In life, as in trading, the right mindset is crucial for success. You must be confident in your decisions because they are based on cause and effect, not on emotions or opinion. Negative people who are unsure of themselves are not successful in any field. You need faith in yourself and your methods to be able to persevere and not give up before reaching success.

• You can risk too much and lose it all in your business, life, marriage, friendships or family. You have to measure the potential cost of every action. One affair can cost you your marriage, just like one big trade with too much risk can cost you all your capital.

• In business there are certain methods which bring in customers and turn a profit, and others which cause a business to turn away customers and lose money. Trading is similar: methods which turn a consistent and long-term profit are essential for success.

• Having unrealistic expectations in a marriage, job, or business will lead to unhappiness and failure just like it will in trading. You have to set realistic expectations so
you do not get discouraged easily and quit in any of these areas. You have to be satisfied that the results are worth your effort over the long term. You need to understand what to expect before you begin a marriage, a job, a business, or trading. >> Read More

In life, as in trading, the right mindset is crucial for success. You must be confident in your decisions because they are based on cause and effect, not on emotions or opinion. Negative people who are unsure of themselves are not successful in any field. You need faith in yourself and your methods to be able to persevere and not give up before reaching success.

Yesterday Enjoyed Blast in Adani Ent ,Adani Power ??Yes …We love Dish TV !!

Yes ,BATA……….too Blasted and kissed our Target 

As Expected :Colgate crashed vertically and still looking weak.Ranbaxy it was Bloodbath and still looking weak !!

Yes ,Just need Patience………………Nothing else.

Keep A Stop of 61—60……………………………..Buy this stock and Forget.

Risk Rs.2 only.

Once it will cross 63 level with volumes………..We see BLAST BLAST upto  67-68 level very soon.

(Is it possible before Month end it will cross 72 level ??? )

Below 313 level it will favour Bears only.

We see PANIC upto 303—————–299 level very soon (Sell on Rise )

Below 157 level…………………………………No Buying @ all.Once Breaks 155 with volumes and trades below 

Target :152—–150 level in hrs only.On Rise ,Sell Sell !!

Once Breaks 1080 with volumes………….not crosses 1094 will take to 1037——-1023 level.

(101% Manipulative Stock ,On Rise sell sell )

-Many Stocks are Looking Tired and Great Unwinding not ruled out.

Will Update more to our Subscribers.Updated at 9:02/21st May/Baroda

“Trend  followers use reactive technical analysis. Instead of trying to predict a market direction, their strategy is to react to the market’s movements whenever they occur. This enables them to focus on the market’s actual moves and not get emotionally involved with trying to predict direction or duration.” -Michael Covel/ Trend Following

You Might be a Trend Following Trader if…..

1. …you love buying break outs above resistance and new all time highs.
2. …big trends make you happy not angry.
3. …you do not trade the concept of something being overbought you just use a trailing stop.
4. …your trading decisions are based on what is happening now, not your opinions, your fears of what will happen, or your hopes of what will happen later.
5. …you risk a little capital over and over again to make a lot of capital eventually.
6. …you are great at letting your winners run.
7. …trend followers don’t need a story they follow actual price action.
8. …you look for longs in a bull market and shorts in a bear market you are likely a trend follower.
9. …higher highs and higher lows are one of your best indicators to go long.

ALL CYLINDERS OF THE ENGINE MUST BE RUNNING EFFICIENTLY. “Day-trading is a job, and your paycheck is determined by your ability. You can only maximize your ability if you have all the information you need to make trading decisions. “If a piece of equipment that one uses for trading is not working, stop trading.

World was Running for Voltas ,Crompton (on 6th May ,see what we had written ).Siemens ,Larsen…….!!!!!

Have u seen Blast in Adani Port ??Tons of Money Minted in Last 3 sessions.

Idiots ,Fools ,Jokers ,Critics ,Lazy Traders will never earn.Just see …What happened to Mcdowell ???

We Love REC ,PFC ,PTC ,Power Grid ,CESC ,Adani Power-Short Term ..Blast on card.

Bata ,Century ,Dish Tv ,T.Chemicals ,Adani Power ,Adani Ent,Mcdowell

Today ,Above 67.90 level if trades for 5-10 minutes…………………..Grab it in TONS !!

We see RALLY & Blast upto 71.25 level in hrs only.

Major Hurdle at 72.If able to cross and close above this level ,Mark our Words ,Stock will kiss 76–77 level (Before results are out ? )

Stock May Not Break 65 level………………….But will zoom to kiss 77+ ????

(Watch Management on Tv …Very soon )

Above 2402 ,Our Short Term Target intact of 2492—————–2582 level !!

Our Long Term Target Rs.3100 (No if and but )

Today ,Above 2430……………Last Hurdle @ 2439.Once crosses 2439 with volumes ,We see Nonstop Rally upto 2468—2477.50 & there after 2506 level.

Will Update More to our Subscribers.

Above 234.50 level ,No worry for Bulls.We see BLAST upto 247—-250 level in hrs only.

LAXMAN REKHA @ 250.CROSSOVER  & Close above this level for 2 Consecutive days will take to 270-277 level !!

(Hold and Forget )

Consider 46———45 as Major Support level and Buy this stock and Hold for next 1 month !!

SHORT Term Target :54–56 ——62 level (in hrs only we can see ??? )

Big NEWS on card (By Month end )

Above 818………………….Grab it and See stock kissing 830 level in hrs only.

Now ,Two Consecutive close above 830 will take to 883———-899 level very soon.

(Big News in Bata ,Century on card….Jameen ka mamla hai )

-More Stocks ,More News ,Intraday levels to our Subscribers.

Updated at 8:50/20th May/Baroda

Did you think that you “got too greedy” after your winner turned into loser? If so, join the club. But if you dwell on that point, you are missing one of the keys to successful trading.

The trading gods are not out to get you. There is no rule that says you are only allowed to make a given amount of money on a given day. And the markets, for sure, do not know your current positions. Yes, I know, sometimes it feels that way though.

At its core, trading involves “Expected Value” –simply put, the combination of probabilities and potential payouts. EV = (Probabilities)(Payouts). When the EV is in your favor, then you have a definable edge. And great traders trade only when they have an edge. It has nothing to do with greed. It has everything to do with simple math. >> Read More

Who could have thought, one year ago, that we would one day see an AAPL bond prospectus for floating and fixed rate notes (due between 2016 and 2043). And yet here we are, as the preannounced AAPL bond prospectus goes live and proves what we said months ago: that some $100 billion of the company’s offshore held cash is non-US recourse courtesy of repatriation taxes, forcing the company to raise even more cash to fund US-based capital decisions. Perhaps the most surprising (or least) thing is who the lead underwriter would be. No surprise anymore:Goldman Sachs.

Steve Jobs is spinning at a steady RPM in the afterlife as the “growth company” dream is now officially over.

Click to Enlarge 

ANIRUDHSETHIREPORT ,BARODA/INDIA

Power Shift: First in a series on the rise of the central bankers and the global imposition of cheap credit

Quietly, without much public fuss or discussion, a new ruling class has risen in the richer nations.

These men and women are unelected and tend to shun the publicity hogged by the politicians with whom they co-exist.

They are the world’s central bankers. Every six weeks or so, they gather in Basel, Switzerland, for secret discussions and, to an extent at least, they act in concert.

The decisions that emerge from those meetings affect the entire world. And yet the broad public has a dim understanding, if any, of the job they do.

In fact, these individuals now wield at least as much influence over the lives of ordinary citizens as prime ministers and presidents.

Read more… @ CBC

If you are still making the same mistakes and not making progress read the above paragraph. If not, chances are you are starting to make progress.  You are seeing things better, making better decisions.  You are starting to take more from them than they are taking from you.  This is when trading starts to get fun again.  But it comes with great responsibility.  You now know what is possible.  You have a choice.  You can go back to the beginning or start building on your success.   Now there are no excuses.  You can either do it or not.

• Don’t let up
• Accept the responsibility to yourself
• Don’t let yourself fall into the traps from earlier in your career

The difference between a professional and retail trader is the duration and frequency they spend in the stages or if they ever get to next stage.  Every day I have the ability to trade like it is my first day.  I have proven that many times before.  So I come in at stage one everyday and work my way through them.  Each day spending  only as much time is needed. But always starting at the first.

Last Close :5500

Yesterday ,Boldly written it will face Hurdle at 7DEMA and it was at 5631 level.It kissed 5622 & Crashed vertically !!

Three Possibilities : 

1)Below 5695 level ,Our Target intact :5440——————–5355 level very soon !!

2)Already Broken Head & Shoulder Neckline @ 5690-5700 level.

-Height of Head : 400 points 

-5700 -400 :5300 level.

3)Qtly Chart indicates ,Below 5800 level it will favour Bears only.Target :5480-5425 & there after Nonstop slide upto 5284-5231 is possible.

Qtly Chart levels valid till June ’2013

Now ,Just u have to remember these three points only.Nothing else.

Forget 200 DMA ,Forget Economy ,Forget Fundamentals ,Forget policies -Just watch FIIs activities +USD Movement !!

-Again Result season to start ,Again Insider Trading +Result leak …..Golmaal to start soon.

Just see GAP @ 5455 ………………….It will fill this gap very soon !!

Today’s Hurdle  @ 5526—————-5534 level.

Now Crossover and stays above 5534 with volumes for 15-20 minutes or more will take to 5558—–5566 level !!

Traders will see level of 5457————–5402 level in panic very soon.(Below 5623 ,No Buying on Rise Sell Sell )

101% More Details to our Subscribers during trading hrs.

Updated at 8:57/10th APRIL/BARODA/INDIA

• Think risk first and profit second — Profitable traders view every potential and actual trade through the lens of risk or whether they are willing to truly accept the potential damage to their account as opposed to focusing on the potential reward of trades.
• Accept risk — Profitable traders truly accept the associated risks once they decide the potential reward is worth it.  These traders understand that in order to win consistently they MUST experience controlled losses.  They know that if they minimize losses and exercise patience with winners, they can reap incredible profits.
• Think more/Trade less –  Profitable traders know that their profit on every trade lay in the short distance between their ears.  They understand that the siren song of securities is an invitation to trouble much of the time.  They spend more time assessing a security’s overall chart structure and identifying optimal transaction points rather than focusing on the physical activity of clicking an entry or exit.
• Stalkers — Profitable traders are disciplined and patient.  They will pass up a good entry to wait for a great one.
• Decisive — Profitable traders make decisions.  They know that as long as their decisions are framed properly (i.e. from a risk perspective), their first thought is generally the right one.
• Forgetful — Profitable traders have short memories.  As we were told many years ago on a Wall Street trading desk, “If you have a losing trade, forget it quickly… the chance to profit is coming up.  If you have a winning trade, forget it even more quickly… the chance to give up those profits is coming up… stay in the moment.”
• Group think — Profitable traders care little for any one trade.  They know they have already taken steps to minimize the impact of any single trade.  Instead they focus on groups of trades as groups are more indicative of their process… which is what’s really important.

Lose the bad attitude. Attitude is a choice. Better attitude equals better decisions, behaviors and outcomes.

 You can’t be a winner in the markets or in life if you don’t also have a winning attitude and surround yourself with those who offer the same. It is far too easy when the chips are down and our strategies are out of sync to start beating ourselves up and feel like a worthless moron. That comes with the territory. If it would be easy, everyone would be making loads of the money in the market and we know that isn’t true as most can’t even keep up with the S&P. Remember, trading and investing is not a precise science and a lot more luck is involved than many will tell you. So, in this business, when you fall down, you’ve got to dust yourself off and get back on the horse and, more importantly, keep plugging away.

Don’t eat crap. Being unhealthy on a physical level means you won’t function optimally on any level: mentally, emotionally, professionally or socially. Eat crap and you’ll look, feel and function like crap!

 If you don’t take care of yourself, whatever you make in the market will be all for vain. It is true, when I exercise more and watch my diet, I not only feel better, I trade better. When I exercise more, my profits go up and there is such a tight correlation between the two that, if you don’t believe it, I double dare you to start tracking it and see what happens. As we all know, the markets can chew you up and spit you out routinely – the only way to be at your best is to be at both your top physical AND mental condition. One without the other is not going to get you where you want to be.

Last Close :5664

-Yesterday Morning ,We had Boldly written above 5717 level…….Rally upto 5767-5783 is not ruled out !!

Just see it kissed High of  5772 level ……………….and then u all know What happened ???

In Just 9 sessions from 5990 to 5655 level !!

Yesterday ,We had written this  : Decisive Break below 5697 with volumes will take to 5673————5653 level

Do U know it kissed low of 5655 & closed @ 5664

Today ,Just 5643 level……..Decisive Break with volumes and trades below this level for 15-20 minutes then ??

Slide upto 5625-5606 in Panic not ruled out.

There after More PANIC !

Daily Bollinger Band indicates…………………..Today Don’t panic @ lower levels.From lower band sharp Intraday rally either Today or on Monday is possible.

Will Update more to our Subscribers during trading hrs.

Three Consecutive close below 5662 level ,Our Next Target intact of 5555-5520 level in short run !!

Weekly & Monthly CHART looking Very SCARY @ this moment.If H & S formation shows its power then ??

In Coming Weeks we can see PANIC upto 5200—5100 level too.Just TRADE with levels ,Nothing else.

-Forget Fundamentals (First your funds will be wiped out ,then slowly u will become Mental ),Forget Economy ,Growth ,Inflation ,IIP and many more bogus data…everything is Fishy.

-Don’t trust Managment-Hum sab Hindustani hai…..!!Don’t watch Blue Channels-After Management ,Promoters..these are main culprits !!

Our Mantra :Just Follow CHART levels +Watch Fii’s activity !

-More Details to our Subscribers during Trading hrs.

Updated at 8:03/22nd MARCH/BARODA/INDIA