People are successful in business because, while they make mistakes at first, they study these mistakes and avoid them in the future. Then by gradually acquiring a knowledge of the basic principles of success, they develop into good business men. Buthow many apply this rule to investing and trading? Very few do any studying at… Read More »
Always establish a stop. A successful speculator must set a firm stop before making a trade and must never sustain a loss of more than 10 percent of invested capital. I have also learned that when your broker calls you and tells you he needs more money for a margin requirement on a stock that… Read More »
Faith in your system = Belief through back testing + Experience of winning with it for years Whether any individual trade is a winner or loser should not influence your faith in your system and trading method. You should trade in a way that each trade is just one trade out of the next 100.… Read More »
Foreign investors have been offered long-term certainty in tax laws, including postponement of the controversial general anti-avoidance tax rules (GAAR) until at least 2016-17. A committee set up by Prime Minister Manmohan Singh to examine all aspects of taxation of foreign investors has also recommended that tax certificates issued to them by the Mauritius government… Read More »
*BERNANKE SAYS STAGNATION IN LABOR MARKET IS `GRAVE CONCERN’ *BERNANKE SAYS FED WILL BOOST ACCOMMODATION AS NEEDED FOR GROWTH *BERNANKE SAYS HE WOULDN’T RULE OUT FURTHER ASSET PURCHASES *BERNANKE: QE `SIGNIFICANTLY LOWERED LONG-TERM TREASURY YIELDS’ *BERNANKE SAYS IMPACT OF QE IS `ECONOMICALLY MEANINGFUL’ *BERNANKE: BIG BOOST IN QE MAY REDUCE CONFIDENCE IN SMOOTH EXIT Those… Read More »
Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In “good times,” even errors are profitable; in “bad times” even the most well researched trades go awry. This is the nature of trading; accept it. To trade successfully, think like a fundamentalist;… Read More »
Axis Bank Waterfall decline 1118 to 1007 in 4 days, Double bottom formed at 1007 Buy above 1018 Tgt 1029,1042 and 1051 Sell below 1006 Tgt 997 and 987 Rel Infra Trading within channel Buy above 461 Tgt 467,473 and 479 Sell below 454 Tgt 449,442 and 431 PFC Buy above 157.4 TGt… Read More »
“In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it’s important not to be emotionally attached to large profits. I’ve certainly made some of my worst trades after long periods of winning. When you’re on a big winning streak, there’s a temptation to think that… Read More »
If you jump into the river like a piece of twig, you’ll be pushed around and get washed away. But if you jump in like a fish, you’ll be able to deal with the flow of river. To deal with anything, you need to educate yourself…train yourself. And if you are already a trained person… Read More »
To be successful trader Develop a poise in your mind that can withstand all swings of emotions by dealing with your daily challenges/ duties responsibly, confidently. Only a calm mind can deal with a hurricane. Only a faithful mind can receive divinity. Only an obedient person can become a master. Bharti Airtel Formed a Doji… Read More »