A 'GOOD OLD' MONDAY

FROM AN EXPERIENCE

“If your trading isn’t going the way you want it to, change what you are doing. If something doesn’t work, do something else. Almost anything else will get you different results. Maybe you need to change something about your trading system (your exits or your position sizing strategy). Or maybe you need to change how you approach your life in general. Life is a process. There is no success or failure – only feedback. You’ve been getting feedback about what you’ve been doing for a long time. How have you been responding to it so far? Have you been making up a lot of excuses? Are you more interested in being right than making progress toward your goals? Are you willing to change now? It’s never too late. You’re never too old. Just imagine that you are responsible for everything that has happened to you up to now in your life. That’s part of responsibility that I’ve talked and written about so many times. And when you finally decide that you are responsible for your own life – for what has happened in the past – you will find that you get an immense rush of freedom. You can decide right now what you want, and you are in charge of making it happen. Today is always the first day of the rest of your life, so begin now.”

Having self-discipline is having the ability to follow through on your plans and goals.  Often times we get tugged in various directions and enticed by making choices that don’t help us along our path to our goals and fulfillment.

 “The path of least resistance is what makes all rivers and some men crooked – Napoleon Hill

SELF-DISCIPLINE

Self-discipline is the ability to make the conscious choice (ultimately it becomes a habit) of doing the thing that will move you towards your goal – and sometimes it’s the hard or unnatural or unpopular thing to do.  It’s foregoing instant gratification for the longer term objective.  Typically, however, people operate on autopilot and this is dangerous when you have not yet developed the right ‘habits’ for success.

In the trading game, you must have self-discipline. You must look at the entire forest and not focus on one tree.  If you get too caught up in each and every trade, you will lose sight of the larger goal.

The key is to care a lot about your overall trading progress, but not care too much about any individual trade.

Your Identity also plays a huge role in this because if you see yourself as someone who lacks self-discipline, then all the will power in the world will not overpower this.  You are someone, in your mind, who lacks self-discipline.

So the key components to have self-discipline in Trading are:

1) Mastering a proven method of trading

2) Having and following your personal Trading Plan

3) Reviewing your trades and tracking and measuring them to assess your performance

4) Making adjustments to improve your performance and results

5) Then repeat steps 3 & 4 over and over again

If you are trading without following your method and plan and making adjustments as you assess your performance, then you are not going to be improving.  If you don’t have a method or plan, then that’s where you need to start.

Remember, anyone can have a period of winning trades, but the key is that you want a dependable, consistent income with a rising equity curve – and in order to do that, you must follow those 5 steps above.

                                                                                                                                                                                          (to be contd)

WHAT HAPPENED LAST WEEK

Just look back (2 earlier posts) for our mind blowing prediction in NIFTY FUTURES with exact (day) time strategy mentioning even the dates to initiate long and short trades. 

All running behind the fake bulls, but we boldly wrote the levels and dates to leave the bulls and enter into PUT or go short.

Some of my friends, co-traders, and operators were mocking & guffawing behind when we took bear’s side before 10 days. 

And you were well known with what happened atlast?

Now they are searching the reasons in BUDGET, FII's, FI's, BLA,BLA's – But what’s the use of buying tickets when the show almost crossed the interval..?

Dear friends, always go with the charts, technicals and trend as we were shouting this from the beginning – No use of doing post-mortems with the fundamentals, economy growth, blue channel news cum interviews – they are all just for entertainment and not for making money.

Above all as we mention in MID theory, (invented by us based on Fibonacci retracement, Eliot Wave coupled with the evergreen GANN TIME theory)TIME always plays a crucial role 

JOIN HANDS WITH US - ROCK IN STOCK MARKET 

– ALL THE VERY BEST

Now what's going to happen today..?
Check this out pals..

NIFTY LEVELS FOR MARCH 19

Day’s Supports     @ 5326, 5315 & 5290

Day’s Resistance  @ 5386-96

If cuts & trades above 5350 for 5 minutes 

see a sure hike upto 5386-96

If trades above 5396 for 5 minutes no problem to kiss 5405 & 5423

Suppose if trades below 5349 for 5 minute a slide upto 5326 & 5315 in intraday is inevitable.

Below 5315 for 5 minutes means see more slide upto 5292

SCRIP TIPS TODAY

Today we are going to short 

NMDC, SUNPHARMA, SHIV-VANI for intraday indeed- But entering into these stocks in a wrong time may end up in loss - Know the right time subscribing us and mint money everyday without any panic or high BP

POSITIVES & NEGATIVES OF LAST WEEK

Positives:

1) Initial Jobless Claims fall to 351k, matching the lowest level since Mar ’08

2) Feb Retail Sales grow in line with estimates and Jan revised higher. Will it continue with gasoline prices .26 above Feb avg?

3) Philly and NY mfr’g surveys rise but components mixed as New Orders fall in both

4) Within MBA data, purchase apps rise to 8 week high

5) FOMC meets and thankfully does nothing

6) ZEW investor confidence in German economy over next 6 months rises to 22.3 from 5.4, well above expectations of 10 and to the best level since June ’10

Negatives:

1) Global interest rates jump higher with 10 yr US yield in particular up by 30 bps to highest since late Oct and UK gilt yield also spikes 30 bps. Bond rally since Operation Twist talk began last Aug has evaporated $100′s of billions later

2) CPI up 2.9% y/o/y, in line but still elevated compared to wage growth and Fed’s target rate of 2.0%. PPI up 3.3% y/o/y and Import Prices up 5.5% y/o/y

3) Implied inflation expectations in 5 yr and 10 yr TIPS continue higher to most since last summer

4) UoM confidence unexpectedly falls 1 pt as one year inflation expectations jump to 4% from 3.3% to the highest since May

5) Bankrate.com says avg 30 mortgage rate rises to 4.03% vs 3.88% on the week, highest since late Nov but still extraordinarily low though

6) MBA said refi apps fell to 9 week low

7) Gasoline prices rise another .07 on the week to $3.82 according to AAA

8) NFIB small business optimism index up but less than expected and Plans To Hire falls for 3rd straight month, in contrast to payroll optimism

9) FDI in China falls unexpectedly for 4th straight month

10) India keeps rates unchanged as wholesale inflation up more than expected

11) UK unemployment holds at 8.4%, the highest since ’95 as jobless claims rise more than expected.

                                        GOVT WEBSITES HACKED

A total of 112 government websites belonging to various state government agencies, Planning Commission and Finance Ministry were hacked in the three- month period ending February 2012, Parliament was informed.

“During the period December 2011 to February 2012, a total number of 112 government websites were hacked,” Minister of State for Communications and IT Sachin Pilot said in a written reply to the Lok Sabha.

These hacked websites belonged to the agencies in the government of Andhra Pradesh, Madhya Pradesh, Rajasthan, Tamil Nadu, Maharashtra, Gujarat, Kerala, Orissa, Uttar Pradesh, Sikkim and Manipur, he added.

It also included agencies of Ministry of Finance, Health, Planning Commission and Humar Resource Development.

The website of Bharat Sanchar Nigam Ltd was hacked on December 4, 2011 by the ‘H4tr!ck’ hacker group, Pilot said.

The Minister added that the number of Internet frauds involving Rs 1 lakh and above have declined over the last three years from 269 cases in 2009 to 125 cases in 2011.

“However, after taking into account the Internet frauds wherein the amount involved in individual cases is less than Rs 1 lakh, the total number of Internet frauds were 864 involving Rs 824.05 lakh, 2,232 cases involving Rs 1,234.94 lakh and 1,798 cases involving Rs 787.39 lakh for the calender year 2009, 2010 and 2011, respectively,” he said.

SCIENCE CORNER

அன்று வந்ததும் இதே நிலா..??

NO..NO..NO..!

இன்று வந்ததும் அதே நிலா..??

NO..NO..NO..!

இருவர் கண்ணுக்கும் ஒரே நிலா..??

நோ..நோ..நோ..!

'சைன்ஸ்' சொன்னது வேறு நிலா..

ஆ.......ஹா...........

பாட்டி வாழ்ந்தது

வேறு நிலா..!

 

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