On 14th Feb written to Buy Turmeric-NCEDX at Rs 7164 with target of 7800-7900 level.
Do u know Yesterday it kissed 8094 level.
-Gain of Rs.900 in just 14 sessions.
101% U can mint from Stocks/Commodity /Crude or Forex.
Join us to know more.
Updated at 00:23/4th March/Baroda
The job of a trader is to make good risk / reward decisions over and over.
To get better and better at doing this over time.
The cash will follow.
If you are only about the money your longevity, in my humble opinion is limited.
One danger about only focussing on the $$ is that you push it too hard in the quest. The risk is burning out or blowing up your account. We’ve all seen or heard of traders who break down under the pressure that they’ve put themselves under to hit their monetary target or who have swung for the fences so hard that they have destroyed their account. Occasionally these traders fly through the finish line in magnificent style.
On the other hand:
If you love the process that you take to define the good risk / reward trades and the execution of them then you are likely to be a success. (more…)
Winners share certain behaviors and beliefs. Check to see if you possess the traits and beliefs of winning traders !!!
Germans may stop Octopus from forecasting, but out charts are eternal.
In Today morning’s web-site write up, under BSE Sensex banner all time zone edges were mentioned. As forecasted NF started tumbling from exactly 5454 high.
Our Repeated message since 1st hr of trade today was: Short NF with stoploss of 5455-
5463 for a downward target of 5384,5344. Exit& Short IT and Bank indexes too.
Alert :Stoploss NF 54555463.Below 5440 will kiss 5399-5385 in panic.Dont jump and buy.Sell any stock and every stock with keeping stop of today’s high…save this mssge.
Red ALERT :Watch 5985 for CNX IT.Break will create panic and then watch panic in all IT Stocks,Nonstop slide upto 5914-5891 not ruled out.
ALERT :Bank NF below 9978 problem for Bulls.It will crash to kiss 9838-9791 in hrs.Already told to sell and go short any stock or Index with stop of today’s high.
We need not tell u what happened by the end of the day.
Our subscribers don’t need any insurance, for their wealth or health since our promptings take care of both.
Written many times ,We are having Bad Habit to Mint Money every moment ,every hr & every day…….its not our fault.
Right Moment song………..for all of u
Updated at 16:02/14th July/Baroda
Trade with your personality
Regardless of what has been working for other people, you have to trade a system that suits your personality. It either has to compliment your strengths, overcome your weaknesses or both. That is not to say that a system that someone else creates cannot work for you, but you have to figure our your own unique way of trading it.
You have to have an edge
You have to have a specific, definable edge over the market. Like with any other endeavor, if you are not skilled, you will not do well. The best traders understand the edge that they have over the markets and constantly exploit it for profit.
Work hard, work smart
All of the top traders worked hard to refine their technique and constantly improve themselves in order to become better traders. It is not only about putting in a lot of hours, it is also about being open to ways of improving that may seem foreign or strange at the beginning.
No loyalty to a position
Top traders know how to cut losses short and take profits when the target is hit. They don’t get too excited about a position and make a business decision to take the profit or take the loss, based on the parameters of their system.
Stock trading consists of 4 major types of trades.
The range-bound trade: the stock is tied in a range and will remain there until there is a significant change in the supply/demand dynamics. For this trade you fade any move to the boundaries of the range with a tight stop a little bit below/above the range. If the range is broken, you will lose small amount. It is good for scalpers with shorter trading horizon.
The breakout trade: in order to break from a range, a stock needs to experience a major shift in supply/demand. A dramatic occurrence. News or expectation of news. The news doesn’t have to be connected with the individual stock. It might be something that impacts the whole industry or market. Sudden change in participants’ confidence. Not every breakout will be caused by clear news. Often it will happen at no news at all. In any case, volume should be your tell how genuine the move is. Buy several cents above the range with a stop several cents into the range. (more…)
–“All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical (technical) formations and patterns recur on a constant basis.”
–“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”
–Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.
–“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”
–“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.”
–“When a margin call reaches you, close your account. Never meet a margin call. You are on the wrong side of a market. Why send good money after bad? Keep that good money for another day.”
–“Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend.”
–A prudent speculator never argues with the tape. Markets are never wrong–opinions often are.
–Few people succeed in the market because they have no patience. They have a strong desire to get rich quickly.
–“I absolutely believe that price movement patterns are being repeated. They are recurring patterns that appear over and over, with slight variations. This is because markets are driven by humans–and human nature never changes.”
–When you make a trade, “you should have a clear target where to sell if the market moves against you. And you must obey your rules! Never sustain a loss of more than 10% of your capital. Losses are twice as expensive to make up. I always established a stop before making a trade.”
–“I am fully aware that of the millions of people who speculate in the markets, few people spend full time involved in the art of speculation. Yet, as far as I’m concerned it is a full-time job–perhaps even more than a job. Perhaps it is a vocation, where many are called but few are singled out for success.”
–“The big money is made by the sittin’ and the waitin’–not the thinking. Wait until all the factors are in your favor before making the trade.”
1. Do not argue with an idiot. He will drag you down to his level and beat you with experience. |
Turn off the news.
If you’re not feeling well for whatever reason, take the day off.
Feeling overly confident? Decrease your size.
Waffling on a trade? Pull the trigger! The hardest ones are usually winners.
Resist the urge to take off half when a trade is going your way.
Have a target in mind for every trade. Exit when price approaches that level.
Support, resistance and targets are ‘areas’, not specific prices. Give them some leeway.
Trade in the direction of the Cumulative TICK.
Unusually strong/weak Cumulative TICK? Increase your size.
Use mental stops. Adjust your stops based on the current volatility.
Establish a total maximum loss you’ll take in one day and stop trading if that’s hit.
Be conscious of your self-talk. Maintain a positive inner dialogue with yourself.
