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Timeless Trend Trading Wisdom
In the 1954 work ‘New Blueprints for Gains in Stocks and Grains’ William Dunnigan stated:
“We think that “forecasting” should be thought of in the light of measuring the direction of today’s trend and then turning to the Law of Inertia (momentum) for assurance that probabilities favor the continuation of that trend for an unknown period of time into the future. This is trend following, and it does not require us to don the garment of the mystic and look into the crystal balls of the future…Let us believe that it is possible to profit through economic changes by following today’s trend, as it is revealed statistically day-by-day, week-by-week, or month-by-month. In doing this we should entertain no preconceived notions as to whether business is going to boom or bust, or whether the Dow-Jones Industrial Average is going to 500 or 50. We will merely chart our course and steer our ship in the direction of the prevailing wind. When the economic weather changes, we will change our course with it and will not try to forecast the future time or place at which the wind will change.”
Sugar Stocks :Don't miss the rally !
Dear Readers & Traders ,On Monday I had written “Worst is over for Sugar stocks “…The day I had written to buy Tea stocks !!
Yes ,Our Subscribers are long in Renuka ,Balrampur ,Bajaj Hindustan.
-Upmove will continue.
-If u track International Sugar price then just see after hitting a low of $ 15.46 already kissed $ 17.79 in Yesterday’s trade.
-A poweful counter rally had started.So dont miss to buy Indian Stocks either for trading or have positional call.
About Future stocks ,I will update more to our Subscribers.But all are looking fiery !!
Thirsty Traders ,Don’t miss to Buy this stock.
-Sleeping Beauty.
Technically ,Ready for Explosive rally.
-Today ,Above 55.75 catch it.
YES ,BUY your choice of qty.
-Stock will kiss 60-61.25 & there after nonstop rally upto 66 level.
Not only this stock ,Traders can watch many other Sugar stocks too.All are ready for Intraday spike -Anytime ,Any moment.
I will update more to our Subscribers.
Updated at 7:50/15th April/Baroda
The problem gambler's checklist. Applies to trading as well
Government-Real Truth
Focus On Obstacles
Often we’re discouraged because of some tough challenge or obstacle in our way. But a shift in mindset from a Zen proverb can change everything: “The obstacle is the path.”
The obstacle isn’t something standing in our way. It’s the way itself.
That might seem strange, so let’s look at a few examples:
- You are struggling with writing, and procrastinate. Procrastination is the symptom, but it also illuminates the path you should take: you are dreading something about the writing, you are shying away from discomfort, you are afraid of the writing or what will happen when you publish the writing. So work with that dread, the discomfort, and the fear. You’ll be stronger for having done that.
- You are shy and can’t meet people. This can be seen as an obstacle to social happiness, or as a path for something to work with. Many people will avoid this obstacle of shyness, and instead stay home and not socialize. Instead, go towards this shyness, explore it, find out what you’re afraid of, work with that fear. You’ll get better at handling the fear, even let go of it, and it will no longer stand in your way.
- You are stressed out and overwhelmed at work. You can complain about this problem (and it will then continue for the rest of your life), or you can immerse yourself in it, let it lead you to self-exploration, and deal with the source of that stress and overwhelm. You’ll learn that you have unrealistic expectations and ideals, learn to let go of them, and the stress will go away. You’ll now have a tool for dealing with stress for the rest of your life. (more…)
Kettle From Draupadi Era
Best courtroom exchange ever?
Emotional
The amateur trader trades without knowing why, how, or when. She jumps into the market because it looks like it ought to got up, or sells because the market looks like it ought to go down. There is no plan, no set of rules, no understanding of stock market basics; just an emotionally driven response to price action. And the emotionally controlled professionals? They are standing with arms wide open and a smile from ear to ear ready to welcome the amateur into a place of grand opportunities only to be introduced to the slaughterhouse rules. Want to guess who the sheep is?