Rest of the World is busy watching the crisis in the Eurozone and Worried about the Finance to the PIGS Nation. This is the Difference between the Lender and the Borrower ! |
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“Intraday – Instant Gains…Position Calls – Bumper Gains”
So it happened Yesterday as well. Once NF crossed our Laxman Rekha of 5077, it went to 5139 – our level mentioned in the morning was 5140 !!!!
Now Look at Instant Gains in Intra-day: I wrote yesterday morning that above 103 JINDAL COTEX will shoot upto 109, 111 and could hit circuit too. It’s a tribute to Technicals, it actually skyrocketed to 120-70.
See the precision in day trade. TULIP went upto 962.50 – our level was 963, it would have taken off brilliantly only had it crossed.
Now see the Bumper gains in Position Calls. I am writing since 1 week about bullishness in AIRLINE Stocks. All had a rally. My best pick was KINGFISHER Airlines: Recommended @ Rs.52 on 26th Nov / Thu to buy with a target of 74+ and even 100 too. The lowest that it can slide to before the rallying was 49. Mesmerisingly it touched a low of 49-50 in last weeks Dubai debacle only to rally upto 57-10 today. So far in Just 4 sessions a gain of Rs.30000+ per each F&O Lot of 4250. Anything else is called Bumper Gain ???
-In Last two sessions enjoyed rally in DLF ,Unitech ,HDIL or not ?
Yesterday on website we have mentioned only 2 stocks. But to our subscribers:
Manali Petro upperfreeze, CONCOR rallied from 1185 to 1220, Rel Media from 265 to 280 and many others.
Our Levels pour money in your lap before you could even count.
The Probability of Self-awareness
With 20 years of trying different things and hearing from others I made an important discovery that has shaped me as a trader and a coach. What I found is that more people will improve using an approach to change that emphasizes expanding self-awareness and emotional intelligence.
(With so many different approaches advertised as a ‘change process’, I think its important to share what I’ve found to work. That’s really what we have to do, right? Doing more of what works and less of what doesn’t.)
Very briefly, what I mean by expanded self-awareness is:
1) the recognition that our thinking and our emotions are intertwined and both influence our perception and judgment that leads to our decisions and actions (this view also happens to be consistent what the leading brain scientists are now saying)
2) much of our motivation – the intertwined thinking/emotion that drives our behavior – is actually subconscious, e.g. we assume we are trading the market but on other levels we are also trading our P&L and our feelings about our P&L (and what our P&L represents to us) is just one example. (more…)
17 One Liners for Traders
Trade the market, not the money
• Always trade value, never trade price
• The answer to the question, “What’s the trend?” is the question, “What’s your timeframe?”
• Never allow a statistically significant unrealized gain to turn into a statistically significant realized loss (ATR)
• Don’t tug at green shoots
• When there’s nothing to do, do nothing
• Stop adjustments can only be used to reduce risk, not increase it.
• There are only two kinds of losses: big losses and small losses, given these choices – always choose small losses.
• Don’t Anticipate, Just Participate
• Buy the strongest, sell the weakest (RSI)
• Sideways markets eventually resolve themselves into trending markets and vice versa
• Stagger entries & exits – Regret Minimization techniques
• Look for low risk, high reward, high probability setups
• Correlations are for defense, not offense
• Drawdowns are for underleveraged trading and research
• Develop systems based on the kinds of “pain” (weaknesses) endured when they aren’t working or you’ll abandon them during drawdowns.
• Be disciplined in risk management & flexible in perceiving market behavior