FROM AN EXPERIENCE
The hardest thing to master as a trader once you
understand Market Rhythm is not the market,
it is YOU. Emotional trading will break you fast.
understand Market Rhythm is not the market,
it is YOU. Emotional trading will break you fast.
Trading is not hard, it is mastering your emotions
that is. Trading will teach you more about your
human short coming than visiting a psychiatrist.
As a trader, you must learn the discipline of waiting
for proper market set-ups. That is hard!
that is. Trading will teach you more about your
human short coming than visiting a psychiatrist.
As a trader, you must learn the discipline of waiting
for proper market set-ups. That is hard!
Your EMOTIONS are screaming for you to jump in
or you will miss out. NOT TRUE!! If you miss one
trade set-up, the market is generous and will give
you another. Learn to trade in harmony with your
trend and with proper signals.
or you will miss out. NOT TRUE!! If you miss one
trade set-up, the market is generous and will give
you another. Learn to trade in harmony with your
trend and with proper signals.
The emotions that are deadly to your trading success.
REVENGE, we all know it and have done it.
It happens when you are tricked by the market and
decide to take another trade before looking at the
big picture, then BAM you are on the wrong side of
the trade again. Pissed off and refusing to move
while your money is going further down the drain.
Scared to let go for fear that you are going to get
tricked again.
It happens when you are tricked by the market and
decide to take another trade before looking at the
big picture, then BAM you are on the wrong side of
the trade again. Pissed off and refusing to move
while your money is going further down the drain.
Scared to let go for fear that you are going to get
tricked again.
PANIC, that is when you lack the confidence to
enter or ride a profitable trade. This happens when
you have taken some hits and now you lack the
confidence to trade profitably.
enter or ride a profitable trade. This happens when
you have taken some hits and now you lack the
confidence to trade profitably.
IMPATIENCE, this happens when you can’t wait
for a proper trade set-up and jump on a price hiccup/retracement, often finding yourself on the
wrong side of the trade.
for a proper trade set-up and jump on a price hiccup/retracement, often finding yourself on the
wrong side of the trade.
ANGER, you know that feeling that comes over you
when you have taken a hit or two and you want to
kill your computer.
when you have taken a hit or two and you want to
kill your computer.
SELF PITY, when you come to the market hoping
for crumbs and get none, and can’t see why THEY
won’t let you have just a little bit.
for crumbs and get none, and can’t see why THEY
won’t let you have just a little bit.
DEPRESSION, something perhaps outside of the
market has you at an extreme low point.
market has you at an extreme low point.
INDIFFERENCE, it happens when you have gotten
hit so many times that you just don’t care any more
because no matter what you can win any way.
hit so many times that you just don’t care any more
because no matter what you can win any way.
All of these emotions work hard against you
clouding your clarity and give other traders the
advantage over you.
clouding your clarity and give other traders the
advantage over you.
If you are experiencing any of these emotions when
you enter your platform; abandon your trading until
you have yourself under control and have the clarity
of mind to trade. Not doing so greatly increases
your chances of handing your money over to a
trader who is more emotionally fit and controlled
than you are.
you enter your platform; abandon your trading until
you have yourself under control and have the clarity
of mind to trade. Not doing so greatly increases
your chances of handing your money over to a
trader who is more emotionally fit and controlled
than you are.
We are all human and it happens to us all, but what
weighs heavy in your mind will often weigh heavily
in your pocket.
weighs heavy in your mind will often weigh heavily
in your pocket.
Come to your trading platform, well rested, focused
and ready to trade. You may take an occasional hit
so what it is a LESSON. We all get them and if we
learn the lesson that the loss has taught us; it will
make us much better traders.
and ready to trade. You may take an occasional hit
so what it is a LESSON. We all get them and if we
learn the lesson that the loss has taught us; it will
make us much better traders.
DO NOT TRADE YOUR EMOTIONS
(to be contd)
WILL THIS FORMULA WORK OUT?
BARACK OBAMA's VISIT + DEEWALI +
COAL INDIA LISTING = GREEN MARKET
IN INDIA?
WILL THIS FORMULA WORK OUT?
BARACK OBAMA's VISIT + DEEWALI +
COAL INDIA LISTING = GREEN MARKET
IN INDIA?
PLS. PLS.
DONT RELY ON
THESE TYPE OF
BLA BLAs
THAT BLUE CHANNELS AND WEBSITES
VOMIT EVERYDAY.
THAT IS FOR THEIR
TRP's...
PURSUE THE CHARTS AND OBEY THEM
FOR YOUR SUCCESS TRADING
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – NOV 4
Day support @ 6130
& actually above this no problem for BULLS
If breaches 6130 Nifty Futures comes down to
6114-03 and thereafter upto 6096.
If a turn is not made around 6096,
Non-stop fall upto 6072-48 is seen.
On the other hand,
Decisively after crossing 6172
it would kiss 6197 and there after a rally upto
6221-38 is possible if good volume is generated today
BANK NIFTY
Buy btwn 13004-30
T1 – 13071-92
T2 – 13104-12-38
Sell btwn 12920-894
T1 – 12853-32
T2 – 12819-12-786
AN ASTRAL VIEW OF MARKET TODAY
- Consider 10 minutes plus and minus in each prediction and act accordingly.
- The Astrologer advises you to compare the next prediction with the prediction of the previous time slot.
- Be cautious on 1st November, 2010; after that, the entire month of November is likely to yield benefits.
- During the pre-opening period, Nifty may hover around the surface, gradually moving northward till 12:10
- From 12:10 to 14:00, Nifty may go up step-by-step.
- From 14:00 to 15:30, do not rely upon the market; it may make you gamble on the soft side
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
PERSONAL STRENGTH & WEAKNESS
Vs
We all have different personal strengths and weakness. Many people focus on transforming a weakness into a strength. While that is admirable, the reality is that it’s not always possible. Although I agree with the basic idea of brain plasticity, and I whole-heartedly agree with the idea of always striving for self-improvement, I also know that as humans we have a certain degree of natural-born temperament and not everything about us can be changed.
Although we can’t always build or change every weakness into strength, the good news is that we can always leverage our strengths, if we know how. And that is mighty powerful. It’s so powerful that if you leverage the right strengths in the right way they can do an excellent job of not just counter-balancing your weaknesses, but can propel you so far ahead that those weaknesses pale in comparison.
One of the most powerful things you can do for yourself is identifying your natural strengths and then work to see how you can build on them.
We all have different personal strengths, and knowing how to leverage them is an important part of successful trading. A major consideration here is that you try to identify and leverage your own personal strengths, and not simply copy someone else’s. All too often I see struggling traders running from one style to another style whenever they see someone else’s success. One of the primary reasons why copying someone else’s trading style doesn’t always pay off in trading is because of different personal strengths.
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