It is my conclusion that playing the market is partly an art form, it is not just pure reason. If it were pure reason, then somebody would have figured it out long ago. That’s why I believe every speculator must analyze his own emotions to find out just what stress level he can endure.
Every speculator is different, every human psyche is unique, every personality exclusive to an individual. Learn your own emotional limits before attempting to speculate, that is my advice to any one who has ever asked me what makes a successful speculator.
If you can’t sleep at night, because of your stock market position than you have gone too far, if this is the case then sell your position down to the sleeping level.
On the other hand,
I believe everyone who is intelligent, conscientious and willing to put in the necessary time, can be successful on Wall Street. As long as they realize the market is a business like any other business – they have a good chance to prosper.
Former US Envoy To UN John Bolton Says “Israel Has 8 Days To Strike Iran”
In an interview with Fox Business News, former US envoy to the UN, John Bolton, told the channel that if Israel wants to prevent Iran from acquiring a working nuclear plant, then a military strike must be launched against the Bushehr nuclear power facility within the next eight days. According to Bolton, once the Bushehr facility is operational it will be too late for a military air strike against Iran because such an attack would affect too many Iranian civilians due to the spread radiation.
Once that uranium, once those fuel rods are very close to the reactor, certainly once they’re in the reactor, attacking it means a release of radiation, no question about it. So if Israel is going to do anything against Bushehr it has to move in the next eight days.”
Bolton simplistic summary is that should Iran launch the reactor, both Israel and the US would be in trouble.
“Iran will achieve something that no other opponent of Israel, no other enemy of the United States in the Middle East really has and that is a functioning nuclear reactor.”
Laslty, Russia was portrayed as evil for daring to go with its own national interest, whatever that may be, over that of the US.
“The Russians are, as they often do, playing both sides against the middle. The idea of being able to stick a thumb in America’s eye always figures prominently in Moscow.”
Regardless, keep an eye out on news developments from the Middle East over the next few days.
DAY TRADING STRATEGY
OF NIFTY FUTURES – AUG 18
Below 5435, no problem for bears and an intraday slide upto 5395-84-70 is for sure.
Suppose if crosses and trades above 5436, hike upto 5455-68-75 is seen on cards
Do not get trapped in long positions until Nifty futures breaks 5475 and sustains for atleast 30 minutes
Readers and traders are asked to use the levels and trade.
BANK NIFTY
Trend line Support (in day chart)
today@ 10440
and @ 10760 in intraday card
BUY/SELL SIGNALS
Buy btwn 10830-46
T1- 10875-886
T2- 10898-915
Sell @ 10760
T1- 10730-720
T2- 10707-690
SHARE TIPS TODAY (AUG 18)
INTRADAY
SELL BARTRONICS @ 126
T1 – 123
T2 - 120
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-Mahindeesh (a) Sathish
Cuddalore-2
Tamil Nadu
TODAY’S QUOTE
-FRANZ KAFKA, as quoted in Carol Dingle's Memorable Quotations
RELAX CORNER
JUST SMS TO YOUR PAL
*Interviewee: What is your date of birth?
Sardar: nov 28.
Interviewer: which year?
Sardar: arey ullu every year.
*Sardar got into a bus on 1st April
when conductor asked for ticket.
He gave Rs.10/-
and took the ticket and said april fool.
I have pass.
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