Archives of “February 2019” month

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3 Elements of Trading Success

  
  Education
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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.

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Yes, We are Unique

  
Analysis, Education
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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, nth 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 2nd 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.

Weak Opening, V recovery from 10-35, and from 1-30 bear-attack… so don’t have any long position in market.

Expected Bank NF will crash upto 9650.But it tumbled upto 9540 level….(Our Subscribers knows…..many more things )

Now u all tell if anything else is left in this market. That’s why our recently concluded Subscription enrolment was such an astounding hit.

All our subscribers / readers are busy in counting

their earnings while all Bulls ,Blue Channel (Analysts ),Website Analysts are singing


 

Technically Yours

Anirudh Sethi/Baroda/India


“A stock operator has to fight a lot of expensive enemies within himself.”(Chapter II)

  
  Education

It is not the financial markets, nor government intervention in the markets, nor even the other competing traders that are the greatest enemy of any speculator, it is the greed and fear dwelling deep within his own human heart.  To become an elite speculator, one must carefully learn over decades of real-world trading how to turn off one’s own dangerous emotions of greed and fear like a switch.  The goal is to be totally emotionally neutral, never growing too scared nor stumbling into the deadly trap of greed.
A greedy speculator is doomed before he even starts because he will buy in at the wrong time and will inevitably fail to sell high when everyone else is confirming his greed and bidding up prices.  A fearful speculator will fare no better, as he will be too scared to buy in at the right time when everyone else is also frightened and he will sell out too soon as his fear multiplies, missing most of the market move.
Jesse Livermore learned through long, hard experience that his own internal greed and fear were his greatest enemies as a speculator.  Once he learned how to tame his own dangerous emotions when he traded, both his success and fortunes soared.

10 Tips From the Trenches

  
  Education
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  1. Do not become passive in response to negative external events.  Always take action.  Correct your mistake and move on.
  1. Do not become passive in response to positive external events.  Conduct the analysis and remember that “news” is almost always that catalyst that smart money has been waiting for to sell.
  1. Trading is a hard business.  Your decision-set is confined to buy, sell, short, or do nothing, in varying amounts.   Managing positions and taking losses is draining.  Try and fill your life with other rewarding activities.
  1. If you’re starting out, don’t worry about being innovative.  Find a methodology and trade it with extreme discipline.  For the first couple years, innovate by reducing your errors.  Only add when there is nothing left to take away.
  1. A big part of a trader’s job is interpreting information.  Some information will support your beliefs and some will not.  Try and treat the opposing and supporting information the same (easier said than done).  Information from management is usually only true enough.  It’s mostly a mix of bullshit to soothe fickle shareholders.  When confronted with this type of information you have to ask yourself: does the information allow me to believe, or does it force me to believe?  If it only allows you to believe, you’re probably being misled.
  1. In cable news, debate means two opposing ideologs get equal time to spout bullshit.  In trading, opposing views means someone is actually going to be right and someone is actually going to be wrong.  Seek out debate and use it to clarify or disprove your thesis.  Find people who will challenge your opinions and listen carefully to their arguments.  Don’t be afraid to change your mind.  Don’t become a COIF.
  1. Trust the data more often than you rely on the greater fool. (more…)
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