Archives of “rarity” tag

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Traders :It’s OK To Be Emotional

  
  Education
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Read any book or blog about trading and you’ll be told controlling one’s emotions is a key skill needed to trade well. On the surface, this sounds like good advice. After all, greed and fear are killers at a trading desk right? 
But the evidence doesn’t back up such a notion.

These writers are saying you must be very calm and not get too excited. You must keep an even keel and not ride an emotional roller coaster – as if to imply emotional restraint is a desired state.

I’ve never completely agreed with this concept because I know from casual observation most successful people are very emotional.

SOME EXAMPLES

  • Michael Jordan, Tiger Woods – very intense, very emotional!
  • Bobby Knight, Coach K – love them or hate them, they’re extremely emotional and extremely successful.
  • Muhammad Ali – intensity, passion, showmanship and yes, emotion.
  • Paul Tudor Jones – if you can get your hands on a copy of the PTJ 60-minute documentary the subject supposedly bought up, you’d learn he has off-the-charts competitiveness, intensity and is very emotional.

THE TRADING TEMPERAMENT

Yet it’s a rarity to meet a calm trader, who doesn’t seem to be overly intense or competitive, become successful. This doesn’t mean you have to hurl your keyboard out the window every time you lose money.It’s just means you aren’t likely to succeed if you don’t have a little fire in your gut.

Trading is tough. It takes years of study and practice. Without a strong emotional drive, it’s unlikely a newbie would be willing to put in the time necessary to get good. (more…)

7 Deadly Sins

  
  Education
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  1. Trying to pick top or bottom
  2. My gut tells me that we’re going to break out (Professionals love fading breakouts)
  3. No confirmation from my Volume indicators (wait for everything to line up)
  4. Hesitating on entry (typically when the trade is “hard” to take)
  5. Canceling my stop (OMG, the biggest Sin of them all !)
  6. Moving my profit target (got to let the winners run)
  7. Letting a profitable trade turn into a loser (luckily, a rarity)

India 1854 Inverted Head Variety

  
Education, Investment
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The classic 1854 inverted head variety set a new world record yesterday at Spink. The stamp, part of the Vestey collection auctioned off on October 13th, 2010 brought in a record GBP 105,390. The stamp was cut to shape. Twenty seven copies of this world famous rarity are known, only 3 of these were cut square. Image is courtesy of Spink. Entire catalog can be downloaded from: http://www.spink.com/auctions/pdf/default.asp

Guts to SHORT at Peak…. Glory to Instant Profits

  
Analysis, Education
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Global WarmingDear Readers, Today morning I wrote 5077 as Peak NF possibility for the day.  It went upto 5072 only.  Sensing its failure here, my Message to all Subscribers:  Now, at 5065…. Short NF with a Risk of Rs.13.  Below 5055 it will tumble upto 5004.  Within minutes NF tumbled to 5006. Instant gain of  59

 In the same message:  Now at 1075, Sell RIL with  a stop of 1086-1092.  Reliance just in Minutes slid from 1077 to 1056, nearest to its day’s low 1053

At opening bell :Catch Bharti above 289.50 for supergains tgt 297 ,303.50 (It kissed 302)

 The point tobe noted here is: Shorting at the peaks.  Its possible only when I am committed in my market analysis work at the bottom of my heart. My Levels mentioned in the web-site are the same but my MESSAGES at the right time will trigger action to subscribers for grand gains, unhesitant to Short too which is a rarity.

 Just Follow Levels, Make your Vallets Deep, Deeper, Deepest

Join us live during trading hrs and get Intraday live calls of Nifty Future/Stocks.


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