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Karthik  Tn

Karthik Tn

City: Turuvekere

Joining Date: 22 May , 2012
Last Login: 03:04 PM - 24 Jan , 2013
IP Address of Last Login - 115.242.217xxx
Profile Verified by Mobile.

Reply for: How to upload chart?

Karthik Tn at 05:49 PM - Dec 18, 2012 ( )

I could do it. Thanksa lot Mr.Nitin.

Reply for: Lead

Karthik Tn at 05:47 PM - Dec 18, 2012 ( )



New Thread: How to upload chart?

Karthik Tn at 05:27 PM - Dec 18, 2012 ( )

I am facing problem in uploading chart. Can anybody tell me how to do it in mudraa?

New Thread: Lead

Karthik Tn at 05:02 PM - Dec 18, 2012 ( )

Lead Daily Chart

New Thread: An Interesting conversation

Karthik Tn at 11:39 AM - Aug 17, 2012 ( )

Dear Dr. Van Tharp:

 What’s a reasonable goal for me as a trader? Can I make a living trading? Can I make millions trading? Is that reasonable for a former professional?

I’m aged 46, and I’d like to move into fulltime trading. I’ve accumulated about $200,000 in cash. What is possible for me given my age and goal to become a full-time trader?

 Sincerely,

E.R.

Dear E.R.,

 

Your trading goal is up to you. You can certainly become a full-time trader. That is probably possible within a year to 18 months. You can certainly take a million dollars out of the market, and you could reach the stage where you take a million dollars out of the market each year. It depends on what you are willing to do.

 However, there are a number of questions that you will need to ask yourself because each scenario has a different answer. How much do you love trading? How committed are you to being a full-time trader making millions? Are you willing to work 12 to 16 hours a day, six days per week, for the next five years? Are you willing to use at least four to six of those hours a day to start your own trading business? Are you willing to spend another hour or two a day developing probably the most valuable skill you could ever have, self knowledge?

Are you willing to give up most of your free time—at least until your trading business is off and running soundly? And are you willing to think about trading when your family is still enjoying the things that you used to do together? Will you do whatever it takes to be the best (including discipline and full  responsibility for your results)? You would need to start by spending at least the first six months really

working on yourself, looking at all your psychological patterns and developing ways to overcome any personal obstacles. In addition, you will need another four to six months to develop a business plan that will be the basis of your trading business. Most people don’t treat trading like a business. And most businesses fail because people don’t plan.

Are you willing to learn a new way of thinking about the markets? This means thinking in terms of a reward-to-risk ratio, understanding that risk is what you lose when you lose in a trade, and understanding that position sizing is the core of how you’ll work to meet your profit targets. Most of what you have

learned about the markets needs to be turned upside down, examined, and then thrown out as

garbage. Could you handle it? Would you be able to develop at least three systems that fit the big picture? And are you willing to work on these systems enough that they become great systems?

I mention all this because all these things are required if you are serious about being a top trader who earns a lot of money in this field. I have made the studying of top traders my vocation and have written books on all these subjects for years. It’s all up to you. Are you willing to do the necessary work or is the goal too lofty?

 

Dear Dr. Van Tharp:

I’m just an average investor. Tell me how to make a lot of money, but make it easy and not complicated. I don’t have the time, and I’m an average investor.

Thanks, R.M.

Dear R.M.,

What you don’t seem to understand is that trading is a profession. If you are a doctor, you spent years of study learning to practice your profession well. You can’t just walk in off the street and perform brain surgery even if you’ve read a textbook about it. Similarly, if you are an engineer, you also spent years learning your profession. You can’t just start building a bridge without the training behind it. The bridge probably would fall apart. So when you tell me you are an average investor, you are telling me that you have no training and that you don’t plan to spend the time getting the training. That means you’ll probably get average results, and average investors generally lose money.

New Thread: Accept Losses

Karthik Tn at 04:07 PM - Aug 04, 2012 ( )

Accept Losses

One of the most important quality of a successful trader is the ability to accept losses and to take them promptly. Perhaps the single greatest downfall of all traders is the inability to take a loss when it should be taken. Losses have a nasty habit of becoming worse rather better. Unless they are taken when they should be , the results will not be to your liking.

Although it is easier on one hand for a day trader to take loss than a positional trader (since a loss must be accepted by the end of the trading day ) , it is still the downfall of many futures traders who are unwilling to accept the loss when it is a reasonable one. The good futures trader must have the ability to take a loss when the time to take that loss is right. What’s right is dictated by particular trading system or  risk management technique you are using. From my experience is perhaps percent or more of all losses are due to not taken losses when they are small or relatively small or when they should be taken.

I can certainly speak from experience when I say that my largest loss resulted from the fact that I refused to take the loss when the time was right . I allowed a $500 loss to turn into a $5000 loss. Fortunately that was the first and last time I was guilty of that serious transgression.

Here are some suggestions as to how to improve your ability to take loses when they should be taken :

 

1. Formulate your stop loss rules specifically whether they relate to  system or specific risk amount and type or write your rules in large print and place a hard copy near your trading place and refer then frequently.

2.Makee the commitment to accept completely your next ten losses as dictated by your system . Once you have done this , the behavior will become habitual and losses will be easier to accept.

3.If you trade with a full service broker make him aware that of where your stop loss will be and ask him to remind you.

4. Place your stop loss as soon as your entry order has been filled.

Source : Market Masters written by Jake Bernstein.

 

 

Reply for: Be Persistence

Karthik Tn at 07:00 PM - Jul 29, 2012 ( )

Thank you so much for appriciating. Every saturday I will be posting such articles.

 

New Thread: Be Persistence

Karthik Tn at 11:16 AM - Jul 28, 2012 ( )

Be Persistence

One of the most important quality a trader can posses is persistence. Trading requires the ability to continue trading even when results have not been good!!. Due to the nature of markets and trading systems , good times frequently follow bad times , and bad times frequently follow good times. Some of a trader’s greatest success occur following a string of losses. This is why traders must be persistence in applying their trading methods and continue using them for a reasonable period of time.

Individuals who quit too soon will not be in the markets when their systems begins to work ; those who quit too late will run out trading capital. Therefore , although persistence is important , it is  also important to quit and not play any longer using the existing system.

How do you develop persistence? While the answer appears simple , the implementation is not. The only way to be persistence is to force yourself initially to do everything that must be done according to the dictates of your system or method.

If you are having difficulty , try this. Make a commitment to a trading system or method. Follow through with that approach for a specific amount of time ; take every trade according to the system with as much consistence as possible. If  you are consistent in applying your rules , most cases you will have profits to show for your efforts. Even if your trading is not successful , you will have learned a great deal. You have learned that in a disciplined fashion and , moreover , that the only way to do is to be persistence by following as many trades and rules as possible.

Now compare the above scenarios to the ignorance and confusion that come from haphazardly trading or inconsistently applying trading rules. Think back to your experiences as  a trader. Remember your worst losing trades. You will find that losses that were taken according to a system or method are easier to accept psychologically , whereas those that were not accepted according to the rules often turn into terrible monsters , ultimately costing you much , much more than they should have financially as well as psychologically. To master the skill of persistence , you need to practice it. Make the commitment , and you will see some wonderful results , even over the short term.

 

Source : Intelligent futures trading By Chick Goslin

 

Reply for: Nifty Projection near term

Karthik Tn at 08:34 PM - Jul 25, 2012 ( )

Below 5090 Nifty will be bearish for medium term.

New Thread: Advice to traders

Karthik Tn at 08:30 PM - Jul 25, 2012 ( )

Advice to traders

There will be times when your calculations misfire; what had seemed to be easy campaign will turns out hard.  Not everything can foresee. Not only it is important to pick your battle carefully , then , but you must also know when to accept your losses and quit.

In 1971 the boxers Mohammed Ali and Joe Fraizer , both at the heights of their career , met for the world heavy weight championship. It was a grueling match and one of the most famous match in the history of world boxing. Fraizer won by decision after nearly knocking out Mohammed Ali in 14 th round. But both men suffered horribly in the fight ; both threw lot of punches . Ali wanted revenge and he gained a rematch in 1974 – another 15 round grueling match and won by decision. Both boxers were unhappy, they wanted more conclusive result. So they met again in 1975 in the famous ‘Thrilla in Manila ‘ . This time Ali won the match , but neither man were the same again : these three matches had taken two much out of  them which shortened their careers. Pride and anger had taken their power.

Do not fall into the trap of anger and revenge ; know when to stop.

Source : The 33 strategies of war written by Robert Green

Reply for: Competency matrix

Karthik Tn at 01:40 PM - Jul 23, 2012 ( )

People can learn a lot about life by observing nature's creatures, observations that can benefit every aspect of someone's life. Let us examine a cougar and how it hunts for prey. The cougar is one of nature's fiercest creatures. When hunting for prey, a cougar is strategic. If a cougar fInds a herd of deer, it will wait patiently observing the entire herd looking for the weakness within the herd. The reason for this is that the cougar can only run at top speed for short distances. Therefore, it is imperative to get as close to its prey as possible before making a killing strike. Otherwise, the opportunity will be lost and it may be some time before the next one appears.

The more days that the cougar goes without food, the slower it will be able to run, thus making it harder and harder to attack its prey.

 

So why are we talking about cougars?

 

Playing the market is very much like the cougar's hunt for prey. Whether you are trading the Forex market, the Futures market, the Options market, the Equities market, and so forth, you must have a plan before entering each trade. If you do not, it will be harder and harder to find

Opportunities because each lost opportunity will take a toll mentally, physically, and psychologically on your well-being.

 

Therefore, you must observe the instrument greatly before executing a trade. A trader observes the instrument patiently until an opportunity is seen. Once an opportunity is present, a plan is executed. Someone once told me "Trading is neither logical nor predictable." After years of trading, I can honestly say that statement is completely true. It is a probability game, You have to have a system to help increase your probability of success or you are just gambling. By rolling a dice, a person has a probability of 50 percent on the desired outcome. Therefore, one of our

goals is to trade with a higher probability of success than 50 percent. How do you do that? This can be achieved by creating a trading system that maximizes profits when you are right and minimizes losses when you are wrong (i.e., play trends instead of consolidation patterns). A trend is when price goes in a certain direction for a long period of time whereas a consolidation

pattern is where price goes "back and forth" among a range of prices.

New Thread: Lessons from nature

Karthik Tn at 01:34 PM - Jul 23, 2012 ( )

People can learn a lot about life by observing nature's creatures, observations that can benefit every aspect of someone's life. Let us examine a cougar and how it hunts for prey. The cougar is one of nature's fiercest creatures. When hunting for prey, a cougar is strategic. If a cougar fInds a herd of deer, it will wait patiently observing the entire herd looking for the weakness within the herd. The reason for this is that the cougar can only run at top speed for short distances. Therefore, it is imperative to get as close to its prey as possible before making a killing strike. Otherwise, the opportunity will be lost and it may be some time before the next one appears.

The more days that the cougar goes without food, the slower it will be able to run, thus making it harder and harder to attack its prey.

 

So why are we talking about cougars?

 

Playing the market is very much like the cougar's hunt for prey. Whether you are trading the Forex market, the Futures market, the Options market, the Equities market, and so forth, you must have a plan before entering each trade. If you do not, it will be harder and harder to find

Opportunities because each lost opportunity will take a toll mentally, physically, and psychologically on your well-being.

 

Therefore, you must observe the instrument greatly before executing a trade. A trader observes the instrument patiently until an opportunity is seen. Once an opportunity is present, a plan is executed. Someone once told me "Trading is neither logical nor predictable." After years of trading, I can honestly say that statement is completely true. It is a probability game, You have to have a system to help increase your probability of success or you are just gambling. By rolling a dice, a person has a probability of 50 percent on the desired outcome. Therefore, one of our

goals is to trade with a higher probability of success than 50 percent. How do you do that? This can be achieved by creating a trading system that maximizes profits when you are right and minimizes losses when you are wrong (i.e., play trends instead of consolidation patterns). A trend is when price goes in a certain direction for a long period of time whereas a consolidation

pattern is where price goes "back and forth" among a range of prices.

New Thread: Competency matrix

Karthik Tn at 01:57 PM - Jul 16, 2012 ( )

Competency Matrix

 

The competency matrix reveals a process whereby individual progresses from one level of competence to another. The phase of the matrix as they apply to trading includes the following:

 

Unconscious incompetence stage

Conscious incompetent stage

Unconscious competent stage

Conscious competent stage

 

1. Unconscious incompetent stage: This stage describes a person who cannot trade successfully but doesn’t know it. Too many online traders fit into this category.

2. Conscious incompetent stage:  describes a person who cannot trade successfully and knows it!! . He should seek education and knowledge before proceeding.

3. The conscious competent stage: describes a person who can trade successfully by thinking about it and following a plan. Many have been confused into thinking they are in this phase when in reality they are experiencing luck in bull market.

4. Unconscious competent stage:  describes a person who can trade successfully and consistently on pure instincts. While mechanical knowledge is dynamic, it is likely that these people can reach and remain in this stage because they know themselves well and they understand the psychological influences on their thinking. This stage is the goal of every trader.

New Thread: Competency matrix

Karthik Tn at 11:11 AM - Jul 16, 2012 ( )

 

Competency Matrix

 

 

 

The competency matrix reveals a process whereby individual progresses from one level of competence to another. The phase of the matrix as they apply to trading includes the following:

 

 

 

Unconscious incompetence stage

Conscious incompetent stage

Unconscious competent stage

Conscious competent stage

 

 

 

1. Unconscious incompetent stage: This stage describes a person who cannot trade successfully but doesn’t know it. Too many online traders fit into this category.

 

2. Conscious incompetent stage:  describes a person who cannot trade successfully and knows it!! . He should seek education and knowledge before proceeding.

 

3. The conscious competent stage: describes a person who can trade successfully by thinking about it and following a plan. Many have been confused into thinking they are in this phase when in reality they are experiencing luck in bull market.

 

4. Unconscious competent stage:  describes a person who can trade successfully and consistently on pure instincts. While mechanical knowledge is dynamic, it is likely that these people can reach and remain in this stage because they know themselves well and they understand the psychological influences on their thinking. This stage is the goal of every trader.

Where are you now??

 

New Thread: Know yourself before trading

Karthik Tn at 12:35 PM - Jul 10, 2012 ( )

Know yourself before you trade

 

Please read the following statements. None of them has a right or wrong connotation. Don’t spend too much time in thinking about RIGHT answers, but rather, let yourself have the response that occurs to you spontaneously. Then enter the appropriate number into each box in accordance with the following point scale. Be honest with YOURSELF to know YOURSELF

 

Section A

Never            = 4

Rarely            =3

Sometimes   =2

Often             =1

Always          =0

 

  1. (   )  If my plan goes wrong, I stay angry with myself for quite a while.
  2. (   )  I tend to worry a lot about money.
  3. (   )  I know that having a lot of money will finally make me happy.
  4. (   )  I need people around me to be able to work effectively.
  5. (  )  I find it difficult to work in disorganized situations.
  6. (   ) When things don’t go according to plan, I lose my concentration.
  7. (   ) Little things tend to upset me.
  8. (  ) I tend to be critical to myself.
  9. (  ) I have a tendency to second guess myself
  10. (  ) I trust luck more than skill
  11. (  ) I tend to gamble and take big risk and I cannot control this habit.
  12. (  ) I tend to use drugs and / or alcohol to make myself feel good.
  13. (  ) I have major financial problem
  14. (  ) I feel dissatisfied with myself and my life.
  15. (  ) I often feel overwhelmed with my problems.
  16. (  ) In trading I will be pleased only with above average profits.
  17. (  ) I need money I will make in trading to solve several major life problems.
  18. (  ) I buy lottery tickets all the time.
  19. (  ) When I make an error in judgment, others will look down on me.
  20. (  ) I like having things my own way
  21. (  ) I don’t like rules and prefer to do things my own way.
  22. (  ) I want to do things perfectly the first time and get angry at myself when I cannot.
  23. (  ) I blame the market when my trades do not go well
  24. (  ) I get carried away by the feeling of the moment.
  25. (  ) I take failure personally and tend to think about it for a long time period.
  26. (  ) I have a problematic relationship with money.
  27. (  ) I don’t like making decisions until I feel totally sure that I am right.

(  ) Total of Section A

 

Section B

Point Scale

Always             = 4

Often                = 3

Sometimes      = 2

Rarely               = 1

Never               =  0

  1. (  ) I believe I can become financially secure by hard work.
  2. (  ) My life is good and successful
  3. (  ) I get nervous under stressful situations, but I usually recover quickly.
  4. (  ) I enjoy working hard.
  5. (  ) I feel confident in myself.
  6. (  ) I am happy with how successful my life has been and is.
  7. (  ) I fell in control of my life most of the time and I know where I want it to go.
  8. (  ) I believe I can find solutions to most problems life presents to me.
  9. (  ) When I am in pursuit of an important goal, I can be very patient and determined.
  10. (  )  believe that one of the keys to success in trading is to always take the responsibility for the consequences of the outcome.
  11.  (  ) I can focus for hours on things I am interested in.
  12.  (  ) The market never ceases to fascinate me.
  13.  (  ) I can easily work by myself and don’t need anyone to direct me.
  14. (  ) I am by nature optimistic and have a positive attitude.
  15. (  ) I believe in the saying that the harder I work, the luckier I get.
  16. (  ) I think that failure is just another word for learning experience.
  17. (  ) I love learning new skills and working on challenging situations.
  18.  (  )  I feel that I have sufficient training to start trading.
  19. (  ) I would not like to lose my initial trading stake, but if I did, it would not be the end of the world.
  20.  (  ) I have a clear understanding of the trading process and can navigate with ease
  21. (  ) When I enter a trade, I have a clear picture in mind about when to exit and how.
  22. (  ) I see management of loss of trading capital as the most crucial discipline in trading.
  23. (  ) Having begun to trade, I adhere rigidly and invariably to my mental stops.
  24. (  ) I have committed myself to make trading work for me and will provide necessary financial and time resources for myself.
  25. (  ) I believe an up or down market will provide daily trading opportunities so vast and bountiful that I cannot ever exploit them all.
  26. (  ) When I feel stressed, I have a routine in place that will help me cope.
  27. (  ) I have a good social support system that includes other traders with whom I exchange ideas on a regular basis.
  28. (  ) I read financial publications and books and keep a trading journal in order to improve my performance and to document what works.

(  ) Total of Section B

(  ) Grand Total Sum of A and B

Congratulations!! You have finished the questionnaire except for the scoring and the interpretation of your score.

 

Point Range

Group a             224-168

Group B            168-112

Group C              112-56

Group D               56-0

 

 

Interpretation

Those of you who scored in the 224 to 168 range have superior prospects of doing well in trading. Your attitude is excellent as are motivation and commitment to the process. Whatever obstacles you encounter, you will likely overcome fairly easily and quickly. With more sufficient emotional, technical and financial resources, your outlook is indeed bright.

The prospects for those scoring in the range of group B are obviously not as good as for the higher – scoring group, but you have a more than fair chance at doing well. There are some issues concerning motivation and emotional stamina, but you ought to be able to overcome them with practice and training.

Group C scorers show some serious problems in the areas of self esteem, money and conduct of life in general. It would be wise to resolve these difficult to deal with the financial losses and their impact on your life. In this group, as in the others, motivation, practice and determination can still produce results. Guidance and mentoring would nonetheless be helpful and perhaps even mandatory.

Group D going to be in a difficult situation. In spite of motivation, there are serious limiting factors in the areas of personality style, excessive expectations and risk taking, lack of flexibility and difficulty in handling the emotional and stressful aspects of high speed and intensely charged market situations. EXTREME CAUTION IS ADVISED BEFORE TRADING.

This questionnaire was designed by Dr. Peter Berndt.

 

New Thread: Know about yourself

Karthik Tn at 10:21 AM - Jul 09, 2012 ( )

Know yourself before you trade

 

Please read the following statements. None of them has a right or wrong connotation. Don’t spend too much time in thinking about RIGHT answers, but rather, let yourself have the response that occurs to you spontaneously. Then enter the appropriate number into each box in accordance with the following point scale. Be honest with YOURSELF to know YOURSELF

 

Section A

Never            = 4

Rarely            =3

Sometimes   =2

Often             =1

Always          =0

 

  1. (   )  If my plan goes wrong, I stay angry with myself for quite a while.
  2. (   )  I tend to worry a lot about money.
  3. (   )  I know that having a lot of money will finally make me happy.
  4. (   )  I need people around me to be able to work effectively.
  5. (  )  I find it difficult to work in disorganized situations.
  6. (   ) When things don’t go according to plan, I lose my concentration.
  7. (   ) Little things tend to upset me.
  8. (  ) I tend to be critical to myself.
  9. (  ) I have a tendency to second guess myself
  10. (  ) I trust luck more than skill
  11. (  ) I tend to gamble and take big risk and I cannot control this habit.
  12. (  ) I tend to use drugs and / or alcohol to make myself feel good.
  13. (  ) I have major financial problem
  14. (  ) I feel dissatisfied with myself and my life.
  15. (  ) I often feel overwhelmed with my problems.
  16. (  ) In trading I will be pleased only with above average profits.
  17. (  ) I need money I will make in trading to solve several major life problems.
  18. (  ) I buy lottery tickets all the time.
  19. (  ) When I make an error in judgment, others will look down on me.
  20. (  ) I like having things my own way
  21. (  ) I don’t like rules and prefer to do things my own way.
  22. (  ) I want to do things perfectly the first time and get angry at myself when I cannot.
  23. (  ) I blame the market when my trades do not go well
  24. (  ) I get carried away by the feeling of the moment.
  25. (  ) I take failure personally and tend to think about it for a long time period.
  26. (  ) I have a problematic relationship with money.
  27. (  ) I don’t like making decisions until I feel totally sure that I am right.

(  ) Total of Section A

 

Section B

Point Scale

Always             = 4

Often                = 3

Sometimes      = 2

Rarely               = 1

Never               =  0

  1. (  ) I believe I can become financially secure by hard work.
  2. (  ) My life is good and successful
  3. (  ) I get nervous under stressful situations, but I usually recover quickly.
  4. (  ) I enjoy working hard.
  5. (  ) I feel confident in myself.
  6. (  ) I am happy with how successful my life has been and is.
  7. (  ) I fell in control of my life most of the time and I know where I want it to go.
  8. (  ) I believe I can find solutions to most problems life presents to me.
  9. (  ) When I am in pursuit of an important goal, I can be very patient and determined.
  10. (  )  believe that one of the keys to success in trading is to always take the responsibility for the consequences of the outcome.
  11.  (  ) I can focus for hours on things I am interested in.
  12.  (  ) The market never ceases to fascinate me.
  13.  (  ) I can easily work by myself and don’t need anyone to direct me.
  14. (  ) I am by nature optimistic and have a positive attitude.
  15. (  ) I believe in the saying that the harder I work, the luckier I get.
  16. (  ) I think that failure is just another word for learning experience.
  17. (  ) I love learning new skills and working on challenging situations.
  18.  (  )  I feel that I have sufficient training to start trading.
  19. (  ) I would not like to lose my initial trading stake, but if I did, it would not be the end of the world.
  20.  (  ) I have a clear understanding of the trading process and can navigate with ease
  21. (  ) When I enter a trade, I have a clear picture in mind about when to exit and how.
  22. (  ) I see management of loss of trading capital as the most crucial discipline in trading.
  23. (  ) Having begun to trade, I adhere rigidly and invariably to my mental stops.
  24. (  ) I have committed myself to make trading work for me and will provide necessary financial and time resources for myself.
  25. (  ) I believe an up or down market will provide daily trading opportunities so vast and bountiful that I cannot ever exploit them all.
  26. (  ) When I feel stressed, I have a routine in place that will help me cope.
  27. (  ) I have a good social support system that includes other traders with whom I exchange ideas on a regular basis.
  28. (  ) I read financial publications and books and keep a trading journal in order to improve my performance and to document what works.

(  ) Total of Section B

(  ) Grand Total Sum of A and B

Congratulations!! You have finished the questionnaire except for the scoring and the interpretation of your score.

 

Point Range

Group a             224-168

Group B            168-112

Group C              112-56

Group D               56-0

 

 

Interpretation

Those of you who scored in the 224 to 168 range have superior prospects of doing well in trading. Your attitude is excellent as are motivation and commitment to the process. Whatever obstacles you encounter, you will likely overcome fairly easily and quickly. With more sufficient emotional, technical and financial resources, your outlook is indeed bright.

The prospects for those scoring in the range of group B are obviously not as good as for the higher – scoring group, but you have a more than fair chance at doing well. There are some issues concerning motivation and emotional stamina, but you ought to be able to overcome them with practice and training.

Group C scorers show some serious problems in the areas of self esteem, money and conduct of life in general. It would be wise to resolve these difficult to deal with the financial losses and their impact on your life. In this group, as in the others, motivation, practice and determination can still produce results. Guidance and mentoring would nonetheless be helpful and perhaps even mandatory.

Group D going to be in a difficult situation. In spite of motivation, there are serious limiting factors in the areas of personality style, excessive expectations and risk taking, lack of flexibility and difficulty in handling the emotional and stressful aspects of high speed and intensely charged market situations. EXTREME CAUTION IS ADVISED BEFORE TRADING.

This questionnaire was designed by Dr. Peter Berndt.

 

Reply for: Nifty Projection near term

Karthik Tn at 12:40 PM - Jul 05, 2012 ( )

Nifty is currently racing resistance at 5300 region that is 61.8% retracement. Apart from this I do not see any reversal indications. If Nifty gives a strong close above 5300 then we can expect 5400. I would consider reversal of the trend only below 5200.

Reply for: Buy Sesa Goa

Karthik Tn at 09:45 AM - Jul 05, 2012 ( )

I also like to add one more point that Sesa Goa was trading between a Rs.175-200 for nearly 3 months and yesterday breakout has happened. So for me the significant of this breakout is high.

Reply for: Buy Sesa Goa

Karthik Tn at 09:42 AM - Jul 05, 2012 ( )

This call was given based on chart patterns.Sesa Goa has tested Rs.200 twice that is on 3 rd March and 21st may. But was unable to break. But Yesterday it has closed above this important resistance. So we can expect some more upside. Yes News is over we may not see 4% up move in a single day like wt happened yesterday. But the overall trend for short term to medium term is up. Please correct me if I am wrong.

New Thread: Buy Sesa Goa

Karthik Tn at 09:30 AM - Jul 05, 2012 ( )

Buy Sesa Goa for short term at cmp Rs.206 reversal if closes below 181 target 230 and above.

New Thread: simple rules of trading

Karthik Tn at 11:49 AM - Jun 30, 2012 ( )

 3 simple rules of trading by Alen Hull

 

They look simple but following them is difficult for most of us and these are the rules which are frequently violated by most of the traders.

 

1 Buy a rising share - sell a falling share

2 Always use a stop loss that moves up with price activity

3 Never risk more than 2% of total capital on any individual trade

 

Buy a rising share - sell a falling share

This rule is often confused with 'buy low - sell high' which has 85% of share traders buying shares that are going down in price in the hope that they will immediately turn around and start going up. This mistake leads to the sad statistic that 85% of share traders lose money.

 

'Buy a rising share - sell a falling share' is all about buying into markets that are already rising, which is so painfully obvious that the majority of share traders, ie. 85% of them, don't do it. The reason for this is simple and psychological; human beings are counter-intuitive by nature. So in order to be successful we must be prepared to stop thinking like everybody else.

 

Always use a stop loss that moves up with price activity

An initial stop loss is a price level that defines the point at which we are ready to admit that the market is not behaving as we would expect and we are prepared to sell. In other words this is the point where we admit that the trade is a failure. All share traders have losing trades and the only fatal failure in the marketplace is the failure to execute one's stop losses. When the market moves in the direction we expect it to then the price at which we are prepared to sell should move with it, locking in profits. If our stop loss has moved beyond our entry price (the point at which we bought into the market) and we fail to sell if it is triggered, then we are being greedy; this will also prove fatal.

 

Never risk more than 2% of total capital on any individual trade

The game of coin toss is a fair game of chance where no participant should expect to win or lose over the long term. As global equity markets have risen by an average of 9% per annum for the past 100 years, all share traders should expect to profit by an average of 9% per annum. So why do only 15% of share traders make money? Answer…the ability to survive.If a participant wishes to remain in a game of coin toss for the long term then they would have to be able to sustain a string of up to 8 consecutive losses. This is because a string of 8 consecutive losses is likely to occur in a game where there are 2 equally possible outcomes. The same logic applies to the Stock market where the majority of share traders in the U.S. in the 1990s had an average life expectancy of only 8 trades. So in order to survive in the marketplace long enough to enjoy the average return of 9% per annum over the long term, it is essential that share traders can sustain an extended string of losses. By only risking 2% of total capital on any individual trade, a share trader can sustain up to 194 consecutive losses.

New Thread: Buy Hero Motoco

Karthik Tn at 10:04 AM - Jun 29, 2012 ( )

Buy Hero Motoco at cmp 2129 sl blw 2080 tgt 2170and above - positional call



From: karthik TN at 11:10 AM - Jun 29, 2012( )


Hero mot 2144

New Thread: SBI

Karthik Tn at 01:13 PM - Jun 28, 2012 ( )

Write SBI July 2150 call option at CMP 48. If SBi trades above Rs.2135 exit. SBI can slip to 2055-2030 levels. Trade as per your capital and risk apetite 

New Thread: Let us try to THINK

Karthik Tn at 10:46 AM - Jun 28, 2012 ( )

I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. I don’t mean of course that in a bear market caused by a war, ammunition shares do not go up. I speak in a general sense. But the average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think. It is too much bother to have to count the money that he picks up from the ground. —-Edwin LeFevre

New Thread: Money Management rules of Jesse Livermore

Karthik Tn at 11:22 AM - Jun 25, 2012 ( )

Money Management rules of Jesse Livermore

 

Don’t buy entire position all at one time.

 

1. Do not take your entire position all at once.

 

2. Wait for confirmation of your judgment—pay more for each lot you buy—dollar average upward.

 

3. At the beginning of each trade first establish in your mind the total, exact amount of shares you want to purchase if all goes well, or specify the amount of dollars you are willing to commit; do this before you begin the trade.

 

 
Never lose more than 10% of your capital

The 10 percent loss rule became Livermore’s most important rule for managing money. In some respects, it is also a key timing rule, since it often automatically sets the time to exit a trade—when you have lost 10 percent or more of your invested capital, you must exit the trade. Also, a trader must set a firm stop before opening a trade. The consequences of big losses are drastic—you must gain back 100 percent to cover a loss of 50 percent.


Remember, never meet a margin call, and never average losses.



Always keep a cash reserve

 

 
The successful speculator must always have cash in reserve, like a good general who keeps troops in reserve for exactly the right moment, when the odds are in his favor, and then moves with great conviction, and commits his reserve armies for the final crushing victory.



There are times when playing the stock market that your money should be inactive, waiting on the sidelines in cash to come into play in the stock market. It was Livermore’s belief that in the stock market:

Time is not money

Time is time

And money is money.



You need a good reason to buy a stock and also a good reason to sell

 

 
Stick with the winners—as long as the stock is acting right, do not be in a hurry to take a profit. You must know you are right in your basic judgment,or you would have no profit at all. If there is nothing basically negative, well then, let it ride! It may grow into a very large profit. As long as the action of the overall market and the stock does not give you cause to worry, let it ride—have the courage of your convictions. Stay with it!

 

 
Always withdraw the profit

 

 
Livermore recommended parking 50 percent of your profits from a successful trade, especially where you doubled your original capital. Set this money aside, take it out of the stock market so you have to make a conscious effort to put it back in. Put it in the bank, hold it in reserve, lock it up in a safe deposit box, stuff it in your mattress—just put it somewhere safe. Like winning in the casino, it’s a good idea, now and then, to take your winnings off the table, and turn them into cash. There is no better time then after a large win on a stock. Cash is your secret bullet in the chamber.

 

 
Stay away from cheap stocks

 

 
One of the greatest mistakes that even experienced investors make is buying cheap securities just because they are selling at a low price. Although in some instances stock demand may push the stock from a small per share price of say, $5 or $10 a share to over $100, many of these low-priced
stocks later sink into oblivion by going into receivership, or else they struggle for years and years, with only the slightest prospect of ever returning a profit to their shareholders.

New Thread: Yes Bank

Karthik Tn at 10:20 AM - Jun 22, 2012 ( )

Buy Yes Bank at Rs.340.50 tgt 350-360 sl closing blw 325 (Positional call)

New Thread: Hero Motoco

Karthik Tn at 11:50 AM - Jun 20, 2012 ( )

Risky Call : Buy Hero motoco at cmp Rs.2046 sl blw 1985 tgt 2085 and above (positional call)

New Thread: Money Management in Trading

Karthik Tn at 10:33 AM - Jun 18, 2012 ( )

Money Management

 

Money management means how you allocate and manage your capital. It is about how many contracts you do on each particular trade. It is about how and when you take profits or losses.

 

The most important rule in money management is survival. Because if you do not survive, you cannot continue to play.

 

It is absolutely essential you always know how to give up on a losing position. No position is worth getting wiped out for, there will always be another trade.

 

When deciding how many contracts to buy/sell, avoid going above your comfort level. When you are positioned too heavily, it is easy to get frightened out prematurely. Given a choice it is better to be less rich than poor.

 

Take smaller positions when you are even or a net loser. Take larger position when you have profits.

 

If you are substantially ahead, take some money out of your account.If you ever become aware that you are stuck in a market and it is hard to take a loss because it too big for you, there is only one intelligent action you can do: JUST GET OUT immediately at market price.

 

If you get into a losing streak, quit trading for a few days, rest, do something nice for yourself, read a book and resolve tougher. Once you feel you are ready, resume trading as if it is your first trade.

 

- Source ‘Intelligent futures trading’ by Chick Goslin

Reply for: Join guys :) who born between 1978 to1984 :)

Karthik Tn at 02:58 PM - May 30, 2012 ( )

Born in 1983 . sweet Smilememories

Reply for: StressBuster -- Jokes

Karthik Tn at 03:33 PM - May 25, 2012 ( )

Too goodLaughing

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