FROM AN EXPERIENCE
Traders will typically approach a large loss in one of two ways.
First is the dumb way, and that is to become a petulant whiner and
throw a fit. Next is the more-constructive way, and that is to use
the loss as a means of developing as a trader and to “quote”
— learn from your mistakes. But there is a third way. And that is to
view the loss as the cost of information.
I don’t mean the cost of doing business per se. This is not typically
associated with large losses. Small losses, yes. Because to
make money you have to lose some along the way,
as casinos do every day.
make money you have to lose some along the way,
as casinos do every day.
And not the cost of tuition where the market charges a fee
to school us. No, I mean information.
Instead of asking yourself about where you placed your stops and
getting all personal about the whole thing, ask yourself
what happened.
what happened.
Why did the market move the way it did? If you haven’t
suffered a capital depletion, you are not likely to demand an answer
and more likely to throw off the question with a wave
suffered a capital depletion, you are not likely to demand an answer
and more likely to throw off the question with a wave
of the hand and a shrug.
“Who knows, who cares. I only play odds.”
Markets are a beast and if you want to play with them, you’ll
have to be careful. Wear protective goggles and gloves. If you
want to tame them though, you’ll need to wrestle with them.
And sometimes you lose some body parts along the way.
Traders are always fishing for new ideas and that can
lead to trouble,
lead to trouble,
but it can also lead to the discovery of a new lifetime pursuit, the
pursuit of comprehensive knowledge. There is a general fear and
loathing in trading when it comes to “quote” — thinking too much.
We are admonished to keeps things simple and to not muddle our
minds with too much, lest we lose our way.
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – JAN 18
Resistance today @ 5695
Crossover with good volume would take
Nifty futures to 5720-40-46 and after breaking 5751
More fireworks upto 5771-81 can be seen.
But any rise can be used as a selling opportunity
On the other side,
WATCH 5633 today closely Suppose if trades below 5657
for 15-20 minutes and breaks 5633
see a non-stop slide upto 5608 & 5583
see a non-stop slide upto 5608 & 5583
Exclusively in this site, we were
warning since
the beginning of the contract (as well as Dec)
to sell on every rise boldly.(with the alarm
DEAD CAT BOUNCE even)
DEAD CAT BOUNCE even)
You are all watching now the predictions come very true
and this is the way our subscribers mint money
using the tips and trades exactly.
(More intraday tips, reverse points, buying/selling range
and trading opportunities exclusively to the subscribers.)
and trading opportunities exclusively to the subscribers.)
Note: Daily levels mentioned above are purely for intraday
The levels will change everyday and do not consider
them for a short term, long term trades. Always use
them for a short term, long term trades. Always use
the market by trading along with the voice of market.
Do not trade want you want to trade.
Trade what you see.
People acting too smart here die poor
Trade what you see.
People acting too smart here die poor
BANK NIFTY
Buy btwn 10575-91
T1 – 10641-67
T2 – 10683-92
T3 – 10724
Sell btwn 10443-27
T1 – 10376-51
T2 – 10335-26
T3 – 10294
SHARE TIPS TODAY (JAN 18)
1) Sell LT @ 1678
T1 – 1669
T2 – 1661
2) Sell JINDALSWHL @ 1176.10
T1 – 1168
T2 – 1158
3) Sell CANBK @ 527.50
T1 – 524
T2 – 520.75
4) Sell STER @ 169.45
T1 – 168.05
T2 – 167.10
5) Sell MMTC @ 1056.50
T1 – 1047.20
T2 – 1037.40
6) Sell ANDHRABANK @ 127.10
T1 – 125.90
T2 – 124.75
7) Sell NAGARCONST @ 113.10
T1 – 111.90
T2 – 110.70
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. MORE INTRADAY TIPS IN MARKET HOURS
EXCLUSIVELY TO THE SUBSCRIBERS
Disclosure:
Number of free tips is deliberately reduced from today onwards.
Solely I have all the rights to stop this too
at any moment.
Subscribe as soon as possible if you want to earn more.
Join hands with us and enjoy.
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.
*The daily prediction, which you refer to, has been written a week in advance. So, take its optimum advantage.
*High volatility and wide fluctuation dates in January: 3 (23.10), 4 (solar eclipse) (-11.25), 5 (-66.55), 7 (-143.65), 11, 12, 18, 24, 27, 31
*Today, Moon will be in the Ardra constellation of the Zodiac ?? Gemini.
*Today, the Moon-Ketu conjunct will be in the Zodiac Gemini.
*Till the time the astrologer does not predict from this platform, consider the opening to be around the surface i.e. upto 8th February, 2011.
*From 12:20 to13:35, Nifty may search for a new direction; it may have the capacity to create an unexpected pattern. (0.01)
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
BEACH BALL
Have you ever tried to hold a beach ball under the water?
You might be successful for few moments, however it only takes a small change in how you are holding it to make it burst up out of the water, hit you in the face and splash you all over.
Sometimes, we as traders try to hold the beach ball under the water. We want the big success, the big win, the huge profits, etc. in a short timeframe. This rarely happens.
What are your current trading traits? What do you expect of yourself? Are you open to new ideas? Are you willing to spend the time needed to build the skills and knowledge base needed to reach your goals?
ENERGY MANAGEMENT
When we get up in the morning, we have a certain amount of energy. It is up to us to decide how we will use our energy and where we will focus it. So how do you manage your energy during the day?- What activities energize you and what drains your energy?
- How do you sequence your activities?
- Do you try to do everything yourself, or do you focus on your strengths and delegate the rest?
- How do you deal with stress?
- How do you motivate yourself?
- Who do you surround yourself with?
- How do you manage your energy?
- How do you deal with the bad news or naysayers?
- How do you deal with emails, phone calls, IMs and other things that can distract you?
- Are you being productive or running out of time each day?
If you try to be everything to everyone, you get burned out.
You might have heard of the 80/20 rule – 20% of our efforts get 80% of our results. You can focus your energy on the efforts that get you the results, or let yourself get distracted. When you get distracted, you are very busy, however you do not produce the result that you want in the time frame that you want. The choice is yours.
TRADING RULES
1) NO TRADING ONCE THE DAYS LOSSES EXCEED XXXX.XX.
(Insert your Rupee amout) Trading frustrated is no way to trade.
(Insert your Rupee amout) Trading frustrated is no way to trade.
2) DO NOT OVERTRADE.
Simply mathematics…the more high frequent trades I make, the more I get out of control, the more long term profits I end up losing.
Simply mathematics…the more high frequent trades I make, the more I get out of control, the more long term profits I end up losing.
3) NO TRADING THE SAME STOCK AFTER TAKING A LOSS THAT IN THE STOCK ALREADY THAT DAY.
4) THE MORE STUBBORN YOU ARE, THE MORE YOU WILL LOSE. THE STOCK MARKET IS ALWAYS RIGHT.
5) ALWAYS SET YEARLY AND MONTHLY TRADING GOALS, AND NEVER LOOK AT A DAILY CHANGES IN ACCOUNT.
No one will be right everyday, impossible. But over time, months, year, years, you will see what your true success rate is. This is most important, there will ALWAYS BE BAD TRADES.
I guarantee it.
No one will be right everyday, impossible. But over time, months, year, years, you will see what your true success rate is. This is most important, there will ALWAYS BE BAD TRADES.
I guarantee it.
6) DON’T CHASE STOCKS JUST TO DO A TRADE.
AVOID BOREDOM TRADES. IF NO TRADE IS THERE, PASS, AND SOMETIMES DON’T TRADE ANY STOCKS
AT ALL.
AVOID BOREDOM TRADES. IF NO TRADE IS THERE, PASS, AND SOMETIMES DON’T TRADE ANY STOCKS
AT ALL.
7) TRY TO GET IN BEFORE THE HEADLINES INSTEAD OF BUYING THE HEADLINES.
Market homework absolutely required to be a success.
Market homework absolutely required to be a success.
8) NEVER, EVER TRADE OVERNIGHT/EARNING PLAYS ON MARGIN.
No swing long or swing short trades on margin. Shorting itself requries margin, but if I short long term it’s in small size compared to account balance. I NEVER hold overnight on margin, EVER, no exceptions.
No swing long or swing short trades on margin. Shorting itself requries margin, but if I short long term it’s in small size compared to account balance. I NEVER hold overnight on margin, EVER, no exceptions.
9) SHRUG OFF ALL LOSSES IF RULES ARE FOLLOWED. It’s the trades when rules are broken that bother me, which is rare. If rules are followed, I learn from the loss, but move quickly to the next opportunity.
(Refer to ‘OUR POLICIES’ in blog archives if you
have any queries)
have any queries)
For further details,
Contact Admin (Analyst) @
(0)9788563656
MESSAGE TODAY
-DAVID HUME, An Enquiry Concerning Human Understanding
RELAX CORNER
JUST SMS TO YOUR PAL
‘There’s a way of transferring funds that is even fasterthan electronic banking. It’s called marriage.’
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