Beginners as well as those not able to find successful trades:
Knowledge: To make consistent profits from stock market, understand the market first using a simple study such as the Basic technical analysis using Channels, Lead & lag indicators.
Belief: Having studied, have a strong belief in them that they'll produce results.
Discipline-I: With a strong belief, initiate a trade as in God's command written in scriptures.
Patience: Once a trade is initiated, sit through patiently for the price to lead you to the targets/ through the journey while having an ironclad stop loss for any "surprises".
Discipline-II: Remember to part book, once the prices start to move in "your" direction and exit the trades once SL is breached or target is reached or reversal signals are seen.
Caution: As you get closer to the market, eg: in day trading, your level of consciousness and experience need to be high as well as your ability to manage your trades. If you are not qualified enough, do not destroy your capital.
Safety: Instead, go for "Positional trades" based on either a simple TA or JNSAR. Even here, the "close basis" signals are more trustworthy.
Fear: Everyone has fear including the champions and heroes. You deal with fear, only by facing it and you can face it only if you have a strong belief system. Waving mind has no place here.
Greed: Just as fear can bury you, greed can blow you away. Hence, stay grounded by remaining "silent", part booking/ exiting without celebrations.
Holy grail: "Secrecy & Silence" are the two key ingredients for success. Do not fritter away your successes by talking about it. Let making money be your sole aim. Let you believe in your study and act only when the wind is favourable and remaining idle during all other times.
Get Rich Slowly and Quietly.
Knowledge: To make consistent profits from stock market, understand the market first using a simple study such as the Basic technical analysis using Channels, Lead & lag indicators.
Belief: Having studied, have a strong belief in them that they'll produce results.
Discipline-I: With a strong belief, initiate a trade as in God's command written in scriptures.
Patience: Once a trade is initiated, sit through patiently for the price to lead you to the targets/ through the journey while having an ironclad stop loss for any "surprises".
Discipline-II: Remember to part book, once the prices start to move in "your" direction and exit the trades once SL is breached or target is reached or reversal signals are seen.
Caution: As you get closer to the market, eg: in day trading, your level of consciousness and experience need to be high as well as your ability to manage your trades. If you are not qualified enough, do not destroy your capital.
Safety: Instead, go for "Positional trades" based on either a simple TA or JNSAR. Even here, the "close basis" signals are more trustworthy.
Fear: Everyone has fear including the champions and heroes. You deal with fear, only by facing it and you can face it only if you have a strong belief system. Waving mind has no place here.
Greed: Just as fear can bury you, greed can blow you away. Hence, stay grounded by remaining "silent", part booking/ exiting without celebrations.
Holy grail: "Secrecy & Silence" are the two key ingredients for success. Do not fritter away your successes by talking about it. Let making money be your sole aim. Let you believe in your study and act only when the wind is favourable and remaining idle during all other times.
Get Rich Slowly and Quietly.
44 comments:
Namaste Ilango Sir & Blogmates,
Bearish: Bulls were unable to hold onto Thursday’s gain and surrendered meekly with the CE Writers making sure that 5800 and above strike price is out of bounds for the Bulls....; Option Analysis for 12-10-2012
Yearly, Weekly & Monthly Profile Charts and Values
Dedicated Site for Option Open Interest
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@Good Morning Master & Friends
Good Morning Sir
I loved the Holy Grail Part
Cheers
Good Morning, Ilango Ji.
Thanks for the wonderful summary.
DR Ji,
Good Morning,
Let me check with the exchange and the organiser if they had recorded the seminar and let you know.
Namaste Ilango Sir and JN Family
llango sir Good Morning
Have A NICE DAY !
good morning sir and all friends
HA update
for today HA open 5686
for this week HA open 5688
wish u all the best.
good morning master and blogmates
Good morning Sir,
One post and all charged up for next week.
Thanks again
Good morning Master
Thank you very much for your wealthy article.
Namaste Dear Sir and all friends
brief and nice teaching coming from a seasoned Master.
have a nice day of trading
good morning master and blogmates
Hi Good Morning The Level Of The Market Has Not Yet Been Predicted On A Rise Or Fall, Where It Would Stand.
Good morning ilango sir & all blogmates.
Rgds
Saravanan
Sir Ilango ji good morning
Good morning Master and Friends.
Namaste Ilango Sir & all members.
Can anybody confirm:as i am learning patterns!
on daily chart nifty is trading in a falling wedge pattern?
thanks.
Good Morning Gurudev and friends!
5655 broken...
Good Morning Ilango Sir & Friends...
Good Morning Ilango Sir & JN Friends
Master ilango and friends,
Good morning to all
Master thanks for the wonderful Post.
Hope to learn a lot more from it.
Regards
☺☺☺☺
5700ce writing swiftly
volume around 2000000 in first 15 min
Master,
Open High same 5676.25
clapped
will be travelling next three days.
Open High same in nifty futures as well 5687
@parminderji,
JNSAR is also short.............
BN falling quickly, worth longing if supported @ 11290?
parminder ji
Tutey ga bhai tutey ga
123 pattern making in (but JNSAR is short)
High volume trade is at 5651. now zingalala whole day!!!
Respected Master & all the seniors and blog mates
Very Good morning,
Dear Parminderji as per nse india site at 9;15 opening candle of the NS spot the open is 5674.25 & High is 5676.85 so pls do suggest where to look for the same as your good self is posted open and high same hence this query pls do advice.
For last 11 trading hours RIL is attempting to move above 34hrsma in vain.
Good morning all. Nifty 5700 CE & PE are written @140.
anmpatel
http://www.youtube.com/watch?v=EpiQ7OBXk-U
this hour HA open is 5670.54
@ Parimal sir,
For RIL what is the present 34Hrsma and 21 Hrsma.
Goodmorning master DR Ji and all JN friends
Have a wonderful learning and earning session to you all today.
Good Luck !!!
@DR
ha..ha..nice
akhir me to zingalala giri...
rel-sp: 34/21 sma hrly=819.3
New Post Done.
rel -sp, expected to be bearish
as of now
@DR ji
Head and shoulder pattern on bank nifty futures now has 2 right shoulders! Its looking more like a "Draupadi's sari" pattern :D
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