FROM AN EXPERIENCE
In general, I find there are two kinds of traders. The first kind trades visually, from patterns that are evident on visual inspection. Those include chart patterns, oscillator patterns, Elliott waves, and the like. Their trading decisions are discretionary, in that they elect to buy, hold, and sell based upon their perception of patterns and their judgment as to their meaning.
The second kind of trader distrusts visual inspection. Such traders are more likely to buy into the behavioral finance notion that unaided human perception and judgment are subject to a variety of biases. Accordingly, these traders use some form of historical/statistical analysis and/or system development to test ideas and trade only those that test out in a promising way.
Now here’s the interesting part: The first group of traders almost universally put requests to help them tame their emotions. They have problems with impulsive trading, failing to honor risk limits, failing to take valid signals due to anxiety, etc.
The second group of traders, having researched successful strategies, almost put a request to help them take maximum advantage of their edge. They want help taking *more* risk and trading larger positions.
The trading psychology literature focuses strongly on the first group of traders, because much of the universe of retail traders falls into this category. At many investment banks and hedge funds, however, visual trading is practically non-existent.
If you don’t have a model with a demonstrable edge, you don’t trade. Such traders tend to have solid analytical strengths, but are not necessarily risk-takers.
So there you have it: some traders are risk-takers without a demonstrable edge; other traders are researchers who find an edge but have trouble assuming the risk of trading it. The true rarity is the trader who has both head and gut: the ability to find an edge and the fortitude to trade it aggressively.
(to be contd)
A GENERAL VIEW:
An upward corrective wave (for the fall happened from 5760 - that can be considered as a major turning point for short term) should come today-AUG 22) or by this week (i.e. within AUG 26)
OVERALL SUPPORTS FOR NIFTY FUTURES BELOW 4913 ARE @ 4900, 4888-78, 4840-30-25, 4775 - This will not change everyday
INTRADAY TIME STRATEGY
OF NIFTY FUTURES TODAY– AUG 22
In normal opening,
Intraday Resistances today @ 4875-4927-64
OF NIFTY FUTURES TODAY– AUG 22
In normal opening,
Intraday Resistances today @ 4875-4927-64
Intraday Supports today @ 4845-24-17
In case of a normal opening, (i.e +/- within 14 pts from the Previous Close) the first low will be registered @ 9:30a.m
In case of a normal opening, (i.e +/- within 14 pts from the Previous Close) the first low will be registered @ 9:30a.m
There a bounce would come that treks Nifty futures upto 10:20a.m and a small pull back rally (downside) of 25 pts would come in the next 15 minutes upto 10:35 and again a bounce back occurs.
At 11’o’clock a high will be registered and a fall from this time would break the previous low for sure.
WARNING: These time factors are applicable if and only if Market opens NORMAL.
WARNING: These time factors are applicable if and only if Market opens NORMAL.
What if Nifty faces a GAP-DOWN opening?
Suppose if Nifty Futures opens below FRIDAY’s low (4801.10) it tries a small jump upto 9:35a.m,and slides to register a new LOW @ 10’o’clock.
Suppose if Nifty Futures opens below FRIDAY’s low (4801.10) it tries a small jump upto 9:35a.m,and slides to register a new LOW @ 10’o’clock.
From there a SHARP BOUNCE BACK (hike of 135-150 pts) comes so that market would have a hike upto 1:15p.m creating a new intraday high.
And from 1:20 to 3:00p.m we can see a slide of 100 points from the new high and from 3 - 3:30p.m a small pull back of 30 points would come.
WARNING: These time factors are applicable if and only if Market faces a GAP-DOWN opening below Friday’s low
And from 1:20 to 3:00p.m we can see a slide of 100 points from the new high and from 3 - 3:30p.m a small pull back of 30 points would come.
WARNING: These time factors are applicable if and only if Market faces a GAP-DOWN opening below Friday’s low
What if Market finds a GAP-UP opening around 4870?
You would have noticed how perfectly time theory works for the past 2 weeks as mentioned in the previous posts - NOW OUR SUBSCRIBERS ARE -------> IT IS TIME TO THINK OUT OF THE BOX
See the WORLD behind the world you see everyday - this is the only way to success in any business.
BELIEVE IT OR NOT...
Do you trade using Price, Volume, Patterns, Retracements, any arithmetic calculations, Break-out theories, Momentum, Oscillators,
Histogram indicators, moving averages, EPS, P.E ratios, blue channels announcements, etc..etc..etc..etc..?
I could say 100% it is of NO USE - Definitely you would never get consistency in making profits even for 5 consecutive days
Movement of market or share prices purely based on TIME and nothing else - Based on that, I could surely say on every hour there is a huge profit in stock market
&
We are going to prove it LIVE with NIFTY FUTURES & OPTIONS in Cuddalore, (Tamil Nadu,India) very soon in front of a great audience challenging every trade
&
We are going to prove it LIVE with NIFTY FUTURES & OPTIONS in Cuddalore, (Tamil Nadu,India) very soon in front of a great audience challenging every trade
DATE, PLACE & TIME WILL BE ANNOUNCED IN DAILY MAGAZINES AND IN THIS SITE SOONER or LATER
AGAIN AN OPEN CHALLENGE
TO ANYONE IN STOCK MARKET COMMUNITY
No WEBSITE, BLUE CHANNELS, ANALYSIS in the country for any market in any part of the world gives much accuracy and predictions with appropriate timing as we give…
Show us if any and win a LAKH worth FREE TIPS with 100% guarantee of your investment.
Yes...We are damn serious..
The reason behind all this is, we do have a 'MANTHRA' with us practicing every day, every minute called ‘STRENUOUS WORK’
Show us if any and win a LAKH worth FREE TIPS with 100% guarantee of your investment.
Yes...We are damn serious..
The reason behind all this is, we do have a 'MANTHRA' with us practicing every day, every minute called ‘STRENUOUS WORK’
JUST CHECK OUT EVERY WEEK IN THE VERY SAME SPACE; JOIN HANDS SUBSCRIBING US AND HAVE SOME 'YO-YO' WEEK END EVERY FRIDAY EVENING BUDDIES..
SHARE TIPS TODAY (AUG 22)
1) Sell INVENTURE @ 165.25
T – 154.50
T – 154.50
2) Sell WABAG @ 399.90
T – 392.75
3) Sell VOLTAS @ 115.10
T – 111.75
4) Sell GTOFFSHORE @ 137.25
T – 134.75
Disclosure:
1.Entry time, Stoploss levels, average points (if needed), reverse trades - exclusively to the subscribers.
2. Solely I have all the rights to stop these free tips 1.Entry time, Stoploss levels, average points (if needed), reverse trades - exclusively to the subscribers.
at any moment.
ATTENTION COMMODITY TRADERS:
WARNING OF GOLD MARGIN HIKE BY THE BROKERS
The first shot was fired in Friday’s battle with daily record gold prices. IB always tends to be a few minutes ahead of the CME. And following last week’s 22% margin hike in gold, we are confident the CME will do everything in its power to pull a “silver” on gold. Are we about to experience a barrage of margin hikes in gold? Stay tuned and find out.
Interactive Brokers bulletin boardTo HKFE,HKMEX,NYMEX,NYSELIFFE traders:
Fri Aug 19 13:29:35 2011 EST
As a result of the volatile trading environment at the present time, please be advised that Exchange margins and House margins are likely to increase over the next couple of days. For exchange-specific increases, please visit the respective websites. IB will also be increasing the gold derivatives margin. Please monitor any affected holdings closely and manage your risk accordingly.
WHY MONEY SHOULD NOT GET BLOCKED?
Here is a simple example.. One day a tourist comes to the
only hotel in a debt ridden town.
only hotel in a debt ridden town.
Lays a Rs1000 note on the
table & goes to inspect the
rooms.
table & goes to inspect the
rooms.
Hotel owner takes the note &
rushes to pay his debt to
rushes to pay his debt to
the butcher.
Butcher runes to pay the goat
farmer.Goat farmer runs to pay the
feed supplier.
farmer.Goat farmer runs to pay the
feed supplier.
Supplier runs to pay the prostitute
who in these hard times
gave her services on credit.
who in these hard times
gave her services on credit.
Prostitute then runs to pay off her debt to the hotel owner for
the rooms she rented for her clients.Hotel owner then lays then
Rs.1000 note back on the counter.
the rooms she rented for her clients.Hotel owner then lays then
Rs.1000 note back on the counter.
The tourist comes down takes his money&leaves as he did not
like the rooms.No one earned anything.But the town is debt clear
&looks to the future with a lot of optimism.
like the rooms.No one earned anything.But the town is debt clear
&looks to the future with a lot of optimism.
That is how the world is doing business today and that is why
we need the SWIZZ A/C holders to get exposed.
we need the SWIZZ A/C holders to get exposed.
CHARLIE ROSE - AN HOUR WITH WARREN BUFFET
DO NOT MISS THIS
COURAGE - AN IMPORTANT FACTOR
Not all traders have the courage to stand up to
their actions.
It takes a lot of courage
to deal with the fears a
trader must
overcome in his career.
The first is the fear of
success that is so
common and is
the most prevalent.
We want success
and are afraid of it at the
same time too.
As our account grows so does the fear of handling those
amounts of money. Could you trade risking a bigger amount as the
account grows? Sometimes we sabotage our own success as it puts
us out of our comfort zone. Another aspect of the fear of success
is the subconscious fear of not being able to sustain that success.
Our ego is questioning our ability to avoid messing up and losing
that prized status of a hero. Same holds true for a windfall success.
We know we might be able to do it again but our ego says we will
look bad if we cannot do it again.
Professional Traders have developed the ability to methodically
achieve success and the confidence to repeat it while reducing the
odds of sabotaging themselves via their egos.
Professional Traders know that trading is boring and is not full of
fun and excitement.
That is why they have the courage to give up the fun and
excitement in exchange for trading capital preservation.
They also have the courage to not become addicted to winning
big all the time.
They know there will besingles, doubles and losers along
the way too. They have the courage
to stay on the sidelines at times and miss trading opportunities.
They also know when to get out of a trade bravely and have the
courage to ask for help when needed. They have the courage to
stick to their strategy, ask dumb questions, admit it when they are
wrong and finally have the courage to trade for profit and not for
pure excitement.
(Click ‘OUR POLICIES’ in blog archives
if you have any queries)
For further details,
Contact Admin (Analyst) @
Contact Admin (Analyst) @
(0)9788563656
MESSAGE TODAY
Fear is the enemy of logic.
-FRANK SINATRA, quoted in “The Way You Wear Your Hat”
DISCLAIMER
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