FROM AN EXPERIENCE
1. Trading is simple, but it is not easy.
2. When you get into a trade watch for the signs that you
might be wrong.
RBI FURTHER RELAXES LIQUIDITY EASING MEASURES
In order to provide further liquidity comfort,
the Reserve Bank of India has decided to:
2. When you get into a trade watch for the signs that you
might be wrong.
3. Trading should be boring.
4. Amateur traders turn into professional traders once
they stop looking for the “next great indicator.”
5. You are trading other traders, not stocks or futures contracts.
6. Be very aware of your own emotions.
7. Watch yourself for too much excitement.
8. Don’t overtrade.
9. If you come into trading with the idea of making big money
you are doomed.
10. Don’t focus on the money.
11. Do not impose your will on the market.
12. The best way to minimize risk is to not trade when it is not
time to trade.
13. There is no need to trade five days a week.
14. Refuse to damage your capital.
15. Stay relaxed.
16. Never let a day trade turn into an overnight trade.
17. Keep winners as long as they are moving your way.
18. Don’t overweight your trades.
19. There is no logical reason to hesitate in taking a stop.
20. Professional traders take losses because they trust themselves
to do what is right.
21. Once you take a loss, forget about it and move on.
22. Find out what loss parameters work best for your setup
and adjust them accordingly.
23. Get a feel for market direction by “drilling down”
(looking at multiple time frames).
24. Develop confidence by knowing and executing your
trade setups the same way every time.
25. Don’t be ridiculous and stupid by adding to losers.
26. Try to enter a full size position right away.
27. Ring the register and scale out of your position.
28. Adrenaline is a sign that your ego and your emotions have
reached a point where they are clouding your judgment.
29. You want to own the stock before it breaks out and sell
when amateurs are getting in after the move.
30. Embracing your opinion leads to financial ruin.
31. Discipline is not learned until you wipe out a trading account.
32. Siphon off your trading profits each month and stick them
in a money market account.
33. Professional traders risk a small amount of money on their
equity on one trade.
34. Professional traders focus on limiting risk and protecting capital.
35. In the financial markets heroes get crushed.
36. Stick to your trading rules and you will never blow up your
trading account.
37. The market can reinforce bad habits.
38. Take personal responsibility for each trade.
39. Amateur traders think about how much money they can
make on each trade. Professional traders think about how
much money they can lose.
40. At some point all traders realize that no one can tell them
exactly what is going to happen next in the market.
(to be contd)RBI FURTHER RELAXES LIQUIDITY EASING MEASURES
In order to provide further liquidity comfort,
the Reserve Bank of India has decided to:
- Conduct Second Liquidity
Adjustment Facility (SLAF)
on a daily basis at 4.15 p.m.
up to January 28, 2011. - Allow Scheduled
Commercial Banks to avail
of additional liquidity
support under the - LiquidityAdjustment Facility
to the extent of up to 2.0 per cent of their net demand and
time liabilities (NDTL) as on the reporting Friday of the
second preceding fortnight. For any shortfall in Statutory
Liquidity Ratio (SLR) maintenance up to January 28, 2011
arising out of availment of this facility, banks may seek
waiver of penal interest on a fortnightly basis purely as an
ad hoc, temporary measure. The liquidity support availed
under this facility would, however, need to be reported on a
daily basis.
It may be recalled that in the Second Quarter Review (SQR) of
Monetary Policy, 2010-11 announced on November 2, 2010,
the Reserve Bank had stated that “even though a liquidity
deficit is consistent with anti-inflation stance, excessive deficit
in liquidity can be disruptive both, to financial markets and
to credit growth in the banking system. To ensure that
economic activity is not disrupted by liquidity constraints,
the liquidity deficit needs to be contained within a reasonable
limit.”
In line with the stance of monetary policy set out in the SQR,
the Reserve Bank took a number of steps including open
market operations (OMO) and re-introduced temporary
measures on November 9, 2010; the SLAF on a daily basis
at 4.15 p.m. and additional liquidity support to SCBs under the
LAF to the extent of up to 1.0 per cent of their NDTL as on the
reporting Friday of the second preceding fortnight up to
December 16, 2010. These measures were intended to provide
liquidity comfort arising out of frictional liquidity pressures
reflected in the LAF window of the Reserve Bank.
The liquidity pressure has, however, continued.
The liquidity injected by the Reserve Bank through
its LAF window since November 8, 2010 has averaged over
1,00,000 crore.
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – NOV 30
If trades above 5841 for 10-15 minutes
see the value upto 5865
If crosses 5866 with volumes see fresh buying
happening all around which leads Nifty futures
to kiss 5893-5902
On the other hand,
If cuts 5809 with volumes and trades below the level
for 30 minutes watch a slide upto 5776-67
BANK NIFTY
Buy btwn 11913-42
T1 – 11988-12012
T2 – 12027-36
T3 – 12065
Sell btwn 11817-788
T1 – 11742-18
T2 – 11704-695
T3 – 11665
SHARE TIPS TODAY (NOV 30)
1) Sell ESCORTS @ 193.60
T1 – 192.30
T2 – 191.25
2) Sell JINDWORLD @ 225.90
T1 – 223.80
T2 – 222.30
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
Stock Market Prediction for 29th November 2010
Transiting Moon will be passing through Virgo Zodiac sign. Transiting Moon will be in semi sextile aspect with Transiting Venus, which indicates It would be testing time for Indian stock market. Selling pressure would be seen. Market may not sustain green signal for long. Market may go up between 9.35 and 10.02. Market may gradually go down. Market would go down during last treading session.
Transiting Moon will be passing through Virgo Zodiac sign. Transiting Moon will be in semi sextile aspect with Transiting Venus, which indicates It would be testing time for Indian stock market. Selling pressure would be seen. Market may not sustain green signal for long. Market may go up between 9.35 and 10.02. Market may gradually go down. Market would go down during last treading 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
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
A BOOK WORTH READING
Michael Jardine’s latest book focuses on simple ways to profit from predictable moves in today’s financial markets…
In today’s financial climate, many traders are finding the markets difficult to navigate. With the volatile swings seen over the past weeks and months, it is increasingly difficult to predict where the market is headed and even harder to make a profit day after day. Emotion and inexperience trading in today’s market conditions can lead some to overtrade, trying to gain back the losses suffered throughout this current economic downturn.
In the latest trading title from niche finance publisher Marketplace Books, Just a Trade a Day: Simple Ways to Profit from Predictable Market Moves, traders are introduced to Michael Jardine’s newly developed methods of making market predictions–and profiting—making just a single trade each day.
The author of New Frontiers in Fibonacci Trading, Jardine has used his extensive background in Fibonacci theory to build an easy-to-use trading system. In clear-cut terms, he teaches traders how apply the Market Profile™ and Points of Control to determine how today’s market environment will best produce with their own particular trading style. By giving readers real-life examples from his very own life experiences building this system, Jardine proves the success of this system.
Michael Jardine has been trading, teaching about trading, and blogging about trading on his web site, Enthios.com, for over twelve years. His first trading book, New Frontiers in Fibonacci Trading, was published in 2003. Now, seven years later, Jardine has come back with a combination of his own Jardine Range and what he has dubbed the “Universal Chart,” to find that one trade a day is what all traders are looking for. Jardine has held many positions at a number of marketing-oriented companies including, Chanel, Walt Disney, and Patagonia. He has also created a highly informative video presentation to optimize your trading profits and gain more trading confidence.
DO YOU TRADE THE MARKET OR YOUR EMOTIONS
As traders try to improve performance, the one piece of knowledge that is often overlooked, is self-knowledge. Most traders would benefit by simply focusing on doing more of what works and less of what doesn’t, which sounds obvious, but the reality is that most do just the opposite. Learning to identify which behaviors work and which don’t is not as fun or interesting as learning a new trading strategy or set-up.; and awareness of one’s internal state is just as critical, but that is typically not dealt with. As a result, most traders focus outward and ignore their inner process. And the way this often plays out for a trader is they trade their emotions and not the market.MESSAGE TODAY
-KATHY GALLOWAY, introduction, Dreaming of Eden
RELAX CORNER
JUST SMS TO YOUR PAL
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God created you too, but yes, even God makes mistakes!
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LOOKING FORWARD TO YOUR VALUABLE
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