THE DREAM

Becoming a full-time trader is the dream of many. The problem is that it is very easy to be wiped out in the
learning process. Some lucky people have the skills to make money from the stock market and keep it,
knowing very little. This is because they are skilled at money management and taking risks. They know
how to handle a risk. Bookmakers generally make good traders because they are skilled, practised at risktaking,
and know how to handle stress.


The stock market by its very nature is designed for you to lose money.
It is created automatically.

To overcome these problems you need to develop a disciplined trading system for yourself.

HAPPY WEEKEND!

HAPPY DIWALI BULLS AND BERS

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Nifty analysis

GREETING

VELLORE DALALSTREET BLOGSPOT

COMMODITY CALLS

Position trade Silver closing Blows 29535 two Days weak trend
Lead new uptrend 100.70 breakout

What were the worst trading mistakes that we commited from the list?

Just curious to see what were worst trading mistakes that we commited for the list just to help each others....* Traded blindly without any homework or trading plans (poor discipline).* Traded impatinanctly in congestion or non-trending zone (poor trade plan).* Traded without Stop Loss or with too big Stop Losses (poor Risk Management).* Traded way too many trades in a day resulting net losses (poor Risk and Money Management). * Traded against the prevailing trend and then booked losses (poor Plan and Risk Management).* Traded with the trend but booked small profit and too early.* Traded with good plan (mm, rm, plan, discipline) but with no faith in the plan resulting less profit to cover other big losses.* Traded booking small profits and big losses.* Traded at Market Price in less volume scrips resulting big losses.* Traded on speculations, rumour or news and getting traped in Market Makers game resulting big losses.* Traded within fear/greed barrier and without knowing risk/reward ratio.* Traded on spoon fed tips resulting huge losses.* Traded getting psyched from CNBC or US/Europe speculations and resulted huge losses.* Have commited all above and now seasoned trader.* Have commited some of Marked above Plus some other* None of above but some other.* Never commited any mistakes.* Traded not even realizing after loosing lots of money & time in markets is Not Knowing which Time frame suits personality.* Averaging and overleveraging to losing position and selling in panic. * Converted intraday or swing trades into short term and long term without reasons. * Committed some or all of above - again and again.* Was unable to bare the loss and then traded more and more to recover the loss..ultimately completely or nearly wiped out the account.

BOOK PROFIT

BOOK PROFIT BATA INDIA CMP 291

Dear All,
Nifty closed at 22.75 on 23rd Jul'10. Nifty's PER(Price/Earnings Ratio) chart from the year 1999 is reproduced below. PER exceeded 24 only on two occasions ie. in 2000 and 2008, after a gap of eight years. On both occasions heavy market crash followed and PER came down to 12. As financial cycles are generally of eight years duration PER exceeding 24 may not happen now and then. Therefore, ordinary retail investors are advised to ignore the profit beyond 23 (2+3=5, all fib numbers) and stay away from the market till PER reduces to a reasonable level after a correction. Who are extremely confident and able to take risk can ignore this and try their luck.
Nifty @ 23 PE Ratio -> 5509
Nifty @ 24 PE Ratio -> 5748
Lakshman Rekha for Nifty is 5566 (Major Hurdle). Once closes above this level for 3 consecutive days, then Nifty is sure of reaching lifetime high of 6279. Considering the above scenarios this upmove will terminate around 5500 levels. 5500 call has the highest open Interest for august series reflects the nifty's inability to cross 5500 levels by august expiry. Similarly highopen interest is seen at 5400 put level. So, the downmove is also limited to 5400 levels. Let's wait and watch the way ahead after august expiry.

WEEKLY TRADING CALLS (26/07/10)

BATA INDIA BUY 279.75 TGT 285,289,297 SL 266

TOOLS FOR SUCCESS

SELF DISCIPLINE You WILL do your market studies every day, thoroughly and religiously, and that you WILL FOLLOW the rules of successful trading. PERSISTENCE Don't be a quitter after taking a few losses. In order to win big you have to stay in the game. CONSISTENCY Once you learn the rules and methods, you have to use them over and over, and over again, exactly as you have learned them. SELF-CONTROL You'll have to able to control your two worst emotions: FEAR & GREED. KNOWLEDGE Learning how the markets work, as well as a few very simple easy to learn methods, will be VITAL in your quest for success. START UP CAPITAL You'll need start up capital to begin your trading adventure. Just how much will you need? Keep reading and you'll find an answer!

WEEKLY TRADING CALLS (19/07/10)

TINPLATE BUY 79.95 TGT 81.40,83,86 SL 74.20

weekly trading calls (12/07/10

Apollo hospitals enterprises

buy 760.40 tgt 776, 790, 820, sl 740

50 Time Tested Classic Stock Trading Rules

1. Plan your trades. Trade your plan.
2. Keep records of your trading results.
3. Keep a positive attitude, no matter how much you lose.
4. Don’t take the market home.
5. Continually set higher trading goals.
6. Successful traders buy into bad news and sell into good news.
7. Successful traders are not afraid to buy high and sell low.
8. Successful traders have a well-scheduled planned time for studying the markets.
9. Successful traders isolate themselves from the opinions of others.
10. Continually strive for patience, perseverance, determination, and rational action.
11. Limit your losses – use stops!
12. Never cancel a stop loss order after you have placed it!
13. Place the stop at the time you make your trade.
14. Never get into the market because you are anxious because of waiting.
15. Avoid getting in or out of the market too often.
16. Losses make the trader studious – not profits. Take advantage of every loss to improve your knowledge of market action.
17. The most difficult task in speculation is not prediction but self-control. Successful trading is difficult and frustrating. You are the most important element in the equation for success.
18. Always discipline yourself by following a pre-determined set of rules.
19. Remember that a bear market will give back in one month what a bull market has taken three months to build.
20. Don’t ever allow a big winning trade to turn into a loser. Stop yourself out if the market moves against you 20% from your peak profit point.
21. You must have a program, you must know your program, and you must follow your program.
22. Expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.
23. Split your profits right down the middle and never risk more than 50% of them again in the market.
24. The key to successful trading is knowing yourself and your stress point.
25. The difference between winners and losers isn’t so much native ability as it is discipline exercised in avoiding mistakes.
26. In trading as in fencing there are the quick and the dead.
27. Speech may be silver but silence is golden. Traders with the golden touch do not talk about their success.
28. Dream big dreams and think tall. Very few people set goals too high. A man becomes what he thinks about all day long.
29. Accept failure as a step towards victory.
30. Have you taken a loss? Forget it quickly. Have you taken a profit? Forget it even quicker! Don’t let ego and greed inhibit clear thinking and hard work.
31. One cannot do anything about yesterday. When one door closes, another door opens. The greater opportunity always lies through the open door.
32. The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this he is safe. When he ignores this, he is lost and doomed.
33. It’s much easier to put on a trade than to take it off.
34. If a market doesn’t do what you think it should do, get out.
35. Beware of large positions that can control your emotions. Don’t be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts.
36. Never add to a losing position.
37. Beware of trying to pick tops or bottoms.
38. You must believe in yourself and your judgement if you expect to make a living at this game.
39. In a narrow market there is no sense in trying to anticipate what the next big movement is going to be – up or down.
40. A loss never bothers me after I take it. I forget it overnight. But being wrong and not taking the loss – that is what does the damage to the pocket book and to the soul.
41. Never volunteer advice and never brag of your winnings.
42. Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.
43. Standing aside is a position.
44. It is better to be more interested in the market’s reaction to new information than in the piece of news itself.
45. If you don’t know who you are, the markets are an expensive place to find out.
46. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word – Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen.
47. Except in unusual circumstances, get in the habit of taking your profit too soon. Don’t torment yourself if a trade continues winning without you. Chances are it won’t continue long. If it does, console yourself by thinking of all the times when liquidating early reserved gains that you would have otherwise lost.
48. When the ship starts to sink, don’t pray – jump!
49. Lose your opinion – not your money.
50. Assimilate into your very bones a set of trading rules that works for you.

Have a great weekend!

Nifty Weekly Trend(28/03/10)

Nifty Weekly Magic Numbers
Last Close-5282
Positive Trend-5254.25
Magic Numbers-5295/5320/5361-5213/5188/5147

Nifty Weekly Trend 21/03/10

Nifty Weekly Magic Numbers
Last Close-5262.8
Positive Trend-5210
Magic Numbers-5275/5315/5380-5146/5107/5042

Nifty Weekly Trend(15/03/2010)

Nifty weekly Magic Numbers

Last Close-5137

Positive Trends-5129

Magic Numbers-5154/5169/5195-5103/5088/5063

Nifty Weekly Majic Numbers

Nifty Close-5088.7
Positive Trend-5047
Magic Numbers-5117/5160/5230-4977/4934/4864

power of the magic numbers

Today High 5093.25
My all magic numbers Achived......

Happy Holi to all Blog Readers 01.03.2010

Happy and Colourful Holi to all Bulls and Bears

NIFTY WEEKLY TREND

LAST CLOSE 4922.3
POSITIVE TREND 4915
WEEKLY MAGIC NUMBERS 4976/5013/5074 -4855/4817/4756

Today Union Budget(26/02/2010)

Wait & See

Nifty Weekly Trend

Last close 4845
Positive Trend 4852
Weekly Magic Numbers 4908/4942/4998-4797/4762/4707

power of the magic numbers

Hi viewers
Today (18/02/2010) posted the magic numbers. positive trend number 4900 below cut market was reversed in nagative side. market touched 4873 low level. we giving the magic number 4873 showed

Nifty today (18/02/2010) magic number

Hi Traders
Trend Positive-4900
Today Magic numbers-4928/4945/4972-4873/4856/4828

Nifty weekly trend

close spot 4826.85
positive trend 4782.00
Nifty magic number: 4846 / 4886 / 4950 / 4717 / 4677 / 4613

Every market has a bottom, every bottom has a hole in it.