SURPRISING WEEKEND?

FROM AN EXPERIENCE

Most of the guys I talk to have a trading strategy, most of them have tested it. What they don’t have is the confidence to just stick with it. Trading shouldn’t be a roller coaster, but rather it should be routine like filling out TPS reports.
Mental Toughness by Daniel Teitelbaum. In his book he states that you need to break down the walls that are stopping you from reaching success. He has you work on several mental exercises to help you focus on what you need to do. After all, if you knew that you had to take that GOOG trade this morning or your family would die you’d be plenty motivated to take the trade and to do it right.

So what’s the secret? It’s painfully simple – Day Trading (or any type of trading) is like

I think the main reason that most traders can’t stick with it is that they haven’t got enough mental focus. They get tired and sleep in past market open, or they become unsure of themselves so they fail to initalize the first trade of the day when the setup is right in front of them, or they rationalize that some piece of news or the other will do such and such to the market. All of these rationalizations are subconscious disruptions coming to the surface.

If you’ve ever failed to stick with your trading plan and end up taking the one losing trade of the day, I strongly recommend you check out

Make a committment to yourself, to your family and to your trading by taking the next 30 signals without deviating from your trading plan and I guarantee that you will learn the secret to your trading success – you.

Rich people don’t make big bets. Really rich-and smart-people don’t make big bets. First they are not out to “prove” anything, they are out to make more money, and second, they know that risk control is as important as the other two legs of speculation, selection and timing. That is all this business of … trading gets down to, selection, timing, and risk control.”

“Trading well is not easy, but it is something you can learn if you have the perseverance combined with the humility to be realistic about your own strengths and weaknesses.”

“Most often, traders have four fears. There’s the fear of being wrong, the fear of losing money, the fear of missing out and the fear of leaving money on the table. I found that basically, those four fears accounted for probably 90% to 95% of the trading errors that we make. Let’s put it this way: If you can recognize opportunity, what’s going to prevent you from executing your trades properly? Your fear. Your fears immobilize you. Your fears distort your perception of market information in ways that don’t allow you to utilize what you know.”

(to be contd)

TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – OCT 29

Exactly as predicted yesterday

Nifty futures took a big turn @ 6083

You all exploit the fall or not?

What would we expect today?

Very good resistance btwn 6114-140

Support @ 6035

If trades above 6065 for 15 minutes,

An intraday hike upto 6085-95-105 is possible

Otherwise

If breaks 6035 it comes down to kiss

6016

If 6010 crossed with good volumes

Watch a non-stop slide upto 5992-70

An important support @ 5966

If breached 5966 with good volumes
more slide upto

5943-5897-75-61 is possible

ALREADY ALERTED – NO LONG POSITIONS

BELOW 6140. IT IS SUICIDAL.

(EXACTLY WHAT HAPPENED YESTERDAY?)

PLEASE PLEASE PLEASE

LISTEN TO THE RED ALERTS GIVEN

IN THIS SPACE.

IF NOT WE CAN ONLY PRAY FOR YOU

BANK NIFTY

Buy btwn 12138-58

T1 – 12189-205

T2 – 12215-22-42

Sell btwn 12072-52

T1 – 12020-04

T2 – 11994-88-68

SHARE TIPS TODAY(OCT 29)

Sell McDowell-N @ 1484

T1 – 1474

T2 – 1466

Sell JyothLab @ 281.50

T1 – 279.50

T2 – 277.50

Sell JaiBalaji @ 309.25

T – 306.25

Sell OrchidChem @ 303.9

T1 – 301.90

T2 – 299.90

Sell DhanBank @ 194.5

T – 193.50

AN ASTRAL VIEW

Stock Market Prediction for 29th October 2010

Transiting Moon will be passing through Gemini Zodiac sign. Transiting Moon will be in applying aspect with Transiting Rahu, which indicates some profit booking would be seen at higher levels, but it would be good day for Market. Market may go up between 11.01 and 11.34. Market trend may change after 13.47. Market would gradually go up or nearer to previous closing during last trading 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

-EDITOR

A CHECK LIST FOR MARKET GUYS

Here’s a list I came up with for the forgotten man, the hundreds of thousands of traders in stocks, futures and options.

Before the Trade

1. Do you know the name and numbers of all your counterparts, especially if your equipment breaks down?

2. When does your market close, especially on holidays?

3. Do you have all the equipment you’ll need to make the trade, including pens, computers, notebooks, order slips, in the normal course and in the event of a breakdown?

4. Did you write down your trade and check it to see for example that you didn’t enter 400 contracts instead of the four that you meant to trade?

5. Why did you get into the trade?

6. Did you do a workout?

7. Was it statistically significant taking into account multiple comparisons and look-backs?

8. Is there a prospective relation between statistical significance and predictability?

9. Did you consider ever-changing cycles?

10. And if you deigned to do a workout the way all turf handicappers do, did you take into account the within-day variability of prices, especially how this might affect your margin and being stopped out by your broker?

11. If a trade is based on information, was the information known to others before you?

12. Was there enough time for the market to adjust to that information?

13. What’s your entry and exit point?

14. Are you going to use market, limit or stop orders?

15. If you don’t get a fill how far will you go? And what is your quantity if you get filled on all your limits?

16. How much big will you be paying if you use market or limit orders and how does that affect the workouts you did knowing that if you use stops you are likely to get the worst price of the day and all your workouts will be worthless because they didn’t take into account the changing price action when you use stops, to say nothing of ever-changing cycles?

17. Are you sure your equipment is as good and as fast as the big firms that take out 100 million a day with equipment that takes into account the difference between being 100 yards away from an exchange and the time it takes the speed of light to reach you?

18. Are you going to exit at a time or based on a goal? And did you take into account what Jack Aubrey always did which is to have an escape route in case all else fails?

19. What important announcements are scheduled? and how does this affect when and what kind of order to use? For example, a limit before employment is likely to be down a percent or two in a second. Or else you won’t get filled and you’ll be chasing it all day.

20. Did you test how to change your size and types of orders based on announcements?

21. What’s the money management on this trade?

22. Are you in over your head?

23. Did you consider the changing margin requirements when the market gets testy or the rules committee with a position against you increases the margins against you?

24. How will a decline in price affect your margin and did you take into account what will happen when you get stopped out because of margin?

25. What will happen if you need some money for living expense or family matters during the trade? Or if you have to buy a house or lend money to a friend?

(Please refer to ‘OUR POLICIES’ in blog archives

before you leave the site)

For further details,

Contact Admin (Analyst) @

(0)9788563656

MESSAGE TODAY

Though my sight be lost, I do not yet lose my faith:

when I can no longer see, I can still believe.

-IVAN PANIN

RELAX CORNER

JUST SMS TO YOUR PAL

When I was young I begged God for a bike, but God does not work that way... so I stole a bike and begged for forgiveness!

DISCLAIMER

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

TREMULOUS THURSDAY

FROM AN EXPERIENCE

Trading success takes discipline, passion and continuous learning just to name a few.

One additional area that seems to be evident in all traders that keep enhancing their skills and their profits is the ability to ask good questions of themselves and then to apply the answers immediately.

To reach new goals takes new steps that must start now and are not delayed until tomorrow.

It occurs to me that the only way in which a trader can become more than a completely selfish, self-enriching, narcissistic person is to trade well enough so that you can manage other people’s money and thus saving these investors from crooks and charlatans (provided you are convinced you are not a crook and charlatan yourself).
Other traders have advanced other arguments in favor of trading. But I am not convinced by them.
They say that we provide liquidity to other long-term investors who may need to liquidate their investments. But then, this applies only to mean-reversal strategies. Momentum strategies take away liquidity from the market, and in some cases exacerbating price bubbles. Certainly not something your grandma would approve.
Others argue that momentum strategies help disseminate information about companies through quick price movements. But can’t we just watch Blue Channels? Do we really need some devious insiders to convey that information to the rest of us through price movements?
No, I think that independent trading should serve only one purpose (besides short-term self-sustenance): as training and preparation to become a fund manager. Once you graduated from independent trading, you then enter into the grand contest among all fund managers to see who can best serve and protect investors’ assets, (and be rewarded according to your standing in this contest.)
I know, this is the idealistic way to look at things. Serving and protecting seem to be what policemen should be doing, not traders. But as in quantitative trading, I think it helps one becomes more successful in one’s activities by having a simple guiding principle or model. And it doesn’t hurt that in this case, the principle would also be conscience-nourishing!

WHY DO MOST TRADERS LOSE MONEY?

Because they would rather lose money than admit they’re wrong. What is the ultimate rationalization of a trader in a losing position? “I’ll get out when I’m even.” Why is getting out even so important? Because it protects the ego. I became a winning trader when I was able to say, “To hell with my ego, making money is more important.”

(to be contd)

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES – OCT 28

Good resistance btwn 6115-35

If cuts 6045 with good volumes,

a hike upto 6065-74 & there after

upto 6083-91 is possible.

On the other hand if trades below

6037 & cuts 6017,

just hold your breath

and get ready for the start of a very big

Roller coaster ride.

Bcoz after breaching the final support

of 5985 an intraday slide upto

5955-25 & a brief conjecture for a bloodbath

could be written on charts by the market today.

At the same time, do not expect everything to happen in a single session.

OPTION PLAYERS

WAIT FOR MY UPDATES (JUST) FOR 24 HOURS

TAKING LONG POSITIONS IN
NIFTY FUTURES BELOW 6140 IS LIKE

BANK NIFTY

Buy btwn 12284-304

T1 – 12336-52

T2 – 12363-69-89

Sell btwn 12217-198

T1 – 12165-49

T2 – 12138-32-12

SHARE TIPS TODAY(OCT 28)

Sell ICICIBank @ 1104

T- 1196

Sell Glaxo @ 2258

T1 – 2248

T2 – 2238

Sell Venkeys @ 826

T – 816

Sell Onmobile @ 329.9

T – 326.9

AN ASTRAL VIEW

Stock Market Prediction for 28th October 2010

Transiting Moon will be passing

through Gemini Zodiac sign.

Transiting Moon will be in tight conjunction with Transiting Ketu,

which indicates
intraday traders are advised
to enter in Market after see the

Momentum. Market may volatile
during first trading session.
Market trend may change after 14.00.

Market may go up between 14.05 and 14.35.

Market may go up during last trading 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

-EDITOR

REAL PURPOSE OF TRADING

What is the purpose of trading?
It seems clear, doesn't it? The purpose of trading is to make money. The trade is planned, entered, and exited with the goal of increasing the size of one's trading account. What other purpose would there be?
The dictionary says this about purpose:

"something set up as an object or end to be attained : intention b: resolution, determination"

What about:
The purpose of trading is to not lose money.
The purpose of trading is to practice discipline.
The purpose of trading is to use my talents.
The purpose of trading is to grow.
Or how about:
The purpose of trading is to express my true nature. I was meant to be a trader.
Maybe the purpose of trading is simply to trade. Because that is what you have been called to do, or what you are meant to do, or it's the highest expression of your nature as a producer rather than a consumer. When you trade successfully, you are disciplined, you are growing, you are using and developing your talents, you are making money, and you are creating wealth from scratch. But most of all, you are trading because it's the right thing to do for you.

(Please refer to ‘OUR POLICIES’ before you leave the site)

For further details,

Contact Admin (Analyst) @

(0)9788563656

MESSAGE TODAY

Our belief at the beginning of a doubtful undertaking is the one thing that ensures the successful outcome of the venture.

-WILLIAM JAMES, The Varieties of Religious Experience

RELAX CORNER

GLOBAL WARMING JOKE

A Georgia Congressman was seated next to a little girl on the airplane leaving from Atlanta when he turned to her and said, ‘Let’s talk. I’ve heard that flights go quicker if you strike up a conversation with your fellow passenger.’

The little girl, who had just opened her book, closed it slowly and said to the total stranger, ‘What would you like to talk about?’

‘Oh, I don’t know,’ said the southern congressman. ‘How about global warming or universal health care’, and he smiles smugly.

OK, ‘ she said. ‘Those could be interesting topics. But let me ask you a question first. A horse, a cow, and a deer all eat the same stuff -grass. Yet a deer excretes little pellets, while a cow turns out a flat patty, and a horse produces clumps of dried grass. Why do you suppose that is?’

The southern legislator, visibly surprised by the little girl’s intelligence, thinks about it and says, ‘Hmmm, I have no idea.’

To which the little girl replies, ‘Do you really feel qualified to discuss global warming or universal health care when you don’t know shit?

JUST SMS TO YOUR PAL

The greatest lesson in life is to know that even fools are right sometimes

DISCLAIMER

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

GOLDEN WEDNESDAY?

FROM AN EXPERIENCE

Great photographers never take a picture until everything is set up correctly and the subject is in focus.

If they have not analyzed the situation before taking the picture, their results will not be successful.

Traders need to follow the same steps. Your mind must be in focus and we must have a solid foundation in place before we execute a trade or else we will not have a high chance for success.

Trading rules from great traders are always worth reading. If you spend some time to understand the concept behind each trading rule this will improve your trading skills and take you to the next level. Also check this video where Dennis Gartman talks about the concept of keeping it simple.

1. Never, under any circumstance add to a losing position…. ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!

2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.

3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital.

4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is “low.” Nor can we know what price is “high.” Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed “cheap” many times along the way.

5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.

6. “Markets can remain illogical longer than you or I can remain solvent,” according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.

7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds… they shall carry us higher than shall lesser ones.

8. Try to trade the first day of a gap, for gaps usually indicate violent new action. We have come to respect “gaps” in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.

9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In “good times,” even errors are profitable; in “bad times” even the most well researched trades go awry. This is the nature of trading; accept it.

10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market’s technicals. When we do, then, and only then, can we or should we, trade.

11. Respect “outside reversals” after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more “weekly” and “monthly,” reversals.

12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.

13. Respect and embrace the very normal 50-62% retracements that take prices back to major trends. If a trade is missed, wait patiently for the market to retrace. Far more often than not, retracements happen… just as we are about to give up hope that they shall not.

14. An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.

15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first “addition” should also be added on strength as the market shows the trend to be working. Henceforth, subsequent additions are to be added on retracements.

16. Bear markets are more violent than are bull markets and so also are their retracements.

17. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are “right” only 30% of the time, as long as our losses are small and our profits are large.

18. The market is the sum total of the wisdom … and the ignorance…of all of those who deal in it; and we dare not argue with the market’s wisdom. If we learn nothing more than this we’ve learned much indeed.

19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are to be bought; new lows sold.

20. The hard trade is the right trade: If it is easy to sell, don’t; and if it is easy to buy, don’t. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidlmayer taught us this twenty five years ago and it holds truer now than then.

21. There is never one cockroach! This is the “winning” new rule submitted by our friend, Tom Powell.

22. All rules are meant to be broken: The trick is knowing when… and how infrequently this rule may be invoked!

(to be contd)

TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – OCT 27

Day resistance @ 6155

If trades above 6114 for 15-20 minutes and

crosses 6121 with volumes,

Nifty Futures goes upto 6135-50

If possible after that upto 6172-92

Day Support @ 6069

On the other hand if it trades below

6114 & cuts 6095

Watch a non-stop slide upto 6075-69

BANK NIFTY

Buy btwn 12416-37

T1 – 12469-85

T2 – 12495-501-22

Sell btwn 12350-29

T1 – 12297-80

T2 – 12271-65-44

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Nifty, Bank Nifty levels and intraday news updated here gives astonishing success rate (more than 95%) that is more than enough for the readers to attain a decent profit daily.

To mint much more money pls subscribe our service and

enjoy daily market with our guidance.

Thank you.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

SHARE TIPS TODAY

Sell DCM @ 134.45

T1 – 132.75

T2 – 131.75

Sell ALCHEM @ 229

T1 – 227.10

T2 - 226.10

Sell MHRIL @ 435.70

T1 – 431.75

T2 – 427.75

Sell HDFCBank @ 2296

T1 – 2286

T2 – 2276

T3 – 2266

ASTRAL PREDICTION TODAY

Stock Market Prediction for 27th October 2010


Transiting Moon will be passing through Taurus Zodiac sign. Transiting Moon will be in applying aspect with Transiting Saturn, which indicates Market would make new high. Moon would be Vargottama, it would be good signal for Market. Market may go up between 9.43 and 10.12. Market trend may change after 13.20. Market would gradually go up. Market may go up or nearer to previous closing during last trading 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

-EDITOR

ELIMINATE YOUR EGO AND OBSERVE


The most important change will only occur when you will learn to DIVORCE EGO FROM THE TRADE. Trading is a psychological game. Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself. You have to stop trying to will things to happen in order to prove that you’re right. Listen only to what the market is telling you now. Forget what you thought it was telling you five minutes ago. The sole objective of trading is not to prove you’re right, but to hear the cash register ring.

*If you find yourself holding a winning position, adding up your profits, and confidently projecting larger gains on the horizon, you are probably better off exiting the trade. The odds are that the trade has run its course.

*When entering a trade with a market order and your fill is clearly better than expected, odds are it will end up being a losing trade. Good fill, bad trade. Get out!

*If all your ‘trading buddies’ agree with your expectations regarding the next big move, it probably will not work out. If everyone’s conviction level is as strong as the consensus, do the opposite.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(Please refer to ‘OUR POLICIES’ before you leave the site)

For further details,

Contact Admin (Analyst) @

(0)9788563656

MESSAGE TODAY

Confidence is a plant of slow growth in an aged bosom;
youth is the season of credulity.

-WILLIAM PITT

RELAX CORNER

JUST SMS TO YOUR PAL

20% of the population is now drinking coffee, 60% is having sex, 19% is watching television and one idiot is now holding his mobile in his hand

DISCLAIMER

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.

MARVELOUS MONDAY

FROM AN EXPERIENCE

I ran across these rules for living, and thought they apply beautifully

to the process of trading successfully. They are as follows:

1. Show up.

2. Pay attention.

3. Live your truth.

4. Do your best.

5. Don’t be attached to the outcome.

Show up.

Woody Allen has said 90% of the story is showing up.

And I think that can be true for trading. Showing up means being

prepared and ready before the market opens. It means getting

your entry and exit orders in the market in a timely fashion.

You’ve done your research, and you’re clear about your intentions.

Pay attention.

Watch the price action. Be cognizant of what

your chosen indicators are saying. Know what news is breaking,

and watch the market’s reaction to the news. Be alert to twists

and turns in market direction. Don’t wander off mentally or

physically.

Live your truth.

Your truth could be fundamental or technical

or a combination of the two. But if you don’t trade in

accordance with your guidelines, you can get yourself on

the wrong side of the situation and yourself. Be who you

say you are as a trader. Are you honest, perceptive, courageous,

steady, and disciplined? Are you trading in the manner

you have chosen or committed to trade.

Do your best.

Honestly, all you can do is your best.

But your best can get better as you practice and learn.

Learn from your mistakes, and forgive yourself past digressions.

Each day is a new day, and each day brings new opportunities.

It’s your job to capture what you can of the opportunities even as

you rigorously protect your capital.

Don’t be attached to the outcome.

This is the hard part, and this

is the essential part. The results of any given trade or trading day

are really not indicative of whether or not you will be profitable.

One trade or

day is simply not the measure of success, and is really

irrelevant. If you’re showing up, and paying attention,

and living your viable truth, and doing your best, you can

accept whatever outcome develops. Of course, if the outcome

is disastrous over time, you need to go back to the drawing board

and develop better methods.

The rules are not hard to understand. Recognizing a profit from

a loss is simple. If the rules are easy to grasp and a profit is

distinguishable from a loss, where does the problem lie?

What makes it so hard to apply the rules? There is something

within each of us that has a power over our minds that prevents

our acting according to what we have agreed is the proper course

of action. That something is present in all of us and is very powerful,

more powerful than anything I know. Let’s call it ego.

Until we learn to get rid of our ego, we will never make money in the

market consistently. Those who haven’t identified the ego’s ways

will eventually be destroyed in the market because of their ego’s

tendencies. It is just that powerful. The market rewards those

who have subdued their egos. Those who rid themselves of their

egos are rewarded greatly. They are the superstars of their fields.

In the market, rewards come in the form of profits. In the world of

art, masterpieces are the results. In sports, the players are all-stars

and command enormous salaries. Every pursuit has its own

manifestation of victory over the ego.

(to be contd)

TODAY’S DAY TRADING STRATEGY

OF NIFTY FUTURES – OCT 25

Day Resistance exists @ 6091-101-114

If breaks a surge upto 6153 is for sure.

Otherwise

If trades below 6089, watch a decline upto

6065

If breaches 6055 too NF slides more till 6040-30

BANK NIFTY

Buy btwn 12453-74

T1 – 12507-24

T2 – 12535-42-63

Sell btwn 12383-62

T1 – 12328-11

T2 – 12300-294-73

SHARE TIPS TODAY

Sell M&MFIN @ 653.90

T1 – 648

T2 – 640

WHAT ASTROLOGY SAYS THIS WEEK?

Free Daily and Weekly Stock Market Prediction
and Forecast for October 2010 : 25th October 2010 to 29th October 2010

Planetary position during October 2010
Sun will transit from Libra sign.
Mercury will transit from Libra sign.
Venus will transit from Libra sign, Venus would retrograde.
Moon will transit from Taurus and Gemini.
Mars will transit from Scorpio sign.
Rahu will transit from Sagittarius.
Jupiter will transit from Pisces. Jupiter will retrograde.
Saturn will transit in Virgo.
Ketu will transit in Gemini.

Stock Market Prediction for 25th October 2010

Transiting Moon will be passing through Taurus Zodiac sign. Transiting Moon will be in applying aspect with Transiting Mars, which indicates uptrend in Indian Stock Market. Market may do business in green signal up to 12.00. It may notice decline from higher levels. Market may go up between 9.10 and 9.29. Market trend may change after 12.18. Market would gradually go Flat/down closing during last trading 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

-EDITOR

GOLDEN RULES FOR STOCK MARKET TRADING SUCCESS

Your stock trading rules are your money. When you follow your rules you make money. However if you break your own stock trading rules the most likely outcome is that you will lose money.
Once you have a reliable set of stock trading rules it is important to keep them in mind. Here is one discipline that can reap rewards. Read these rules before your day starts and also read the rules when your day ends.

Rule 1: I must follow my rules.
Naturally if you develop a set of rules they are to be followed. It is human nature to want to vary or break rules and it takes discipline to continue to act in accordance with the established rules.

Rule 2: I will never risk more than 3% of my total portfolio on any one stock trade.
There are many old traders. There are many bold traders. But there are never any old bold traders. Protecting your capital base is fundamental to successful stock market trading over time.

Rule 3: I will cut my losses at 5% to 15% when I am wrong without question.
Some traders have an even lower tolerance for loss. The key point here is to have set points (stop loss) within the limits of your tolerance for loss. Stay informed about the performance of you stock and stick to your stop loss point.

Rule 4: Never set price targets.
This is a style that will allow me to get the most out of rising stocks. Simply let the profits run. Realistically, I can never pick tops. Never feel a stock has risen too high too quickly. Be willing to give back a good percentage of profits in the hope of much bigger profits.
The big money is made from trading the really BIG moves that I can occasionally catch.

Rule 5: Master one style.
Keep learning and getting better at this one method of trading. Never jump from one trading style to another. Master one style rather than become average at implementing several styles.

Rule 6: Let price and volume be my guides.
Never listen to any opinion about the stock market or individual stocks you are considering trading or are already trading. Everything is reflected in the price and volume.

Rule 7: Take all valid signals that show up.
Don't make excuses. If an entry signal shows up you have no excuse not to take it.

Rule 8: Never trade from intra-day data.
There is always stock price variation within the course of any trading day. Relying on this data for momentum trading can lead to some wrong decisions.

Rule 9: Take time out.
Successful stock trading is not solely about trading. It's also about emotional strength and physical fitness. Reduce the stress every day by taking time off the computer and working on other areas. A stressful trader will not make it in the long term.

Rule 10: Be an above average trader.
In order to succeed in the stock market you don't need to do anything exceptional. You simply need to not do what the average trader does. The average trader is inconsistent and undisciplined. Ask yourself every day, "Did I follow my method today?" If your answer is no then you are in trouble and it's time to recommit yourself to your stock trading rules.

(Please refer to ‘OUR POLICIES’ before you leave the site)

For further details,

Contact Admin (Analyst) @

(0)9788563656

WATCH HER MAGICAL FINGERS

-Don’t miss to Watch-

Sirena Huang started taking violin lessons at age 4 and made her professional solo debut at 9 with the Taiwan Symphony Orchestra. She has won top prizes in numerous international competitions,… Full bio and more links

MESSAGE TODAY

Human beliefs, like all other natural growths, elude the barriers of system.

-GEORGE ELIOT, Silas Marner

RELAX CORNER

JUST SMS TO YOUR PAL

The IDEAL man does not smoke, does not drink, does not flirt, goes to bed early, in short ... does not exist

DISCLAIMER

THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.