Anirudh Sethi Report

“Don’t ever put your ego out there where you’re afraid to say that you’re wrong, because the market is right and you are wrong. Respect that.”

 “If you’re right at the wrong time, you’re wrong.”

 “The markets are like water. They will flow to the weakest point that they can push through, and they always do.”

“The market is smarter than you will ever be, with its combined knowledge of all participants. Pay attention to the signs. Be quick to admit that you’re wrong. Don’t be afraid to miss something.”

 “I believe money is fascist. It craves stability more than anything else. Nothing bothers money more than uncertainty.”

From a Time Magazine article in 1959:

Darvas places his buy orders for levels that he considers breakout points on the upside. At the same time, he places a stop-loss sell order just below his buy order, so that if the stock does not move straight up after he buys, he will be sold out and his loss cut. “I have no ego in the stock market,” he says. “If I make a mistake I admit it immediately and get out fast.” Darvas thinks his system is the height of conservatism. Says he: “If you could play roulette with the assurance that whenever you bet $100 you could get out for $98 if you lost your bet, wouldn’t you call that good odds?” If he has a big profit in a stock, he puts the stop-loss order just below the level at which a sliding stock should meet support. He bought Universal Controls at 18, sold it at 83 on the way down after it had hit 102. “I never bought a stock at the low or sold one at the high in my life,” says Darvas. “I am satisfied to be along for most of the ride.”

Ultimately the only sign of a bad trader that counts is if you’re losing money, but there are some individual signs and characteristics of a bad trader. See if you possess any of them.

1)Your only news source is Blue Channels /Cheap Websites

 2)You can’t get over missed trades/opportunities. What if

3)You don’t track your trades.

4) You’re opposed to learning new techniques.

5)You have trouble breaking off bad trades.

6)You put too much stock in what others think.  

7)You panic and sell every time you see red.

8)You only buy on green days.

9)You blame other traders for your stock’s bad performance.

10)You use every indicator known to analyze a stock.  

11)You don’t know what stops are. (Then u Shout/Bark )

Let me know what you think. Are there any other symptoms of a bad trader?

One of my favorite trading tales involves a very wise, veteran trader who, when asked his thoughts on the market, would simply respond by saying “It’s a bull market,” or “It’s a bear market.” Younger traders simply seeking out a hot tip from the seasoned pro would often leave discouraged – or even annoyed, believing they were being fed a line. JL himself didn’t understand until years later the wisdom that was actually being dispensed with those words: The veteran was simply relaying the path of least resistance, or the trend for the general market, and therefore giving the trader an incredible edge in determining one of the many variables that makes up stock trading.

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Traders should equate the general market to that of a big river with individuals stocks as floating logs. If ones objective was to ride in the general direction of the current, they would not stand on the bank looking for a log that was bucking that trend? Furthermore, even if they found one that temporarily headed in the wrong direction, more than likely it would only be a matter of time before the log reversed course and also headed in the way of all the other logs. Read more…

This is a very inspiring video that you should all check out:

legendary speculator Jesse Livermore on LETTING YOUR WINNERS RUN

(Chapter V) … “I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements – that is, not in reading the tape but in sizing up the entire market and its trend.”

In all of “Reminiscences” this crucial idea that the Really Big Money is always earned by prudently riding the large trends over time and not in day trading every minute fluctuation is one of the central themes of the book.

“be right and sit tight”

(Chapter V) … “And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.” Read more…

No Magic -No Miracle ,Just see in my last update for this metal on 20th Feb ,I had written it will zoom to kiss 1040..when it was trading at 953 level.

-Just 4 days back it kissed 1053 & started falling.

Now just watch 1012 level.

Break below this level will create panic selling.

-Watch slide upto 987-979 level.

Short Term-Trend Down

Medium/Long Term :Up only.

Don’t trade Blindly if u face any problem just send me

Updated at 10:35/9th March/Baroda

In my Last Update ,I had written Gold will have to close above $ 1141.50 for two consecutive days then only it will show strength.

-It kissed $1145.80 in Intraday and crashed.

-Now just watch $ 1114.50 level.Break below this level will take to 1104-1100 in panic.

 Subscribers…Those who had talked me in last 2 days…What I told them ?

Don’t Buy Gold ,Sell it.From 16900 crashed to 16680 in 3 session.

Now ,Below 16710 if trades with volumes and stays for few minutes then watch panic selling upto 16582-16539.

-Don’t trade Blindly…For God sake.

-In Equity sometime by Fluke u can earn.But its sure in Commodity u will lose only.Trend ,levels are one thing…But its control by Big daddy :USA.

Updated at 10:00/9th March/Baroda

Don’t get married to trades! If a stock isn’t working for you and you are losing money, you don’t have to make it back in that stock. Likewise, don’t force a trade in a stock only because it has made you money before. Always just trade the best set-ups.

*Accept losses, they are part of the game! Prepare yourself mentally and emotionally for this eventuality. Try to limit losses when you are not on top of your game and take a break if you need one.

Above 939.50 catch it.Will kiss 947-949.50 & there after ??

921-917 are support levels.

Honeymoon or Manipulative rally over.

Today just watch 53.55 level.Decisive break with volumes will take stock to 51.55-51.05 level in hrs only.

(Any time will see huge unwind of long position in this stock…..Be cautious …On Rise Sell Sell )

-Kissing formaton @ 419 level.

-Today on Rise ,Sell it.

-Stock will slide to kiss 399 & there after huge unwind will start.

-Stock may fall upto 387-383 level.

-Another Manipulative stock…Only Lion Heart Traders trade and mint money.

Rally over ,Time to Sell !!

Yesterday closed at 428.

Don’t jump & Buy !!

101% exit from all long position.

-I see stock kissing 422-417 in minutes.

-Who will save this stock below 417 level ???

-Yes it will crash upto 402-398.

If Revives ,Sell Sell Sell

On 5th March ,I had posted this left side pic..do u remember ??

Click here & see this link :

Tata Motors :Honeymoon over for Bulls

Jokers ,Fools & Idiots will never earn…….But again our Subscribers are short from 815 level.

Click above link and see down target written on 5th MARCH itself.

Below 772 if trades then expect nonstop slide upto 742-732.(I dont change levels everyday and in Future Trading …Have patience to mint money and for kind information…I dont bother for Barking Dogs…..and Critics )

Sell -Sell -Sell !!

101% Sell it.

Yesterday’s move indicate ,Rally over.

Yesterday closed at 1894.

-Watch panic upto 1865-1846-1829 level.

-Yes ,Sell @ 9:00 & enjoy freeefall.

More Stocks Analysis to our Subscribers !!

Updated at 8:55/9th March/Baroda

If you are feeling good and happy about your day, it is ok to relax and enjoy the money. Don’t turn a great morning into a losing day. Catch yourself, it’s not worth it. In addition, if you have a bad morning and make it back to flat or a little green, call it a day and declare victory! If you push it, you are likely to end up back with a losing day.

Yesterday I had written to go short around 5148-5150 level with keeping stop of 5184 on closing basis.

-What happened ?

-Kissed 5145 …went down Intraday upto 5105 & closed at 5117.

Hurdles are intact :5144-5184.

I don’t change levels everyday and from 5025 to 5144 level in 4 sessions ,What else u want in life ?

But to get result and money..u have to use your brain and should concentrate on Market…Instead of picking up phones/Watching Blue channels and reading Websites –hosted by Jokers.

Now ,What to expect from this level ?

If not crosses -Yesterday’s high of 5145 & trades below 5123 with volumes then first support at 5095 level.

-After breaking 5095 level (Stays below 5-10 minutes will create panic in mkt)

-Watch freefall upto 5058-5036 level in panic.

-7DEMA @ 5025.

-Watch Rising Wedge on chart.

-Always favour Bears & unexpected Bad NEWS not ruled out.

First hr top again crucial.

101% Sell on Rise.

Your stoploss 5184…closing basis.

Will update more to our Subscribers during trading hrs.

Updated at 8:29/9th March/Baroda