FROM AN EXPERIENCE
Here’s an idea: you already have the life you’ve always wanted. In fact, you’ve always had it. Confusing, I know. Most people don’t distinguish between the life that they actually want and the one they think they want.
See what I mean? Plenty of people think they want to be fit and healthy, but what they actually want is to eat fast food and watch TV, so that’s what they do. Many think they want to be more open-minded, but what they actually want is to be right all the time, so they tune out opposing viewpoints.
Simply put, whatever it is you actually want out of life is what you’re actually getting from it. Everyone has dreams, but not everyone pursues them. Without a direct connection between something you want and something you can do to get it, a dream will always remain just that - a dream.
So how do we bridge that gap? How can we turn what we think we want into what we actually get? Here are some strategies I use. Maybe a few of them will work for you:
* Focus on one thing. When I get the idea to make a big change, I usually want to do 100 things all at the same time. This never works. Focus on one thing that will improve your life and don’t move on until you’ve mastered it.
* Find a daily action. Big changes don’t always happen overnight, but what you do every day between sunrise and sunset is the most important part of ensuring it actually does happen. What’s one little thing you can do right now without waiting for anything else to get started? Ask yourself that every’ single’ day.
* Reflect on your changes. Is this big transformation you’re after actually making you happier? Best to take a second every now and again to make sure you’re not perpetually suffering from ‘the grass is greener on the other side‘ syndrome. Make sure you’re headed the right direction.
* Change your environment. Sometimes I don’t realize just how much my surroundings affect my behavior. A routine environment perpetuates routine behavior. If you want change to come a little easier, change the scenery for a while and build a new set of behaviors to associate with it.
* Rebalance relationships. Just like your environment, the people you’re around influence how you act. Truth is, your friends don’t want you to change even if they say they do because that makes them uncomfortable. The first time I decided to be a writer, I hung around with all the same people that didn’t understand me. The second time I decided to be a writer, I started hanging around other successful writers. Which one worked?
* Eliminate barriers. Sometimes they’re mental, and sometimes they’re physical. Either way, you have to get creative to find ways around them. If you don’t have the time to do something, how can you fit it into little sessions that will add up over time? If you don’t have the money to do something, what else do you have that you can trade for what you want?
* Ask for help. We all get stuck. I do regularly. I used to have too much pride to ask for help ‚’I'd rather figure it out on my own. Now I realize that’s foolish and asking for help is a hell of a lot faster and easier. There’s no shame in being more efficient.
* Find a role model. One of the fastest ways to success is to model it. Who’s already done what you’re trying to do? What things did they do that got them there faster? What slowed them down? Model what worked, avoid what didn’t.
Relax already! Active relaxation ‚’doing things that engage you but aren’t your main focus ‚’ can bring a lot of clarity when you’re obsessing over something. I can brainstorm all day, but it doesn’t mean I’ll come up with a good idea. Those usually creep in when I finally take a break and do something else.
(to be contd)
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – NOV 22
FINAL SUPPORT @ 5729
Without breaking the low of Friday (5860),
if Nifty Futures trades above 5880 for 15 minutes,
a hike upto 5953-74 is possible in today’s session.
Otherwise breaching 5855 watch another
round of Panic till 5823
If 5823 even breaks decisively,
bears would take full control
and pulls NF down to 5805-5782.
Suppose if an (abnormal) gap open occurs…?
“Further levels will be updated while
market hours merely to the subscribers.”
Have a nice trade.
BANK NIFTY
Buy btwn 12150-78
T1 – 12223-45
T2 – 12259-68-96
Sell btwn 12059-031
T1 – 11986-64
T2 – 11950-41-14
SHARE TIPS TODAY (NOV 22)
1) Sell ABGSHIP @ 402
T1 – 398.10
T2 – 394.30
T3 – 390.25
2) Sell NEHAINT @ 212.25
T1 – 210.30
T2 – 208.30
3) Sell AXISBANK @ 1383
T1 – 1373
T2 – 1365
4) Sell CORPBANK @ 707
T1 – 701.50
T2 – 692.50
5) Sell BHEL @ 2250
T1 – 2235
T2 – 2220
6) Sell ZYLOG @ 479.85
T1 – 475.75
T2 – 471.65
7) Sell RELINFRA @ 998.7
T1 – 989.70
T2 – 980.70
8) Sell RELCAP @ 687
T1 – 681
T2 – 676
9) Sell PUNJLLOYD @ 114.25
T1 – 113.25
T2 – 112.25
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
Free Daily and Weekly (Nov22-26)Stock Market Prediction
Planetary position during November 2010
Sun will transit from Scorpio sign.
Mercury will transit from Scorpio sign.
Venus will transit from Libra sign.
Moon will transit from Taurus, Gemini and Cancer.
Mars will transit from Scorpio sign.
Rahu will transit from Sagittarius.
Jupiter will transit from Aquarius.
Saturn will transit in Virgo.
Ketu will transit in Gemini.
Stock Market Prediction for 22nd November 2010
Transiting Moon will be passing through Taurus Zodiac sign. Transiting Moon will be in applying aspect with Transiting Ketu, which indicates Indian Stock Market trend would be unpredictable. Market may do business in red signal during first trading session. Market may try to go up between 11.44 and 12.06. Market would gradually go down. Market trend would change after 13.50. Market may go down during last trading 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
MARC FABER: China & U.S are in a collision course
A TRADING MIND SET
Losses:
Everybody sets out to make big money, but sometimes it does not work out. Sometimes a small loss, becomes a bigger loss and until it possible becomes an unmanageable extremely painful loss.
Investing will not be a straight line up, there will be painful moments and it very easy to make a mistake that will end up in big pain.If this loss is a dumb loss that happened because of an error the best thing is just to get out of it, and do it as quickly as possible.
Getting over the setback:
If the loss is big and that you are not likely to recover from it in any near time, the best thing is just to try to put it behind you. Start from scratch and get on with your life.
It will be difficult enough to try to deal with this emotionally, but agonizing about it over a long period of time will not get you back where you were. It will be wise to try to forgive yourself about this as soon as possible and come to terms with yourself. Focus on the future than rather than mistakes made in the past.Look at it as an expensively learned lesson and try very hard to never repeat the same mistake
ASSET BUBBLE ALARM IN INDIA
OECD, a grouping of mostly developed nations, today warned that emerging economies are facing a danger of overheating and called for much tighter monetary policies in countries like India and China to stave off asset price bubbles.”Overheating in emerging-market economies poses a serious risk,” the Organisation for Economic Cooperation and Development (OECD) said. ”A boom-bust scenario cannot be ruled out, requiring a much stronger tightening of monetary policy in some non-OECD countries, including China and India, to counter inflationary pressures and reduce risk of asset-price bubbles,” Paris-based OECD said in its latest economic outlook report.
Overheating generally refers to a situation where demand excessively outstrips supply, resulting in exorbitant rise in prices. The suggestion by the grouping, whose member countries account for over 60 per cent of world economy, about tighter monetary stance came even as there are indications that RBI would pause its hawkish policy amid fall in inflation and industrial growth.
Crisil’s chief economist D K Joshi said the threat of overheating of the economy because of excess demand in comparison with supply is not as much there, but prices are rising in some areas, particularly in stock market due to high inflow of foreign funds.
He noted that prices of residential property have also risen, but RBI has been proactive.
“The problem of overheating may be there if RBI has been following loose monetary policy,” Joshi said.
RBI has raised its short term lending (repo) and borrowing (reverse repo) rates for the sixth time by 150 and 200 basis points respectively this year till November.
With inflation coming down to 8.58 per cent in October and industrial growth falling to 16-month low of 4.4 per cent in September, RBI is expected to press a pause button in its monetary stance.
Indications of halt in tight monetary stance were given by the central bank itself in its November monetary review.
Joshi said inflow of foreign funds is leading to rise in stock prices, but the situation has not come to a stage where such overseas money needs to be curbed.
Meanwhile, calling for increased investment, RBI Governor D Subbarao has said the central bank would prefer more FDI inflows than FII money.
So far this year, FII have pumped in over USD 28 billion into the Indian stock markets.
According to the OECD, India has continued with its monetary policy normalisation efforts in recent months.
“With domestic demand continuing to grow strongly, and only limited spare capacity, additional policy tightening remains warranted,” the grouping noted.
ESSENTIALS OF A WINNING ATTITUDE
Four fears that block a winning psychology:
1. Fear of Loss
2. Fear of being wrong
3. Fear of missing out
4. Fear of leaving money on the table.
Realize that trading is based on probabilities, as such, every trade is unique. In other words, the past does not equal the future.
Probability thinking manifest other states and beliefs:
* Because we know that we will succeed in the long run and because we know we will protect ourselves no matter what the market does, we acquire the state of “self trust” and the state of being “carefree”.
In turn these states allow us to remain….
* Focused, confident and carefree when we are experiencing the inevitable prolonged drawdown.
* Because at the micro level we know that the market is random, we will not allow euphoria to set in and lead us to reckless trades. Each trade will only be one in a series of probabilities.
* We will view market information not as a source of pleasure or pain but merely as data providing us with opportunities.
Personal Attributes Essential to a Winning Mentality
* Awareness – the ability to step outside ourselves and observe. The more effectively we can do this, the easier our progress to “Acceptance”.
* Honesty - the ability to seek to perceive reality in spite of our filters.
* Courage - the willingness to bear the pain brought about by our awareness and honesty.
* Commitment - the willingness to do whatever is necessary to achieve our goals
To succeed, a trader must have a vision about where he is heading, and must internalise that a winning attitude is total submission to the trading outcome.
This means managing Fear and Euphoria. To do this, we need to ACCEPT, with every fibre of our body, the belief that at the micro level the market is uncertain and unpredictable and at the macro level it is relatively certain and predictable.
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