FROM AN EXPERIENCE
Play to win, not for a score. Traders who desire only to
make money versus simply trying to trade well and their
best ability will struggle. This is a money-focused game,
but trading well requires you to focus on goals beyond the
money to achieve the performance you really desire.
Take your eyes off the prize. Hunter explains that the “score
would happen if we focused on the process.” Too many traders
are only focused on the daily profit and loss statement
instead of focusing on improving the methods that produce
those profits and losses. Consistent, steady improvement
can only be gained after a trader commits to a full
understanding of the process of trading well.
Recognize a real gamble. When you are trading well, take
the possibility of a major loss out of the equation whenever
you can. It is true, when we are the most vulnerable is when
everything is going right and it seems like we can do no
wrong. Moreover, there are times to make the big aggressive
trade, and times when doing so is foolhardy. Recognizing
the difference is so very important.
There are a couple of professors in Ohio, who studied
any stock that Warren Buffett bought, if you bought on the
last day of the month, when it was public that he owned that
stock, and you sold it after it was public that he had started
selling it, you would have generated north of 20% annual rate
of return.
I would say that we will never see another Warren Buffett.
Just like we will never see any Albert Einstein or another
Mahatma Gandhi. Buffett is a very unique individual.
His skillsets outside of investment are phenomenal but they
get dwarfed by his investing skills. The main thing that
makes Warren Buffett Warren Buffett is that he is a
learning machine who has worked really hard for, let’s us say
seventy years, and is continuously learning every day.
So the thing is if you want to be like Buffett, there is no short cut.
First of all, you have to be deeply interested in investing and you
have to be very willing spending tens of hours, hundreds
of hours, reading the minutiae. There is a very famous value
investor called Seth Klarman. He is into horse racing. And his
famous horse is called Read the Footnotes.”
(to be contd)
(to be contd)
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – NOV 10
Day Support exists @ 6310
Above 6317 no problem zone for Bulls
If trades above this level and cuts 6353
Non-stop rally upto 6372-6395 seen on charts
Heavy Buying started all over
NEW HIGHS VERY MUCH POSSIBLE
WITHIN FEW DAYS
BANK NIFTY
Buy btwn 13237-63
T1 – 13303-23
T2 – 13336-44-69
Sell btwn 13155-29
T1 – 13089-69
T2 – 13056-48-23
SHARE TIPS TODAY-NOV 10
Sell Uniphos @ 206.30
T1 – 204.30 - 203.75
Sell CorpBank @ 783
T1 – 776-774
NOTE
1.THE ABOVE GIVEN TIPS ARE APPLICABLE ONLY FOR DAY TRADERS.
2.NEVER EVER ENTER INTO A TRADE
BEFORE THE ABOVE MENTIONED LEVELS
or
AFTER THE TARGETS WERE ATTAINED.
AN ASTRAL VIEW OF MARKET TODAY
- Overall, Nifty will remain in a particular range and do time-pass around the psychological figure. New position may not yield benefits.
- Puarwashado constellation Sagittarius moon today in the first phase Moon cross Rahu so may hover around the surface or on the upper side.
- There may be a small correction at 10:24, 11:15, 11:50 and there may be a high jump at 11:30; Be cautious says the astrologer.
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
WHAT'S WORTH READING?
“The mathematical expectation of the speculator is zero.”
-Louis Bachelier
-Louis Bachelier
was a French mathematician who was, well after the fact, credited with
founding the Efficient Market Thesis. In 1900 Bachelier published his Ph.D
thesis titled “The Theory of Speculation.” In his paper, Bachelier
discussed the use of Brownian motion to evaluate stock prices.
Unfortunately, his thesis was “not appropriately received”,
which resulted in academic black-balling and the concept
being buried for more than sixty years.
Unfortunately, his thesis was “not appropriately received”,
which resulted in academic black-balling and the concept
being buried for more than sixty years.
Almost sixty-five years later Professor Eugene Fama
from theUniversity of Chicago was officially credited
with developing the Efficient Market
from theUniversity of Chicago was officially credited
with developing the Efficient Market
Thesis after publishing his Ph.D thesis. His paper was titled
“The Behavior of Stock Market Prices.” The core tenet of his paper
and the Efficient Market Thesis is that an investor
“cannot consistently achieve returns in excess
of average of market returns on a
and the Efficient Market Thesis is that an investor
“cannot consistently achieve returns in excess
of average of market returns on a
risk-adjustedbasis, given the information that is
publicly available at the time the
publicly available at the time the
investment is made.”
Is it not somewhat ironic that the determination
of who founded the
of who founded the
Efficient Market Thesis was not efficient?”
WHENEVER YOU HAVE TIME READ
THIS AGAIN & AGAIN
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MESSAGE TODAY
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