STUNNING MONDAY MARKET...?

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.

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 6^th

WATCH  

TODAY


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 6^th)       

        

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

  
Disclosure:

1. Stoploss levels, reverse trades are exclusively
   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

Massive collapse in the
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

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 

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.

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)

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MESSAGE TODAY

Fear is the main source of superstition, and one of the main sources of cruelty. To conquer fear is the beginning of wisdom.
                                                                          -BERTRAND RUSSELL

RELAX CORNER

DIFFERENCE BETWEEN MEN &WOMEN

Hahaha.. Man... this is awesome..Worth watching 

JUST SMS TO YOUR PAL

I Know that you know that i know what you dont think i know but i know that you know that i know what you know that i know that you dont think i know but i know!

சுவாமி ‘டுமீல்’ டுபாகூரானந்தா

சீடர்: வாழ்க்கை இன்பமயமாவது 

எப்போது சாமி..?

சுவாமி: 'எட்டு மணிச் செய்திகள்' ஒழுங்காக முடியும் போது...

ஓம் தத்சஸ்

சீடர்: ????

வாரா  வாரம்  ஆன்மீக  ஆரவாரம்  

Disclaimer

எண்ணங்கள்  பண்படுவதொன்றே எங்கள்

நோக்கமே அன்றி  யார்  மனமும் 

புண்படுவதல்ல...

யாவரும் இன்புற்று சிந்தித்திருப்பதுவேயல்லாமல்

வேறொன்றும் அறியோம் பராபரமே..

                                                                      -ஆசிரியர் 

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.

'CORRECTIVE' MONDAY..?

FROM AN EXPERIENCE

 Although the cheetah is the fastest animal in the world and can 

catch any animal on the plains, it will wait until it is absolutely 

sure it can catch it’s prey. It may hide in the bush for a week, 

waiting for just the right moment. It will wait for a baby antelope,

and not just any baby antelope, but preferably also one that is sick

or lame. Only then, when there is no chance it can lose its prey,

does it attack. That, to me, is the epitome of professional trading.”

                                                                        - Mark Weinstein

 

There was a scorpion, who wanted to cross a river, 

but cannot as he could not swim.

He asked a frog to carry him across a river.

The frog was afraid of being stung, but the scorpion reassures him

that if it stung,

the frog would sink and the scorpion would drown as well.

The logic appeals to the Frog, So he then agrees;

nevertheless, in mid-river, 

the scorpion stings him, dooming them both.

When asked why, the scorpion explains, 

“I’m a scorpion; it’s my nature.”

To let profits run, need to keep Greed at bay, 

else it will Sting in each and every trade.

How does a seasoned trader control his emotions? 

He realizes that his trading performance moves in cycles.

Sometimes he is profitable and sometimes he is not. 

Gaining awareness of this fact helps control his emotions.

Try and realize that if you have a big winning period that you

shouldn’t get overly excited because, most likely, you’ll have 

a flat or losing period just around the corner. 

No style of trading makes money all the time. 

The odds are that after you have a big winning period, 

you’ll go through a period of losing money shortly thereafter.

                                                                                          (to be contd)

TODAY’S TRADING STRATEGY

OF NIFTY FUTURES – MAY 30^th

If stays below 5475 see slide upto 5445-35-26

Good ‘Intraday’ Support is seen @ 5418 today

Above 5475 for 15 min means hike upto 5490-5500-06

is for sure.

Intraday resistance @ 5506

Range bound today between 5426 and 5506

- All these levels are appropriate only in a

normal opening

What if 5426 or 5506 crossed..?

Subscribe us for more details and

exact trading decisions

THE NEED FOR INDEPENDENCE

You need to do your

own thinking.

Don’t get caught up in mass

hyste-ria.

As Ed Seykota pointed out,

by the time a story is making 

the cover of the national 

periodicals, the trend is probably

near an end. 

Independence also means

making your own trading

decisions.

Never listen to other opinions. Even if it occasionally helps

on a trade or two, listening to others invariably seems to end up

costing you money-not to mention confusing your own market 

view. As Michael Marcus stated in Market Wizards,

“You need to follow your own light. If you combine two traders, 

you will get the worst of each.”

A related personal anecdote concerns another trader I interviewed in Market Wizards. Although he could trade better than I if he were blindfolded and placed in a trunk at the bottom of a pool, he still was interested in my view of the markets. One day he called and asked, “What do you think of the yen?”
The yen was one of the few markets about which I had a strong opinion at the time. It had formed a particular chart pattern that made me very bearish.
“I think the yen is going straight down, and I’m short,” I replied.
He preceded to give me fifty-one reasons why the yen was oversold and due for a rally. After he hung up, I thought: “I’m leaving on a busi-ness trip tomorrow. My trading has not been going very well during the last few weeks. The short yen trade is one of the only positions in my account. Do I really want to fade one of the world’s best traders given these considerations?” I decided to close out the trade.
By the time I returned from my trip several days later, the yen had fallen 150 points. As luck would have it, that afternoon the same trader called. When the conversation rolled around to the yen, I couldn’t resist asking, “By the way, are you still long the yen?” 
“Oh no,” he replied, “I’m short.”
The point is not that this trader was trying to mislead me. On the contrary, he firmly believed each market opinion at the time he expressed it. However, his timing was good enough so that he probably made money on both sides of the trade. In contrast, I ended up with nothing, even though I had the original move pegged exactly right. The moral is that even advice from a much better trader can lead to detri-mental results.

 JESSE LIVERMORE's INTERVIEW (UNPUBLISHED)

What follows is a never before

 published “interview” 

with Jesse Livermore.

Conducted by Edwin Lefevre, 
dated circa 1922, this “interview”

reveals great insights into the 
mind of the famous trader. 

As we will see, the wisdom
imparted here could change
our entire 

perspective on the speculative 
game we love and enjoy. 

It might even change our lives. 
I took the liberty of editing it 
due to its length.

Lefevre:  Hello Mr Livermore.  Thank you for taking the time to 

conduct this series of interviews with me. 

It is my understanding that you do not grant many interviews, 

so I am honored.

Livermore: You are very welcome.  

I appreciate the respect but you do not have to address me 

as Mr.  Jesse, or my nickname, the boy plunger, will suffice.

Lefevre: And where did you get the name boy plunger?

Livermore: It was during the early days when I was trading small

lots in the bucket shops, where the man who traded in twenty shares 

at a clip was suspected of being J.P. Morgan traveling incognito.  

I didn’t have a following.  I kept my business to myself.  As it was,

it did not take long for the bucket shops to get sore on me for 

beating them.  I’d walk in and plank down my margin, but they’d 

look at it without making a move to grab it.  They’d say nothing 

doing. That is when they started calling me the boy plunger. 

I had to move from shop to shop, even to the point of changing

my name. 

I couldn’t put trades on without getting cheated on the quotes. 

This was in Boston, so I then moved to where the real action 

was, to New York.  I was 21 at the time.

Lefevre:  Were you making money?

Livermore: My plan of trading was sound enough and won oftener 

than it lost. If I had stuck to it I’d have been right perhaps
as often as seven out of ten times. In fact, I always made
money when I was sure I was right before I began.

What beat me was not having

brains enough to stick to my own game – that is, to play the market

only when I was satisfied that precedents favored my play.

There is a time for all things, but I didn’t know it. And that is

precisely what beats so many men in Wall Street who are very

far from being in the main sucker class.

There is the plain fool, who does the wrong

thing at all times everywhere, but there is the Wall Street fool, 

who thinks he must trade all the time. No man can always have 

adequate reasons for buying or selling stocks daily or sufficient 

knowledge to make his. play an intelligent play. The desire for 

constant action irrespective of underlying conditions is responsible

for many losses in Wall Street even among the professionals,

who feel that they must take home some money every day, 

as though they were working

for regular wages. Getting sore at the market doesn’t get you

anywhere. I was only a kid and had a lot to learn.

Lefevre:  Sounds like you were learning some valuable lessons.

Livermore: There is nothing like losing all you have in the world for 

teaching you what not to do.

And when you know what not to do in order not to lose money,

you begin to learn what to do in order to win.

Did you get that? You begin to learn!