WELCOME MONDAY

Trading ‘Tilt’

A few of the many lessons to be learned from this story:

The market is always right–except at significant tops and significant bottoms.

Keep and open and flexible mind. When in doubt, get out.

If you must have a guru, take him or her with many grains of salt

Do not add to losing positions.

Try every day to make yourself stronger, better and more integrated as a person.

Stay true to yourself. Lying to yourself and others, and trading on hope and prayer do not work

Most importantly, accept and recognize that you are not perfect. You are human and are going to make mistakes. Trading is the only profession where losing is actually winning.

BUT— unless you accept mistakes as mistakes and learn from them, you will not progress and be upside down. Unless you are able to get your trading brain out of the cave you will not accumulate regret. It is only through the true acceptance of a mistake as a mistake that we accumulate regret. This is how we learn and grow as traders and human beings.

Why do we as traders hold on to our losses?

Hope,
Fear,
Anger,
Apathy,
Confusion,

When we see ourselves on the wrong side of a trade, we hold on with the thought that the market will soon come back in our favor, because most of the time it does. Hope, one of the greatest gift’s GOD has given us, can get you killed in the market.
The fear that when we let go of that loss, price is going to come back in our favor and we would have taken that hit for nothing.
The thought that we can’t take this loss, because we don’t want to give back some of our profits. Then the loss becomes so large that we really can’t afford to take it, so we leave it in the hands on the market hoping for mercy. In that situation, believe me the market is going to run over You every chance it gets, and will wipe You out as many times as possible. As generous as it is on the right side of the trade, it is a ravenous beast with no mercy on the other.
You have done all of Your analysis right, You have waited for a proper trade set-up and everything says that You have the advantage, You get in the market and the trade goes against you, and You are madder than hell because You were right, so You refuse to cut the loss.
Let me say that the market loves that, because Your anger is only giving them more of your hard earned money. Your analysis can be 100% perfect and the market can still go against You, because the market will do as it pleases.
It leads and You follow, but make no mistake, the same market that lines your pockets so fully can also turn on you like a mad dog.
Another thing that happens when a loss becomes too large is that thought that “I should have cut it at Rs1000.00, now it is Rs1,0000″. Then the apathy sets in and You just don’t care what happens any more. ‘If it comes around fine’, or ‘if I get wiped out so what’, ‘whatever’, then You turn off your screen and You do something else, but You can’t stop worrying about that loss that is looming over You larger than life. It is so much better for you to cut a loss than to have the market cut it for You.
The other thing is the confusion about when to cut a loss, it can get to be hard, but having a predefined stop before your entry or soon after or a physical SL, will make taking a hit much easier. I never like to try to define people’s SL’s because it is a matter of risk tolerance. You know how much You can afford to loss, and Zero is not an option, while none of us want to lose anything, it is just not realistic in this game. There are people who were prosperous for years in the market and got wiped out in single day or week because they could not stand to take a loss. As long as You have money, you have money to make more money, but when your money is gone, you have to get up from the table.
These things are easy to say in theory but hard to do practically, it is I think the hardest discipline that a trader learns, but we must learn to cut losses quickly. The heartache and money I could have saved by cutting my losses quickly and going in the direction that price was moving would be enough for that new Camaro that I love.
That is the great thing about the market, if You survive to play another day, You eventually get it.
CUT YOUR LOSSES QUICKLY (^_^)!!!!!!!!!!!
A failed long usually makes a good short, and a failed short usually means a good long (^_^). There is always good money to be made in the market, just don’t be the one because of your false hope, or stubbornness, that the market is making money off of. Don’t allow the market to feed on your families hard earned money cut losses quickly!!!!!!!!!!

ALL THE VERY BEST





EVERY SECOND ANALYSTS IN INDIA PREDICTED NIFTY FUTURES TO CROSS 5500 LAST WEEK ..
HERE BOLDLY WRITTEN TO GO SHORT @ 5460

WITHIN A WEEK 100 POINTS GAIN IN NIFTY FUTURES AND 45 POINTS GAIN IN 5400 PUT

SUBSCRIBE AND ENJOY WITH US GUYS

MOREOVER AS PREDICTED EXACTLY NIFTY FUTURES IS HAVING STRONG RESISTANCE BETWEEN 5475-90
THIS IS WRITTEN MANY TIMES IN THE VERY SAME SPACE..
JUST THINK AND USE IT PALS...

NOW

DAY TRADING STRATEGY
OF NIFTY FUTURES – AUG 16

No problem for bulls above 5445

Nifty has an urge to cross the Friday high (5480) today

But anyhow the resistance between 5475-90 is still on...

What if trades below 5441??

Expect a slide upto 5420

and thereafter market gets ready to have another blood bath

BANK NIFTY

Buy btwn 10759-75

T1- 10802-16

T2- 10824-46

Sell btwn 10703-687

T1- 10660-47

T2- 10638-16

As APPLICABLE VOLATILITY falls day by day, pls be careful in fixing the targets in Nifty and Bank Nifty.

Exit with the attained profit as soon as possible. This advice is particularly for day traders and option traders

ALL THE BEST

SHARE TIPS TODAY (AUG 16)

INTRADAY

SELL ANKURDRUGS @ 137

T1 – 133

T2 – 130

WHAT ASTROLOGY SAYS THIS WEEK?

Stock Market Prediction for 16th August 2010


Transiting Moon will be passing through Libra Zodiac sign. Transiting Moon will be in sextile aspect with Transiting Mercury, which indicates Market may do business under pressure. Profit booking will be seen at higher level. Market may go up between 12.52 and 13.22. Market trend may change after 12.15. Market would gradually go up or nearer to previous closing.

Forecast for August 2010 : 16th August 2010 to 20th August 2010

Planetary position during August 2010
Sun will transit from Leo sign.
Mercury will transit from Leo sign.
Venus will transit from Virgo.
Moon will transit from Libra, Scorpio and Sagittarius.
Mars will transit from Virgo.
Rahu will transit from Sagittarius.
Jupiter will transit from Pisces.
Saturn will transit in Virgo.
Ketu will transit in Gemini.

Astro Alert
See the Power of Astrological calculation we will see big fall in Indian Stock Market. Looking at planetary position Indian Stock Market would be heavily volatile.
Perhaps, there may be correction upto 10% to 15% during last quarter of 2010. Exit from all long position.

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 anyhow

-EDITOR

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For further details,

Contact Admin (Editor) @

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-Mahindeesh (a) Sathish

Cuddalore-2

Tamil Nadu

India

TODAY’S QUOTE

To doubt everything or to believe everything are two equally convenient solutions; both dispense with the necessity of reflection.

-HENRI POINCARÉ, Of Science and Hypotheses

RELAX CORNER

JUST SMS TO YOUR PAL

*On a romantic day sardar’s girlfriend asks him,
“Darling on our engagement day will you give me a ring?”
Sardar : “Ya sure, from landline or mobile”.

*Doctor to sardar : You will die within 2 hours.
Do you want to see any one before you die?
Sardar : Yes. A good doctor.

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