THE MOST EXPECTED MONDAY

FROM AN EXPERIENCE

1. Stay away from speculative stocks

For all intensive purposes there are 2 types of stocks: speculative and long. Long stocks are generally more stable and battle tested – quick moves up are rare.
Speculative (or spec) stocks are more volatile. Generally the trader is betting on some event to take place to simulate the stock.While spec stocks can be profitable, they can also lose you a lot of money – especially if you are not paying attention to it.

2. Create alerts

Best practice for any stock trade involves setting price targets or points of interest. These are generally points where the trader is looking to open a position, call the trade bad, or take profit.
Nowadays, most online stock brokers offer an easy to set price alert system.
For a more sophisticated alert system, I like to use MarketClub. Essentially this service offers stock alerts direct to your inbox when it notices change in the short and/or long-term trend of a stock and doesn’t require traders to input any actual prices.

3. Run a weekly analysis

Depending on the type of stock this process can be drawn out even more.
Create a spreadsheet of your holdings and stocks on your watch list. Note down any useful measuring points you use to analyze stocks (i.e. price targets, earnings forecasts, and chart patterns).
Every week compare the updated/actual stats with the previous data. Analyse the good and bad and then make changes to your portfolio as necessary.
This process will allow you an allotted and set time to efficiently determine how well your portfolio is holding up. At the same time, you avoid having to succumb to the emotions of overreacting to daily market news.

The worst part of the stock market is that at some point it does have to head lower. Whether that is just for a little or a prolonged trend, each instance requires a certain way to play the market in order to remain profitable, or not lose as much money.
While each down market is individual in what to expect, they all usually entail the same aspects: volatility, unpredictable reaction to news, and brief rallies.
Using the above knowledge, I have crafted some guidelines that I like to implement within a down market to be able to trade another day.

1. Become more active

When the market is going up it is obviously easier to hold onto your stocks. On the other hand, when the market is going down, holding on to stocks can result in massive losses or requiring you to hold on to a stock longer so it becomes profitable.
Either way you look at it, holding on to most stocks in a down market doesn’t have too many positives. So why not become more active?
Sure, you don’t have to become a day trader, but you’ll want to take advantage of any green you get. Moreover, sitting on your hands ultimately does nothing but drain your account balance.

2. Don’t add more cash

“I’m down X amount, but if I add some more cash and pick up more shares of Stock Y, then I will make it all back” (Avoid this statement).
The biggest trap that consumes stock traders is “spotting opportunities.” Just because a stock is 50% off is current 52 week high does not mean it is a great buy. For all we know, the stock is not done dropping or it was highly overvalued when it originally peaked.
Resistance the temptation to add more cash so you can buy those “cheap stocks.” Play with what you have. Are you ready for more money?

3. Use limit orders

Limit orders allow you to specifically put in a price at which you would like the transaction to take place at.
In a volatile market, stocks can jump up and down pretty quickly. If you just use a blind market order, then you are putting yourself at risk of buying a stock at a value (much higher or lower) not conducive to a profitable trade.
Learn about the different type of market orders.

4. Use strict stop losses

In an up market, letting stocks dip a little further than your normal stopping points is common, but in a down market this same practice can cause you more losses.
In a down market, it is key that you use strict stop losses. If the price is met, than drop the stock and move on. There is no guessing to how long it would take for that stock to come back up.
Below every support is another support.

5. Be weary buying on rally days

Just like you might have down days in a bull rally, there will be up days in a bear rally. These are usually the days when your due diligence pays off. You don’t want to be buying stocks on these up days, rather you should be selling the stocks you have already been holding.
The worst thing you can do is buy at a top.

6. Stay away from earnings

While I already admit to having no clue how to play earnings, how traders react to news, in a down market, is even more unpredictable.
Sometimes traders will sell any news, even if the company beat expectations. Other times a rally will occur because it wasn’t as bad as people expected.
Save yourself the worry and just stay away from earning plays.

Conclusion

All in all, while nobody likes a down market, it shouldn’t mean the end of your trading career. Careful maneuvering and awareness of the risk factors should help you navigate the treacherous water that is the down market.
(to be contd)

TODAY’S DAY TRADING STRATEGY

OF NIFTY FUTURES – OCT 4

NO PROBLEM FOR BULLS TILL NIFTY
INDEX CLOSES ABOVE 6013

If trades above 6169 for 15 minutes

see a sure hike upto 6220-34

and after that upto 6245-60 even

On the other hand if trades below 6168

for 20 minutes

slide upto 6135-20-05 is possible (but remote chances for this)

BANK NIFTY

Trading Signals based on Volatility

Buy btwn 12653-75

T1 – 12709-27

T2 – 12740-65

Sell @ 12583-61

T1 – 12527-10

T2 – 12497-71

Nifty, Bank Nifty levels and intraday news updated here gives astonishing success rate (more than 95%) that is more than enough for the readers to attain a decent profit daily.

To mint much more money pls subscribe our service and

enjoy daily market with our guidance.

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SHARE TIPS TODAY

Sell TTKPrestige @ 1109

T1 – 1101

T2 – 1095

WHAT ASTROLOGY SAYS THIS WEEK?

Free Daily and Weekly Stock Market Prediction
and Forecast for October 2010 : 4th October 2010 to 8th October 2010

Planetary position during October 2010

Sun will transit from Virgo sign.
Mercury will transit from Virgo sign.
Venus will transit from Libra.
Moon will transit from Cancer, Leo, Virgo.
Mars will transit from Libra.
Rahu will transit from Sagittarius.
Jupiter will transit from Pisces. Jupiter will retrograde.
Saturn will transit in Virgo.
Ketu will transit in Gemini.

Stock Market Prediction for 4th October 2010

Transiting Moon will be passing through Cancer Zodiac sign. Transiting Moon will be in applying aspect with Transiting Mercury. Moreover, Moon is void of course; Moon would make any aspect with any planet only after changing sign, which indicates Market may volatile. Market may touch both extremes. Market trend may change after 10.20. Market may go up between10.38 and 11.09. Market would gradually go up or previous closing.

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

THE THING RICH PEOPLE DO

Many people will tell you that if they could just raise a little bit
amount of money, then they will be able to grow that forever – but if
it was so easy then why do we have people who are homeless, filing
for bankruptcy, and incurring massive amounts of debt?
The truth is, while money can help solve many problems, it takes
some knowledge and know-how to make your money work for you.
In investment terms, I really believe there are two types of
people: those that know how to invest and those that have no idea.
Pretty simple, right?
Well if you fall in the latter category, then you may want to check
out That Thing Rich People Do, which, after reading,
I highly recommend to anybody who is clueless on investing
their money.

The book is essentially broken into
3 parts and does a
great job of covering the basic
foundation of investing and acting
as the textbook to growing your
money.

The first part of the book
focuses on teaching the reader

all the different types of investment
vehicles (stocks, bonds, mutual funds, saving accounts, etc.) and the intricacies involved with each.
The second part of the book teaches readers how to build an
effective strategy by utilizing simple principles and loopholes
used by “rich people.”
Finally, the book wraps up by covering good habits of investing and
shows you important potholes to avoid.
In short, if know of anybody that is in dire need of learning about
finances (maybe even you), then do them a favor and direct them
to That Thing Rich People Do, the easiest way to learn how to
build wealth.






Go through this interpretation (of a
ZEN philosophy) which has something to do with
our business?

YOU ARE ALREADY PERFECT

'Be content with what you have; rejoice in the way things are.When you realize there is nothing lacking, the whole world belongs to you'

-Lao Tzu

A lot of people come to Zen Habits (and read other personal development blogs and books) because they want to improve something about themselves. They’re not satisfied with their lives, they’re unhappy with their bodies, they want to be better people.I know, because I was one of those people.
This desire to improve myself and my life was one of the things that led to Zen Habits. I’ve been there, and I can say that it leads to a lot of striving, and a lot of dissatisfaction with who you are and what your life is.

A powerful realization that has helped me is simply this: You’re already good enough, you already have more than enough, and you’re already perfect.


Try saying that to yourself, as corny as that might sound, just to see if it sounds true. Does it resonate as something you already believe (in which case, you can probably stop reading now), or does it not feel right? Do you feel like there are things you still need to improve?
The thing I’ve learned, and it’s not some new truth but an old one that took me much too long to learn, is that if you learn to be content with who you are and where you are in life, it changes everything.
Consider what changes
You no longer feel dissatisfied with yourself or your life.
You no longer spend so much time and energy wanting to change and trying to change.
You no longer compare yourself to other people, and wish you were better.
You can be happy, all the time, no matter what happens in the world around you.
Instead of trying to improve yourself, you can spend your time helping others.
You stop spending so much money on things that will supposedly improve your life.
You can be smug about it, like me.
OK, the last bit was a joke, but the rest is true, in my experience.
And here’s another realization that I’ve written about before: You already have everything you need to be happy, right here and right now.
Do you have eyes that see? You have the ability to appreciate the beauty of the sky, of greenery, of people’s faces, of water. Do you have ears that hear? You have the ability to appreciate music, the sound of rainfall, the laughter of friends. You have the ability to feel rough denim, cool breezes, grass on bare feet … to smell fresh-cut grass, flowers, coffee … to taste a plum, a chili pepper, chocolate.
This is a miracle, and we take it for granted. Instead, we strive for more, when we already have everything. We want nicer clothes, cooler gadgets, bigger muscles, bigger boobies, flatter stomachs, bigger houses, cars with leather seats that talk to you and massage your butt. We’ve kinda gone insane that way.
The sane thing is to realize we don’t need any of that. We don’t need to improve our lives. We don’t need to improve ourselves, because we’re already perfect.
Once you accept this, it frees you.
You’re now free to do things, not because you want to be better, but because you love it. Because you’re passionate about it, and it gives you joy. Because it’s a miracle that you even can do it.
You’re already perfect. Being content with yourself means realizing that striving for perfection is based on someone else’s idea of what “perfect” is … and that that’s all bullshit. Perfect is who you are, not who someone else says you should be.
Also, as corny as it may sound, I love you, completely and unconditionally, and if everyone else in your world betrays and abandons you, you always have me. :)

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MESSAGE TODAY

It is not a bad thing for a man to have to live his life--and we nearly all manage to dodge it. Our first round with the Sphinx may strike something out of us--a book or a picture or a symphony; and we're amazed at our feat, and go on letting that first work breed others, as some animal forms reproduce each other without renewed fertilization. So there we are, committed to our first guess at the riddle; and our works look as like as successive impressions of the same plate, each with the lines a little fainter; whereas they ought to be--if we touch earth between times--as different from each other as those other creatures--jellyfish, aren't they, of a kind?--where successive generations produce new forms, and it takes a zoologist to see the hidden likeness.
EDITH WHARTON, "The Legend," Taled of Men and Ghosts

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