A VOLATILE WEDNESDAY...?

FROM AN EXPERIENCE

Do you need to long or short the market today?

If you’re a day trader, forget this question and ignore this. 

But if you’re a positional player, perhaps having a holding period

of at least 5 sessions, the above question is necessary.

Let us ponder.

1. What are your chances of success 

(initiating a trade that will eventually turn into a satisfactory profit)? Since you’re going to hold for several sessions, possibly facing several opening gaps along the way, might as well establish a position that you’re going to sleep with. So, unless you get the price you’re comfortable with, stay aside. Particularly practical with long holidays.
2. Is this your original plan? 

Are you trading according to your overall strategy or purely intraday impulse? I don’t think its very difficult to tell the difference. If you trade base on intraday impulse, you get a little more excited than usual.
3. ‘I have been dormant for some time, and I seriously need to do something’. 

The degree of this itchiness varies according to individuals. If you come from a day trading background, you’ll have a tougher time adjusting. After all, the mindset of ‘If I don’t do anything, I am not going to make anything either’ is in every human’s mind. Think about it. Position trading involves much passiveness, so technically, after establishing a position, you are dormant in some way.
4. ‘I am sure this is a solid short term opportunity’. 

I think this is the mother of all trading sin. Of course, this does not apply to day traders. But if you’re now a positional trader, stay a positional trader. Learn to let go the small fish.

Discipline is paramount for success over the LONG term. Every trader has a limited amount of capital (money) available to trade. The trader without discipline will make trades, be quick take the profit when he is right, and call his trade an investment when he is wrong. 

This action of cutting winners and letting losers run will almost certainly eventually lead to trading capital being wiped out. The natural tendency in humans is to take profits.  Learning to cut losing positions and let winners run is a skill that must be developed. 

 Have you ever caught yourself saying any of the following statements to justify inaction on cutting a losing position?

•  I am holding on to this trade and hoping it recovers 
• If I didn’t own it already I would be buying it here
• I just want to get back to break even and then I will get out
• The market is wrong

Everyone has said these things at some point in their trading lives, but let me tell you, any time your position requires HOPE it is likely HOPELESS!

If you say I would buy it here and you don’t want to buy more – you may be better off selling what you have!

The market doesn’t know or care what price you bought a position. The market price of a stock is the value of that stock right here, right now!  Even though the market presents opportunities, market pricing is not WRONG. 

While I am not giving buy sell or hold advice, I would strongly recommend that when you find yourself staring at a losing position consider selling it! If you  close it out completely,  you can really make an honest determination when you ask yourself, “Do I REALLY want to own it here?” 

Too often I see traders let their existing positions do the talking for them. Don’t fall into that trap!

10 TRADING COMMANDMENTS

Discipline rumps conviction.Don’t let your bad trades turn into investments.

Perception is reality in the market. Adapt your style to the market, and learn to accept the market as it is, not how you wish it was.

Play great defense, not great offense. Opportunities are made up easier than losses.

Don’t confine your thinking in terms of boundaries. Expect the extreme, and don’t miss major profit opportunities.

Know your companies. Hold your stock as long as it is performing properly, cut your losses fast, and don’t “hope” for a rebound.

Risk control is important. Always quantify your risk going into a trade.

Be diligent and thorough in your research. Do your homework, recap each day, and learn from your mistakes.

Don’t get caught in a situation in which you could lose a great deal of money for reasons you don’t understand.

Respect the price action, but never defer to it. When unsure, trade “in between.”

Emotion is the enemy when trading. Be greedy when others are fearful, and fearful when others are greedy.

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES – JAN 12

 

Resistance today @ 5828-5838-5848

If trades below 5807 for 15-20 minutes,

watch a non-stop slide upto 5787-76-66

Only if sinks with volumes 5746-25

would be reached.

More details exclusively to the subscribers.

A very volatile session is expected anyway.

Brutal fight going to happen between

Bulls and Bears in today’s session.

Butterflies and cats can stay away better.

BANK NIFTY

Buy btwn 10986-11015     

T1 – 11063-86  

T2 – 11100-109

T3 – 11138

Sell btwn 10893-64       

T1 – 10818-794      

T2 – 10779-70   

T3 – 10741

SHARE TIPS TODAY (JAN 12) 

1) Sell ZYLOG @ 354.25 

    T1 – 350.80 

    T2 – 347.60

    T3 – 344.75 - 340.50

2) Sell BOMBAYDYEING @ 439.40

    T1 – 435.30 

    T2 – 431.25

3) Sell ABAN @ 702.70

    T1 – 696.10

    T2 – 693.10

4) Sell JINDALPHOT @ 195.25

     T1 – 193.20

     T2 – 190.50

5) Sell AMBUJACEM @ 126

     T1 – 124.50

     T2 – 123.50

6) Sell LUPIN @ 451.25

     T1 – 446.25 

     T2 – 441.60

7) Sell HDIL @ 160.35

     T1 – 158.70

     T2 – 157.70

   

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.STOPLOSS LEVELS, REVERSE TRADING

  & MORE INTRADAY TIPS IN MARKET HOURS

   XCLUSIVELY TO THE SUBSCRIBERS

Disclosure:

Solely I have all the rights to stop the free trials

provided in this space at any moment.

Pls subscribe as soon as possible,

join hands with us and enjoy.

AN ASTRAL VIEW OF MARKET TODAY

Consider 10 minutes plus and minus in each prediction, and act accordingly.

Compare the next prediction with the prediction of the previous time slot.

The predictions that you see every day on the website are written one week in advance. Advise is to take benefits from them.

The dates of high-volatility and wide fluctuation in January-2011 are: 3 (23.10), 4 (Solar Eclipse) (-11.25), 5 (-66.55), 7 (-143.65), 12, 12, 18, 24, 27, 31

You may go through the predictions with the yearly graph and the starting lines of last week predictions to ascertain the accuracy of the astrologer.

The Moon is in Revati nakshatra of the Rashi Meen.

 9.15 to 11.45: The figure of Nifty will be similar act both this times. Which indicates that it may make you job on the downside first and then on the upperside with wastage of time.

11.45 to 13.15: Nifty will trace a path like the English 'W' so try to maintain a position accordingly.

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

THE PSYCHOPHYSIOLOGY OF TRADING

The paper is old (2002) but still interesting. Andrew W. Lo and Dmitry V. Repin in “The Psychophysiology of Real-Time Financial Risk Processing” report the results of their experiment to measure the emotional responses of ten traders—five highly experienced and five with low to moderate experience. They wired up these traders to plot real-time changes in their skin conductance, blood volume pulse, heart rate, electromyographical signals, respiration, and body temperature.
Although the sample is very small and hence just a first stab, the authors noted some significant differences between the two types of traders. The less experienced traders, for instance, seem to be more sensitive to short-term changes in such market variables as deviations and trend reversals. Both sets of traders, however, saw spikes in their blood volume pulse in the face of volatility events.
Lo and Repin conclude that “emotion is a significant determinant of the evolutionary fitness of financial traders.”

AN IQ TEST FOR TRADERS (PATTTERN RECOGNITION)

Useful in reading charts.
Here’s the link:
http://www.mmm.pri.ee/iq/test1.html
Note: There’s a time limit.

Hope is a four letter word.An appropriate acronym for H.O.P.E could be ;

Having

Our

Prayers

Expected.

False hope is a great source of misery and not just in the trading arema.
Prayers are always good by keeping in mind that some of Gods greatest gifts are her unanswered prayers.

Hoping is a sign that the trades has no control over this position.Traders should never be hoping and always trying to control the amount of risk at stake at all times.Always trading-never hoping should be a traders’s motto.

THE IMPACT OF YOUR FINGER LENGTH IN TRADING?

In a study by Concordia University which analyzed the difference in length between the index finger and ring finger can determine risk taking and financial success; however, it applies to men only. It also signifies high levels of prenatal testosterone.risk-taker the man is.

(Refer to ‘OUR POLICIES’ in blog archives if you have
any queries)

For further details,

Contact Admin (Analyst) @

(0)9788563656

MESSAGE TODAY

Who has self-confidence will lead the rest.

                                                    -HORACE, Epistles

RELAX CORNER

JUST SMS TO YOUR PAL

Am I getting smart with you? ....How would you know?

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.

SHUDDERING TUESDAY...???

 FROM AN EXPERIENCE

 MY TRADING RESOLUTIONS THIS YEAR:

• Think for myself
• Stay focused on the reasons why I bought a stock and sell when those reasons are no longer compelling
• Don’t let successful trades turn into losses
• Be ruled less by emotion and fear and more by logic and knowledge
• Read some good books on trading
• To avoid being whipsawed, I will give myself more room for the trade to work
• Follow my own rules
• Be easier on myself when I screw up and don’t let my ego inflate when I’m right
• Don’t force trades – there will always be another opportunity
• Honor thy stops!
• Stop chasing hot and popular stocks
• Do my own research
• Keep learning
• Learn to be less nervous and take more risks
• Remember that lost opportunity is better than lost capital
• Trade less – don’t overtrade
• To try and limit the number of opinions I allow to affect my trading. Paralysis by analysis has hurt me
• Avoid any trade where I use the word “hope” in my reasoning process
• To follow my logical, well-conceived, long-term game plan, without making irrational changes due to short-term market conditions
• Tune out the daily noise and useless banter
• Reduce the number of positions currently held
• Have more faith in my own abilities
• In trading, learn to be fearless
• Don’t be too greedy
• Slow down!
• Incorporate the use of smart trailing stops
• Use ETFs to properly diversify
• Remove my ego from my trading decisions
• Avoid getting easily frustrated or impatient
• Control and limit my losses
• Focus on making the next trade, instead of the last one
• I will not average down into losing positions
• Create more careful and detailed records with a commitment to review them regularly
• Learn to incorporate a systematic screening method like you
• Use emotions (both personal and market) to my own advantage
• Know my exits before making any trade
• Don’t be swayed by the latest and greatest strategy I hear about
• Keep it simple. Complex strategies are no better
• Avoid crowded trades
• Take time to look for reasons NOT to buy
• Let profits run longer. take losses quicker
• Trade what I see, not what I want to see
• Be more proactive and react faster to situations I find
• Make bigger, but less frequent trades
• Stay patient
• Focus on value of companies and not on the temporary market emotions
• Be more nimble
• Keep better notes
• Adopt an opportunistic versus a rigid bull or bear bias toward the market
• Enjoy the game more
• To quit counting the value of my account on a daily basis
• Stop looking for the holy grail
• Figure out what trade related information to consume on a daily basis and keep what is useful and leave out that which is not
• Avoid information overload by limiting what I read
• Don’t read stock blogs
• Turn off the TV and dedicate more of my time to become a better trader
• Set up a lazy portfolio
• Focus on proper asset allocation
• Never forget that “when you are through learning you are through”
• Recognize mistakes early, exit, and move on
• Take partial profits routinely, but keep money on high-performing stocks
• Follow my system
• To screen & scan my watchlist in a consistent manner each and every time
• Take routine breaks away from the market to refresh and gain more perspective
• Add more fundamental research to my technical research
• Concentrate on finding just one really good idea per year like Warren Buffett
• Stop searching for shortcuts or quick fixes – take baby steps
• Read at least 3 more trading books in next 3 months
• Focus, focus, focus – ignore all outside distractions
• When a strategy works, have the courage to follow it through, when it does not work, to have the wisdom to stop trading
• Find and exploit long-range sector themes
• Open my ears and keep my mouth shut
• Never panic
• Be humble

EMOTIONS THAT DIKTAT US IN TRADING & AS WELL AS  LIFE

  
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!!!

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES – JAN 11 

 

Last Hope for Bulls as per EOD chart @ 5714 today.

However bears rule started already …

We going to watch more blood bath after this .

Any bounce is a DEAD CAT BOUNCE for sure.

 
So SELL SELL SELL on every rise to be in a safer side.

Intraday targets of Nifty Futures from here on (5746)

T1 – 5719

T2 – 5686

T3 – 5676-66

T4 – 5648

Trailing Stoplosses and maximum profit snatch can be

updated only to the subscribers.

Even then, Risk loving traders can have an eye on the 

other side (positive), for it may too have some intraday profits.

(i.e.) If Nifty Futures manages 
to trade half an hour above

5770 crossing the level
with good volumes

we can book some profit in that 
dead cat bounce too

@ 5800-28 
(IF AND ONLY IF THIS HAPPENS)

So please do not trade blindly.

               

BANK NIFTY  

Buy btwn 10713-42   

T1 – 10787-810 

T2 – 10825-34

T3 – 10862

Sell btwn 10619-591        

T1 – 10544-521     

T2 – 10508-498   

T3 – 10469

  

SHARE TIPS TODAY (JAN 11) 

1) Sell KOTAKBANK @ 412.20

    T1 – 408.25

    T2 – 404.50

2) Sell TATASTEEL @  650

    T1 – 645.70

    T2 – 641.60

3) Sell JSWSTEEL@ 984.75

    T1 – 976.10

    T2 – 968.70

4) Sell TATAMOTORS @ 1175

     T1 – 1165.25

     T2 – 1158.70

5) Sell TORNTPOWER @ 254.85

     T1 – 253.10

     T2 – 252.25

6) Sell  JINDCOT @ 101

     T1 – 99.05

     T2 – 97.05-96.05

7) Sell ARSSINFRA @ 692

     T1 – 686.90

     T2 – 680.75

8) Sell GARDENSILKS @ 104.50

    T1 – 102.60

    T2 – 100.70

9) Sell KIRIDYES @ 380.90

     T1 – 376.50

     T2 – 374.55

10) Sell JINDALPHOT @ 206.10

      T1 – 204.25

      T2 – 202.75

      T3 – 200.10

   

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.STOPLOSS LEVELS, REVERSE TRADING

& MORE INTRADAY TIPS IN MARKET HOURS

 EXCLUSIVELY TO THE SUBSCRIBERS

Disclosure:

Solely I have all the rights to stop the free trials

provided in this space at any moment.

Pls subscribe as soon as possible,

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 advice is to compare the next prediction with the prediction of the previous time slot.

The predictions that you see every day on the website are written one week in advance. The astrologer advises you to take benefits from them.

 The dates of high-volatility and wide fluctuation in January-2011 are:

3 (23.10), 4 (Solar Eclipse) (-11.25), 5 (-66.55), 7 (-143.65), 

12, 12, 18, 24, 27, 31 

You may go through the predictions with the yearly graph and the starting lines of last week predictions to ascertain the accuracy of the astrologer.

Today Moon is in the Uttara bhadrapada nakshatra of the Rashi Meen.

 The pre-open market will be up but it will slide down suddenly from where ever it opens. This may happen at around 9.55 hence he advises caution.

14.30 to 15.30: This is a time slot of 2 up jumps and 2 down slides.  

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

 TRADING THOUGHT

“We know that the random element in
the market represents at least 40 to 60 percent

activity. Therefore, it’s not logical to look at
every tick or to think that every tick or every
chart formation has meaning. They don’t. 
There are too many traders trying to look at
the markets from too stringent an analytical viewpoint.
Most of what happens in the markets is meaningless. 
Why try to interpret every little movement, every little reversal,
every little tick? In trying to do too much, they’re actually paying 
too much attention to the market. You have to keep a distance
from the market. Only then will you have the psychological
resources to let your profits ride. You won’t be looking at 
every tick and interpreting it in a fearful way.”

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

For further details,

Contact Admin (Analyst) @

(0)9788563656

MESSAGE TODAY

Confidence is a fine trait. Overconfidence isn't.

LAURELL K. HAMILTON, Obsidian Butterfly

RELAX CORNER

JUST SMS TO YOUR PAL

  
 The longest sentence known to man: "I do." 

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.

MMM..MONDAY AGAIN ???

FROM AN EXPERIENCE  

 

TRY TO ANSWER THESE WITHIN AND PROVE YOURSELF
THAT YOU ARE A TRADER NOT A GAMBLER!!

How many of you never seem to win consistently?

How many of you hold on because you did have some winning 

days which means you have potential?

How many of you tell yourselves that its not an addiction,

its just a passion you have?

How many of you keep on replenishing your
trading accounts because just like any business,you always
lose money at the start?

How many of you tell yourselves your losses are the BEST THING 

that ever happened because that's the best way to learn?

How many of you think of crafty ways to get some
extra money wired

into your trading accounts?

How many of you say you would have won if you only

“stuck to your discipline”?

&

How many of you are just waiting 
FOR THAT SPECIAL DAY

WHEN EVERYTHING FINALLY CLICKS AND YOU’VE

FINALLY FOUND THAT EDGE?

How many of you fall into a depression and feel as if someone 

has hit you in the heart with a hammer aftr a big loss.

&

How many of you cannot wait for the next day
to make some money back?

My favorite: 
“tomorrow is a new day and i will start fresh, 

a new trading style that will be disciplined”.

There are many guys that make lots of money trading for a living..

really, you seriously believe that?

 “In The Trading Tribe, Ed Seykota extends his paradoxical insights about trading and life. ‘We need to experience our feelings. If we resist them, we wind up creating dramas in our lives and in our trading so that we have to experience them.’” 

“Everyone knows traders who violate their rules, second guess their systems, give up on winners, stick with losers, and swear they won’t do it again…. Rather than counseling strength, steely discipline, or automation, Ed again turns apparent common sense on its head,. He encourages traders to embrace and celebrate their feelings, especially the ones they are unwilling to feel.”“‘Win or lose, everybody gets what they want from the market. Some people like to lose, so they win by losing money….’

YOU NEED TO BE RIGHT TO MAKE MONEY ?

- I DON'T THINK SO ALWAYS

, mline, odds, stress, successful traders, trades, uncertainty, unshakable belief

You have to do the mental work to let go of the need to know 
what is going to happen next or the need to be right on 
each trade. In fact the degree to which you think you know, 
assume you know, or in any way need to know what is going to
happen next, is equal to the degree to which you will fail as a 
trader. 

Mark Douglas

The most successful traders have found a way to inoculate 
themselves from the stress of trading, and from the outcome of 
their most recent trades. Here’s how they do it: 
They have an unshakable belief in the fact that 

1) While the outcome of any given trade is uncertain they 
believe in their edge over a series of trades. In other words 
they know the expectancy of their method and have confidence 
that over a series of random outcomes, the odds are in their favor. 

2) Anything can happen! In other words they have learned to 
think of every trade like tossing a coin – they don’t need 
to know what will happen. They don’t expect to either win or 
lose. This firm belief in the uncertainty of any given trade, 
while knowing that over a series of trades you will be 
profitable, is very liberating. When you learn the mental discipline 
of letting go of the result of any individual trade you keep your 
mind in a state where it can easily perceive the opportunities that 
the market is offering. It is not distracted by focusing on your 
expectations of what you think should happen – it can perceive 
what is most likely to happen.

The Body/Mind Connection

 

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES – JAN 10 

 

If breaks 5884 see a non-stop slide upto 5855

and then upto 5836-25

On the other side, if Nifty Futures does not breaks 5892,

manages to cross 5912 and sustain above the level

for 15-20 minutes see a hike upto 5950-60-80

If that too crossed with volume, see more hike upto 6003.

However, chances are very remote in this side today unless 

a good gap-up opening occurs.

                

BANK NIFTY   

Buy btwn 11094-121  

T1 – 11165-87 

T2 – 11200-09

T3 – 11236

Sell btwn 11005-10978       

T1 – 10934-12      

T2 – 10899-91  

T3 – 10863

SHARE TIPS TODAY (JAN 10) 

1) Sell ABAN @ 766

    T1 – 761

    T2 – 755

2) Sell BINANIND @ 241.90  

    T1 – 239.75    

    T2 – 238.50

3) Sell ACC @ 1001

    T1 – 993.50

    T2 – 987.80  

4) Sell TATAMOTORS @ 1189  

     T1 – 1184-75

     T2 – 1165

5) Sell GRAVITA @ 244

     T1 – 241

     T2 – 238

6) Sell SBIN @ 2597

     T1 – 2585

     T2 – 2575

7) Sell HINDALCO @ 233

     T1 – 231.10

     T2 – 230.10

8) Sell AXISBANK @ 1279

    T1 – 1269

    T2 – 1264-53

9) Sell LT @ 1844

     T1 – 1834

     T2 – 1830-25

10) Sell RELINFRA @ 828

      T1 – 821.20

      T2 – 816.20

11) Sell EXIDEIND @ 158.60

      T1 – 156.50

      T2 – 155.25

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.STOPLOSS LEVELS, REVERSE TRADING

& MORE INTRADAY TIPS IN MARKET HOURS

 EXCLUSIVELY TO THE SUBSCRIBERS

Disclosure:

Solely I have all the rights to stop the free trials

provided in this space at any moment.

Pls subscribe as soon as possible,

join hands with us and enjoy.

GOVT SECURITIES AUCTION DEVOLVES ON BOND HOUSE

 

A sharp rise in food inflation hit the auction for government securities worth Rs 11,000 crore today, forcing bond houses to buy unsold portion.

The government was to raise Rs 11,000 crore by selling three kinds of securities. The Reserve Bank of India, which conducted auction, fixed high cut-off yield points (low price) than market expectation.

The sharp rise in wholesale food inflation influenced market sentiment. Both led to partial devolve, dealers said.

The three kinds of bonds on offer were bonds maturing in 2017 (7.49 per cent) for Rs 4,000 crore, bonds maturing in 2020 (7.80 per cent) for Rs 4,000 crore and those which are to be redeemed in 2027 for Rs 3,000 crore.

RBI accepted 33 bids amounting Rs 2,501.7 crore for bonds maturing in 2020. This would mean primary dealers (bond houses) who have under-written the auction, will have to purchase unsold bonds amounting Rs 1,460 crore. Also, in the case of 2017 bonds, bond houses would have to pick up bonds for Rs 723.50 crore.

The wholesale food inflation saw a sharp increase to 18.32 per cent for the week ended December 25, primarily due to a steep rise in onion prices. The inflation rate is at a 23-week high, much above the expectations of analysts and policymakers.

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 dates of
high-volatility and
wide fluctuation

in January-2011 are:

3 (23.10),
4 (Solar Eclipse) (-11.25), 

5 (-66.55), 7 (-143.65), 
12, 12, 18, 24, 27, 31

Nifty will catch an upward trend after 21-01-2011.

Till then it will hover in the consolidation area.

   

Today the market seems strong, but tomorrow's weightage is zero,

which you might have observed from the graph. Be cautious.

   

From today, Mars is in its exalted sign Capricorn and

Moon is in the Purva Bhadrapada Nakshatra of Rashi Meen.

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

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

For further details,

Contact Admin (Analyst) @

(0)9788563656

A (TRADERS) MUST WATCH FILM

 

You must see this movie.

People lament the decline of the print news media, the victim of computer culture. The trading floors of the exchanges have also had a sharp decline in the number of floor traders who populate the floor, as the trading business is being increasingly facilitated by computers.

In 1992, there were 10,000 traders on the floors in Chicago, today there are only a few hundred and 95% of the volume is electronic. James Smith, the producer of “Floored,” the movie, examines the life of past and present traders both off and on the floor.

He discusses the culture, environment, wins, losses, personalities and future of traders, past and present. He pays close attention to the struggles the ex floor guys are having without the edge that the pit gave.

He examines the character of the players involved, and lets them reminisce about their floor days. He compares and contrasts the differences between local traders and computer traders. He interviews ex floor traders trying to make it on the screen. 

He pays particular attention to the off floor lives of traders and gives them a free reign in telling their stories. The stories are great as everyone that was successful in the pit has a great story, and ego to boost. 

The movie has many great shots of the action in the pits a few years ago and today. Many of the floor traders don’t realize that they’re subjects of the forces of natural selection, just like any other creature in nature.

One of the interviewees said that a big difference between watching the pit and watching a screen would be equivalent to watching an entire football game on TV or just watching the scoreboard. This, and many other observations bring clarity, and numerous trading lessons that might be useful to anyone interested in trading. 

Also interesting to note is the obvious lesson in humility that is learned by ex-denizens of the trading pits. “Floored” is 87 minutes long, and can be found in its entirety in 8 segments, here.

(I highly recommend this movie to anyone interested in trading, futures, trading floors, etc. It’s a 150 year old way of life that’s sadly disappearing very quickly.)

Incidentally, for what it’s worth, there’s still some floor action in the cattle and hog markets, which have resisted the encroachment of electronic trading to some degree. Also, many options are still primarily traded by open outcry.

SELF CONTROL AND DISCIPLINE

After the trader has learned the mechanics of trading, we then enter into the world of Greed & Fear.

When you have your trading system in place, and know all about technical analysis, money management, probability, risk to reward and all the other components needed to be a successful trader, we are then introduced to our two friends Mr Greed and Mr Fear.

Greed and Fear = Emotions

It is sad to say this is the area that most traders cannot master, and if there was ever a secret attached to trading, this has to be one of the biggest, just behind money management.

If the trader can stay focused, and still show discipline to take the trades their system is generating after a string of losses then this is a quality that will result in becoming a great trader.

Most traders will be deeply affected after taking a few hits, and their discipline will waver by making changes to the plan. These changes mainly come in the form of exiting too early, cutting the trade’s potential for the need to be correct. Not realizing that doing this reduces the profits on the winners, and places the whole money management plan in jeopardy.

Handling a string of losing trades is not the only hazard because landing on a winning streak will places demands on your discipline.

A trader is most vulnerable when they start thinking this is easy, and start to take their foot off the pedal. Reading about some of the best traders in history reflects on some of my own experiences, that the biggest losses come very shortly after some of the biggest wins or a run of wins.

The fear factor will increase after every losing trade and the greed factor pops up after winners.

Very few traders are content with the results of every trade, they always think they could have won more on winners and reduced the amount on losers.

(Remember you will never find the tops and bottoms consistently, but all you need is that part in the middle to be profitable.)

Mr Fear and Mr Greed

Fear and greed, will play extraordinary tricks with your emotions but only through self control and discipline will you be able to control them.

Everybody has different levels of fear and greed, some people show no fear at all whatever they are doing, and then you get the others that are so greedy they will literally do anything. Having a balance between the two will be easier to control.

It`s without doubt, trading is a test of emotional control as the price swings up and down.

Without doing the ground work and arming yourself with the correct trading education, the diagram below highlights the emotions the trader will experience.

The only way we can control these emotions is to have complete faith in the system we are trading and understand that part of the system (plan) means that there will be losing trades.

To have undoubted faith in your trading system does not come cheaply in time and effort, the need for testing is really important. You should back test and forward test until you have conditioned your mind to accept all the possibilities that can be thrown at you.

Only then will you be able to dispatch Mr Fear and Mr Greed out of the equation, and trade with complete discipline.

But..?

How many traders will ignore this advice and jump in to soon, because of impatience and the lack of respect to their educational needs in conditioning their minds?

Self control and discipline is what makes a good trader, if they can hold their hands up at the end of the month and be true, by saying, I have traded my system without any deviation from the plan, then the future is looking good.

Trader’s that show discipline in their everyday life usually bring this quality to their trading business.

BUFFETT Vs SOROS

MESSAGE TODAY

Creativity is the sudden cessation of stupidity.
                                                                -EDWIN LAND

RELAX CORNER

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."

The villagers rounded up with all their savings and bought all the monkeys.

They never saw the man nor his assistant, only monkeys everywhere!

Now you have a better understanding of how the FIIs works.

 

JUST SMS TO YOUR PAL

 Always remember you're unique - just like everyone else.

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