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Offense and Defense in Trading-15 Points

  
  Education
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Offense:

You need big winners to pay for all your little losses. When the opportunity of a high probability entry happens you must take it. Or if you are trading a trend following system and are in a draw down you must keep trading in the direction of the trend so you will catch the big wave when it hits.

  1. Let your winners run until you are stopped out with a trailing stop or a candle stick signal of an eminent reversal.
  2. Do not exit a winner until it stops moving in your direction.
  3. Enter a trade only with the a minimum 2:1 risk to reward ratio, the upside has to always appear to be bigger than the downside.
  4. Only trend trade trending equities and markets, swing trade range bound stocks and markets. Remember that they only fit these classifications until they don’t.
  5. Do not marry a trade, only date it.
  6. Only trade a method or system that is a proven winner over the long term.
  7. Do not fight the market go with the directional flow, until the flow changes.
  8. Go long the best stocks and the best up trending markets, short junk stocks and down trending markets.  Picking tops and bottoms before they reverse is trading suicide. This is Trading 101.

Defense (more…)

Blue Channel Addict

  
Analysis, Education

  Blue Channels  parades as many ANALysts and ecoNOMINDS as possible across the screen every given day for one reason and one reason only:  to generate trading ideas which begets trading!  Blue Channels gives birth to more trading ideas in a single day than most professional traders even think about in a given month.  The more the amateur trades the more the amateur watches Blue Channels; the more the amateur watches Blue Channels the more money Blue Channels makes.  It is a vicious circle and you know where a circle gets you:  right back where you started! 

-Avoid Blue Channels-Just Ban them forover.

-Avoid Website Technical Analysts-95% are fraud.(Now every 2nd person knows levels and just ask them their own trading results…..they will say…we only give Consultancy…We dont trade …..Idiots )

-Again ,Iam writing 90% will lose money (It’s challenge ) 5% will be in No Profit No loss zone….(In time span of 1-2 yrs ) and only 5% will earn…….(Either u use Astrology ,Puja ,Tantra or Chart )

-In India 90% stocks are of Manipulative nature.Insiders ,Managment & Media are always playing dirty game.

Take care & Enjoy your day.

Give your comments if possible.

SELF DISCIPLINE

  
Education, Life
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Developing Self-Discipline is something that you can start doing right NOW. It doesn’t take vigorous special forces training, nor does it require being related to the almighty samurai bloodline. Instead it requires will, devotion and regular action.

  1. Start by cultivating a desire. Do that by understanding the incredible benefits of such an achievement. The majority of human endeavors fail because humans themselves quit; they quit because their mind and emotion subdues their will and discipline. Such a trait shall make you unstoppable.
  2. Use what is coined by NLP (Neuro-Linguistic Programming) as an Incantation. Stand up and energetically state that you shall achieve this regardless of anything, it’s crucial to incorporate physical movements as well. This molds a stronger message in your mind due to the incorporation of emotion and physicality. Repeat this daily.
  3. Analyze yourself; know where your discipline falls short and is mostly likely to fail. Is it exercising, or facing fears, or maintaining dietary habits?  This will create the targets which you shall work upon. Fast results will come from major concentrated action and not from minimal diffused efforts.
  4. Start, initiate your pursuit by working directly on the weaknesses that keep you away from being self-disciplined. Start small and gradually proceed to making big chances. Day by day incorporate more change but avoid overloading yourself.
  5. Once you have tackled one weakness proceed to the other. The conquest for self-discipline is a never-ending one. Acquiring it requires a constant stream of action, otherwise it shall simply leak from your possession.
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