February 9, 2019 - Page 12 of 22 - Financial Occultist

1. Make Rational, Not Emotional, Decisions — Do you have a plan to enter and exit your trades? Or do you just wing it? If you have a plan, write down your rules, and make sure that you trade your plan. If you don’t, or can’t, follow your rules, hire someone who can.
2. Respect Risk — Stock Market is not going anywhere. If you risk too much, your emotions will take over, and you will likely go broke. Always know where you are going to exit before you enter and how much you are going to risk if wrong.,
3. Don’t Judge Your Success One Trade at a Time — Losing money is part of trading. It happens to everyone. Once you learn to expect that will happen, you can plan for it and get past normal pitfalls, such as giving up on your system after a few losing trades.
4. Think like a winner — Remember that winning starts within. How you think is everything.,
5. Ask For Help — Making money on Wall Street is simple, but it is definitely not easy. Don’t let your ego get in your way of making money. Most people have a hard time asking for help. That’s just one reason why most people lose money on Stock Market . You don’t have to go it alone. Find someone you trust and are comfortable with, and don’t be afraid to ask for help.

Thought For A Day

09-Feb-19 11:06 am

Anirudh Sethi

3 Elements of Trading Success

09-Feb-19 10:56 am

Education

Anirudh Sethi

What all winning traders must have, regardless of timeframe and system are as follows:

Trading System

They trade a robust system or method that wins more money over time than it loses.
Their system gives them a reward to risk ratio that is in their favor.
Their system or method is proven to work with a live trading record over many markets, trades, or has historical back testing.

Trading with Managed Risk

They manage the risk of ruin to avoid blowing up their account.
They risk no more than 1%-2% of total account equity on any one trade.
They manage risk through proper position size so they do not risk their account and their ability to trade in the future.
They do not risk more than 6%-12% of their capital at one time, across multiple trades.

(more…)

Yes, We are Unique

09-Feb-19 10:55 am

Anirudh Sethi

I remember the quote from Bernard Baruch :

“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope.”

Traders & Readers are sending us mail and writing that we are Born Bears.

-101% its wrong thinking.We write/recommend and trade according to levels only.Not interested in Economy ,Inflation figure,Monsoon or Corporate Results and basically I dont trust any Corporate !!

No Tantra ,No Mantra & No Yantra.

No Astrology !!

Just power of chart and our Vision.

Today our market forecast has confirmed it, n^th time.

Refer to this exclusivity in our web-site.

As per the forecast market was weak till 10-35, then recovered to +ve zone uptill 1-35 and as per the unique forecast, collapsed from 1-35 only to dwindle down heavily till end.

After 5185, our next Nf Hurdle was 5215, it went upto 5202. On downside after it broke our 2^nd support at 5146, we alerted all our Subscribers to Sell

everything and Short market for a possible break 5114 where after it would be a bloodbath. You all know NF collapsed to 5058, 150 points loss from the top.