HOW TRADING EQUALS GAMBLING FOR WINNERS ?
Pay Attention…and It Will Pay You. Concentrate on everything when you are playing/trading. Watch and listen; remember to do both and relate the two.
Understand When to Play Aggressively…It’s the Winning Way. Don’t be a tight or a loose player/trader; be a solid one and recognize when it is time to press your bets/positions. To attain superior returns in poker and investing over the long run, grind it out (in stocks until you are up 30%-40%, and then if you have convictions, go for a 100% year). If you can avoid losing and put together a few 100% years, you can achieve outstanding long-term investment performance.
Tells: Look For Them and You Will Find Them. Poker players and stock markets have tells — giveaway moves that are very revealing. Learn to recognize them. History is your textbook.
ESP…It’s a Jellyroll. In those rare instances when all your card knowledge and market judgment/knowledge leaves you in doubt, go with your strong feelings and not against it.
Honor: A Gambler/Trader’s Ace-in-the-Hole. A good reputation and respect from others will put you in good stead.
Be as Competitive as You Can Be. Go into a poker game and into a trade with the idea of completely destroying your opponent or scoring a major investment coup. If you win a pot or make a successful trade, nearly always play the next pot or make the next trade shortly thereafter — within reason. Although the cards and trades might break even in the long run, rushes do happen and momentum often feeds upon itself. When you earn the right to be aggressive, you should be aggressive. When one has a tremendous conviction in a poker hand or trade, you have to go for the jugular.
Art and Science…It takes Both. Both activities are more art than science — that’s why they are so difficult to master. Knowing what to do is about 10% of the game. Knowing how to do it is the other 90%.
Money Management. The same sound principles of money control apply to the business of tournament/professional poker and to successful investing. The way to build long-term returns or poker winnings is through preservation of capital and home runs.
The Important Twins of Poker/Investing, Patience and Staying Power. Come to the poker table or to the markets with enough time to stay and play for a while.
Alertness is a Key. You must stay alert at all times.
So is Discipline.
Never Let Your Mind Dwell on Personal Problems. Never play/trade when you are upset. Make a conscious and constant effort to discover any leaks in your play, and then eliminate them.
Control Your Emotions. Allowing your confidence to be shaken can turn a simple losing streak into a terrible case of going bad. Keep your emotions in check. When you lose a pot or make a poor investment decision, get up, walk around the chair or take some deep breaths. Don’t lose your poise. If a trade or poker hand does not work out, walk away from the position/hand. Be confident enough about your ability to win afterwards.
The market is totally impassive. It is always right. It rolls along and no-one can tell it what to do. If it doesn’t go where your analysis and your trading methods say it should, and you are losing money, it’s no good blaming the market, your broker, or
even your trading method.
even your trading method.
If you are a “high powered” business executive who can manipulate and persuade people, it won’t work on the market. The market is impassive and takes no notice.
If you take some losses and get emotionally upset, and aim your fury at the market, it won’t work. The market will not respond to you. It’s impassive and takes no notice.
If you take some losses and aim your emotional fury at your broker, it won’t work. He’ll probably be impassive and take no notice either!
If you take some big wins and in your elation imagine that you are now the Omnipotent Master Trader, be careful because you are now emotionally very vulnerable. Don’t let your suddenly acquired wealth and your feeling of euphoria cause you to get careless with your trading methods or your money management. Don’t, whatever you do, bet too large a proportion of your account on the next trade!
(to be contd...)
DAY TRADING STRATEGY
OF NIFTY FUTURES – AUG 26
OF NIFTY FUTURES – AUG 26
DO NOT GET TRAPPED IN BULL’S TRAP BEFORE 5505
Strong Resistance exist between 5492-5502
More chances for Nifty Futures
to kiss 5453 & 5433
below 5468 today
And For God sake do not take long positions before 5505
Use the levels for your trading, but do not trade blindly..
BANK NIFTY
Good resistance @ 11077 in EOD card
Day Support @ 10909 &
Resistance @ 11005
Buy btwn 10977-94
T1- 11020-34
T2- 11046-63
Sell btwn 10923-06
T1- 10880-66
T2- 10854-37
[Nifty, Bank Nifty levels and intraday news updated here gives an astonishing success rate more than 97% is more than enough for the readers to attain a decent profit daily.
To mint more money or become a CROREPATHY pls subscribe and
enjoy with our guidance]
SHARE TIPS TODAY (AUG 26)
INTRADAY
Sell BILPOWER @ 197
T1 – 195
T2 – 192
Sell VASCONEQ @ 163.30
T1 – 159.90
T2 – 154
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-Mahindeesh (a) Sathish
Cuddalore-2
Tamil Nadu
TODAY’S QUOTE
Marriage is popular because it combines the maximum of temptation with the maximum of opportunity.
-GEORGE BERNARD SHAW, Maxims for Revolutionists
RELAX CORNER
JUST SMS TO YOUR PAL
*Sardar to doctor:
When I sleep, monkeys
play football in my dreams.
Dr:No problem,
just take this medicine b4 sleep.
Sardar: I’ll take it tomorrow.
Today is FINALS
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