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Power of Chart -Nothing else !

On Friday it was mentioned to Buy RELIANCE above 1047.25 only with target of  1069-1076.

There after 1098-1105 is possible.

*While Updating trading at 1078 level.Today above 1048,Bought by our Subscribers and sold  !!

BANK NIFTY : Today morning ,I had written above 9441 will zoom to kiss 9565-9606 level.Yes bought by our Subscribers and sold 70% holding.

Updated :Above 9606 may flare upto 9730-9771 level.

NIFTY FUTURE : Today above 5133 it was written it will kiss 5162-5185 level.(Yes ,It opening was at 5080 & once crossed 5133…sent mssge to buy and now sold 75% in NF too)

-Updated :Above 5185 will zoom to kiss 5216-5226 level.

And Just price of POLARIS

Today morning recommended to buy M&M..Now world is buying up  5%

MARUTI :Still looking fiery.

Just think it over :If u had bought 1-2 lot of Reliance above 1047,1 -2-5 lot of NF above 5133 and 1-2-5 lot of Bank NF above 9444 level…….Then u all might be singing same song…what my Subscriber sings everyday.

Keep Smiling & God Bless u all.

Techically Yours

Anirudh Sethi/Baroda

Updated at 13:48/10th May/BARODA

Livermore on speculation

Just remember, without a discipline, a clear strategy and a concise plan, the speculator will fall into all the emotional pitfalls of the market and jump from one stock to another, hold a losing position too long, cut-out of a winner too soon and for no reason other than fear of losing the profit. Greed, fear, impatience, ignorance and hope, will all fight for mental dominance over the speculator. Then after a few failures and catastrophes, the speculator may become demoralized, depressed, despondent, and abondon the market and the chance to make a fortune of what the market has to offer.

Develop your own strategy, discipline and approach to the market. I offer my suggestions as one, who has traveled the road before you. Perhaps I can act as a guide for you and save from falling in some of the pitfalls that befell me. But in the end the decisions must be your own”.

Expectation vs Acceptance


Take a second and think about those two words?  What do they mean to you?  To me there is a distinction.  I do not expect to lose, I accept a loss.  By accepting a loss I can focus forward.  I cannot worry about what I cannot control.  I cannot control if I lose, I can only control how much I lose (except in the rare case as stated above).

Many people stumble on the difference between expectations and acceptance, I know that I did.  Acceptance means I will take whatever my trading plan and ability allows me to take from the market.  Doing the work and following the plan, I expect to get the most of that acceptance.

For me, the worst thing that can happen is that I do not follow my plan because that is what I control.

Please note I am saying to just go crazy and not think about the consequences of trading. I cannot speak for every traders situation, the trader does.  I always hesitate in writing a post like this because it has the potential of being taken the wrong way. Once the work is done you should want to perform. The purpose of all the hard work is to find a way to be successful.

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