Archives of “January 5, 2019” day
rssOld saying that market goes up 2/3rd of the time no longer accurate. Since start of '80 bear, S&P 500 up 82% of time.
13th and 26th Week major turning ,5566 is Laxman Rekha
-From High of 6336 ,Already completed 118 weeks
-From low of 2228 ,Already completed 76 weeks.
26th week is very crucial.
13th week is also turning point.
Yes ,On 26th Week :Nifty Future will complete 144 weeks from high of 6336
And on 13th week will complete 89 weeks from low of 2228 level.
My Ultimate target and Laxman Rekha is at 5566 level.
Last week NF created History by closing up for 9 consecutive weeks.
-So will it continue for another 4 weeks ?
-Next Fibonacci number is 13.
I will update more to our Subscribers.
Updated at 16:36/11th April/Baroda
"Failure is only an opportunity to begin again more intelligently." — Henry Ford
Jugaad
Frustration & Regret in Trading
FRUSTRATION: “Your success as a trader at times hinges on your ability to conquer frustration. Frustration will always appear on the path toward greatness. Some will triumph over it, while others succumb to its pettiness. When you encounter obstacles on your trail toward achievement, remind yourself that they were placed there in order for you to overcome them, so you can learn from them and become better than you were before”
REGRET: “Regret is toxic because it encourages you to look back and to focus your energies on the past, when you should be using your valuable time and energy to focus on the here and now in order to uncover trading opportunities”
Predicting rain doesn't make money.
Characteristics Of A Losing Trader
1. Undisciplined
2. No money management
3. Unprepared
4. Over trading
5. Easily tilted
6. Does not trade with probabilities
7. Trades emotionally without controlling: greed, hope, fear, and euphoria
8. Does not have a trading plan and strategy