Indian Economy : A Snapshot

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   Good traders manage the downside; they don't worry about the upside.


                                                                                                                                     Mark Minervini

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There are million ways to make money in this markets. The irony is that they are all very difficult to find.



                                                                                                                                         Jack Schwager

Indian household Assets

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Luck exists.But the able man act so as to minimize bad luck and augment good luck.


                                                                                                                                                                                                                                      Dickson G Watts

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You can't afford to throw away your capital on suboptimal trades. If you do, you will be too debilitated to trade when the right positions come along.


                                                                                                                                                                                                                                          Richard Dennis

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Don't force trades. Do not attempt to create an opportunity where one does not exist. Be patient. There will be trades tomorrow or the next day. The market always provides opportunities over the time even though none may exist today. Don't ever force yourself to trade if an opportunity is readily not apparent.

                                                                                                                                                                                                                                           Jake Bernstein

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The most important part of making money is not losing it. Capital preservation is easy to forget in an exciting bull market.

                                                                                                           James Gipson

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Charting is little like surfing. You don't have to know a lot about the physics of tides, resonance and fluid dynamics in order to catch a good wave. You just have to be able to sense when its happening and then have the drive to act at the right time.

                                                                                                                                                                                                                                                  Ed Seykota

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Trading is not a one-size-fits-all proposition; each trader must tailor an individual approach. Its is essential to select a method that fits your personality. There is no single right way to trade the markets. Concentrate on mastering one style that suits your personality, which is a lifetime process.

                                                                                                          Steve Cohen                                 

                                                                                                                          

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It is not important whether you are right or wrong, but how much money you make when you are right and how much money you lose when you are wrong is important.

                                                                                                        George Soros

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There are two sides to everything  in life but there is only one side to the stock market and that is the right side. One should always strive to be on the right side of  market, whether it is the bull side or the bear side of the market.

                                                                                                                                                                                                                                   Jesse Livermore

NTPC Analysis

NTPC has moved upside today after a little congestion of three days and technically stock may touch  the levels of 182,185 its next resistance level with a stop loss of 175.50.


Subject to disclaimer.

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Every stock is like a human being ; it has a personality - a distinctive personality - aggressive , reserved, hyper , high-strung, volatile, boring, direct, logical, predictable, unpredictable. I often study stocks like I would study people; after a while their reactions to certain circumstances become more predictable.

                                                                                                                                                                                                                                     Jesse Livermore

Jesse Livermore 21 Trading Rules

Here are the stock trading rules that made  Jesse Livermore’s  one of the world’s greatest fortunes. 
Jesse Livermore is perhaps the most famous stock trader of all-time.
Back in the early part of 20th century , Livermore made and lost millions shorting the market.

Many successful stock and commodity traders still base their methods on these rules.

Livermore constructed his rules over several years, while learning by trial and error what worked on the markets. He was guided by one of his favorite principles:

“There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”

Some rules of JesseLivermore which every trader needs to keep in mind :

1.Nothing new ever occurs in the business of speculating or investing in securities and commodities.

2.Money cannot consistently be made trading every day or every week during the year.

3.Don't trust your own opinion and back your judgment until the action of the market itself confirms your opinion.

4.Markets are never wrong - opinions often are.

5.The real money made in speculating has been in commitments showing in profit right from the start.

6.At long as a stock is acting right, and the market is right, do not be in a hurry to take profits.

7.One should never permit speculative ventures to run into investments.

8.The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.

9.Never buy a stock because it has had a big decline from its previous high.

10.Never sell a stock because it seems high-priced.

11.I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.

12.Never average losses.

13.The human side of every person is the greatest enemy of the average investor or speculator.

14.Wishful thinking must be banished.

15.Big movements take time to develop.

16.It is not good to be too curious about all the reasons behind price movements.

17.It is much easier to watch a few than many.

18.If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.

19.The leaders of today may not be the leaders of two years from now.

20.Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.

21.Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.

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