Friday, November 12, 2010

HAVE A GREAT WEEKEND FOLKS


friday

FROM AN EXPERIENCE

Everyone in this business will tell you how to be and what to do,
but the bottom line is that you’ve got to always be yourself –
flaws, emotions, stupidity, and all.

There’s a saying that the stock market is an expensive
place to figure how who you really are but I completely disagree.
Through the many years I’ve been trading, I’ve learned much
more about myself and the way I am both good and bad than
I think I would have any other way. And, for that I’m so very
grateful.

It is with little doubt that my experience in the markets have in turn
made me into a much better human being. For example,
one who thinks before acting, one that appreciates the importance
of looking at situations from different points of view, one that knows
that you can do everything right but still be wrong, one that
understands the influence that emotion has on decision-making,
one that remembers that no matter what mistakes you and I make
today – tomorrow we will have another opportunity to do better.
I’ve learned a great deal more, but I think you get the point.

My goal with those who I personally mentor is to help them become
who they really are and, by extension, to take full advantage of their
own personality and skills whatever they may be and at whatever
level they currently are.

The primary problem, however, is that
many of us really believe the key to success is to be more like
others whether it be Warren Buffett, David Einhorn,
George Soros, Doug Kass, Jim Chanos, Whitney Tilson,
Jim Cramer, or whoever you admire and respect.
As you know, one of the fastest growing businesses on the
Internet right now is to enable you in new and exciting ways
to trade and invest just like others, but in my view, that will only
take you so far in your personal journey. In the markets, sooner
or later, you have to find your own path!

Each of us have our own skills, strengths, weaknesses and
personalities and matching those with a strategy you can use
and develop over time is the closest key to your future success
that I can help you with.

Bottom line – don’t be like me or anyone else for that matter,
but instead just be yourself. Use this time in your life to find ways
to take full advantage of your own God-given talents and skills as
you develop them. While it is ok and, in fact recommended,
that you try to learn as much as you can from others (I know I have),
at the same time you must also understand and appreciate that
to true key to success is to find your own path just like every trader
and investor who you so admire right now has already done.
(to be contd)



TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – NOV 12

Day resistance @ 6263-73 & 6295
If trades above 6223 for 15 minutes
and cuts 6237 a rally upto 6263-72
is for sure.

On the other hand,
If trades below 6237 and cuts 6220
Watch a non-stop slide upto
6202 (there exists a good support)
but if breaks this level too bcoz of any hike in volume
in mid-session, see much more
panic selling upto 6181-6159 in Nifty Future.


BANK NIFTY
Buy btwn 12975-99
T1 – 13038-58
T2 – 13070-77-102

Sell btwn 12895-71
T1 – 12832-12
T2 – 12799-92-68



SHARE TIPS TODAY (NOV 12)

Sell SGHL @ 212
T1 – 209.10
T2 – 207.10

Sell ASIANPAINT @ 2647
T1 – 2635
T2 – 2623

Sell JETAIRWAYS @ 873
T1 – 865
T2 – 859

Sell HINDOILEXP @ 275
T1 – 273
T2 – 271



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.

3.STOPLOSS LEVELS, REVERSE TRADING & MORE
INTRADAY TIPS IN MARKET HOURS EXCLUSIVE
FOR THE SUBSCRIBERS






AN ASTRAL VIEW OF MARKET TODAY
  • While Jupiter is in Pisces, yellow products right from turmeric to gold and topaz, may remain in the news.Apart from this, tin, food products and camphor may remain under spotlight.
    Astrology
  • Besides this, if we talk about international countries then it's Spain, Egypt, Portugal.National Kundali: Haryana, Uttar Pradesh and Punjab may hit the headlines and remain in the news.
  • During the days when the Moon is in transit wit Pisces, edible oil and vanaspati ghee may remain in the news.
  • Moon in Capricorn in the 4th charan in Uttaroshada constellation the Lord is Sun. Now, Moon is going to meet the master teacher is present in Aquarius


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






IRELAND RESCUE IMMINENT AS
BUND SPREADS PASS 720 Bps

news
At last check Irish-Bund spreads were north of 725 bps, meaning
Ireland is now effectively insolvent, and joins Greece in the group
of bankrupt European countries. If this blow out is not stopped
immediately, the contagion will again spread to the periphery first
and then to the core shortly thereafter. The only question is when,
just like in the case of oh so coy Greece, will Lenihan admit defeat
and ask the IMF and the ECB for help (oh, and do it so during a
Citigroup-mediated conference call). However, as Market News
reports, citing Handesblatt, the Irish rescue may be imminent,
and may come as soon as today.

From Market News:
Eurozone governments are preparing for a possible Greece-style
rescue for Ireland although the country has not yet asked for
financial assistance, German daily Handelsblatt reported Thursday,
citing German government sources.

“The rise in Irish yields are a cause for concern” which is why
Eurozone states are now examining whether Ireland needs liquidity
support from the European stability facility, the paper said.

While Ireland had not asked for help as yet, euro area
governments are preparing for the emergency contingency.
“We are ready to help Ireland on very short notice,”
one of the sources told Handelsblatt.

Irish central bank Governor Patrick Honohan warned Wednesday
that Ireland’s current sovereign borrowing costs are unsustainable.
“I’ll readily say that the current rate is well above the rate at which
one would go back in [to the markets]. It is “unsustainable and you
couldn’t imagine them going forward,” Honohan said.

The Irish government thus far has assured that it will be able to
emerge from the current crisis without drawing on help from its euro
area partners.

Earlier Thursday, Irish 10-year bond spreads widened to a
fresh all-time EMU high at +640 bps above the benchmark
German Bund.

How about at 720 bps 4 hours later? If the rate of collapse persists,
Irish debt will be trading at levels that make Burkina Faso giggle.






ARE U ADDICTED TO TRADING?


adictionThe tell-tale sign of trading addiction
is a trader who cannot refrain from
trading–even when markets are
objectively offering no opportunity.
Even when losses are mounting.










THE TRAITS OF A SUCCESSFUL TRADER

Successfull sun CatchThe most important is discipline – I am sure everyone says that. Second, you have to have patience; if you have a good trade on, you have to be able to stay with it. Third, you need courage to go into the market, and courage comes from adequate capitalization. Fourth, you must have a willingness to lose; that is also related to adequate
capitalization. Fifth, you need a strong desire to win.”
Gary Bielfeldt







DO I FEEL GOOD ABOUT MY
TRADING TODAY?
AFTER TWO HOURS OF TRADING, ASK YOURSELF:
“DO I FEEL GOOD ABOUT MY TRADING TODAY?”
Thinking Cat Once two hours
have passed,
Cook says a day
trader
should have
made at least two,
or perhaps more,
trades,“but enough
to evaluate what
you have done.”
If the trader feels good about
the day’s trading, continue.
If not, stop trading that day.








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MESSAGE TODAY

No matter what a woman looks like, if she's confident, she's sexy.
-PARIS HILTON






RELAX CORNER

Love Story
Love StoryAn elderly couple were having dinner
one evening when the
husband reached across the table,
took his wife’s hand in his and said,
“Martha, soon we will be married 50 years,
and there’s something I have to know.
In all of these 50 years, have you ever been
unfaithful to me?”

Martha replied, “Well Henry, I have to be honest with you.
Yes, I’ve been unfaithful to you three times during
these 50 years,
but always for a good reason.

Henry was obviously hurt by his wife’s confession, but said,
“I never suspected.
Can you tell me what you mean by ‘good reasons?’”

Martha said, “The first time was shortly after we were married,
and we were about to lose our little house because we couldn’t pay
the mortgage.
Do you remember that one evening I went to see the banker
and the next day he notified you that the loan would be extended?”

Henry recalled the visit to the banker and said,
“I can forgive you for that.

You saved our home, but what about the second time?”

Martha asked, “And do you remember when you were so sick,
but we didn’t have the money to pay for the heart surgery you
needed? Well, I went to see your doctor one night and, if you recall,
he did the surgery at no charge.”

“I recall that,” said Henry. “And you did it to save my life,
so of course I can forgive you for that. Now tell me about the
third time.”

“All right,” Martha said. “So do you remember when you ran
for president of your golf club, and you needed 73 more votes?”




JUST SMS TO YOUR PAL


No one loves hard work more than the one who pays for it.
I'm not into working out. My philosophy: No pain. No pain.





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