Archives of “January 10, 2019” day

rss

Trading Psychology

  
  Education
#  #  #  #  #  #  #  #

TRADING-PSYCHOLOGYIf any trade makes you feel like “kicking yourself,” then you’re likely trading for emotional satisfaction and that’s a problem. In other words, if every trade you make has the purpose of trying to make you feel good, prove you are right, feed your ego, eliminate pain from a prior mistake you refused to deal with early on, or something other than just making money for you, you need to learn how to put trading in the proper frame of mind if you desire to become a better trader and investor.

These Behaviors Guarantee losses

  
  Education
#  #  #  #
  • Lack of discipline: It takes an accumulation of knowledge and sharp focus to trade successfully. Many would rather listen to the advice of others. They just want to believe, like Fox Mulder.
  • Impatience: Some have an insatiable need for action. The day trading adrenaline rush and the gamblers high can have heroin-like addiction pull.
  • No objectivity: Some are unable to disengage emotionally from the market. They create a virtual lifelong marriage to their trades. Divorce is not an option.
  • Greed: A desire for quick profit blinds many from the diligent work needed to actually win in the long run.
  • Refusal to accept truth: Some do not want to believe that the only knowable truth is price action. They feel more secure following cult leaders serving Kool-Aid.
  • Impulsive behavior: Many jump into investments based on the morning paper or Good Morning America. Thinking that if you act quickly, somehow you will beat everybody else in the great race is a recipe for a messy failure.
  • Inability to stay in the moment of now: To be a successful trader, you cannot spend your time thinking about how you are going to spend your profits. Trading because you have to have money is not workable.
  • Stay open-minded: Come into the day knowing your future steps. Do not be stubborn when the market does not go your way. Cut your losses and follow your stinking trading plan.

Anil drops ADAG from corporate logo

  
Analysis, Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

Anil Ambani has dropped his name from the corporate logo for Reliance Anil Dhirubhai Ambani group, set up after the split of the Reliance empire in 2005.

The line ‘Anil Dhirubhai Ambani Group’, written under the logo, has made way for the just the company name. It will now on be known as the Reliance Group. The colour of the logo, too, has been changed from light blue to navy blue. And the red coloured arrow of the brand has been transformed to a triangle.

The design change has been done by Singapore-based Bonsey Design.

 

The websites of the group are already showcasing the new identity.

Head (branding) of the group, Sanjay Behl says, “Reliance is a rightful-brand for us. We are just contemporising it”. He says the group is now adding the Reliance master brand focus to Anil Ambani group of companies.

He said the ADAG group’s identity remains, but it will not be the master brand. The difference with the other Reliance, of Mukesh Ambani, is stylistic. While Mukesh Ambani-led Reliance is written in small letters, the ADAG Reliance is in capitals.

Behl said the focus of rebranding is to strengthen the brand identity and de-clutter it. In terms of magnitude, this will be much larger than the last branding exercise the group did in 2006.

The group now works in seven sectors with almost 27 businesses and most of these are consumer-facing ones.

About 250 million people are being contacted by some Reliance business or the other almost on a daily basis.

TRADER’S TWO MOST POWERFUL WORDS

  
  Education
#  #  #  #  #  #  #

Let’s face it, no matter the outcome of a trade-lose, win, draw, and even the miss-traders are rarely satisfied with the result.  This is exactly why it is so important that we utilize the two most powerful words in a stock trader’s vocabulary..and no… it does not involve four letters!  The following is a list that you can use these two words with.  You will get my point.  Of course you can add to it if you like.

I missed the trade…SO WHAT!

This trade did not work…SO WHAT!

I excited a profitable trade too early…SO WHAT!

I excited with a loss too quickly…SO WHAT!

My stock gapped against me…SO WHAT!

The stock recovered without me…SO WHAT!

A stock I was bullish on was downgraded by an ANALyst…SO WHAT! (more…)

Clip from -Robert D. Edwards and John Magee, Technical Analysis of Stock Trends, first published in 1948.

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

“Few human activities have been exhaustively studied during the past fifty years, from so many angles and by so many different sorts of people, as has the buying and selling of corporate securities.  The rewards which the stock market holds out to those who read it right are enormous; the penalties it exacts from careless, dozing, or “unlucky” investors are calamitous-no wonder it has attracted some of the world’s most astute accountants, analysts, and researchers, along with a motley crew of eccentrics, mystics and “hunch players,” and a multitude of just ordinary hopeful citizens.

Able brains have sought, and continue constantly to seek, for safe and sure methods of appraising the state and trend of the market, of discovering the right stock to buy and the right time to buy it.  This intensive research has not been fruitless-far from it.  There are a great may successful investors and speculators (using the word in its true sense which is without opprobrium) who, by one road or another, have acquired the necessary insight into the forces with which they deal and the judgment, the forethought and the all-important self-discipline to deal with them profitably.”

Go to top