C'MON MONDAY MORNING

 

FROM AN EXPERIENCE

Imagine yourself taking the other side of every trade that you
actually make. What does that position feel like? Also imagine 
yourself being a neutral observer who watches as you and the
other person both take a position on the market. What do you 
think that person would think?
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.

Here are the 9 rules for you

1. Move: Always be flexible. The beauty of the stock market is 
polygamy is perfectly acceptable.Never get married to a 
particular position or a particular strategy. 
The market is complex, dynamic
and always changing.Learn to change with it if necessary.

2.  Plan de Vida: Always invest with a plan.  

Have strict rules and a machine-like approach.

3.  Downshift: Pulling yourself out of the game when you’re not

certain will help you from making debilitating mistakes.  

When in doubt get out.

4. 80% Rule: Never let more than 20% of your portfolio 

put 80% of your portfolio at risk.  Position sizing is key to risk 

management.

5. Hope is a 4 letter word: Holding and hoping is not a 

strategy.  Cut your losses, learn from it and never look back.  

Never ever get into something you can’t get out of.

6. Understand your risks: You can’t avoid black swans, but t

hey don’t have to rip your face off.  Understand your risks and  

your rewards.

7. Goals and accountability: Set goals and keep track of your 

performance.  You are responsible for your own decisions. 

Own your mistakes.

8. Psychology: Learn to control your emotions and understand 

the emotions of those around you.  Always remember what 

General Patton said: “if everyone is thinking the same 

then someone isn’t thinking”.  

Also the famous Buffett quote: “Be fearful when others 

are greedy and greedy when others are fearful.”

9. Your Tribe: Always remember that there is more to life 

than investing.  Don’t live to invest.  Invest to live. 

Being the richest man/woman in the graveyard is worthless 

if there isn’t anyone to bury you there.

                                                             (to be contd)             

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES – FEB 7  

NOTICED OUR PERFECT SHO(R)T
IN NIFTY FUTURES OR NOT?    

Dear friends, traders,

Exactly as predicted, within 3 sessions 
Nifty futures hits our target of

5380 level, went down upto 5356 
and closed @ 5382 on Friday.

 Now all shouting, ‘it is a bear market’.

95% of the traders,blue channel wizards
would have missed and as usual
only 5% made it.

We were screaming like anything for the past 2 months 
to sell Nifty Futures on any rise.
(Scroll down or go to prvs pages 

to examine our views pls)

Our subscribers mint mammoth money in these two

months in Nifty Futures
covering the positions @ 5380 NOW.

Now, what to expect from this level?

Friday closed @ 5382

Mark my words...

A clean bounce back is possible from this level, but wait for

some upper levels that Nifty has to confirm in
forthcoming sessions.

The correct entry (buying) point will be mentioned
in the very same space.

Now let’s come to today’s strategy.

If Nifty Futures trades 15-25 minutes above 5383

See a sure hike upto 5415-42.

If breaks 5444 decisively with good volume, 
watch much more hike upto 5461-71-5485

Suppose if trades below 5382 for 15 minutes
watch another panic upto 5332.

If this level too breaks decisively,

more slide upto

5307-5278 is possible.

Read the above said conditions very carefully
and don’t trade blindly within the levels.

You can subscribe to get exact entry, exit, stop, reverse

trade levels before you take any decision with
your real money.

Have a happy trade friends.

BANK NIFTY

Buy btwn 10460-78              

T1 – 10511-23-45         

T2 – 10559-68

T3 – 10596 

Sell btwn 10344-30         

T1 – 10297-85-62     

T2 – 10248-39  

T3 – 10211

SHARE TIPS TODAY (FEB 7) 

1) Sell DBREALTY @ 139.50

    T1 – 137.60       

    T2 – 135.80

2) Sell RAYMOND @ 278.25  

    T1 – 276.25  

    T2 – 274.35  

   

3) Sell TECHM @ 633.70    

     T1 – 628.10   

     T2 – 622.50   

4) Sell M&M @ 668.75

     T1 – 663.70  

     T2 – 657.75

5) Sell MCDOWELL @ 1159.10

    T1 – 1151.10

    T2 – 1143.50

6) Sell SUNTV @ 461

     T1 – 456.50

     T2 – 452.10

Disclosure:

1. Stoploss levels, reverse trades are
exclusively to the subscribers.

2. Solely I have all the rights to stop this free tips

at any moment.

Subscribe as soon as possible and earn more.

Join hands with us and enjoy pals.

RBI INCREASES RATES BY 25%

With a spike in food inflation,
C Rangarajan, Chairman of 
Economic Council to the Prime
Minister, today said he
would not be surprised if
RBI hikes
the rate by 25 basis 
points to contain it. 

Replying to a 
question about whether he
expected another 

hike in the rates due
to the increase in food inflation, 

Rangarajan said, “I will not be surprised if the RBI raises 

the rate by 25 basis points”.  

Driven by high prices of fruits, milk, meat, eggs, 
India’s food inflation crossed 17% for the week-ended 
January 22.Rangarjan, who was speaking on the sidelines
of a book release function organised by Southern India Mills 

Association, said RBI would continue to act as long as 

there was a need to contain the rapid escalation in food prices.

He said food inflation was expected to decline.  

With the good monsoon, he said, the situation was already 

improving; prices of fruits and vegetables had already started 

declining and by middle of February, it would decline further.  

He added the overall inflation would also come down 

to 7 percent by March.

To another question on removing restrictions on FDI to attract 

more investments, he said the restrictions differed from sector 

to sector and the government would examine what could be done 

over the issue.

FATAL EMOTIONS


REVENGE, we all know it and have done it. It happens when you are tricked by the market and decide to take another trade before looking at the big picture, then BAM you are on the wrong side of the trade again. Pissed off and refusing to move while your money is going further down the drain. Scared to let go for fear that you are going to get tricked again.

PANIC, that is when you lack the confidence to enter or ride a profitable trade. This happens when you have taken some hits and now you lack the confidence to trade profitably.

IMPATIENCE, this happens when you can’t wait for a proper trade set-up and jump on a price hiccup/retracement, often finding yourself on the wrong side of the trade.

ANGER, you know that feeling that comes over you when you have taken a hit or two and you want to kill your computer.

SELF PITY, when you come to the market hoping for crumbs and get none, and can’t see why THEY won’t let you have just a little bit.

DEPRESSION, something perhaps outside of the market has you at an extreme low point.

INDIFFERENCE, it happens when you have gotten hit so many times that you just don’t care any more because no matter what you can win any way.

All of these emotions work hard against you clouding your clarity and give other traders the advantage over you.
If you are experiencing any of these emotions when you enter your platform; abandon your trading until you have yourself under control and have the clarity of mind to trade. Not doing so greatly increases your chances of handing your money over to a trader who is more emotionally fit and controlled than you are.

We are all human and it happens to us all, but what weighs heavy in your mind will often weigh heavily in your pocket.
Come to your trading platform, well rested, focused and ready to trade. You may take an occasional hit so what it is a LESSON. We all get them and if we learn the lesson that the loss has taught us; it will make us much better traders.
DO NOT TRADE YOUR EMOTIONS!!!!—



JESSE LIVERMORE: TIMELESS LESSONS


All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical (technical) formations and patterns recur on a constant basis.

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.

Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.

It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.

Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.

When a margin call reaches you, close your account. Never meet a margin call. You are on the wrong side of a market. Why send good money after bad? Keep that good money for another day.

Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend.

A prudent speculator never argues with the tape. Markets are never wrongopinions often are.

Few people succeed in the market because they have no patience. They have a strong desire to get rich quickly.

I absolutely believe that price movement patterns are being repeated. They are recurring patterns that appear over and over, with slight variations. This is because markets are driven by humansand human nature never changes.

When you make a trade, you should have a clear target where to sell if the market moves against you. And you must obey your rules! Never sustain a loss of more than 10% of your capital. Losses are twice as expensive to make up. I always established a stop before making a trade.

I am fully aware that of the millions of people who speculate in the markets, few people spend full time involved in the art of speculation. Yet, as far as I’m concerned it is a full-time jobperhaps even more than a job. Perhaps it is a vocation, where many are called but few are singled out for success.

The big money is made by the sittin’ and the waitin’not the thinking. Wait until all the factors are in your favor before making the trade.

It was never my thinking that made big money for me. It was my sitting…Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after this that a stock operator can make big money. it is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of ignorance.

Give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world.

Without faith in his own judgment no man can go very far in this game. That is about all I have learned – to study general conditions, to take a position and stick to it.

Remember that stocks are never to high for you to begin buying or too low to begin selling.

That is where the tape comes in – to enable you to decide as to the proper time for beginning. Much depends upon beginning at exactly the right time.

If you begin right you will not see your profitable position seriously menaced; and then you will find no trouble in sitting tight.

The public, with their eyes fixed on the stock market, saw little – that week. The wise stock operators saw much – that year. That was the difference.

A speculator must not merely be a student, he must be both a student and a speculator.

Tape reading was an important part of the game; so was beginning at the right time; so was sticking to your position. But my greatest discovery was that a man must study general conditions, to size them up so as to be able to anticipate probabilities.

I knew that some day I would find out what was wrong and I would stop being wrong. I would then have not alone the will to be right but the knowledge to insure my being right. And that would mean power.

A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking a loss – that is what does damage to the pocketbook and to the soul.

The speculator is not an investor. His object is not to secure a steady return on his money at a good rate of interest, but to profit by either a rise or fall in the price of whatever he is speculating in. Therefore the thing to do is to determine the line of least resistance at the moment of trading; and what he should wait for is the right moment when the line defines itself, because that is his signal to get busy.

In a narrow market, when prices are not getting anywhere to speak of but move in a narrow range, there is no sense in trying to anticipate what next big movement is going to be – up or down.

Instead of hoping he must fear and instead of fearing he must hope.He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

A man may beat a stock or group at a certain time, but no man living can beat the stock market.

A man must know himself thoroughly if he is going to make a good job out of trading in the speculative markets.

I learned that the weaknesses to which a speculator is prone are almost numberless.

Among the hazards of speculation the happening of the unexpected – I might even say of the unexpectable – ranks high.

Observation, experience, memory and mathematics – these are what the successful trader must depend on.

There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.

Of course there is always a reason for fluctuations, but what the tape does not concern itself with the why and wherefore. It doesn’t go into explanations. The reason for what a certain stock does today may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now – not tomorrow. The reason can wait. But you must act instantly or be left.

There is a time for all things, but I didn’t know it. And that is precisely what beats so many men on Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. No man can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.

The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regualr wages.

I never argue with the tape. Getting sore at the market doesn’t get you anywhere.

Much more to the game of speculation than to play for fluctuations for a few points.

There is one side to the stock market; and it is not the bull side or bear side, but the right side.

A man must believe in himself and his judgment if he expects to make a living at this game.

Speculation is a hard and trying business, and a speculator must be on the job all the time or he’ll soon have no job to be on.

It seems so obvious now that tape reading is not enough, irrespective of broker execution, that I wonder why I didn’t then see both my trouble and the remedy for it.

I can’t tell you how it came to take me so many years to learn that instead of placing piking bets on what the next few quotations were going to be, my game was to anticipate what was going to happen in a big way.

Since suckers always lose money when they gamble on stocks – they never really speculate.

There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!

The game of speculation isn’t all mathematics or set rules, however rigid the main laws may be.

If a stock doesn’t act right don’t touch it; because being unable to tell precisely what is wrong; you cannot tell which way it is going.

I should say that a chart helps those who can read it or rather who can assimilate what they read. The average chart reader, however, is apt to become obsessed with the notion that the dips and peaks and primary and secondary movements are all there is to stock speculation. If he pushes his confidence to its logical limit he is bound to go broke.

I can see now that my main trouble was my failure to grasp the fundamental difference between stock gambling and stock speculation.

I had to study what was going to happen; to anticipate stock movements.

It was the change in my own attitude that was of supreme importance to me. It taught me little by little, the essential difference between betting on fluctuations and anticipating inevitable advances and declines, between gambling and speculating.

I made up my mind to be wise and play carefully, conservatively. Everybody knew that the way to do that was to take profits and buy back your stocks on reactions. And that is precisely what I did, or rather what I tried to do.

(Refer to ‘OUR POLICIES’ in blog archives

if you have any queries)

For further details,

Contact Admin (Analyst) @

(0)9788563656

MESSAGE TODAY

  
Belief was immune to logic; it operated by its own laws.
                                                       -JAMES SIEGEL, Detour



 

RELAX CORNER

COLOURBLIND – A Mind-Blowing Clipping

JUST SMS TO YOUR PAL

Artificial Intelligence usually beats real stupidity. 

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.