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Target achieved in 3 sessions

  
Analysis, Education
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Keep winners as long as they are moving your way. Let the market take you out on a trailed stop.

Dear Traders /Readers on 12th March recommended to buy RELIANCE -Educomp.

-In just 3 sessions both stocks are near their targets.

-Same day written :Only Reliance is looking hot and fiery.And about Educomp my ultimate target is 800+

YES BANK :Recomemnded Boldly to sell at 248- again yesterday at 258 level to our Subscribers….Now stock is bleeding.

Again at this moment ,Iam writing just concentrate on 5184 for Nifty Future.If able to close above this level for 2 consecutive sessions then only will show strength.

-Doors on downside will open and it will be a unexpected move….I expect this move to start from Thursday.

Today ,I recomemnded to Buy REI SIXTEN @ 88 level.Yes Technically Worst is over.Why people running for Pantaloon ?Just search something for this company.Atleast spurt upto 110-120+ not ruled out.

Updated at 12:40/16th March/Baroda

Probability in Trading :Two Quotes

  
  Education
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“A trader who has a good chance of success has the following attributes: (1) is properly capitalized; (2) treats trading like a business; (3) has a low tolerance of risk; (4) trades only when the market provides an opportunity; (5) can control emotions; (6) has a trading plan; (7) has a risk management plan; (8.) is incredibly disciplined; (9) is focused; and (10) has backtested his trading methodology.”  Marcel Link

“A trader who has a good chance of failure has any of the following attributes: (1) is undercapitalized; (2) lacks discipline; (3) overtrades; (4) does not understand the markets; (5) rushes into trades; (6) chases the market; (7) is afraid of missing a move; (8.) is stubborn and marries a position or idea; (9) misinterprets news; (10) is always looking for home runs; (11) lets losers get too big; (12) takes winners prematurely; (13) takes trading too lightly; (14) takes large risks; and (15) has little control of his emotions.”  Marcel Link

TEN Elements of Successful Trading

  
  Education
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In trading you have heard that bulls make money, bears make money, but pigs get slaughtered.

Here is a more expanded truth:

Traders that have the right mind set, money management, and winning method make money, those that are missing even one of the three, will eventually ‘blow up’ their account. This applies to both professionals and amateurs.

Whether you are a swing trader just trading the market with the $SPY ETF, a growth investor up to your eyeballs in Google and Apple, or even a day trader, these principles still apply to you. I believe these are universal principles for all traders, many professionals have proven they are not bigger than these laws of trading, by destroying the capital in hedge funds and even entire banks.

Trading Methodology:

  1. Winning system-Only trade tested systems with a positive expectancy in the long term.
  2. Faith– Your system has to allow you to trade your beliefs about the market.
  3. Risk/Reward-Never trade unless your profit expectations are greater than your capital at risk.

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10 Trading Truth

  
  Education
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  1. An entry does not determine profitability it only determines potential profit the exit is where the win or lost occurs, focus on that.

  2. A robust trading system means nothing unless you can follow it with discipline and self control.
  3. Charts don’t care about any one persons opinions why should you?
  4. Good trading will make you some money but only good risk management will allow you to keep the money.
  5. Good traders search for the right entries, great traders search for the right systems.
  6. Bad traders have an opinion, good traders have a plan. (more…)
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