Archives of “February 1, 2019” day

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Market Gravitates or We Spot those LEVELS…. Mystery !!

  
Analysis, Education
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BANK NIFTY

Here in this very space we have written Y’day and updated today intra-day too: @ 9106 wrote to Sell CNX Bank INDEX on any Rise. It would tumble to 8719 level very shortly.  Bang on… just in 48 hrs it collapsed to exactly our level, precisely 8715, a whooping fall of 400 points. 

 In the same breathe you were forewarned that for NF not crossing 5165-68 would weaken it to 4994 – 4970 levels. Exactly from 5168 of y’day it has nosedived uptill 5017.

 

These are indices: Non-manipulatable, Non-influential. How did it happen, who did it, can there be any attributes at all !!!!  Its our ever dependable charts, Analytical skills and wisdom of Insight. Collectively Technical Analysis. Just Pure Intelligence.

Yesterday  I written about Bank stocks…Just click here

Read Yesterday’s Guesstimates

Many Traders had asked about MTNL…..and they say I don’t about failure calls.First of all about MTNL….Technically was /still looking hot …But I had written many times never act blindly in market and always consider price as Father of stock/Commodity.

-Now click here and see…the reason ..Why MTNL had crashed in yesterday’s trade.

Now about Failure calls.If I recommend any stock or do analysis then I always write Support/Resistance levels. (more…)

Gandhi & Trading

  
Analysis, Education, Life

Gandhi’s Fundamentals for Changing the World & Day Trading

Just Completed reading this book last night and I think I had read more then 5 times since my college days.

Just Two Thought from GANDHI ……For Life & For Day Trading !!

You are in control.

 “Nobody can hurt me without my permission.”

What you feel and how you react to something is always up to you. There may be a “normal” or a common way to react to different things. But that’s mostly just all it is.

You can choose your own thoughts, reactions and emotions to pretty much everything. You don’t have to freak out, overreact of even react in a negative way. Perhaps not every time or instantly. Sometimes a knee-jerk reaction just goes off. Or an old thought habit kicks in.

And as you realize that no-one outside of yourself can actually control how you feel you can start to incorporate this thinking into your daily life and develop it as a thought habit. A habit that you can grow stronger and stronger over time. Doing this makes life a whole lot easier and more pleasurable.

 

Without action you aren’t going anywhere.

 “An ounce of practice is worth more than tons of preaching.”

 Without taking action very little will be done. However, taking action can be hard and difficult. There can be much inner resistance.

 And so you may resort to preaching, as Gandhi says. Or reading and studying endlessly. And feeling like you are moving forward. But getting little or no practical results in real life.

 So, to really get where you want to go and to really understand yourself and your world you need to practice. Books can mostly just bring you knowledge. You have to take action and translate that knowledge into results and understanding.

Technically Your’s

Anirudh Sethi ,Baroda/India

Don't Be Fooled By Stock Market Noise

  
  Education
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  • The volume of market and economic information is increasing exponentially, but the amount of useful information certainly isn’t.
  • Most of it is just noise, and the noise is increasing faster than the signal; hence, the higher the noise-to-signal ratio.
  • The “signal” is the truth and needs to be taken seriously; the “noise” is what distracts us from the truth and needs to be ignored.
  • This is why the higher the noise-to-signal ratio, the more difficult it becomes to make intelligent investment decisions.
  • Investors must use “filters” to separate the signal from the noise – this will improve their decision-making and investment performance.
 

 

23 One Liner For Traders

  
  Education
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1. All successful traders use methods that suit their
personality; You are neither Waren Buffett nor George Soros nor Jesse Livermore; Don’t assume you can trade like them.

2. What the market does is beyond your control; Your reaction to the market, however, is not beyond your control. Indeed, its the ONLY thing you can control.

3. To be a winner, you have to be willing to
take a loss; 
(The Stop-Loss Breakdown)

4. HOPE is not a word in the winning Trader’s vocabulary;

5. When you are on a
losing streak — and you will eventually find yourself on one — reduce your position size;

6. Don’t underestimate the time it
takes to succeed as a trader — it takes 10 years to become very good at anything;  (There Are No Shortcuts)

7. Trading is a vocation — not a
hobby

8. Have a business/trading plan; 
(Write This Down)

9. Identify your greatest weakness, Be honest — and DEAL with it (more…)

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