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

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

For further details,

Contact Admin (Analyst) @

(0)9788563656

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

Artists know that there is no creativity without a system of formal restraints.
           -KATHY GALLOWAY, introduction, Dreaming of Eden

RELAX CORNER

JUST SMS TO YOUR PAL

God created the earth, God created the woods,
God created you too, but yes, even God makes mistakes!

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.

JOYOUS START OF A WEEK

FROM AN EXPERIENCE

Some of the trading errors:

1.  Refusing to define a loss.

2.  Not getting rid of a losing trade when it is obviously a loser.

3.  Getting locked into a bullheaded opinion about market direction.

4.  Focusing on monetary value of trade instead of market structure.

5.  Revenge trading to recoup a loss.

6.  Not reversing a position when the market is clearly changing direction.

7.  Not following the rules of your strategy.

8.  Planning for a trade and then not taking it.

9.  Not acting on your intuition.

10.  Giving back recent gains due to over-trading or inconsistency.

We can learn a lot from the market, and from ourselves, if we would only listen.

                                                                             ***
Before the Trade

1. Do you know the name and numbers of all your counterparts, especially if your equipment breaks down?

2. When does your market close, especially on holidays?

3. Do you have all the equipment you’ll need to make the trade, including pens, computers, notebooks, order slips, in the normal course and in the event of a breakdown?

4. Did you write down your trade and check it to see for example that you didn’t enter 400 contracts instead of the four that you meant to trade?

5. Why did you get into the trade?

6. Did you do a workout?

7. Was it statistically significant taking into account multiple comparisons and lookbacks?

8. Is there a prospective relation between statistical significance and predictivity?

9. Did you consider everchanging cycles?

10. And if you deigned to do a workout the way all turf handicappers do, did you take into account the within-day variability of prices, especially how this might affect your margin and being stopped out by your broker?

11. If a trade is based on information, was the information known to others before you?

12. Was there enough time for the market to adjust to that information?

13. What’s your entry and exit point?

14. Are you going to use market, limit or stop orders?

15. If you don’t get a fill how far will you go? And what is your quantity if you get filled on all your limits?

16. How much vig will you be paying if you use market or limit orders and how does that affect the workouts you did knowing that if you use stops you are likely to get the worst price of the day and all your workouts will be worthless because they didn’t take into account the changing price action when you use stops, to say nothing of everchanging cycles?

17. Are you sure your equipment is as good and as fast as the big firms that take out 100 million a day with equipment that takes into account the difference between being 100 yards away from an exchange and the time it takes the speed of light to reach you?

18. Are you going to exit at a time or based on a goal? And did you take into account what Jack Aubrey always did which is to have an escape route in case all else fails?

19. What important announcements are scheduled? and how does this affect when and what kind of order to use? For example, a limit before employment is likely to be down a percent or two in a second. Or else you won’t get filled and you’ll be chasing it all day.

20. Did you test how to change your size and types of orders based on announcements?

21. What’s the money management on this trade?

22. Are you in over your head?

23. Did you consider the changing margin requirements when the market gets testy or the rules committee with a position against you increases the margins against you?

24. How will a decline in price affect your margin and did you take into account what will happen when you get stopped out because of margin?

25. What will happen if you need some money for living expense or family matters during the trade? Or if you have to buy a house or lend money to a friend?

During and After the Trade

1. What’s your game plan if it goes against you and threatens your survival?

2. Will you be able to get out? Did you take that into account in your workout?

3. More typically, what will you do if it goes way against you and then meanders back to give you a breakeven? Or if it immediately goes for you or aginst you?

4. Would you be willing to take a ½% profit if you get it in the first 10 minutes?

5. Did you test whether taking small opportunistic profits turns a winning system into a bad one?

6. How will unexpected cardinal events affect you like the “regrettably,” or the pre-annnouncement of something you expected for the next open? And what happens if you’re trading an individual stock and the market goes up or down a few percent during the day, or what’s the impact of a related move in oil or interest rates?

7. Are you sure that you have to monitor the trade during the day? If you’re using stops, then you probably don’t have to but then your position size would have to be reduced so much that your chances of a reasonable profit taking account of vig are close to zero. If you’re using 10% of your capital on a trade, they you’ll have to monitor it for survival. But, but, but. Are you sure you won’t be called away by phone calls, or the others?

8. Are you at equilibrium in your personal life? You’re not as talented as Tiger Woods, and you probably won’t be able to handle distressed calls for money or leaks on the home front. Are you sure that if you’re losing you won’t get hit on the head with a 7-iron, or berated until you have to give up at the worst possible time?

9. After the trade did you learn anything from the trade?

10. Are you organized sufficiently to have a record of all your trades for your accounting and learning?

11. Should you modify your existing systems based on it?

12. How does recency and frequency and value affect your future?

13. Did you fit your after activities to your mojo?

14. If you made a good profit, did you take some capital out of the fray for a rainy day?

15. Have you learned to say “fair” whenevever anyone asks you how you’re doing and are you sure that you don’t spend a fortune after a good trade, and dissipate your profits with non-economic activities?

16. Is there a better use for your time than monitoring the ticks or the market every minute of the day if you do, and if you don’t, do those who do so and have much faster and better equipment than you have an insurmountable advantage against you?

Well, specs, that’s what I come up with off the top. How would you improve or augment it?

                                                                                                 (to be contd)

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES –  NOV 29   

  `

No problem for Bears below 5820 today

If trades above 5771 a hike upto 5817-27-36

is possible.

Overall resistance @ 5878

On the other hand,

A break below 5772 leads Nifty future to 5758

Next support (after breaching 5758 decisively)

@ 5725-14

(Three consecutive closes of 
NIFTY SPOT below 5727 
pulls the index to  

5545-5500 levels very soon)

 

Use the levels wise and
trade to win pals.

BANK NIFTY

Buy btwn 11778-807

T1 – 11853-77  

T2 – 11892- 901

T3 – 11930

Sell btwn 11682-53

T1 – 11606-583 

T2 – 11569-60

T3 – 11531

  

SHARE TIPS TODAY (NOV 29) 

1) Sell ABB @ 762

    T1 – 757

    T2 – 749      

2) Sell  LICHSGFIN @  930

    T1 – 920

    T2 – 912

3) Sell RELINFRA @ 852.75

    T1 – 846.10

    T2 – 840.20

4) Sell MANINFRA @ 216.25

    T1 – 214.25

    T2 – 212.45

5) Sell SESAGOA @ 299.10

    T1 – 297.10

    T2 – 295.30

    

     

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

abruptly 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

Free Daily and Weekly Stock Market Prediction: 29th Nov 2010 to 3rd Dec 2010

Planetary position during November and December 2010
Sun will transit from Scorpio sign.
Mercury will transit from Sagittarius sign.
Venus will transit from Libra sign.
Moon will transit from Leo, Virgo and Libra.
Mars will transit from Scorpio sign and will 
enter in Sagittarius in 30th November 2010.
Rahu will transit from Sagittarius.
Jupiter will transit from Aquarius.
Saturn will transit in Virgo.
Ketu will transit in Gemini.


Market Prediction for 29th November 2010


Transiting Moon will be passing through Leo Zodiac sign. Transiting Moon will be in semi sextile aspect with Transiting Saturn. Moon would be placed in house of Luck, which indicates it would be good day for Indian stock market. Market may do good business between 10.00 and 13.00, but after this period some selling pressure would be seen. Market trend may change after 14.45. Market would go flat/up 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

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

For further details,

Contact Admin (Analyst) @

(0)9788563656 

U.S. & SOUTH KOREA ON WAR EXERCISES

South Korea and the United States began assembling ships for joint war exercises Sunday off the west coast of the Korean peninsula in the Yellow Sea, a source at the South Korean Joint Chiefs told CNN.

The military exercises are set to begin as diplomats worked to ease tensions in the Koreas after North Korea warned of unpredictable “consequences” if the United States fulfills its vow of deploying an aircraft carrier to the Yellow Sea for joint military maneuvers with South Korea.

On Sunday, South Korean defense officials said the country had issued and lifted an order for civilians to take cover in shelters on the border island of Yeonpyeong after hearing loud noises inside North Korea that sounded like rounds of artillery firing, though no shells landed on the island.

The South Korea-U.S. military exercises are scheduled to begin at 3 p.m. Sunday (1 a.m. ET).

North Korea’s official Korean Central News Agency warned Sunday what could happen if the country perceives its waters are infringed upon.

“The DPRK [Democratic People's Republic of Korea] will deal a merciless military counter-attack at any provocative act of intruding into its territorial waters in the future,” the state news agency said.

China’s foreign minister spoke with his Russian, U.S., and Japanese counterparts, and a Chinese representative visited Seoul as envoys underscored the need to lower the temperature in the longtime flash-point region, days after four South Koreans died when North Korea shelled Yeonpyeong Island.

North Korea said the South provoked the Tuesday attack because shells from a South Korean military drill landed in the North’s waters. South Korea was holding its annual Hoguk military drill when the North started its shelling, and the South returned fire.

The KCNA has slammed South Korea and the United States for provoking the crisis.

It called reports of civilian casualties part of South Korea’s “propaganda campaign” and accused the “enemy” of creating “a human shield by deploying civilians around artillery positions and inside military facilities before the launch of the provocation.”

“If the U.S. brings its carrier to the West Sea of Korea at last, no one can predict the ensuing consequences,” said KCNA, referring to the aircraft carrier USS George Washington, which is set to join South Korea’s forces near the coasts of China and North Korea for the four-day military drill scheduled to start Sunday.

U.S. State Department spokeswoman Nicole Thompson called the claims “outrageous.”

“This is just another example of North Korea’s own internal propaganda. The North Koreans for many years, including the Cheonan warship incident, have taken provocative action. This didn’t have anything to do with U.S. actions,” Thompson told CNN, referring to the sinking of a South Korean ship in March that left 46 people on board dead.

The United States and South Korea blame the sinking on the North, which has consistently denied responsibility.

Diplomats, seeking a lessening of tensions and a return to the six-party talks with North Korea over the country’s nuclear aspirations, have busily labored to avert more hostilities. The United States, China, Japan, Russia, South Korea and North Korea are the six countries that have been involved in the talks, which were put on hold in 2008.

“These parties should call on the DPRK and South Korea to exercise calmness and restraint and hold dialogue and make contacts, and not to take actions that would escalate the conflict,” China’s official Xinhua news agency quoted Chinese Foreign Minister Yang Jiechi as saying. China is North Korea’s largest trading partner.

Yang and Russian Foreign Minister Sergey Lavrov “stressed the need to prevent the situation from exacerbating and to work toward relieving the tensions,” according to the Russian Foreign Ministry.

Xinhua reported that Japanese Foreign Minister Seiji Maehara said his country “is willing to work together with China to joint safeguard peace and stability on the Korean peninsula.”

And a Twitter message from U.S. State Department spokesman P.J. Crowley said Secretary of State Hillary Clinton spoke with Yang on Friday and “encouraged Beijing to make clear that North Korea’s behavior is unacceptable.”

Meanwhile, Dai Bingguo, a Chinese state councilor, sat down with South Korean Foreign Minister Kim Sung-hwan in Seoul to discuss the tensions.

The violence has sparked anger and political turmoil in South Korea. The country’s defense minister, Kim Tae-young resigned after the exchange of fire, and veterans of the South Korean military protested Saturday on the streets of Seoul, stating they were angry that their country’s government had not done enough to respond to the North’s shelling.

One group of protesters gathered near the defense ministry building Saturday, clashing with police officers with some charging and kicking officers.

Two South Korean marines were among the four killed in the shelling. Hundreds of mourners attended their nationally televised funeral Saturday, weeping before photos of the two men set among an array of flowers.

As for Sunday’s joint military exercises, China appeared to criticize them Friday and Chinese analysts warned against the United States and South Korea embarking on “sensitive and provocative military actions.”

“We oppose any party to take any military acts in our exclusive economic zone without permission,” Foreign Ministry spokesman Hong Lei said in a statement, Xinhua reported.

But the United States has described the drill as defensive in nature. The exercises were planned months ago, and are meant to underscore strong ties between South Korea and the United States, defense officials from both countries have said.

There will be no live firing element in the drills. Live firing exercises can only take place in a designated training range or in a closed-off area at sea, said Cmdr. Jeff Davis, public affairs officer for the U.S. 7th Fleet. Such firing exercises are not possible given the amount of traffic in the area, he said.

The drills will include anti-air-attack and anti-surface-attack exercises, communications and data drills, expert exchanges, logistical support, and replenishment drills. For example, a Korean oil tanker will refuel a U.S. ship, Davis said.

But the prospect of more violence has prompted alarm across the region. Japan’s Kyodo news agency reported that Japanese “Cabinet members have been ordered to stay in Tokyo until Wednesday and be at their ministry offices within an hour in the event emergency situations develop.”

The tense maritime border between the two Koreas has become the major military flash point on the Korean peninsula in recent years.

The Yeonpyeong attack was the first direct artillery assault on South Korea since 1953, when an armistice ended fighting, though both Koreas are still technically at war.

                                 

TRADING





Rule #1
Be data centric in your approach:

Take the time and make the effort to understand what works and what doesn’t. Trading decisions should be objective and based upon the data.

Rule #2
Be disciplined: The data should guide you in your decisions. This is the only way to navigate a potentially hostile and fearful environment. 

Rule #3
Be flexible: At first glance this would seem to contradict Rule #2; however, I recognize that markets change and that trading strategies cannot account for every conceivable factor. Giving yourself some wiggle room or discretion is ok, but I would not stray too far from the data or your strategies.

Rule #4
Always question the prevailing dogma: The markets love dogma. “Prices are above the 50 day moving average”, “prices are breaking out”, and “don’t fight the Fed” are some of the most often heard sayings. But what do they really mean for prices? Make your own observations and define your own rules. See Rule #1.

Rule #5
Understand your market edge: My edge is my ability to use my computer to define the price action. I level the playing field by trading markets and not companies.

Rule #6
Money management: Money management. Money management. It is so important that it is worth saying three times. There are so few factors you can control in the markets, but this is one of them. Learn to exploit it.

Rule #7
Time frame: Know the time frame you are operating on. Don’t let a trade turn into an investment and don’t trade yourself out of an investment.

Rule #8
Confidence and conviction: Believe in your strategies and bet wisely but with conviction. There is nothing more frustrating than having a good strategy work as you expect, yet at the end of the day, you have very little winnings to show for your efforts.

Rule #9
Persistence: It takes persistence to operate in the markets. Success doesn’t come easy, and if it does, then I would be careful. Even the best strategies come with losses, and they always seem to come when you get the nerve to make the big bet. Stay with your plan. If you have done your home work, the winning trades will follow.

Rule #10
Passion: In the end, trading has to be about your bottom line, but you have to love what you do and no amount of money is worth it if you aren’t passionate about the process. No matter how much success you enjoy, in the markets you can never stop learning.

Rule #11
Take care of yourself: No amount of money is worth it if your health is failing or you have managed to alienate yourself from family and friends in the process.

ED SEYKOTA - The jadeMaster

Lots of people go into trading as a way to get rich quick. The fact is that rarely if ever will happen. Trading is a career and a life-long study.  The markets are always changing, and they are always the same. I have invested so much time, money, and study into trading. To excel in trading requires extremely hard work and discipline. The same combination required for excellence in any field.

If you knew that is not way to fail in trading, how hard would you like to work on it? Would you ever quit?

Seykota is considered to be one of the best traders to ever live. The following story helped me immensely and I think of it often, very often.

The Jademaster

One cold winter morning a young man walks five miles through the snow. He knocks on the Jademaster’s door. The Jademaster answers with a broom in his hand.
“Yes?”
“I want to learn about Jade.”
“Very well then, come in out of the cold.”
They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young man’s hand and begins to talk about tree frogs. After a few minutes, the young man interrupts.
“Excuse me, I am here to learn about Jade, not tree frogs.”
The Jademaster takes the stone and tells the young man to go home and return in a week. The following week the young man returns. The Jademaster presses another green stone into the young man’s hand and continues the story. Again, the young man interrupts. Again, the Jademaster sends him home. Weeks pass. The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the kitchen and sweep the floors. Spring comes.
One day, the young man observes, “The stone I hold is not genuine Jade.”

உன்னால் முடியும் தம்பி தம்பி...


Getting tired,bored,fed up in life...?
Watch these people now
(Achieve anything through practice,so do trading)  

A PERFECT SPECULATOR

Parod, india, Perfect Specultor

MESSAGE TODAY

It is worth mentioning, for future reference, that the creative power which bubbles so pleasantly in beginning a new book quiets down after a time, and one goes on more steadily. Doubts creep in. Then one becomes resigned. Determination not to give in, and the sense of an impending shape keep one at it more than anything.

                                                                               -VIRGINIA WOOLF

RELAX CORNER

JUST SMS TO YOUR PAL

If being ugly would hurt, you would be in pain

all day long.?

Love me or leave me. Hey,where is everybody going ???

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.

BEARISH THURSDAY...?

FROM AN EXPERIENCE

Too many traders believe that their last trade is a reflection of just how good of a trader they are (but they are the only ones who feel that way about themselves).
This boils down to one word – expectation. If you expect to win all the time, or even the vast majority of the time, you’re setting yourself up for a lot of heartache. 
That frustration, though, is the very same force that will truly make your negative perception of yourself a reality. And even a good trade can be damaging if you let it warp your disciplined approach. The fact of the matter is that this is a game of odds, and should be played over a long period of time.
Focus on the war – not the battle.

A common trait among newer traders, or among traders that are not

profitable is a need for perfection. With so much noise in the media, 

blogs, and forums about calling tops and bottoms, one would think

it’s a trader’s job to predict such things.

Expecting to nail the top or bottom is a recipe for frustration

and inconsistent performance.For the discretionary

trader, perfectionism is the enemy of the good. 

Trading is about making money while simultaneously

controlling risk, it has nothing to do with perfectionism.

All traders have some degree of perfectionism, but some have 

more than others.  The variation in perfectionism is due to

personality differences, and the different career backgrounds 

that some people bring to trading.

Traders with strong perfectionist tendencies often equate

taking a loss with failure. For these traders, a losing trade

often marks the beginning of a new cycle of negative internal

dialogue that often leads to trades based on frustration instead

of what the market is doing. 

A trader who is less focused on

perfectionism and has more flexible expectations realizes the

inherent uncertainty underlying any market is the reason why

losses are part of the business. This realization helps one to 

develop the ability to tolerate emotions that are associated with

pre-defined losses.

Another common problem associated with perfectionism is 

that it often leads to rigidity and a very mechanistic view of 

the market. The market is akin to a living breathing dynamic

entity. 

The market’s moves, especially in the short-term, 

are not determined by precision and logic, but by perception

and emotion. Letting go of the need to be right will free you

up to focus on doing the right thing.

                                                                        (to be contd)

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES –  NOV 25

  `

Bears will have full control below 5894 today.

Last Hope for Bulls - 5820

If breaks watch a non-stop slide upto 5800 - 5777

and thereafter upto 5731 in panic

On the other hand,

Will short covering help fresh Bull Riders today?

It is possible to an extent if Nifty Futures sustains

above 5855 atleast for 30 minutes

(i.e. allow a ‘30 minutes’ full candle above 5855

and go long at the break of the candle’s high.

Otherwise do not think of going long)

Your day trading target will be 5894 and 5912.

If 5912 too crossed decisively, watch more hike upto

5930-55

BANK NIFTY

Buy btwn 11920-50

T1 – 11999-12024 

T2 – 12039-49

T3 – 12079

Sell btwn 11820-789

T1 –  11741-16

T2 –  11701-691

T3 –  11661

 

SHARE TIPS TODAY (NOV 25) 

1) Sell DCM @ 130.45

    T1 – 128.50

    T2 – 127.50

2) Sell IBREALEST @ 162.50

    T1 – 160.70

    T2 – 159.50

3) Sell COROMANDEL @ 576.10

    T1 – 571.90

    T2 – 567.50  

4) Sell RCOM @ 143.45 

    T1 – 142.10

    T2 – 141  

5) Sell LICHSGFIN @ 1069      

    T1 – 1059 

    T2 – 1052 

6) Sell MANINFRA @ 264.30 

    T1 – 262.10   

    T2 – 260.10

    T3 – 258.10

IMPORTANT THINGS TO BE NOTED

 1.NEVER EVER COVER THE POSTION

    TILL TARGET1 IS ACHIEVED

   (TAKE YOUR OWN DECISIONS 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

abruptly 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

• Today, the Moon is in the Punarvasu Nakshatra, whose Lord is Jupiter.
• The Moon today has crossed Ketu, it is still in the same Rashi. Don't be relaxed.
• From 9:15 to 11:45, Nifty makes a 'head & shoulder' patter, thrice. 
• It means that Nifty will change the pattern every few minutes, and do time pass.
• From 11:45 to 13:13, Nifty may become soft, step-by-step.
• From 13:13 to 14:30, the number of calls may increase.
• From 14:30 to 15:30, the weightage is same as the last time slot,
• But it's highly volatile. It's not a one-sided game.

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

EGO - ELIMINATE IT


There is no place for arrogance on the trading floor. The stock market has the uncanny ability to identify and humble arrogant traders. The best traders respect the market at all times. 
Traders are most susceptible to arrogance after an extended winning streak. It’s amazing how weeks of disciplined trading can be wiped out by one bad day. Arrogance is a virus in your trading, as it eats away at the edges of your discipline. Without proper discipline, the market will eat you for lunch.








COMMON EMOTION PITFALLS - HOW TO SOLVE? 




Peak performance in trading is frequently hindered because of the emotions a trader feels, and more importantly how their trading behaviors change based on those emotions. I have found that the following four emotional experiences have the greatest, direct impact on a trader’s ability to achieve higher levels of success.








1)      Fear of Missing Out
2)      Focusing on the Money and Not the Trade
3)      Losing Objectivity in a Trade
4)      Taking Risk Because you are Up (or down) Money


 Fear of missing out occurs when a trader is more afraid of missing an opportunity than they are of losing money. As a result, traders tend to overtrade in a desperate effort to ensure that they do not miss out on money-making situations. This overtrading can then potentially trigger an undertrading response if the traders experience a “trading injury” such as a big loss along the way. The way to solve this is first to accept the reality that you’re always going to miss out on something, somewhere. The second step is to establish game plans on paper and hold yourself accountable to executing those plans.
 Focusing on the money and not the trade limits performance because the trader quantifies their success based on their profit and loss data. As a result, when he or she is up or down a certain amount of money that they view as significant, they alter their trading behaviors regardless of what the actual, real trading opportunity is that is presented to them. The way to solve this is to quantify your success based on HOW you traded not HOW much you made on the trade. Did you have edge? Was it your pitch? Did you make a high-quality trade?

Losing objectivity in a trade occurs because traders develop emotional ties to their previous entry levels. The trader is no longer making trading decisions based on the trade, but rather based on how much they are up or down in the trade. The key to overcoming this is for the trader to continually ask him/herself, “Why am I in this trade?” and “If I was not in this trade right now, would I enter this trade long, short or do nothing?”

Taking bad risk because you are up or down money
People do not like to lose – especially money. Normal solid risk/reward thinking becomes skewed once a trader is up a large sum of money. They begin to experience something called “mental accounting” and they treat money differently based on how they made money or how quickly they earned it. On the flip side, when traders are down money, they tend to be consumed with trading for revenge and trying to make it back, oftentimes as quickly as they lost it. As a result, they may take “shots” or do the “screw it” trade because they feel helpless. To solve this destructive behavior, the trader should use their trading journal to document their emotional highs and lows and what triggered it so they can be in tune with when they are feeling over-confident or angry/frustrated. Once they recognize these emotions, they should immediately call a time out and step away from the computer or reduce the risk they are taking until they can bring themselves back to center court.

U.S - SINO CURRENCY RAP BATTLE

IMBALANCES EXPLAINED WITH CREATIVITY
JUST WATCH IT DUDES

MESSAGE TODAY

Creativity is a type of learning process where the teacher and pupil are located in the same individual.

                                                                  -ARTHUR KOESTLER

RELAX CORNER

WANT TO ENJOY A WIT? THINK MORE,DEEP,LATERAL

Those who jump off a bridge in Paris are in Seine.

A man’s home is his castle, in a manor of speaking.

Practice safe eating—always use condiments.

Shotgun wedding—a case of wife or death.

A man needs a mistress just to break the monogamy.

A hangover is the wrath of grapes.

Reading while sunbathing makes you well red.

When two egotists meet, it’s an I for an I.

A bicycle can’t stand on its own because it’s two tired.

What’s the definition of a will? (It’s a dead give away).

She was engaged to a boyfriend with a wooden leg but broke it off.

If you don’t pay your exorcist, you get repossessed.

The man who fell into an upholstery machine is fully recovered.

A lot of money is tainted—taint yours and taint mine.

He had a photographic memory that was never developed.

Once you’ve seen one shopping center, you’ve seen a mall.

Bakers trade bread recipes on a knead-to-know basis.

Santa’s helpers are subordinate clauses.

Acupuncture is a jab well done.

JUST SMS TO YOUR PAL

 No one has ever complained of a parachute not opening.

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.