FROM AN EXPERIENCE
Patience is a virtue, and no place does this truism hold more
water than the stock market. When a trader allows doubt,
a facet of fear, to inform his trading decision,
he sets himself up for failure.
The market does not care about the wants of an individual
trader, whereas when making a turn across oncoming traffic,
a mistake may result only in an oncoming driver slamming
on his or her brakes in order to avoid an accident.
The market will not extend such a courtesy.
It will run over anyone and anything between it and
where it is going without as much as an afterthought.
It is the responsibility, not of the market to go where the
trader wants it to go, but for the trader to determine the most
likely course of the market and plan accordingly.
Patience, achieved by a trader monitoring his internal
dialogue, makes it possible.
20 GOLDEN TRADING RULES I DO FOLLOW IN MY DAY TRADE
Add these simple rules to your daily trading and build
consistent profits.
1. Forget the news, remember the chart. You're not smart enough
to know how news will affect price. The chart already knows the
news is coming.
2. Buy the first pullback from a new high. Sell the first pullback
from a new low. There's always a crowd that missed the first boat.
3. Buy at support, sell at resistance. Everyone sees the same thing
and they're all just waiting to jump in the pool.
4. Short rallies not sell offs. When markets drop, shorts finally turn
a profit and get ready to cover.
5. Don't buy up into a major moving average or sell down into one.
See #3.
6. Don't chase momentum if you can't find the exit.
Assume the market will reverse the minute you get in. If it's a long
way to the door, you're in big trouble.
7. Exhaustion gaps get filled. Breakaway and continuation gaps
don't. The old traders' wisdom is a lie.
Trade in the direction of gap support whenever you can.
8. Trends test the point of last support/resistance.
Enter here even if it hurts.
9. Trade with the TICK not against it. Don't be a hero.
Go with the money flow.
10. If you have to look, it isn't there.
Forget your college degrees and trust your instincts.
11. Sell the second high, buy the second low. After sharp pullbacks,
the first test of any high or low always runs into resistance.
Look for the break on the third or fourth try.
12. The trend is your friend in the last hour.
As volume cranks up at 3:00pm don't expect anyone
to change the channel.
13. Avoid the open. They see YOU coming sucker
14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top,
two lower highs and a double bottom.
15. Bulls live above the 200 day, bears live below.
Sellers eat up rallies below this key moving average line and
buyers to come to the rescue above it.
16. Price has memory. What did price do the last time it hit a
certain level? Chances are it will do it again.
17. Big volume kills moves. Climax blow-offs take both buyers
and sellers out of the market and lead to sideways action.
18. Trends never turn on a dime. Reversals build slowly.
The first sharp dip always finds buyers and the first sharp
rise always finds sellers.
19. Bottoms take longer to form than tops. Fear acts more
quickly than greed and causes stocks to drop from their
own weight.
own weight.
20. Beat the crowd in and out the door.
You have to take their money before they take yours,
period. source: internet
(to be contd)
TODAY’S TRADING STRATEGY
OF NIFTY FUTURES – JUNE 6th
WATCH
TODAY
If trades above 5522 for 15 minutes, hike upto
If trades above 5522 for 15 minutes, hike upto
5559-70 is very much possible.Above 5570 it goes upto 5589-94
which is maximum today in a normal opening
Good support (7 DEMA) exist @ 5518 today
Suppose, If cuts 5518 & trades below the level for 15 minutes
see a non-stop slide upto 5473 and if breaks that
too with volume see more slide upto 5461-50
SHARE TIPS TODAY (JUNE 6th)
1) Sell ADANIENT @ 613.25
T – 608.50
2) Sell MCLEODRUSS @ 256.80
T1 – 254.50
T2 – 253.10
3) Sell OFSS @ 2186
T1 - 2176
T2 - 2166
T2 - 2166
Disclosure:
1. Stoploss levels, reverse trades are exclusively
to the subscribers.
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.
UNEMPLOYMENT RATE IS NOW 9.1% IN AMERICA
American employment
situation:
May NFP at 54K,
down from
244K, and not only
below consensus of 165K,
but below the lowest
economist prediction
of 65K.
Private payrolls increased
just 83K on expectations
of 170K.
Manufacturing payroll dropped 5K on expectations
of a 10K rise. The unemployment rate was 9.1%,
although U-6 declined from 15.9% t 15.8%.
The absolute number of unemployed increased
fom 13.747 million to 13.914 million. For the third month in a row
the Labor Force Participation rate remained flat at 64.2%.
-This is why we indicated our Subscribers Friday afternoon…
not to buy anything overnight and hold long.
We will see…What the impact will be today !!!
SIGNS OF DEPRESSION
Trading demands preparation ,concentration and executions.
If your trading is getting worse or making no progress it could
be a sign of mild depression.
Some of the signs of mild depression are :
*Insomnia
*Lack of appetite
*Not wanting to do anything
*Not showering ,shaving or getting dressed in the morning.
*Feeling of inadequacies
*Not wanting to talk to friends
*Consumption of alcohol above normal amount.
*Spontaneous crying
*Need to be left alone
*Not wanting to talk on the telephone when it rings
*Lack of appetite
*Not wanting to do anything
*Not showering ,shaving or getting dressed in the morning.
*Feeling of inadequacies
*Not wanting to talk to friends
*Consumption of alcohol above normal amount.
*Spontaneous crying
*Need to be left alone
*Not wanting to talk on the telephone when it rings
This is just partial list.Should the symptoms become extreme
please see a physician ,,there after excellent medications that
can jolt you out of this condition.In addition there after
some homeopathic remedies that just might to the trick.
1)Take a three to five day break and do not watch the monitor
or the charts at any time.
2)Begin an exercise program-this increases the production
2)Begin an exercise program-this increases the production
of endorphins in our brain ,which help raise our spirits.
3)Find a hobby to take your mind off your woes.
4)Begin a positive thinking program into your daily
routine-such as Tony Robbins-Personal Power Program.
5)Do something to help someone much more challenged than you.
5)Do something to help someone much more challenged than you.
Battered wives and battered children,the homeless ,
blind elderly people ,etc.
6)Change your diet to eat only wholesome foods with no additives.
No soft drinks ,alcohol ,high sugar deserts.
Flood your body with water ,fresh fruits and vegetables
and small amounts of protein.
You do not need to devote a lot of time to any of these but a
little of each one will yield recognizable results.
If the conditions gets worse see your physician !
MISTAKES BY THE INVESTORS
Another mistake many investors make is that they allow
themselves to be influenced by what other people think.
I made this mistake myself when I was still learning how
to trade. I became friends with a broker and opened an account
with him. We played this game called “bust the other guy’s
chops when his stock is down.” When I had a losing stock
position, 1 was embarrassed to call him to sell the stock
because I knew he would he would ride me about it.
If a stock I bought was down 5 or 10 percent, and I thought I
should get out of it, I found myself hoping it would recover so
1 wouldn’t have to call him to sell it while it was down.
Before I knew it, the stock would be down 15 or 20 percent,
and the more it fell, the harder it became for me to call.
Eventually, I learned that you have to ignore what anybody
else thinks.Many people approach investing too casually.
They treat investing as a hobby instead of like a business;
hobbies cost money. They also don’t take the time to do a
post-trade analysis on their trades, eliminating the best
teacher: their results. Most people prefer to forget about their
failures instead of learning from them, which is a big mistake.
They let their egos get in the way.
An investor may put in
hours of careful research building a case for a company.
He scours the company’s financial reports, checks Value Line,
and may even try the company’s products. Then, soon after
he buys the stock, his proud pick takes a price dive.
He can’t believe it! He makes excuses for the stock’s decline.
He calls his broker and searches the Internet, looking for any
favorable opinions to justify his position.
Meanwhile, he ignores the only opinion that counts:
the verdict of the market. The stock keeps sliding, and his
loss keeps mounting. Finally, he throws in the towel
and feels completely demoralized – all because he didn’t
want to admit he had made a mistake in timing.
- Anirudh
(Refer to ‘OUR POLICIES’ in blog archives
if you have any queries)
For further details,
Contact Admin (Analyst) @
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-BERTRAND RUSSELL
RELAX CORNER
DIFFERENCE BETWEEN MEN &WOMEN
JUST SMS TO YOUR PAL
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சுவாà®®ி ‘டுà®®ீல்’ டுபாகூà®°ானந்தா
சீடர்: வாà®´்க்கை இன்பமயமாவது
எப்போது சாà®®ி..?
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Disclaimer
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புண்படுவதல்ல...
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வேà®±ொன்à®±ுà®®் à®…à®±ியோà®®் பராபரமே..
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