LOOK AHEAD - A STARTLING MONDAY.

 FROM AN EXPERIENCE

  
What are the 10 major mistakes that these traders make that cost them dearly?

1. Having no trading plan

When you don’t have a plan, you don’t have a template to follow. It becomes very costly when your emotions are high and you have to make decisions on the fly.

2. Using strategies that do not match your personality

You hear of a trading strategy that has worked very well and you are anxious to follow it. One important factor to consider is: does it match who you are and your lifestyle?

3. Having unrealistic expectations

Most traders assume that it is very easy to make money in trading. They have unrealistic expectations with regard to their initial capital, their risk profile and how much money they can expect to make.

4. Taking too much risk

Usually when traders are down, they want to make their money back very quickly. Therefore, they increase their position size without thinking about the risk/rewards.

5. Not having rules to follow

Most traders think if they have rules to follow, they are restricting themselves. It is on the contrary. Having rules allows you to be more flexible since you have thought about lots of issues beforehand.

6. Not being flexible to market conditions

It is very important to see the markets as they are and not as you want them to be or as you assume them to be.

7. Failing to take responsibility for your results

When the results are not in your favor, the tendency is to blame the markets, circumstances, advice of others. When you blame things outside of yourself, you become a victim of circumstance. When you take responsibility, you can react differently to your circumstances and become the success you know you can be.

8. Being addicted to volatility

One of the reasons that people get into trading is because they like the excitement of it. If there is no excitement, they create it. This is one of the reasons that traders sabotage themselves.

9. Not having a process to keep track of your performance

If you don’t keep track of your results, how do you know what has worked and what has not? How can you tweak your process to get the best results that you can?

10. Not dealing with your Emotional Risk

When dealing with money, there are lots of emotions involved. Emotions are part of everyday life. What separates the successful traders from others is how they react to their emotions. 

So what can you do to become a more consistent trader and increase your profitability? 
 Think of trading as a business and have a trading plan.

1. Make sure that the strategies you select, match your personality so you can follow them.
2. Have a realistic expectation of what your returns are. Include all the costs associated with your trading business.
3. Have an idea for your risk/reward ratio. Don’t confuse trading with gambling. If you are increasing your position, make sure that your strategy warrants it.
4. Have trading rules and follow them. Think about them as contingency plans. Because when your emotions are very high, the tendency is that you make very poor decisions that can cost you your account!
5. Be flexible to the market conditions. When you see the market as it is, you have a much better chance of managing your portfolio and increasing your profits.
6. Take responsibility for your results. Taking responsibility does not mean that you have control of everything that happens. It means that you have a choice of how to react to the things that happen.
7. Find out why you are in the trading business. If it is for the excitement of it, find other hobbies or activities that you can get your excitement from.
8. Keep track of your performance. This is a way of objectively looking at how you are doing, what you did right and what you learned. Be gentle with yourself.
9. One of the most important things that people don’t handle is their Emotional Risk. When emotions run high, the quality of decisions goes down. It is very important to learn how to react to your emotions and thus increase your profits

 

AN OVERALL VIEW OF NIFTY FUTURES

A STRONG RESISTANCE @ 5230 has been crossed

and 3 consecutive closes too occurs last week, which shows that
the gates are well opened to 5440 & 5650(even)

in forthcoming weeks 
-BULLS NOW WITH THE SMOKING NOSE...???

But we are least bothered – We as usual sell selected scrips 

in intraday and cover it within that session to make profits 

with 90-95% success rate..

For example we are selling PRAKASHCON from last week 

everyday in cash (from 140) despite the hike of the market and 

low volume(of the particular scrip) without any hesitation

-Now it is in 124 yielding profits 3-5% in each session 

consistently through out the week.

And we decide still to sell it on rise

even today – OUR FINAL TARGET IS 119

ALL DONE THROUGH THE MAGIC OF CHARTS

Already proved in many scrips, many times in live market hours 

to many people

Dear readers, investors, traders,

Pls Pls understand that the current Indian Stock Market is

99% manipulative & a hoax like...(as many real economists, 

North Indian experienced traders, Brokers, say) 

With the help of  INSIDERS, PROMOTERS, PUNTERS, 

OPERATORS  everywhere a group of people here swallow 

all the wealth of the middle class people exploiting their desire 

over quick money.
Because they are badly in need small investors in market

enormously (with no good intention at all indeed) 

and for sure you can’t run away or hide if you are already in

 – So just exploit the situation to make money in market – 

No other go – JAI HO

Even good, straight forward people in this business in front of my eyes 

went wild because of lots and lots of frustration that occurs due to the

subterfuges made (they experience) and the mistakes they commit

day by day which ends up in a viscous circle

   NIFTY FUTURES LEVELS (FEB 6)

Day’s Support @ 5294

                  Day’s Resistance @ 5405

                  If trades below 5346 for 5 minutes NF slides to touch  

                  5323-11-5300

       Above 5347 for 5-10 minutes means see a hike upto 5392-5403 

   

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        or  contact +919788563656 and join hands

“One of the most difficult things to get investors and traders to understand is that no matter how much they investigate an investment, they will probably do better if they did less. This is certainly counter-intuitive, but the way that our brains function almost guarantees that this will happen. This kind of failure also happens to those investors frequently regarded as the smartest. In essence, the more information that investors have, the more opportunity that they have to choose the misinformation that suits their emotional purposes.

 Speculation is observation, pure and experiential. Thinking isn’t necessary and often just gets in the way. Yet everywhere we turn, we read and hear opinion after opinion and explanation on top of explanation which claim to connect the dots between economic cause and market effect. Most of the marketplace is long on rationale and explanation and short on methods.

A series of experiments to examine the mental processes of doctors who were diagnosing illnesses found little relationship between the thoroughness of data collection and accuracy of the resulting diagnosis. Another study was done with psychologists and patient information and diagnosis. Again, increasing knowledge yielded no better results but did significantly increase confidence, something which the smartest among us are most prone to have in abundance. Unfortunately, in the markets, only the humble survive.

The inference is clear and important. Experienced analysts have an imperfect understanding of what information they actually use in making judgments. They are unaware of the extent to which their judgments are determined by just a few dominant factors, rather than by the systematic integration of all of their available information. Analysts use much less available information than they think they do.

          

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