Apr 2, 2016
Mar 19, 2016
NO BANKS MERGER TILL 2017-18
The roadmap to the proposed consolidation of public sector banks is expected to be rolled out by the year-end but the process may take more time to kick off. No mergers will fructify before 2017-18, sources said.
“The exercise has to be very planned and thought out, since this would mean crores of customers and over eight lakh employees…so it needs research and delicate handling if the number has to be brought down to less than 10, it will take some time,” a government official on condition of anonymity told Hindustan Times.
The official also said that the process will be undertaken only after consultation with the unions and other stakeholders.
Finance minister Arun Jaitley announced on March 5 that consolidation was the way forward for state owned banks, which will have to deal with intense competition. While a committee will be set up to look into the issue, the Banks Board Bureau (BBB) to be headed by former Comptroller and Auditor General of India Vinod Rai, too will deal with this.
Sources said that the government may also look at setting up an asset reconstruction company to help banks, which are laden with non performing assets—loans that have turned unproductive—to help them clean up their books and thereby facilitate the merger exercise.
Banks, meanwhile, have started identifying their non core assets, which can be monetized to improve their financial condition.
The gross NPAs of the state owned banks increased from 5.43% as on March 2015 to 7.30% as on December 2015. The government has decided to infuse Rs 70,000 crore by 2018, of which Rs 25,000 crore of recapitalization would be provided in the current financial year and the next. As per finance ministry calculations, a sum of about Rs 1,80,000 crore was required by the state owned banks in the next three years over as and above the average profits they make.
Feb 4, 2016
Day Trading With Short Term Price Patterns and Opening Range Breakout
Day Trading With Short Term Price Patterns and Opening Range Breakout-
Narrow range patterns come from Tony Crabbel's book, ” Day Trading with Short Term Price Patterns & Opening Range Breakout”. Even though the book, which was published in 1990, is currently out of print, many of its ideas are still effective. In particular, the NR4 (Narrow Range 4) and NR7 (Narrow Range 7) patterns are quite popular with short-term traders. The philosophy behind the pattern is similar to the Bollinger Band Squeeze: a volatility contraction is often followed by a volatility expansion. Narrow range days mark price contractions that often precede price expansions.
Narrow range patterns come from Tony Crabbel's book, ” Day Trading with Short Term Price Patterns & Opening Range Breakout”. Even though the book, which was published in 1990, is currently out of print, many of its ideas are still effective. In particular, the NR4 (Narrow Range 4) and NR7 (Narrow Range 7) patterns are quite popular with short-term traders. The philosophy behind the pattern is similar to the Bollinger Band Squeeze: a volatility contraction is often followed by a volatility expansion. Narrow range days mark price contractions that often precede price expansions.
Jan 3, 2016
% GAIN NECESSARY TO GET BACK EVEN, AFTER A CERTAIN % LOSS
TABLE FOR HOW MUCH DO YOU HAVE TO EARN TO GET BACK TO EVEN AFTER A LOSS
TABLE FOR PERCENTAGE RETURN TO EARN OVER AFTER MAKING PERCENTAGE RETURN OF LOSSES
% GAIN NECESSARY TO GET BACK EVEN, AFTER A CERTAIN % LOSS
Excellence in research since 2008
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TABLE FOR PERCENTAGE RETURN TO EARN OVER AFTER MAKING PERCENTAGE RETURN OF LOSSES
% GAIN NECESSARY TO GET BACK EVEN, AFTER A CERTAIN % LOSS
THE REASON WHY WE FOCUS ON ''SAVE THE LOSSES FIRST'' APPROACH
trade and invest successfully in Indian stock markets with usExcellence in research since 2008
visit our blog or site to know us
QUOTES FOR STOCK TRADING
QUOTES FOR STOCK TRADING INDIA
stock trading wisdom quotes
lessons in stock trading stock investing
trade less
trade with small SL
Trade with higher risk reward ratio.
Remain consistent in market.
Don't sit in front of screen whole time.
Have tremendous success in your system as far as it is not giving you losses.
join our team to earn and learn
stock trading wisdom quotes
lessons in stock trading stock investing
trade less
trade with small SL
Trade with higher risk reward ratio.
Remain consistent in market.
Don't sit in front of screen whole time.
Have tremendous success in your system as far as it is not giving you losses.
join our team to earn and learn
Dec 31, 2015
Nov 29, 2015
40 Books Recommended for investors to read
"You don’t have to burn books to destroy a culture. Just get people to stop reading them” — Ray Bradbury
Below is the list of all the books seen in the chart, as well as a few more that I couldn’t fit. I’m sure I left out a few, but if you’re looking for books on investing, this is a good place to start.
- “Reminiscences of a Stock Operator” — Edwin Lefevre, 1923
- “Security Analysis” — Benjamin Graham, David Dodd, 1934
- “Where Are the Customers’ Yachts?” — Fred Schwed Jr., 1940
- “The Intelligent Investor” — Benjamin Graham, 1949
- “The Great Crash, 1929” — John Kenneth Galbraith, 1954
- “Common Stocks and Uncommon Profits” — Philip A. Fisher, 1958
- “The Money Game” — George Goodman, 1967
- “A Random Walk Down Wall Street” — Burton Malkiel, 1973
- “Manias, Panics, and Crashes: A History of Financial Crises” — Charles Kindleberger, 1978
- “The Alchemy of Finance” — George Soros, 1987
- “Market Wizards” — Jack Schwager, 1989
- “Liar’s Poker” — Michael Lewis, 1989
- “101 Years on Wall Street, an Investor’s Almanac” — John Dennis Brown, 1991
- “Beating The Street” — Peter Lynch, 1993
- “Stocks for the Long Run” — Jeremy Siegel, 1994
- “What Works on Wall Street” — James O’Shaughnessy, 1997
- “The Essays of Warren Buffett: Lessons for Corporate America” — Lawrence Cunningham, 1997
- “Against the Gods: The Remarkable Story of Risk” — Peter Bernstein, 1998
- “Common Sense on Mutual Funds” — Jack Bogle, 1999
- “Devil Take the Hindmost: A History of Financial Speculation” — Edward Chancellor, 1999
- “When Genius Failed” — Roger Lowenstein, 2000
- “One Up On Wall Street” — Peter Lynch, 2000
- “Fooled By Randomness: The Hidden Role of Chance in Life and in the Markets” — Nassim Nicholas Taleb, 2001
- “Confessions of a Street Addict” — Jim Cramer, 2002
- “The Four Pillars of Investing: Lessons for Building a Winning Portfolio” — William Bernstein, 2002
- “Winning the Loser’s Game” — Charles Ellis, 2002
- “Bull: A History of Boom and Bust 1982-2004” — Maggie Mahar, 2004
- “Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger” — Peter Kaufman, 2005
- “All About Asset Allocation” — Rick Ferri, 2006
- “Your Money and Your Brain” — Jason Zweig, 2007
- “Bailout Nation” — Barry Ritholtz, 2009
- “The Big Short” — Michael Lewis, 2010
- “The Quants” — Scott Patterson, 2010
- “More Money Than God” — Sebastian Mallaby, 2010
- “The Most Important Thing” — Howard Marks, 2011
- “Backstage Wall Street” — Josh Brown, 2012
- “Quantitative Value” — Wesley Gray, Tobias Carlisle, 2012
- “Millennial Money: How Young Investors Can Build a Fortune” — Patrick O’Shaughnessy, 2014
- “A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan” — Ben Carlson, 2015
Nov 11, 2015
Paul Tudor Jones’ 22 Trading Principles
Paul Tudor Jones’ 22 Trading Principles
- It is possible to see that a market is dramatically overbought and
prepare for, and then capture, huge gains after the sell off.
- Risk small amounts to make big profits.
- Bet against times when numerous leaders must agree.
- Long hours and a strong work ethic are keys to being a successful
trader.
- While it is good to trade any market that will turn a profit,
specializing in a market can lead to great success.
- The markets go down faster than they go up.
- If the market will not go down during bad news, it will likely go
higher.
- The stock market moves in patterns and in cycles. Past price patterns
repeat themselves due to human emotions.
- Many times traders think a big position order size means that a whale
knows something, most times they do not.
- It is okay to skip a trade if you can’t get your entry price.
- A momentum move does not just stop, it takes time to roll over.
- It is possible to trade successfully by gaming the actions of other
traders.
- Be aggressive at high probability moments.
- Always stay in control of your trading and manage risk.
- Focus on risk management as the #1 priority in trading.
- Having the right mindset during a big loss that it is just temporary,
is the key to coming back and being successful.
- Letting profits run is sometimes a great plan.
- Being long at all time highs in the indexes is a great strategy.
- Great money managers trade with passion.
- Even Market Wizards have doubts about winning when entering a
trade.
- When the top in a market is reached, there is a lot of money to
be made shorting as panic selling sets in.
- Guys from Tennessee can trade!
Jul 27, 2015
The Future Of Currency Trading I Interesting Figures In World Forex Markets I What You Must Know About Global Currency Markets
The Future Of Currency Trading I Interesting Figures In World Forex Markets I What You Must Know About Global Currency Markets
The foreign exchange market of the future is likely
to be bigger, more tightly regulated and more diverse—in terms of currencies
traded, the range of market participants, and the technology and strategies
applied.
Larger volumes will reflect not only continuing
economic growth and greater interconnectedness, but also forex's increasing
importance as an asset class. The big banks and hedge funds will become less
dominant, as new entrants with different aims and trading strategies enter the
market.
Indeed, there are many reasons to believe that the
era of the big, high-risk position trader will end. One is the relentless rise
of algorithmic, or automated, trading: in 2004, these accounted for just 2% of
all trades; this year, for the first time, they surpassed 50%.
Then there are the new types of trader. "The
globalization of investment, with insurance and pension funds now major
investors in international capital markets, has led to the diversification of
entities that regularly turn to the forex market," says Professor Mark
Taylor, dean of Warwick Business School in the U.K
"The market is becoming more fragmented with
new players coming in, sometimes from unexpected sectors," says Michael
Kitson, an economist at the University of Cambridge Judge Business School in
the U.K. These include forex-focused mutuals and exchange-traded funds, which
may be the vanguard of a host of alternative mass-market investment products.
There is also a growing army of independent retail investors, especially in
Asia and the Far East. Mr. Kitson believes that greater competition and market
fragmentation will help create a more level playing field.
However, the greatest impact on forex markets may
be new legislation, such as Dodd-Frank, EMIR and Basel III. Dodd-Frank's
so-called Volker Clause, for example, aims to separate high-risk activities,
such as derivatives trading, from retail and commercial banking, effectively
restricting proprietary trading by banks (i.e. banks trading with their own
money). "A fundamental reason for the volatility is the diminished role of
the banks as 'market makers' due to the ban on proprietary trading,"
comments Patrick Teng, founder and chief dealer of Six Capital. He notes that
"banks have started to play broker and the role of proprietary trading is
now being taken over by independent entrepreneurial firms (such as Six
Capital), banks spinning off independent units or even by hedge funds."
"Clearly, dealers are cutting down on
proprietary trading," says Chiara Banti, lecturer in finance at the
University of Essex in the U.K., although this may also be because Basel III
exacerbates banks' funding constraints. And while dire predictions of
disruptive new regulations have not yet materialized, the most likely impact of
greater transparency will be narrower spreads. "Restrictions on
proprietary trading must have reduced liquidity, so the banks are offloading
their orders elsewhere in the market," Prof. Taylor says.
Tighter regulation to prevent rate rigging—for which
more than $9 billion of fines have so far been imposed—will make it easier to
press charges against individual traders and their managers. However, some
regulators are moving faster than others. "The plethora of new financial
regulations are not being internationally coordinated," says Mr. Kitson.
Another major effect of new regulation is that
banks will execute client orders at the daily fix electronically, eliminating
the human element and reinforcing the trend towards algorithmic or automated
trading.
Dr. Banti notes that "regulation makes trading
more expensive, while low bid-ask spreads renders market-making less
profitable. As a result, there is less proprietary trading and a decline in the
liquidity provided by dealers."
As to what will be traded, Mr. Kitson expects,
"a more diverse pool of currencies, including the yuan and the rupee, to
eventually join the main currency pairs traded, as these economies are large
and growing faster than the U.S. or Europe."
The very structure of the market is changing. Prof.
Taylor foresees a shift from the present "oligopoly" of banks, whose
market makers and trading platforms are widely used by other players, towards a
multilateral forex market. "The emergence of new players will depend very much
on developments in technology and trading platforms," he says.
"Thinking small and looking for ways to
aggregate success consistently is the way to create substantial profits and
regenerate liquidity," Mr. Teng says.
Jul 4, 2015
NIFTY DAILY CHART....NIFTY IN 2015..INDIAN STOCK MARKET 2015 PREDICTION...NIFTY FUTURE TRADING CALLS
NIFTY DAILY CHART....NIFTY IN 2015..INDIAN STOCK MARKET 2015 PREDICTION...NIFTY FUTURE TRADING CALLS...
BELOW IS NIFTY DAILY CHART AS ON TODAY...
WE HAVE GIVEN VERY SIMPLE AND BRIEF OVERVIEW OF ANALYSIS ON CHART
TO GET TRADING LEVELS CONTACT OUR CUSTOMER SERVICE PERSON
WWW.MEGHAINVESTMENTS.COM IS OUR SITE
Mar 9, 2015
Jan 13, 2015
Seven characteristics of an objective Trader BY Mark Douglas, Author of The Disciplined Trader
Seven characteristics of an objective Trader BY
Mark Douglas, Author of The Disciplined Trader
1. You feel no pressure to do anything.
2. You have no feeling of fear.
3. You feel no sense of rejection.
4. There is no right or wrong.
5. You recognize that this is what the market is
telling me, this is what I do.
6. You can observe the market from the
perspective as if you were not in a position,
7. even where you are.
8. You are not focused on money, but on the
structure of the market.
Dec 25, 2014
NIFTY FUTURE CHART INTRADAY AS ON 24 DECEMBER 2014
NIFTY FUTURE CHART INTRADAY AS ON 24 DECEMBER 2014 -
Markets are expected to correct further and gyrate both ways with a negative and selling bias till mid- January 2015 considering the Christmas vacation and subdued activity in global markets especially the Europe and the USA.
Nifty Future is the largest trading instrument on Indian Stock Exchanges.
Here is the glimpse of latest technical analysis that we have done about Nifty Futures latest movement and trading in Nifty Future Intraday
Also, contact us for free calls, tips in Nifty Future Intraday Tips
Markets are expected to correct further and gyrate both ways with a negative and selling bias till mid- January 2015 considering the Christmas vacation and subdued activity in global markets especially the Europe and the USA.
Nifty Future is the largest trading instrument on Indian Stock Exchanges.
Here is the glimpse of latest technical analysis that we have done about Nifty Futures latest movement and trading in Nifty Future Intraday
Also, contact us for free calls, tips in Nifty Future Intraday Tips
Nov 20, 2014
40 Trading Rules For Success In Trading Stocks
40 Trading Rules For Success In Trading Stocks
1. Keep records of your
trading results.
3. Don’t take the market
home.
4. Continually set higher
trading goals.
5. Successful traders buy
into bad news and sell into good news.
6. Successful traders are not afraid to buy high and sell low.
7. Successful traders have
a well-scheduled planned time for studying the markets.
8. Successful traders
isolate themselves from the opinions of others.
9. Continually strive for
patience, perseverance, determination, and rational action.
10. Never cancel a stop
loss order after you have placed it!
11. Place the stop at the
time you make your trade.
12. Never get into the
market because you are anxious because of waiting.
13. Avoid getting in or out
of the market too often.
14. Losses make the trader
studious – not profits. Take advantage of every loss to improve your knowledge
of market action.
15. 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.
16. Always discipline
yourself by following a pre-determined set of rules.
17. Remember that a bear
market will give back in one month what a bull market has taken three months to
build.
18. 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..
19. You must have a
program, you must know your program, and you must follow your program.
20. Expect and accept
losses gracefully. Those who brood over losses always miss the next
opportunity, which more than likely will
be profitable.
21. Split your profits
right down the middle and never risk more than 50% of them again in the market
22. The key to successful
trading is knowing yourself and your stress point.
23. The difference between
winners and losers isn’t so much native ability as it is discipline exercised
in avoiding mistakes.
24. In trading as in
fencing there are the quick and the dead.
25. Speech may be silver
but silence is golden. Traders with the golden touch do not talk about their
success.
26. Dream big dreams and
think tall. Very few people set goals too high. A man becomes what he thinks
about all day long.
27. Accept failure as a
step towards victory.
28. 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.
29. One cannot do anything
about yesterday. When one door closes, another door opens. The greater
opportunity always lies through the open door.
30. 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.
31. It’s much easier to put
on a trade than to take it off..
32. If a market doesn't do
what you think it should do, get out.
33. Beware of trying to
pick tops or bottoms.
34. You must believe in
yourself and your judgement if you expect to make a living at this game.
35. In a narrow market
there is no sense in trying to anticipate what the next big movement is going
to be – up or down
36. Never volunteer advice
and never brag of your winnings
37. Of all speculative
blunders, there are few greater than selling what shows a profit and keeping
what shows a loss.
38. Standing aside is a
position
39. It is better to be more
interested in the market’s reaction to new information than in the piece of
news itself.
40. 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.
Oct 25, 2014
Apollo Tyre Stock Trading View
APOLLO TYRE....TRADE IN FUTURES....
NEXT TARGET 240 OR 180??
CMP IS 220....
join us on www.meghainvestments.com to know
NEXT TARGET 240 OR 180??
CMP IS 220....
join us on www.meghainvestments.com to know
Sep 27, 2014
Steve Nison Secrets to Becoming a Samurai Trader
Steve Nison Secrets to Becoming a Samurai Trader
Aug 29, 2014
SOME EXCERPTS FROM MARK DOUGLAS' BOOK 'TRADING IN THE ZONE'
SOME EXCERPTS FROM MARK DOUGLAS' BOOK
'TRADING IN THE ZONE'
While this may sound complicated, it all boils down to learning to believe that: (1) you don't need to
know what's going to happen next to make money; (2) anything can happen; and (3) every moment is
unique, meaning every edge and outcome is truly a unique experience. The trade either works or it
doesn't. In any case, you wait for the next edge to appear and go through the process again and again.
Trading successfully feels the same way. On any given day, week, or month, the markets make
available vast amounts of money to anyone who has the capacity to put on a trade. Since the markets
are in constant motion, this money is also constantly flowing, which makes the possibilities for success
greatly magnified and seemingly within your grasp. I use the word "seemingly" to make an important
distinction between the two groups of traders. For those who have learned how to be consistent, or have
broken through what I call the "threshold of consistency,"the money is not only within their grasp; they
can virtually take it at will. I'm sure that some will find this statement shocking or difficult to believe,
but it is true. There are some limitations, but for the most part, money flows into the accounts of these
traders with such ease and effortlessness that it literally boggles most people's minds.
...any trader is taking a risk when you put on a trade, but that doesn't mean that you are
correspondingly accepting that risk. In other words, all trades are risky because the outcomes are
probable—not guaranteed. But do most traders really believe they are taking a risk when they put on a
trade? Have they really accepted that the trade has a non-guaranteed, probable outcome? Furthermore,
have they fully accepted the possible consequences?
The answer is, unequivocally, no!
'TRADING IN THE ZONE'
While this may sound complicated, it all boils down to learning to believe that: (1) you don't need to
know what's going to happen next to make money; (2) anything can happen; and (3) every moment is
unique, meaning every edge and outcome is truly a unique experience. The trade either works or it
doesn't. In any case, you wait for the next edge to appear and go through the process again and again.
Trading successfully feels the same way. On any given day, week, or month, the markets make
available vast amounts of money to anyone who has the capacity to put on a trade. Since the markets
are in constant motion, this money is also constantly flowing, which makes the possibilities for success
greatly magnified and seemingly within your grasp. I use the word "seemingly" to make an important
distinction between the two groups of traders. For those who have learned how to be consistent, or have
broken through what I call the "threshold of consistency,"the money is not only within their grasp; they
can virtually take it at will. I'm sure that some will find this statement shocking or difficult to believe,
but it is true. There are some limitations, but for the most part, money flows into the accounts of these
traders with such ease and effortlessness that it literally boggles most people's minds.
...any trader is taking a risk when you put on a trade, but that doesn't mean that you are
correspondingly accepting that risk. In other words, all trades are risky because the outcomes are
probable—not guaranteed. But do most traders really believe they are taking a risk when they put on a
trade? Have they really accepted that the trade has a non-guaranteed, probable outcome? Furthermore,
have they fully accepted the possible consequences?
The answer is, unequivocally, no!
Aug 16, 2014
SIGNS OF NEW TRADER
SIGNS OF NEW TRADER.
1 New Traders believe there is some magic trading method that always wins,
they search for the Holy Grail of trading.
2 New Traders do not understand that the very best traders have strings of losses , losing months, and
sometimes even losing years. They think rich traders always win.
3 New Traders want to know what is going up or down, they focus on tips
instead of the mechanics of trading.
4 New Traders hand out advice freely to others, good traders realize that
decisions are based on individual methods and do not give out tips.
5 New Traders are looking for that one big winning trade to go all in on,
good traders are trading good systems that they risk 1% per trade on.
6 New Traders confuse bull markets for skill.
7 New Traders confuse luck for skill.
8 New Traders want advice, good traders want robust systems.
9 New Traders run from method to method and from mentor to mentor after
every losing streak, good traders know exactly who they are and what methods
they trade.
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