FROM AN EXPERIENCE
Too many traders believe that their last trade is a reflection of just how good of a trader they are (but they are the only ones who feel that way about themselves).
This boils down to one word – expectation. If you expect to win all the time, or even the vast majority of the time, you’re setting yourself up for a lot of heartache.
That frustration, though, is the very same force that will truly make your negative perception of yourself a reality. And even a good trade can be damaging if you let it warp your disciplined approach. The fact of the matter is that this is a game of odds, and should be played over a long period of time.
Focus on the war – not the battle.
A common trait among newer traders, or among traders that are not
profitable is a need for perfection. With so much noise in the media,
blogs, and forums about calling tops and bottoms, one would think
it’s a trader’s job to predict such things.
Expecting to nail the top or bottom is a recipe for frustration
and inconsistent performance.For the discretionary
trader, perfectionism is the enemy of the good.
Trading is about making money while simultaneously
controlling risk, it has nothing to do with perfectionism.
All traders have some degree of perfectionism, but some have
more than others. The variation in perfectionism is due to
personality differences, and the different career backgrounds
that some people bring to trading.
Traders with strong perfectionist tendencies often equate
taking a loss with failure. For these traders, a losing trade
often marks the beginning of a new cycle of negative internal
dialogue that often leads to trades based on frustration instead
of what the market is doing.
A trader who is less focused on
perfectionism and has more flexible expectations realizes the
inherent uncertainty underlying any market is the reason why
losses are part of the business. This realization helps one to
develop the ability to tolerate emotions that are associated with
pre-defined losses.
Another common problem associated with perfectionism is
that it often leads to rigidity and a very mechanistic view of
the market. The market is akin to a living breathing dynamic
entity.
The market’s moves, especially in the short-term,
are not determined by precision and logic, but by perception
and emotion. Letting go of the need to be right will free you
up to focus on doing the right thing.
(to be contd)
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – NOV 25
`
Bears will have full control below 5894 today.
Last Hope for Bulls - 5820
If breaks watch a non-stop slide upto 5800 - 5777
and thereafter upto 5731 in panic
On the other hand,
Will short covering help fresh Bull Riders today?
It is possible to an extent if Nifty Futures sustains
above 5855 atleast for 30 minutes
(i.e. allow a ‘30 minutes’ full candle above 5855
and go long at the break of the candle’s high.
Otherwise do not think of going long)
Your day trading target will be 5894 and 5912.
If 5912 too crossed decisively, watch more hike upto
5930-55
BANK NIFTY
Buy btwn 11920-50
T1 – 11999-12024
T2 – 12039-49
T3 – 12079
Sell btwn 11820-789
T1 – 11741-16
T2 – 11701-691
T3 – 11661
SHARE TIPS TODAY (NOV 25)
1) Sell DCM @ 130.45
T1 – 128.50
T2 – 127.50
2) Sell IBREALEST @ 162.50
T1 – 160.70
T2 – 159.50
3) Sell COROMANDEL @ 576.10
T1 – 571.90
T2 – 567.50
4) Sell RCOM @ 143.45
T1 – 142.10
T2 – 141
5) Sell LICHSGFIN @ 1069
T1 – 1059
T2 – 1052
6) Sell MANINFRA @ 264.30
T1 – 262.10
T2 – 260.10
T3 – 258.10
IMPORTANT THINGS TO BE NOTED
1.NEVER EVER COVER THE POSTION
TILL TARGET1 IS ACHIEVED
(TAKE YOUR OWN DECISIONS 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
abruptly 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
- Today, the Moon is in the Punarvasu Nakshatra, whose Lord is Jupiter.
- The Moon today has crossed Ketu, it is still in the same Rashi. Don't be relaxed.
- From 9:15 to 11:45, Nifty makes a 'head & shoulder' patter, thrice.
- It means that Nifty will change the pattern every few minutes, and do time pass.
- From 11:45 to 13:13, Nifty may become soft, step-by-step.
- From 13:13 to 14:30, the number of calls may increase.
- From 14:30 to 15:30, the weightage is same as the last time slot,
- But it's highly volatile. It's not a one-sided game.
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
(Please refer to ‘OUR POLICIES’ before you leave the site)
For further details,
Contact Admin (Analyst) @
(0)9788563656
EGO - ELIMINATE IT
There is no place for arrogance on the trading floor. The stock market has the uncanny ability to identify and humble arrogant traders. The best traders respect the market at all times.
Traders are most susceptible to arrogance after an extended winning streak. It’s amazing how weeks of disciplined trading can be wiped out by one bad day. Arrogance is a virus in your trading, as it eats away at the edges of your discipline. Without proper discipline, the market will eat you for lunch.
COMMON EMOTION PITFALLS - HOW TO SOLVE? 
Peak performance in trading is frequently hindered because of the emotions a trader feels, and more importantly how their trading behaviors change based on those emotions. I have found that the following four emotional experiences have the greatest, direct impact on a trader’s ability to achieve higher levels of success.
1) Fear of Missing Out
2) Focusing on the Money and Not the Trade
3) Losing Objectivity in a Trade
4) Taking Risk Because you are Up (or down) Money
Fear of missing out occurs when a trader is more afraid of missing an opportunity than they are of losing money. As a result, traders tend to overtrade in a desperate effort to ensure that they do not miss out on money-making situations. This overtrading can then potentially trigger an undertrading response if the traders experience a “trading injury” such as a big loss along the way. The way to solve this is first to accept the reality that you’re always going to miss out on something, somewhere. The second step is to establish game plans on paper and hold yourself accountable to executing those plans.
Focusing on the money and not the trade limits performance because the trader quantifies their success based on their profit and loss data. As a result, when he or she is up or down a certain amount of money that they view as significant, they alter their trading behaviors regardless of what the actual, real trading opportunity is that is presented to them. The way to solve this is to quantify your success based on HOW you traded not HOW much you made on the trade. Did you have edge? Was it your pitch? Did you make a high-quality trade?
Losing objectivity in a trade occurs because traders develop emotional ties to their previous entry levels. The trader is no longer making trading decisions based on the trade, but rather based on how much they are up or down in the trade. The key to overcoming this is for the trader to continually ask him/herself, “Why am I in this trade?” and “If I was not in this trade right now, would I enter this trade long, short or do nothing?”
Taking bad risk because you are up or down money
People do not like to lose – especially money. Normal solid risk/reward thinking becomes skewed once a trader is up a large sum of money. They begin to experience something called “mental accounting” and they treat money differently based on how they made money or how quickly they earned it. On the flip side, when traders are down money, they tend to be consumed with trading for revenge and trying to make it back, oftentimes as quickly as they lost it. As a result, they may take “shots” or do the “screw it” trade because they feel helpless. To solve this destructive behavior, the trader should use their trading journal to document their emotional highs and lows and what triggered it so they can be in tune with when they are feeling over-confident or angry/frustrated. Once they recognize these emotions, they should immediately call a time out and step away from the computer or reduce the risk they are taking until they can bring themselves back to center court.
U.S - SINO CURRENCY RAP BATTLE
IMBALANCES EXPLAINED WITH CREATIVITY
JUST WATCH IT DUDES
MESSAGE TODAY
Creativity is a type of learning process where the teacher and pupil are located in the same individual.
-ARTHUR KOESTLER
RELAX CORNER
WANT TO ENJOY A WIT? THINK MORE,DEEP,LATERALThose who jump off a bridge in Paris are in Seine.
A man’s home is his castle, in a manor of speaking.
Practice safe eating—always use condiments.
Shotgun wedding—a case of wife or death.
A man needs a mistress just to break the monogamy.
A hangover is the wrath of grapes.
Reading while sunbathing makes you well red.
When two egotists meet, it’s an I for an I.
A bicycle can’t stand on its own because it’s two tired.
What’s the definition of a will? (It’s a dead give away).
She was engaged to a boyfriend with a wooden leg but broke it off.
If you don’t pay your exorcist, you get repossessed.
The man who fell into an upholstery machine is fully recovered.
A lot of money is tainted—taint yours and taint mine.
He had a photographic memory that was never developed.
Once you’ve seen one shopping center, you’ve seen a mall.
Bakers trade bread recipes on a knead-to-know basis.
Santa’s helpers are subordinate clauses.
Acupuncture is a jab well done.
JUST SMS TO YOUR PAL
No one has ever complained of a parachute not opening.
DEAR FRIENDS,
LOOKING FORWARD TO YOUR VALUABLE
FEEDBACK FOR THE PROGRESS OF THE SITE
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