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Confidence

ASR-CONFIDNCEMany times, you won’t feel quite right about a buy or sell decision. If this feeling persists after you have done all your research and you have followed the rules to this point, don’t take the trade. Too many times, individuals try to rationalize a decision. Don’t try to find a good reason for making a bad decision. Your decision must be made with confidence.

Good Trades- 10 Points

 1.Good trades are generally winners from the very start.

2. Good trades do not take a lot of thinking about; they are triggered through robust entry signals.

3. Good trades aren’t really stressful. With the right position sizing and entry level it should not
cause high stress but instead confidence in your decision.

4. Good trades don’t have to be baby sat and watched for every tick. Good trades can be left alone to work.

5. Good trades are not hard to hold because they are in the direction of the trend for your time frame and get little heat put on them.

6. Good trades hit your price target or trailing stop before your stop loss.

7. Time is on the side of a good trade; the longer you can stay with it the more money you make.

8. Good trades inspire you to stay in them as they become more profitable while bad trades make you want out of them as they lose money.

9. Good trades are psychologically hard to get into because they are generally against the consensus. Bad trades are hard to get out of because you have to admit you are wrong.

10. Good trades make you happy; bad trades make you miserable.

Clear your mind

Surfer--Someone asked a surfer what he does when a big surf comes along, and he goes underwater. The surfer said it was simple. “If I panic, I only have 3-5 seconds of air to breathe. If I stay calm, I have 45-60 seconds of air.

Trading Lesson: If you let your emotions get the better of you, you could lose all of your capital. However, if you take a moment and think about your trades, you can have much better results.

Super forecasting: the Art and Science of Prediction by Philip Tetlock -Book Review

I have found the bookSuperforecasting: the Art and Science of Prediction by Philip Tetlock to be interesting, provocative and useful. I strongly recommend it.

Philip Tetlock is on the faculty of Wharton in the Management Department, and Dan Gardner is a journalist and author.

The basic story is that Philip Tetlock and his colleagues formed the Good Judgment Project (or “GJP”), and joined a prediction competition sponsored by the Intelligence Advanced Research Project Activity, or IARPA, which is the intelligence community’s version of DARPA. GJP recruited volunteer forecasters, gave them some basic training, and put them into teams. The GJP teams were so successful that eventually the competing groups, including Michigan and MIT, were shut down or merged with Tetlock’s group. As they screened out their most successful participants, Tetlock called them “superforecasters”. (more…)

Samtel Color :Untouched Defence Stock

India’s defence expenditure has been raised to Rs.147,344 crore (Rs.1.47 trillion/$32 billion) for 2010-11, up 8.13 percent from the revised estimates of the previous fiscal, in the budget presented by Finance Minister Pranab Mukherjee in the Lok Sabha.

This is my Multibagger for 2010-2011

Now at Rs.21

Technically Looking Hot.

Traded at BSE-NSE

Your Stoploss for Investment is 16

Trading Stoploss 18

Unexpected Buying will start anymoment.

My Short term target Rs.25.50-26 & there after Rs.32+

Traders can get 15-20% jump (But we are not interested to get this small return )

Dear Readers & Traders ,Just spare 5 minutes & get some hot facts:

While u trade ,dont follow fundamentals ,just concentrate on levels.

*Samtel  is a success story in the private sector’s entry into Indian defence manufacturing

*SAMTEL :India’s largest Integrated Manufacturer of a wide range of displays for television, avionics, industrial, medical and professional applications, TV glass components for displays, machinery and engineering services. The group employs 6000 people in nine world-class factories and has an annual turnover of Rs 12 billion (USD 300M).

JOKE :MCAP of Rs.114 Crore only ??

Go on reading :Click here

Samtel represents strength of India’s private sector at Defexpo 2010

Click here

I will update more to our Subscribers

Updated at 8:47/08th April/Baroda