traded with good volume

What if not cuts yesterdays high (5991)

& trades below 5976?

If happened watch a slide upto 5946-33

If that too breached, more slide upto 5918

is seen on cards

Strong (day) support @ 5918

BANK NIFTY

 Buy btwn 12411-42

T1 – 12493-519       

T2 – 12534-44

T3 – 12576

Sell btwn 12307-276

T1 – 12224-199

T2 – 12183-172

T3 – 12142

  

SHARE TIPS TODAY (DEC 2) 

1) Sell HEROHONDA @ 1922.25 

    T1 – 1910.50

    T2 – 1902.50

2) Sell BAJAJ-AUTO @ 1569

    T1 – 1563

    T2 – 1558

3) Sell SESAGOA @ 299.25  

    T1 –  297.70 

    T2 –  296.40

     

IMPORTANT THINGS TO BE NOTED

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.

AN ASTRAL VIEW OF MARKET TODAY

 Stock Market Prediction for 2nd December 2010

Transiting Moon will be passing through Virgo Zodiac sign. Transiting Moon will be in applying aspect with Transiting Jupiter, but Moon would be void of course after 10.00, it means Moon would not make any aspect with any planet in this sign, which would create some problem for Indian stock market. However, Indian stock market may show stability. Market may go up between 9.39 and 10.04. Market trend may change after 10.10. Market may 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

BEST PRACTICES FOR TRADERS

1) Preparation to start the day and week: Having a clearly formulated strategy to guide trading decisions;

2) Keeping score: Using a trading journal to structure learning, document progress, and sustain positive motivation;

3) Managing risk and maximizing opportunity: Trading with more risk/size when trading well and clearly seeing opportunity and pulling back risk when drawing down, trading poorly, and perceiving little opportunity;

4) Taking breaks: Stepping back from markets periodically to gain fresh perspective, reformulate views, and tweak strategies;

5) Treating trading as a business: Limiting overhead, having a clearly defined plan to move toward profitability, focusing on distinctive areas of strengths and opportunity.

So much of what makes traders great is what they do between market sessions, how they do it, and how much of it they do.

TRADING DECISION

There is a huge difference between a wish and a decision. A wish is a negative and puts the trader in a frozen state waiting for something to happen (generally associated with trying to get even on losing trades). That is negatively charged energy. 
Decisions, on the other hand, are positively charged energy. It makes the trader take action. Taking action is taking responsibility. You alone are responsible for your current mental state or condition. Decisions can be both good and bad of course.
The sooner the trader realized the bad decision, the sooner they can act to correct it.
The first step in the decision-making process is to realize that what you are doing is not working. Remember that falling down is a positive motions is you bounce right back. Make a list of the positive and negative things that will happen when you take action on the decision.
Don’t expect instant gratification if you make the decision. Decision-making is a process that begins with the first step but these steps are the foundation for a stronger behavioral structure. This structure will give you the confidence in your trading.
Confidence plays a key role in successful trading. Having the confidence necessary for successful trading can help the trader in difficult trading environments. 
Whereas one trader lacking confidence and good decision-making skills may be frozen and unable to act, the trader who has taken the time to build this foundation will be prepared to take the appropriate actions.




MESSAGE TODAY

Experience is never limited, and it is never complete; it is an immense sensibility, a kind of huge spider-web of the finest silken threads suspended in the chamber of consciousness, and catching every air-borne particle in its tissue.
                                                 -HENRY JAMES, The Art of Fiction

RELAX CORNER

JUST SMS TO YOUR PAL

  
Hey can u do me a favour, take a pic of urself n send me it, i'm playin cards n i'm missin the joker!!

DEAR FRIENDS,

LOOKING FORWARD TO YOUR VALUABLE 

FEEDBACK FOR THE PROGRESS OF THE SITE

DISCLAIMER

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

VACILLATING WEDNESDAY

FROM AN EXPERIENCE

Losing discipline is not a trading problem; it is the common result of a number of trading-related problems. Here are the most common sources of loss of discipline, culled from my work with traders:

10) Environmental distractions and boredom cause a lack of focus;

9) Fatigue and mental overload create a loss of concentration;

Overconfidence follows a string of successes;

7) Unwillingness to accept losses, leading to alterations of trade plans after the trade has gone into the red;

6) Loss of confidence in one’s trading plan/strategy because it has not been adequately tested and battle-tested;

5) Personality traits that lead to impulsivity and low frustration tolerance in stressful situations;

4) Situational performance pressures, such as trading slumps and increased personal expenses, that change how traders trade (putting P/L ahead of making good trades);

3) Trading positions that are excessive for the account size, created exaggerated P/L swings and emotional reactions;

2) Not having a clearly defined trading plan/strategy in the first place;

1) Trading a time frame, style, or market that does not match your talents, skills, risk tolerance, and personality.

                                                                                                   ****

BEING "SCATTERED"

This is a diagram I drew to represent a very definite negative state associated with trading which I have called “being scattered”… I know many of you will know what this means. This could relate to various things in life, but lets just relate it to trading.

The big red dot of course represents a negative emotion, either from something like a large drawdown, frustration that you are not making progress, getting stopped out yet again, feeling as though you’ll never master this skill etc. The little blue dots are what happens to your ability to focus as a result. It just blows your thoughts to dust.
I find that when I enter this state, I start making lots of little crazy trades or I start tinkering with things, like indicators and EA’s or surfing the net and reading a million articles etc. I now tend to do that in my demo account in the name of experimentation but actually it is just negative undisciplined behavior. You just basically totally lose it. You come apart in your head.
Now the point is that this is the worst worst time to be trading – you need to get yourself out of it ASAP. The problem is I’ve observed you can be stuck in this state for days and not even realize.
The way I now get myself out of it is to do a massive conscious refocus. You have to STOP and start over.
Get clear on you goals. Do you want to be a professional or just mess about for ever wasting time and money? (These are the types of questions I say to myself). 
AND I find it’s important at these times to scale back – scale back in you margin, focus on practicing ONE THING at a time. Or even just leave it for a while.
I’ll tell you honestly what a big source of this is for me, the idea that it will possibly take me years to master this skill just throws a spanner in my works. Occasionally, perhaps after a trading loss, I’ll just get thrown into the scattered state – my head is buzzing with conflicting trading idea, like a swarm of flies. It’s all in a million disconnected pieces, I can remember it all but put non of it together. I’m confuuuuused!!! 

                                                      

 WIKILEAKS REVEALS PLANS FOR NORTH KOREAN COLLAPSE

BEIJING — Leaked U.S. diplomatic cables show China’s frustration with communist ally North Korea and speculate Beijing would accept a future Korean peninsula unified under South Korean rule, according to the documents released by whistle-blowing website WikiLeaks.

The memos posted online by media organizations indicate the enormous import American and South Korean diplomats place on China’s attitude toward the future survival of the isolated and impoverished hard-line communist regime in Pyongyang.
The release of the documents follows new tensions in the region with North Korea unleashing a fiery artillery barrage on a South Korean island that killed four people a week ago. The regime also warned that joint U.S.-South Korean naval drills this week had pushed the peninsula to the “brink of war.”
China “would be comfortable with a reunified Korea controlled by Seoul and anchored to the US in a ‘benign alliance’ as long as Korea was not hostile towards China,” then-South Korean vice-foreign minister, Chun Yung-woo, is quoted as telling U.S. ambassador to South Korea Kathleen Stephens in February.
Chinese officials are also quoted as using mocking language in reference to North Korea, pointing to tensions between the two neighbors in contrast to official statements underscoring strong historical ties.
Then-Deputy Foreign Minister He Yafei is quoted as telling a U.S. official in April 2009 that Pyongyang was acting like a “spoiled child” by staging a missile test in an attempt to achieve its demand of bilateral talks with Washington.
China is also preparing to handle any outbreaks of unrest along its border with North Korea that could follow a collapse of the regime. Chinese officials say they could deal with up to 300,000 refugees but might have to seal the border to maintain order, the memos said, citing an unidentified representative of an international aid group.
The diplomatic cables warned, however, that China would not accept the presence of U.S. troops north of the demilitarized zone that currently forms the border between the two Koreas.
U.S. Secretary of State Hillary Rodham Clinton asserted Monday that WikiLeaks acted illegally in posting the material. Officials around the world have said the disclosure jeopardizes national security, diplomats, intelligence assets and relationships between foreign governments.
Britain’s the Guardian newspaper and The New York Times were among five international media organizations to receive the documents in advance.

China has largely rebuffed calls to use its influence to force Pyongyang to moderate its behavior, while opposing harsh economic sanctions or international censure. Beijing has responded to the latest crises by repeating calls for a return to long-stalled, six-nation denuclearization talks that the North has rejected.

o

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES –  DEC 1 

WATCH 5904 TODAY

If trades above 5893 for 15-20 minutes and cuts 5904

decisively a hike upto 5920-40-57 is seen on cards.

Or otherwise if cuts 5880 & trades below the level

see a slide upto 5865 and if this breaks with

good volume more slide upto 5847-37

Since a very volatile session is expected today,

traders have to be extra cautious.

BANK NIFTY

 Buy btwn 12073-12102

T1 – 12148-71      

T2 – 12186-95

T3 – 12224

Sell btwn 11978-49

T1 – 11902-879

T2 – 11864-55

T3 – 11826

  

  

SHARE TIPS TODAY (DEC 1) 

1) Sell DEN @ 178.25

    T1 – 176.25

    T2 – 174.25

    T3 – 172.25-170.10

2) Sell HANUNG @ 298.85

    T1 – 296.60

    T2 – 294.75

3) Sell ESCORTS @ 189.9

    T1 –  188.50

    T2 –  187.75      

4) Sell ICICIBANK @ 1141

    T1 – 1132

    T2 – 1124

     

IMPORTANT THINGS TO BE NOTED

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.

AN ASTRAL VIEW OF MARKET TODAY

Stock Market Prediction for 1st December 2010

Transiting Moon will be passing through Virgo Zodiac sign. Transiting Moon will be in applying aspect with Transiting Saturn. Moon is placed in cardinal sign, which is good for the market. Market may do good business during first trading session. Market may go up between 10.05 and 10.30. Market trend may change after 11.43. Market may 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

IS VENTING EMOTION GOOD FOR TRADING?


Does venting emotion help a trader regain focus or does it exacerbate emotional and physical arousal and interfere with concentration and decision making? Research actually suggests that venting emotion after a traumatic event can lead to worse psychological outcomes.
The key seems to be whether the venting allows for a reprocessing of the stressful events. If the venting leads to new ways to interpret what has happened–new perspectives–it can be helpful. If there is no such transformation of the stressful event, venting can simply amplify stress responses and reinforce them. Venting in a social manner to gain control can constitute good coping. But losing emotional control simply reinforces a sense of lost control.

How do *your* coping efforts work for you?

Take a look at how well you trade after a position has gone against you. Do you trade better after a drawdown or worse?

How about after you have a few winning trades, days, or weeks in a row? Do you trade better or worse? Breaking down your performance as a function of recent performance will tell you a great deal about how effective you are in coping with risk and reward.
The other excellent indicator of whether your coping is working for you is your emotional experience during trading. If you find that anxiety, overconfidence, frustration, and stress are pushing you into poor decisions, you know that you’re not coping well with the uncertainties of markets.
Finally, it is helpful to identify the sequences of coping behaviors that you utilize when you’re making good decisions and the sequences when you’re trading poorly. Knowing how your individual coping responses come together to form coping strategies can help you cultivate your coping strengths.
Tracking how you deal with challenges when you are at your most effective enables you to create a mental model of that coping that you can call upon during periods of high stress. We cannot avoid the stresses of trading, but those do not have to generate distress and biased decisions.

A REVIEW - POPES & BANKERS

Over the last weekend I finished reading Popes and Bankers: A Cultural History of Credit and Debt, from Aristotle to AIG by Jack Cashill and enjoyed it a great deal. It’s not a perfect book, but it has a lot going for it: the amount of information contained in it is simply amazing for a relatively thin, easy-to-read paperback and it is written from an ethical perspective that I believe most members of this list will find agreeable. I certainly could disagree with very little of the moral and ethical commentary contained therein.

The book is really a collection of loosely tied essays and historical notes on the origins and use of credit and money. Surprisingly, more than anything is is also a kind of a history of Jewish people in Europe and, to a lesser degree, in the US. It is also a cautionary tale about “prodigals” turning on the “usurers” through history demonstrating that little is new under the sun in the financial area other than the technical innovations. The specific distinct areas of the book are too numerous to mention, but even after having a lifelong interest in the origins of money and credit I learned a great deal about the contributions of the Greeks and Romans, the Medicis, Luther and Calvin, as well as Marx and Aristotle and the almost endless parade of German and American Jews. 

For those who have read more than one description of the various early European manias and the creation of the Fed, those in the book can be safely skipped, but it was worth it for me to pick up some details I wasn’t aware of before.

On the negative side, while interesting there were too many citations from Michael Lewis with respect to the modern American portion of the material. These made for a somewhat amateurish quality of those chapters, and of course reminded me of our host’s lack of respect for the man. Overall though it was a very satisfying book so I highly recommend it.

BERNARD BARUCH  - TRADING QUOTES

• 

• A speculator is a man who observes the future, and acts before it occurs.
• If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
• During my eighty-seven years I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.
• Age is only a number, a cipher for the records. A man can’t retire his experience. He must use it. Experience achieves more with less energy and time.
• Do not blame anybody for your mistakes and failures.
• Every man has a right to his opinion, but no man has a right to be wrong in his facts.
• I made my money by selling too soon.
  I never lost money by turning a profit.
• Most of the successful people I’ve known are the ones who do more listening than talking.
• Never pay the slightest attention to what a company president ever says about his stock.
• Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought. 
                                                                                                                                      *****

 

 

 

WE SMELL A VERY BIG SCAM ....IN FORTHCOMING MONTH WHICH WOULD KILL INDIAN MARKET ... (WILL UPDATE SOON)

MESSAGE TODAY

It is the tension between creativity and skepticism that has produced the stunning and unexpected findings of science
                                                                                   -CARL SAGAN

RELAX CORNER

JUST SMS TO YOUR PAL

 Love is photogenic; it needs darkness to develop

DEAR FRIENDS,

LOOKING FORWARD TO YOUR VALUABLE 

FEEDBACK FOR THE PROGRESS OF THE SITE

DISCLAIMER

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

TASTY TUESDAY

FROM AN EXPERIENCE

1. Trading is simple, but it is not easy.
2.  When you get into a trade watch for the signs that you 
      might be wrong.

3.  Trading should be boring.

4.  Amateur traders turn into professional traders once 

     they stop looking for the “next great indicator.”

5.  You are trading other traders, not stocks or futures contracts.

6.  Be very aware of your own emotions.

7.  Watch yourself for too much excitement.

8.  Don’t overtrade.

9.  If you come into trading with the idea of making big money 

     you are doomed.

10.  Don’t focus on the money.

11.  Do not impose your will on the market.

12.  The best way to minimize risk is to not trade when it is not 

       time to trade. 

13.  There is no need to trade five days a week.  

14.  Refuse to damage your capital.

15.  Stay relaxed.

16.  Never let a day trade turn into an overnight trade.

17.  Keep winners as long as they are moving your way.

18.  Don’t overweight your trades.

19.  There is no logical reason to hesitate in taking a stop.

20.  Professional traders take losses because they trust themselves 

       to do what is right.

21.  Once you take a loss, forget about it and move on.

22.  Find out what loss parameters work best for your setup 

       and adjust them accordingly.

23.  Get a feel for market direction by “drilling down” 

       (looking at multiple time frames).

24.  Develop confidence by knowing and executing your 

       trade setups the same way every time.

25.  Don’t be ridiculous and stupid by adding to losers.

26.  Try to enter a full size position right away.

27.  Ring the register and scale out of your position.

28.  Adrenaline is a sign that your ego and your emotions have 

        reached a point where they are clouding your judgment.

29.  You want to own the stock before it breaks out and sell  

        when amateurs are getting in after the move.

30.  Embracing your opinion leads to financial ruin.

31.  Discipline is not learned until you wipe out a trading account.

32.  Siphon off your trading profits each month and stick them 

       in a money market account.

33.  Professional traders risk a small amount of money on their 

       equity on one trade.

34.  Professional traders focus on limiting risk and protecting capital.

35.  In the financial markets heroes get crushed.

36.  Stick to your trading rules and you will never blow up your  

       trading account.

37.  The market can reinforce bad habits.

38.  Take personal responsibility for each trade.

39.  Amateur traders think about how much money they can 

       make on each trade.  Professional traders think about how   

       much money they can lose.

40.  At some point all traders realize that no one can tell them 

       exactly what is going to happen next in the market.

                                                                                                   (to be contd)


RBI FURTHER RELAXES LIQUIDITY EASING MEASURES

In order to provide further liquidity comfort, 
the Reserve Bank of India has decided to:

• Conduct Second Liquidity 
  Adjustment Facility (SLAF) 
  on a daily basis at 4.15 p.m. 
  up to January 28, 2011.
• Allow Scheduled 
  Commercial Banks to avail
  of additional liquidity
  support under the
• LiquidityAdjustment Facility
  to the extent of up to 2.0 per cent of their net demand and 
  time liabilities (NDTL) as on the reporting Friday of the 
  second preceding fortnight.  For any shortfall in Statutory 
  Liquidity Ratio (SLR) maintenance up to January 28, 2011 
  arising out of availment of this facility, banks may seek 
  waiver of penal interest on a fortnightly basis purely as an  
  ad hoc, temporary measure. The liquidity support availed 
  under this facility would, however, need to be reported on a
  daily basis.

It may be recalled that in the Second Quarter Review (SQR) of 

Monetary Policy, 2010-11 announced on November 2, 2010, 

the Reserve Bank had stated that “even though a liquidity 

deficit is consistent with anti-inflation stance, excessive deficit 

in liquidity can be disruptive both, to financial markets and 

to credit growth in the banking system. To ensure that 

economic activity is not disrupted by liquidity constraints, 

the liquidity deficit needs to be contained within a reasonable

limit.”

In line with the stance of monetary policy set out in the SQR, 

the Reserve Bank took a number of steps including open 

market operations (OMO) and re-introduced temporary 

measures on November 9, 2010; the SLAF on a daily basis

at 4.15 p.m. and additional liquidity support to SCBs under the 

LAF to the extent of up to 1.0 per cent of their NDTL as on the 

reporting Friday of the second preceding fortnight up to 

December 16, 2010. These measures were intended to provide 

liquidity comfort arising out of frictional liquidity pressures 

reflected in the LAF window of the Reserve Bank. 

The liquidity pressure has, however, continued. 

The liquidity injected by the Reserve Bank through 

its LAF window since November 8, 2010 has averaged over

1,00,000 crore.

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES –  NOV 30 

If trades above 5841 for 10-15 minutes

see the value upto 5865

If crosses 5866 with volumes see fresh buying

happening all around which leads Nifty futures

to kiss 5893-5902

On the other hand,

If cuts 5809 with volumes and trades below the level

for 30 minutes watch a slide upto 5776-67

BANK NIFTY

 Buy btwn 11913-42

T1 – 11988-12012     

T2 – 12027-36 

T3 – 12065

Sell btwn 11817-788 

T1 – 11742-18  

T2 – 11704-695

T3 – 11665

  

  

SHARE TIPS TODAY (NOV 30) 

1) Sell ESCORTS @ 193.60

    T1 – 192.30

    T2 – 191.25       

2) Sell JINDWORLD @ 225.90

    T1 – 223.80

    T2 – 222.30

     

IMPORTANT THINGS TO BE NOTED

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.

AN ASTRAL VIEW OF MARKET TODAY

Stock Market Prediction for 29th November 2010

Transiting Moon will be passing through Virgo Zodiac sign. Transiting Moon will be in semi sextile aspect with Transiting Venus, which indicates It would be testing time for Indian stock market. Selling pressure would be seen. Market may not sustain green signal for long. Market may go up between 9.35 and 10.02. Market may gradually go down. Market would go down during last treading 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

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For further details,

Contact Admin (Analyst) @

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A BOOK WORTH READING

Michael Jardine’s latest book focuses on simple ways to profit from predictable moves in today’s financial markets…

In today’s financial climate, many traders are finding the markets difficult to navigate. With the volatile swings seen over the past weeks and months, it is increasingly difficult to predict where the market is headed and even harder to make a profit day after day. Emotion and inexperience trading in today’s market conditions can lead some to overtrade, trying to gain back the losses suffered throughout this current economic downturn.

In the latest trading title from niche finance publisher Marketplace Books, Just a Trade a Day: Simple Ways to Profit from Predictable Market Moves, traders are introduced to Michael Jardine’s newly developed methods of making market predictions–and profiting—making just a single trade each day.

The author of New Frontiers in Fibonacci Trading, Jardine has used his extensive background in Fibonacci theory to build an easy-to-use trading system. In clear-cut terms, he teaches traders how apply the Market Profile™ and Points of Control to determine how today’s market environment will best produce with their own particular trading style. By giving readers real-life examples from his very own life experiences building this system, Jardine proves the success of this system.

Michael Jardine has been trading, teaching about trading, and blogging about trading on his web site, Enthios.com, for over twelve years. His first trading book, New Frontiers in Fibonacci Trading, was published in 2003. Now, seven years later, Jardine has come back with a combination of his own Jardine Range and what he has dubbed the “Universal Chart,” to find that one trade a day is what all traders are looking for. Jardine has held many positions at a number of marketing-oriented companies including, Chanel, Walt Disney, and Patagonia. He has also created a highly informative video presentation to optimize your trading profits and gain more trading confidence.

DO YOU TRADE THE MARKET OR YOUR EMOTIONS



As traders try to improve performance, the one piece of knowledge that is often overlooked, is self-knowledge. Most traders would benefit by simply focusing on doing more of what works and less of what doesn’t, which sounds obvious, but the reality is that most do just the opposite. Learning to identify which behaviors work and which don’t is not as fun or interesting as learning a new trading strategy or set-up.; and awareness of one’s internal state is just as critical, but that is typically not dealt with.  As a result, most traders focus outward and ignore their inner process. And the way this often plays out for a trader is they trade their emotions and not the market.




MESSAGE TODAY

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           -KATHY GALLOWAY, introduction, Dreaming of Eden

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