DO NOT ACCOMMODATE TOO MANY POSITION WHILE TRADING

'One can not chew to many cakes at the same time'.

just eat one by one and enjoy the taste of the food.Let your system absorb the food completely.

"Chew your food and don't swallow it!"

- if you swallow the food in a hurryburry way, your stomach may upset that spoil your health.

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Create your wealth as a 'PASSION'.

Be totally into it without Greed and Fear.

The greed and fear are the Two enemies of your wealth.

As i used advice to many of my fellow traders that, Do not take too many positions/trade at one point of time.Many time the market induce the traders mind and dispel their trading inteligent;the trader simply unaware what is going to happen,they simply jump and take too many positions at a time.The market may swirl like a wild strom at anytime, just by a small news or rumours..This may change the trend of the market and go aginst your current position..So..

ALWAYS BE AWARE

1.'Be Aware - ' The RISK's involved behind each and every trade that you may make.

2.Be calculative of the the trade which you are about to make.Have pre-plan on both sides PROFIT/LOSS.

3.Manage and utilise your money/investment wisely and precisely as much as you can.

4.Do not take positions beyond your affordability/capacity.just because it is available or the over limit provision given to you by your broker.

5.Dont be greedy and Do not encourage yourself to make money too fast.just go step by step and be rooted in the ground reality.

6.Loosing money is as easier than the money you try to make out from the market.so be smart enough to keep your investment safe.safety first is first thumb rule here.

7.Be focus on one trade and sqaure it with a profit and wait for the right moment for the next trade,if there is no chance for you again to make a trade,..nothing maters;it is wiser to be idle than loosing money.Don't do trading for the sake of trading. Just be cool,relax now and than. many time rest/calmness is required to have a more clarity that will enhance your skills of trading.

8.In my experience i have seen many traders, trade in the market to recover their prvious losses.They used to be bit aggressive trader without being aware about the current trend that plays in the market environment.it is a very bad attitude of a trader. just be fresh and blank and approch each and every of your trade as a new trade with new approach , and this will make you to understand the current scenario of the market.

9.'UN-LEARN' - I Say,'unlearning is as important as learning'.

Many time too much of knowledge spoil your trade and decision making.knowledge courrupts.you simply make too many technical analysis/parameters and miss the real pulse of the market. so 'IGNORANCE IS BLISS'

10.Consistency is one of the main aspects of a succesful trader.Because they never overboard.

11.Too many positions can easily put you in a state of confussion/ imbalance, if you are not good enough to monitor. So it is always better do deal one or two positions at a time that too in one segment of The market.i.e- F and O / Equity.

Lastly,but not least,i need to convey unto you is-

' one can not reach the destiny by keeping one's leg in two boats'

Best Trading Rules For You

1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming.


2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.


3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.


4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.


5. Don't buy up into a major moving average or sell down into one.

6. Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.


7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever you can.


8. Trends test the point of last support/resistance. Enter here even if it hurts.


9. Trade with the TICK not against it. Don't be a hero. Go with the money flow.


10. If you have to look, it isn't there. Forget your college degree and trust your instincts.


11. Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.


12. The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.


13. Avoid the open. They see YOU coming sucker


14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.


15. Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.


16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.


17. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.


18. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.


19. Bottoms take longer to form than tops. Fear acts more quickly than greed and causes stocks to drop from their own weight.


20. Beat the crowd in and out the door. You have to take their money before they take yours, period.

2: Never forget rule No.1.

"Rule No.1: Never lose money.

Rule No.2: Never forget rule No.1."

There seems to be some perverse human characteristic that likes to make easy things difficult."

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.""We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.""If a business does well, the stock eventually follows."..."It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.""Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.""Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".""Wide diversification is only required when investors do not understand what they are doing."

Discipline

" Self Discipline cannot be taught it has to be learned."

Will Nifty Touch 6000 Mark?

I have been wondering since the last week....There are so many new face's seen in the market place and they proclaims a Technical Analyst and telling their prediction about nifty.. it will touch 6000 or vice versa as they wish..I do not know where they were!!. when the market was down few weeks ago..Now every TA's Saying they have foreseen this rally well before 6 months!!! But being a full time TA i am unable to predict the next day opening range? Very strange happenings in our market...all rumours are spreads around are vested intrest...DO NOT GET TRAPPED.Fallow your own trading plan and trade accordingly.Nifty will not touch 6000 now.


Last two days the FII's net buy was 2870crs.We can not always says that,the market will go up by this FII's buying. As the motive behind this companies are unique and dont know when they pour the selling to make market weak to buy the best scripts in low price...so let us focus only our trade and keep all rumours out of our ear's reach...i also wish you to stay out from market men,even they are your friends...Be secretive in all about your trade...do not disclose your position status.if, u tell your positions to some one they may intentionally or un-intentionally corrupt your mind. just by telling things against your positions...your trading psychology pattern will change.so inculcate this as one of your trading diciplines.