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Illusion

dice-illusionIf you have the feeling that the market has a split personality, one day out to shower you with peace and blessings and the other to punish mercilessly, it can only mean that on some level you are still taking it personally. Think of it this way – there are too many players with too many conflicting ideas about market direction for it to ever form one cohesive personality. The only exception I have witnessed to this rule is when fear clearly dominates the scene, and ironically these are times that are the easiest to trade. The highest attainment for a traders developing psychology is to achieve what has been called “intellectual purity” – that is the state free from emotional reactiveness to market behavior; the ability to accept both reward and punishment with equanimity and understanding. That said, we know that big players perform ‘market sweeps’ to take out stops at sitting duck levels, so we can at least attempt to protect against that. The main point though is to struggle against any dimly forming impression of the market being a single entity with a personality. That is an illusion.

When A Blue Channel Anchors /Analysts say something to Buy /Sell in India

BLUE CHANNELS

1)How many Traders are watching TV ?
2)How many are following these Idiots ?

3)How many Traders have Minted Money ,Created Wealth after Looking Blue channels ?

4)If Analysts are so Talented :Why they sit hrs with Camera and Do Bla Bla :Why not Mint from Trading ?

5)Registration & Qualification is not talent ,If u create wealth from Trading -Then u are King of Trading.

Instead of Looking at Blue channels (U are wasting your time ,energy ,money )+if u are looking at result and fundamentals :Thinking u are smart……U are Wrong :In India ,First Company then Fund walas Managers then Media will eat cream….u will not get anything.Forget Economic numbers and Data -It’s useless for Traders.

6)Anchors/Analysts might be getting Rs.2-5-7 lac per month (i.e Rs.20000-25000 a day ).If u are having talent u can mint millions by trading.

Remember one thing :95% Traders are losing Money (Only Your Broker ,Govt ,Stock Exchange and Media minting money everyday )

Think it over………………………!!

Greece won’t last beyond November without aid, says PM

Greek Prime Minister Antonis Samaras has signalled that his country could not survive beyond November if it isn’t granted the next tranche of bailout aid. 
Samaras highlighted that the most important thing for Greece is liquidity and underlined the necessity of the international financing. 
When questioned in the Handelsblatt interview how long Athens could survive without additional help he answered: “Until the end of November, then the cash box will be empty.” 
Samaras also felt that the European Central Bank (ECB) could help out by accepting lower interest rates on Greek bonds and rolling over the debt at maturity. However, ECB President Mario Draghi ruled out the idea, because he considers it to be “monetary financing”. 
In an International Herald Tribune conference held in Paris, Samaras also warned that a Greek exit from the euro would be “disastrous” for the Eurozone and could slash the Greek standard of living by up to 70%. 
German Finance Minister Wolfgang Schäuble gave some show of support stating that countries with problems should be allowed more time to reform but he did lash out at Greece by stating that all the other Eurozone states had made good progress on their austerity measures. He did however admit that Athens is in a “difficult situation”.

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