FROM AN EXPERIENCE
What we call as perfection is a myth.
Stop trying to be perfect. Great trading is not about perfection, it’s about probabilities. If you go to a restaurant and order a steak, you don’t need to eat the bone, gristle and fat to enjoy the steak. And you don’t need to sell the top or buy the bottom to make a killing in the market. Just look for the sweet spot and dig into that. If you leave some profits on the table, that’s ok. You’re still going to leave the table feeling confident, in control and with a full stomach.
Trust your gut If something looks like crap and smells like crap, then chances are, it is crap. Listen more to your gut to tell you when to cut a loss and move on.
Keep it simple If something is working, keep doing it. There aren’t any bonus points for being clever. The money is the same color no matter how you make it. So do the simple things and chip away at the profits. I once had a client who felt he had to do complicated trades in order to make money. Bottom line was, he was wrong. Keeping it simple is the proven strategy for success.
Probabilities don’t lie If you’re not carefully tracking the metrics on your trades, you might as well be gambling at a casino. Make it a point to track the data on your trades and study them. That way, you can do more of what’s working and less of what’s not.
Avoid speculating and predicting I can’t begin to tell you how many times I see traders blow up their accounts because they try to speculate or predict what’s going to happen in the future. The simple fact is, no one knows. Even the best traders have a winning percentage of around 50 percent. That means successful trading is not about being right, it’s about what you do when you’re wrong. The bottom line is, trade what you see, not what you think.
“Discipline in executing each and every trade according to your trading methodology is the secret to your success. If you want to improve your trading, what you need to do is very simple. Before you enter any trade, imagine that you will have to explain this trade to a panel of your peers, by explaining to them the reason for your entry, your money, trade, and risk management guidelines, and why you exited the trade. Imagine having to explain why you chose this particular market and this particular time frame, along with how you set objectives for the trade, and how you determined where your initial protection would be. If you can truly do this, I strongly believe that you can be successful.
Just prior to entering every trade, try to imagine yourself executing the trade perfectly. Imagine how it will feel when you enjoy having made money with your trading.
Yes I know, you don’t have time to do that. Why? Because you never plan your trades ahead of time. You probably don’t have a strategy, and instead of waiting patiently for trade that meets your well-defined parameters and your thought-out plan, you just jump in the minute you think you see something that looks good.
You need to take a lesson from a spider. The spider waits patiently in his web until some unsuspecting insect flies into the spider’s trap.
Have you been flying into any of my traps? I wait for trades that meet my expectations, trades that fit my plan. I wait patiently, and being kind-hearted I don’t want any of my readers to land in my web. I’d rather the unsuspecting are readers of someone else’s newsletter. But it’s amazing how often I get to feed.”
(to be contd)
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – FEB 4
If sustains above 5532 and cuts 5540 with good volume,
watch a sure hike upto 5563-75 and after that upto 5590
If breaks 5590 too, watch non-stop hike upto 5612
Suppose, if trades below 5523 for 15 minutes and breaks
5517 decisively watch a slide upto
5504-5500 and then upto 5486-72
What if a gap up or gap down occurs or
What would happen if takes support @ 5504…?
– Exclusively to the subscribers.
PLS READ ALL THE ABOVE SAID CONDITIONS
TWICE
Day traders, swing traders, pls be very careful
in today’s session
BANK NIFTY
Buy btwn 10762-74
T1 – 10818-40
T2 – 10854-63
T3 – 10891
Sell btwn 10640-26
T1 – 10581-59
T2 – 10545-36
T3 – 10508
SHARE TIPS TODAY (FEB 4)
1) Sell BAJAJ-AUTO @ 1208
T1 – 1201.30
T2 – 1191.25
2) Sell KALINDEE @ 149
T1 – 147.25
T2 – 145.50
3) Sell MANAPPURAM @ 107.65
T1 – 106.40
T2 – 105.25
4) Sell CUMMINSIND @ 682
T1 – 675.20
T2 – 670.30
5) Sell SOBHA @ 231.10
T1 – 228.20
T2 – 226.10
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.
A TRADING ADVICE
Don’t apply logic to the stock market
So often I see people make decisions in the
market on what makes sense to them. It makes
sense to buy stocks when the company insiders
are buying. It makes sense to buy stocks that
are making positive announcements. It makes
sense to listen to what the President has to say
about the company’s prospects.
However, all that
matters is what the market thinks of the company and whether the
buyers are more motivated than the sellers. So often, the market
does things that do not make any sense until we later learn of what
motivated the market to do what it did. Remember, the market is
forward looking, most times, what makes sense is judged on what
has happened in the past.
Never average down on a losing position
Buying more of a bad thing is not much different than continually betting on a losing horse. Winners win for a reason, and until your stock starts to show that it is a winner, don’t add more to a bad situation. If you like a company whose stock is losing you money, sell it. You can always buy it back later when the market starts to like it again.
Buying more of a bad thing is not much different than continually betting on a losing horse. Winners win for a reason, and until your stock starts to show that it is a winner, don’t add more to a bad situation. If you like a company whose stock is losing you money, sell it. You can always buy it back later when the market starts to like it again.
Successful investing is not about being right, it is about making money
Most good traders are usually wrong. They will lose small amounts often and make big amounts occasionally. What matters is how much they make over a large number of trades. Don’t try to always be right, simply work to make money.
Most good traders are usually wrong. They will lose small amounts often and make big amounts occasionally. What matters is how much they make over a large number of trades. Don’t try to always be right, simply work to make money.
Resist doing what feels comfortable
We have a tendency to look for the market to prove our decision is a correct one before we make our move. The problem is that this often means we are too late to capitalize on the opportunity. We have to move before the crowd, and that often feels like a dangerous thing to do.
We have a tendency to look for the market to prove our decision is a correct one before we make our move. The problem is that this often means we are too late to capitalize on the opportunity. We have to move before the crowd, and that often feels like a dangerous thing to do.
Anyone can get lucky in the short term, only good traders succeed in the long term
Don’t confuse making money in the stock market with knowing what you are doing. It is easy to get lucky on a stock or on a sector and enjoy gains that give credence to your analysis method. However, short term winners often give back all of their gains because they fail to recognize their success as luck.
Don’t confuse making money in the stock market with knowing what you are doing. It is easy to get lucky on a stock or on a sector and enjoy gains that give credence to your analysis method. However, short term winners often give back all of their gains because they fail to recognize their success as luck.
Be patient with your winners, not with your losers
The natural tendency is to sell your winners too early and hold on to your losers, hoping for a turnaround. A simple, but not easy, thing to do is reverse this tendency. When the market proves you right, wait to sell on a signal that indicates the stock is likely to go lower. When the market proves you are wrong, let the trade go and take the loss.
The natural tendency is to sell your winners too early and hold on to your losers, hoping for a turnaround. A simple, but not easy, thing to do is reverse this tendency. When the market proves you right, wait to sell on a signal that indicates the stock is likely to go lower. When the market proves you are wrong, let the trade go and take the loss.
Publicly available information is priced in to the stock, don’t rely on it to make decisions
Once information, no matter how good, is made public, it loses its usefulness to you. Public information is priced in to the stock by the market of investors. Information only has value to you if the market has not priced it in.
Once information, no matter how good, is made public, it loses its usefulness to you. Public information is priced in to the stock by the market of investors. Information only has value to you if the market has not priced it in.
Make sure your trading strategy has an edge
A trading strategy is only worth trading if it can be shown that it consistently makes money. Establish your trading rules and test them over a variety of market conditions so you know that it is effective. Time spent testing a strategy to prove it is a money maker can save you a lot of money in the market.
A trading strategy is only worth trading if it can be shown that it consistently makes money. Establish your trading rules and test them over a variety of market conditions so you know that it is effective. Time spent testing a strategy to prove it is a money maker can save you a lot of money in the market.
People lie, markets don’t
I have learned the hard way to never trust what people say, their actions say much more. Learn to read the market and understand it’s message. No matter how much insight a person may have, recognize that they have a bias based on their own emotional attachment to money.
I have learned the hard way to never trust what people say, their actions say much more. Learn to read the market and understand it’s message. No matter how much insight a person may have, recognize that they have a bias based on their own emotional attachment to money.
It is easier to trade with the trend than against it
Understand the mood of the market and trade with it. Don’t chase euphoria, but seek to buy stocks that are in the control of the buyers. Don’t sell on fear, but seek to sell stocks that are under seller control.
Understand the mood of the market and trade with it. Don’t chase euphoria, but seek to buy stocks that are in the control of the buyers. Don’t sell on fear, but seek to sell stocks that are under seller control.
- Gunn’s Golden Rules (MarketWatch)
- I need to do a much better job on this – working on what counts (Gigaom)
- Emerging research is showing a correlation between fat and stupidity (Weakonomics)
- Give and you will receive (James Altucher)
- Most people get enough calcium and vitamin D (Reuters)
- Advice I want to tell my daughters (James Altucher)
- Stop worrying about what others think (Open)
- Goal setting: the 90 day challenge (Michael Hyatt)
- Survival techniques for all entrepreneurs (James Altucher)
(Refer to ‘OUR POLICIES’ in blog archives
if you have any queries)
For further details,
Contact Admin (Analyst) @
(0)9788563656
MESSAGE TODAY
Art at its greatest is fantastically deceitful and complex.
-VLADIMIR NABOKOV, Strong Opinions
RELAX CORNER
Poor Husbands :Position of a Husband Is just like a Split AC …
No matter however Loud he is in the Outdoor…He is designed
to remain Silent indoor…”
Husband is one who is the head of the family,But his wife
is the neck, and whichever way she turns, he goes
“A man in Hell asked Devil:Can I make a call to my Wife?
After making call he asked how much to pay.
Devil : Nothing, Hell to hell is Free.
Husband: Do you know the meaning of WIFE?
It means, Without Information, Fighting Everytime!
Wife: No darling, it means – With Idiot For Ever
Wife: I wish I was a newspaper,So I’d be in your hands all day.
Husband: I too wish that you were a newspaper,
Husband: I too wish that you were a newspaper,
So I could have a new one every day.
Doctor: Your husband needs rest and peace.
Here are some sleeping Pills.
Wife: When must I give them to him?
Doctor: They are for you
Wife: When must I give them to him?
Doctor: They are for you
Wife: I had to marry you to find out how stupid you are..
Husband: You should have known it the minute I asked
Husband: You should have known it the minute I asked
you to marry me.
Wife: What will you give me if I climb the great
Mount Everest ?
Husband: A lovely Push..!!!!
Husband: A lovely Push..!!!!
Meet Jay Herrod.
of the many mysteries surrounding women you may find yourself
wondering if he is some kind of super smart
scientist philosopher guy. He’s not. He’s just a man with a camera
that has some serious knowledge to drop on your ass.
JUST SMS TO YOUR PAL
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