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‘Trading To Win – The Psychology of Mastering the Markets’

  
  Education
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1. Learn to function in a tense, unstructured, and unpredictable environment.
2. Be an independent thinker versus a conventional thinker.
3. Work out a way to handle your emotions and maintain objectivity.
4. Don’t rely on hope and fear in the conventional sense.
5. Work continuously to improve yourself, giving importance to self-examination and recognizing that your personality and way of responding to events are a critical part of the game. This requires continuous coaching.
6. Modify your normal responses to certain events.
7. Be willing to face problems, understand them, and recognize that they are in some way related to your behavior.
8. Know when problems can be resolved and then apply methods to solve them. That may mean giving up some control in order to gain a different control. It may mean changes in your personality, learning self-reliance, or giving up independence and ego to become part of a trading team.
9. Understand the larger framework in which trading occurs—how the complexity of the marketplace and your personality both must be taken into account in order to develop the mastery of trading.
10. Develop the right mind-set for trading—a willingness to commit to the kinds of changes in personal habits and beliefs that will drastically alter your life. To do this requires a willingness to surrender to the forces of the game. In order to be able to play at a maximum level, you have to let go of your ego and your need to have things your way.

My 2011 Predictions

  
  Education
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My 2011 predictions are really one prediction: I predict that no one will accurately predict much in the markets over the course of the year. Sure, someone might be flip a coin and get lucky with a guess here or there, but what prediction are you really relying on with your hard earned cash? Exactly.

-Avoid Blue Channels during Trading hrs

-Avoid Phone Calls during Trading hrs

-Avoid Website Analysts /SMS services.(95% or More are Fraud )

-Always remember 90% Traders will lose Money ,5% will be in No Profit -No loss zone and only 5% will always earn…This ratio will remain same foreover.

Techically Yours

Anirudh Sethi Report/Baroda

Defination -RUMOR

  
  Education
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Rumors have always been the fuel of financial markets. The modern Wall Street saying “Buy on the rumor, sell on the news” would not have been surprising to any Dutch trader in the 17th century. As Joseph de la Vega wrote in Confusion de Confusiones, his book about the Amsterdam Stock Exchange, in 1688:

The expectation of an event creates a much deeper impression upon the exchange than the event itself. When large dividends or rich imports are expected, shares will rise in price; but if the expectation becomes a reality, the shares often fall; for the joy over the favorable development and the jubilation over a lucky chance have abated in the meantime.

The figures shown at the right in this painting of the Amsterdam exchange, painted around the time of de la Vega’s book, appear to trading the latest hot rumor:

The Courtyard of the Stock Exchange, by Job Andriaenszoon Berckheyde (ca. 1670-1690), http://www.amsterdammuseum.nl/

 Deliberately spreading false rumors was one of the most effective tactics for profiting on stocks in the 18th century. In his pamphlet “The anatomy of Exchange-Alley,” published in 1719, Daniel Defoe wrote: (more…)

Surviving Event Driven Choppy Environments: Trade YOUR System

  
  Education
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– Be careful of performance anxietyfingercross
– Don’t chase other systems
– If conditions are conducive (to your system), trade. If not, dont’.
– If you understand the market, then trade. If not, don’t.
– It’s okay to take occasional “stabs” in les-than-ideal conditions — just don’t bet the farm/get too aggressive.

– Pros woes: “It’s a sheer guessing game on a daily basis…and I will not play a guessing game.”

“If you understand the market, then trade. If not, don’t.”
I think if someone tells you that they totally ‘understand’ this market, they’re lying.

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