Archives of “February 2019” month

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Time Goal Days

  
Analysis, Education

Just Refresh your memory from 26th November ,We had written 11th Trading session very crucial and will see Unexpected level.

Every Day we were decreasing the day and Yesterday we had written 2nd Trading session will see unexpected level.

-Do u know on 25th November it closed at 5800 …Next day made low of 5727 & went upto 6094 on 6th December !!

Yesterday it crashed to 5757 level.

TIME GOAL Days indicates ,Today will see PANIC bottom and recovery will start ?

or Yesterday’s low is bottom for Time Being ??

Do u know ……What is TIME GOAL DAYS ?

-Have u ever Read any BOOK on Time Goal Days ?

If not and don’t know anything…….Just wait for 1-2 days ,Will Explain u !!

Technically Yours/ASR TEAM -BARODA

Lessons from the Wizards

  
  Education
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3994One of the first books I read in this business oh-so many years ago was Stock Market Wizards. It had a profound impact on my thinking about trading, psychology, risk, capital preservation, etc.

  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.

    To be a winner, you have to be willing to take a loss

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

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

  5.  Don’t underestimate the time it takes to succeed as a trader — it takes 10 years to become very good at anything; 

  6.  Trading is a vocation — not a hobby (more…)

Bruce Lee on Stock Trading

  
  Education
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If Bruce Lee was a trader I believe this would be his advice:

If you let the market show you the way you will win.

Do not trade your opinions about what the market will do next,  instead always ask the questions:

What is the chart saying? Where is support and resistance?

Is the market trending or range bound? At what price level will I know that it has changed?

Where is all the capital flowing? What keeps going up day after day?

If I enter a trade at what price level will I know I was wrong?

Can I quickly admit I am wrong about a trade and move on to the next one?

Water is so versatile it can be ice in the winter and steam in extreme heat. Traders do well to be a bull in a bull market and a bear in a bear market.

Water can wear through a rock if it is a strong river.  You can win in the markets if you keep trading the right method over and over again.

Water takes the form of whatever you put water into. Traders should trade for the market conditions that they find themselves in.

Water can only be reduced to its core elements hydrogen and oxygen but it can not be truly destroyed. If you only risk 1% per trade your account can experience a draw down in capital but it to can not be destroyed.

6 ways to think about risk

  
  Education
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1  Risk is not the same as volatility. Assets can be volatile on the upside as well as the downside. Risk should instead be viewed as the permanent loss of purchasing power.

2 A risk should not be evaluated based its frequency. Some risks only have to happen once to be catastrophic.

3 Sophistication and knowledge are not a form of or substitute for risk management.

4 Although following the crowd may feel comfortable, risks are just as catastrophic whether you suffer with company or suffer alone.

5 Bullish consensus manufacturers the greatest risks because nobody is prepared and everyone runs for the exits at the same time. Strong optimistic consensus provides a sense that nothing can go wrong. This is why the greatest catastrophes seem to come out of the blue.

6 Activity, research and analysis provides a false sense of control over the future. However devastating losses rarely due to a lack of brain power or analytical prowess.

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