CANDLESTICK PATTERN PIONEER Steve Nison teaches how to best use Candlestick Charts

Steve Nison Secrets to Becoming a Samurai Trader

Steve Nison Secrets to Becoming a Samurai Trader

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! 

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.

NIFTY FUT AS OF NOW. WILL IT FOLLOW TRENDLINE AND CONTINUE CORRECTION AFTER 7 DAYS OF SLUGGISHNESS AS RELIEF RALLY OR START JOURNEY TOWARDS 8000?

NIFTY FUT AS OF NOW. WILL IT FOLLOW TRENDLINE AND CONTINUE CORRECTION AFTER 7 DAYS OF SLUGGISHNESS AS RELIEF RALLY OR START JOURNEY TOWARDS 8000?
join us for accurate weekly and daily trend with target and stop levels

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MISTAKES OF A TRADER

MISTAKES OF A TRADER:

1. Living in denial about results.

2. Jumping into unplanned trades because you fear being left out

3. Chasing big moves only to find you bought top and sold low

4. Take small gains to “catch up”, market leaves you behind

5. Winners turn to losers and then you get out

6. Experiencing large mood swings; big highs, deep lows, anger and /or depression

TRADER’S TWO MOST POWERFUL WORDS: So What!

TRADER’S TWO MOST POWERFUL WORDS

Let’s face it, no matter the outcome of a trade-lose, win, draw, and even the miss-traders are rarely satisfied with the result.  This is exactly why it is so important that we utilize the two most powerful words in a stock trader’s vocabulary. And no… it does not involve four letters!  The following is a list that you can use these two words with.  You will get my point.  Of course you can add to it if you like.

I missed the trade…SO WHAT!

This trade did not work…SO WHAT!

I excited a profitable trade too early…SO WHAT!

I excited with a loss too quickly…SO WHAT!

My stock gapped against me…SO WHAT!

The stock recovered without me…SO WHAT!

A stock I was bullish on was downgraded by an ANALyst…SO WHAT!

A stock I was bearish on was upgraded by an ANALyst…SO WHAT!

The market is not trending…SO WHAT!

The market is consolidating…SO WHAT!

The market is breaking support…SO WHAT!

The market is busting out of resistance…SO WHAT!

The economy stinks but the market is going higher…SO WHAT!

SO now do you understand WHAT makes these words so powerful?  They allow you to get on to the next trade or, shall we say, the next  ONE GOOD TRADE!

Just See How We Predicted New Bull Market With All Evidences in OCTOBER 2013 and also forecasted market move for year 2014

JUST CLICK THE BELOW LINK TO READ OUR OCTOBER 2013 DETAILED ARTICLE...  
http://meghainvestments.blogspot.in/2013/10/nifty-50-can-it-do-it-this-time-nifty.html

Just See How We Predicted New Bull Market With All Evidences in OCTOBER 2013 and also forecasted market move for year 2014

TRADERS: WHEN TO BE FLEXIBLE, WHEN TO BE RIGID

TRADERS: WHEN TO BE FLEXIBLE, WHEN TO BE RIGID

1.    Traders should have a very flexible mindset about which way a trade can go when they enter it, but be very rigid about taking their stop loss when it is hit.

2.    Traders should be very flexible on profit expectations during each market cycle but very rigid about following their robust method during each cycle.

3.    Traders must be very flexible about allowing a winner to run but very rigid on cutting losses short.

4.    Traders must be flexible about their opinions and change them when proven wrong but they must be rigid about their risk management and never risk more than planned.

5.    Traders should be flexible about their watch list but rigid about their trading plan.

6.    Traders should be flexible about what will happen next in the market but rigid about their rules.

7.    Traders should be flexible about the direction of the trend when it changes but rigid about positions sizing.

8.    Traders should be flexible about profit targets but rigid about entering with a minimum risk/reward plan.

9.    Trades should be flexible about entries and exits as the market action develops but rigid about managing the risk of ruin at all times.

10. Traders should be flexible about expectations on when they will have a huge winning streak that will change their financial lives but rigidly pursue success in the markets until it does happen.

Trading Wisdom From WILLIAM EKDHARDT

Trading Wisdom From WILLIAM EKHARDT

1. What is the state of the market?

2. What is the volatility of the market?

3. What is the equity being traded?

4. What is the system or the trading orientation?

5. What is the risk aversion of the trader or client?

Regardless of how you trade or invest … you better have those answers in advance of betting real money.

BELOW ARE SOME SELECTED INVALUABLE QUOTES:

•  “If a betting game among a certain number of participants is played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you’ll gravitate toward the majority and inevitably lose.”
• “One common adage on this subject that is completely wrongheaded is: you can’t go broke taking profits. That’s precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits. The problem in a nutshell is that human nature does not operate to maximize gain but rather to maximize the chance of gain. The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.” – William Eckhardt
• “The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades. They are also able to feel the pain of losing. If you don’t feel the pain of a loss, then you’re in the same position as those unfortunate people who have no pain sensors. If they leave their hand on a hot stove, it will burn off. There is no way to survive in the world without pain. Similarly, in the markets, if the losses don’t hurt, your financial survival is tenuous.” “I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn’t feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You’re much better off going into the market on a shoestring, feeling that you can’t afford to lose. I’d rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions.” – William Eckhardt-
• “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 you’re doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak.” – William Eckhardt -
• “If you’re playing for emotional satisfaction, you’re bound to lose, because what feels good is often the wrong thing to do. Richard Dennis used to say, somewhat facetiously, “If it feels good, don’t do it.” In fact, one rule we taught the Turtles was: When all the criteria are in balance, do the thing you least want to do. You have to decide early on whether you’re playing for the fun or for the success. Whether you measure it in money or in some other way, to win at trading you have to be playing for the success.” – William Eckhardt
• “Don’t think about what the market’s going to do; you have absolutely no control over that. Think about what you’re going to do if it gets there. In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there’s nothing more for you to do. Focus instead on those things you want least to happen and on what your response will be.” 

24 RULES FOR SUCCESS IN TRADING

24 RULES FOR SUCCESS IN TRADING

1.    Plan your trades. Trade your plan.

2.    Keep a positive attitude, no matter how much you lose.

3.    Continually set higher trading goals.

4.    Successful traders have a well-scheduled planned time for studying the markets.

5.    Place the stop at the time you make your trade

6.    Avoid getting in or out of the market too often.

7.    Losses make the trader studious – not profits. Take advantage of every loss to improve your knowledge of market action.

8.    Always discipline yourself by following a pre-determined set of rules.

9.    Remember that a bear market will give back in one month what a bull market has taken three months to build

10. You must have a program, you must know your program, and you must follow your program.

11. Expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.

12. Split your profits right down the middle and never risk more than 50% of them again in the market.

13. The difference between winners and losers isn’t so much native ability as it is discipline exercised in avoiding mistakes.

14. In trading as in fencing there are the quick and the dead.

15. 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.

16. 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.

17. It’s much easier to put on a trade than to take it off.

18.You must believe in yourself and your judgement if you expect to make a living at this game.

19. In a narrow market there is no sense in trying to anticipate what the next big movement is going to be – up or down.

20. It is better to be more interested in the market’s reaction to new information than in the piece of news itself.

21. If you don’t know who you are, the markets are an expensive place to find out.

22. 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.

23. When the ship starts to sink, don’t pray – jump!

24. Lose your opinion – not your money.

To win the mental game you must have…

To win the mental game you must have…

1.    …faith in yourself.

2.    …faith in your system.

3.    … an understanding of what trading size you can handle.

4.    …an understanding of the level of losses you can deal with mentally and emotionally.

5.    …a love and passion for trading.

6.    …the belief that it is possible to win in trading.

7.    …the belief that all your hard work will be worth it.

8.    …that you are a trader, that is what you do.

9.    …the ability to have your butt kicked over and over but keep coming back.

10. …the perseverance to keep trying until you are successful.

THERE ARE THREE TYPES OF FORECASTERS IN THE MARKET

THERE ARE THREE TYPES OF FORECASTERS IN THE MARKET:

1. THOSE WHO ARE ALWAYS DIPLOMATIC. THEY WOULDN'T BEND ON EITHER SIDE. WE DON’T BLAME THEM. LET’S PUT THEM IN THE CLASSIFICATION OF ‘NEUTRAL PEOPLE’.

2. THOSE WHO ARE ALWAYS ON THE ‘ONLY BUY’ SIDE. THESE PEOPLE ARE REALLY HARD CORE INDUSTRIALISTS (HERE THE INDUSTRY IS THE ‘STOCK MARKET!). OR THEY ARE THE ‘EVER GREEN INVESTORS OR EVERGREEN OPTIMISTIC INVESTORS’. WE DON’T BLAME THE SECOND TYPES AND WE CAN’T BLAME THE FORMER TYPES !

3. NOW THIS TYPE OF PEOPLE ARE THOSE FOR WHO THINKS THERE IS ALWAYS A BULL RUN FOLLOWED BY BEAR RUN AND BEAR RUN FOLLOWED BY A BULL RUN.
THEY TRY TO FORECAST CRASHES BEFORE OTHERS DO. AND SAY IT LOUDLY.
THEY TRY TO FORECAST BULL RALLIES BEFORE OTHER DO. AND SAY IT LOUDLY.
THEY ARE ‘EARLY’ SOME TIMES. BUT THEY ARE NEVER LATE.
THEY MAY MISS THE 20%. BUT THEY TARGET THE 80%.
THEY AFFORD THEMSELVES AND THEIR INVESTORS TO MAKE PAPER LOSSES FOR FEW DAYS OR A FEW PERCENTAGES-JUST TO MAKE SURE THAT THEY ARE INVESTED TO MAKE SURE WHEN THE STOCK HAS RISEN 280% WITHIN LESS THAN A YEAR.
THEY ARE BOLD. THEY ARE INDIVIDUALISTS.
THEY ARE HONEST. THEY NEVER HIDE THEIR FACE WHEN THEY GO WRONG. THEY NEVER FALL BACK IN TAKING CREDIT FOR THEIR ANALYSIS AND BOLDNESS EITHER.
THEY ARE NOT LIKED BUY THE INDUSTRY (READ ‘STOCK MARKET INDUSTRY) BECAUSE THEY TRY RETAIL PEOPLE TO SELL/BUY BEFORE THE BROKERS, BIG HOUSES’S HNIs ETC. THEY ARE NOT AFRAID OF BEING WRONG. THEY LOSE PENNIES WHEN THEY ARE WRONG AND EARN MILLIONS WHEN THEY ARE WRIGHT.

YOU WANT TO PUT SOME TATA TELESERVICES STOCK IN YOUR PORTFOLIO FOR MULTIBAGGER RETURNS

TATA TELESERVICES (MAHARASHTRA) LTD.

This stock is trading around 7.41

We recommend a buy at this price.

Future Targets = ?

Holding Durations = ?

Contact us OR Become member to get accurate TGT, SL level and HOLDING DURATION.

We, and our clients may or may not have any position in stocks recommended, many times we exit before the given target or SL. The stocks recommended to buy may already be recommended to our clients below the given levels earlier or sell recommendations may be already given at higher levels to our clients. We give regular updates to registered members. Become registered member and get benefits of strong research and advice. Click below for details,
http://www.meghainvestments.com/index.html

Technical analysis and stock movements as well recommendations are subject to changes in market condition and news flow of company and the economy. So please remain updated with us. Or contact us directly in case of any query on info@meghainvestments.com or 09377008708

RANBAXY, CIPLA, GLENMARK FOR TRADING

Pharma stocks have become a darling of traders in recent times including the IT stocks. In many ways the way picture is being painted is that one of a competition between the two economy sectors to outperform each other. However, the rise in pharma stocks has been mainly sporadic across largecap, midcap and smallcap while that of IT stocks is secular in trend but not across market cap classifications. The trend among the IT has remained with the frontline stocks. While reverse is true for the pharma stocks. We have seen legendary rises in pharma stocks like aurobindo pharma, wockhardt pharma and such other midcap pharma stocks whlie the reverse is true for midcap counterpart in IT sector which have seen declines. However, stocks like Tata Elxi and Hexaware are trying to cover the lost ground. There are altogether different genre of IT stocks such as Geometric, which however, we @MEGHA INVESTMENTS AND RESEARCH, do not put strictly into IT space. You can take names of stocks like Kale Consultant also in the same breath.
Anyways, we want to highlight a small research done on Ranbaxy, Cipla and Glenmark for trading. We believe there is a lot room for both sectors. And stocks in these two sectors as well as fmcg should continue to remain defensive and performance generating ideas, while traders looking for big alfa may get one here and one there opportunity to take their 'kills' in the sectors like power, cap goods, retail which are trying to become the first wave in the next bull market. (Read our earlier articles here for complete market views for next several months http://meghainvestments.blogspot.in/2013/10/nifty-50-can-it-do-it-this-time-nifty.html )

CIPLA is trading at 404. RANBAXY 462, and GLENMARK which is relatively new entrant in derivatives list is trading at 537. These securities are good for trading for buy side investors as we go ahead in January with almost a whole week-kind of holiday on the back of Christmas season in half the world. Ranbaxy, should be picked with caution and above the present trading levels only as it is facing its stiffest resistance at the current prices forming triple top. Others are good to go.

Contact us OR Become member to get accurate TGT, SL level and HOLDING DURATION.

We, and our clients may or may not have any position in stocks recommended, many times we exit before the given target or SL. The stocks recommended to buy may already be recommended to our clients below the given levels earlier or sell recommendations may be already given at higher levels to our clients. We give regular updates to registered members. Become registered member and get benefits of strong research and advice. Click below for details,
http://www.meghainvestments.com/index.html

Technical analysis and stock movements as well recommendations are subject to changes in market condition and news flow of company and the economy. So please remain updated with us. Or contact us directly in case of any query on info@meghainvestments.com or 09377008708

ANOTHER COSMETIC STEP: SEBI ALLOWS ‘CREATIVITY AND INNOVATION’ IN IPO ADVERTISEMENTS

SEBI ALLOWS ‘CREATIVITY AND INNOVATION’ IN IPO ADVERTISEMENTS

In an attempt to liven up the primary stock market, the market regulator SEBI has decided to allow companies to use creativity and innovative advertisements, of course with the necessary disclosures and information as mandated.

Since, the 2010 Coal India IPO, there has been not meaningful IPO in Indian markets. The primary market has been languishing; no wonder why it is so; as the secondary market is also in doldrums amidst the exodus of retail investors. It has been the foreign institutional investors who have been holding the market at near lifetime highs and keep it going; is a harsh fact of the time.

The Indian IPO market has been sluggish for almost three years and IPO proposals worth Rs 72,000 crore are yet to hit the market despite having got regulatory clearance.

Among various reforms, Sebi has introduced an e-IPO mechanism through which investments can be done online without signing any physical documents. This has helped fast-track the public offer processing time. 

On account of streamlining of process and other external factors, the average time taken for processing offer documents has also come down from 152 days to 48 days.

Besides, a facility to procure and submit IPO forms is now available to investors in more than 1,000 locations, as SEBI has allowed use of stock broker network of stock exchanges for submitting applications. 

The investors are also now directly able to submit ASBA (Amount Supported by Blocked Amount) applications in more than 67,000 bank branches as against less than 10,000 branches that existed earlier.