SHARE MARKET

2009-09-25T23:38:00.001-07:00

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2009-08-21T05:47:00.001-07:00

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2009-08-15T04:25:00.001-07:00

WORLD MARKET

2009-07-29T08:50:00.001-07:00

NSE INDEX UPDATE

2009-07-19T11:04:00.000-07:00

NIFTY LIVE

2009-07-04T02:14:00.001-07:00

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LIVE QUOTES

2009-07-03T22:59:00.001-07:00

NIFTY 50 HEATMAP

2009-07-03T22:56:00.000-07:00

PIVOT CALCULATOR

2009-07-03T09:50:00.000-07:00

2008-11-08T20:34:00.000-08:00

2008-11-08T20:20:00.000-08:00

Five Mantras for Traders

2008-11-08T09:04:00.000-08:00

Five Mantras for Traders
Your Daily Mantra:

1. The market pays you to be disciplined.
The constant truth is discipline equals increased profits. Without discipline, you will put less money in your pocket.

2. Be disciplined 100 per cent of the time.
If you trade with discipline nine out of ten trades, you cannot claim to be 100 per cent disciplined. This 10 per cent undisciplined trade will really hurt your overall performance. So discipline must be practised on every trade.

3. Love to lose money.
Traders ask: What do you mean, love to lose money?
What the rule means is that you are going to lose throughout your trading sessions. So, get out of your bad trade as soon as you realise you have made a wrong choice. This will save you a lot of trading capital and make you a better trader.

4. If your trade is not going anywhere in a given timeframe, it is time to exit.
This rule relates to the theory of capital flow. When there is price stagnation which happens often throughout a trading session, the market is telling us that they are happy with the prevailing bid and offer. You do not want to be in the market then and best to exit. It is a waste of time, capital and emotional energy. The market will heat up again and then you can re-enter the market with a new trade.
5. Never take a big loss, only a big loss can hurt you.
Never put yourself in a position of losing more money than you can afford. You are not a ‘loser’ unless you do not get out of the losing trade once you know the trade is no longer good.
Big losses wipe out too many small winners you have worked hard for. It is also psychologically devastating when you lose big as it may take a long time to build up your confidence again. Then you are a loser.

My Notes: I again acknowledge Mr Barros as the writer of these excellent mantras. I follow all five of these, although I could not have summed up my rules so well.
When I say that I follow all five of these mantras, it is not to go on any ego trip. It is to share with you the fact that traders can implement these rules in their trading plan, with a little bit of discipline. If I can do it, everyone can.

Day Trading Techniques

2008-11-08T09:02:00.000-08:00

Day Trading Techniques "-

Buy near open price :-

If possible try to buy shares below open price, or at
open price. Don’t buy shares if price is gone very high
then open price, wait for the price to come down near
open price and then buy that stock.

Check buying volumes :-

Before buying check out the buying and selling quantity
(volumes). If buying volume started increasing then the
stock may go up.

Check derivative status :-

If possible try to check out the derivative of the stock which you want to buy. If derivative of that particular
stock is going up with increasing buying volumes then you can immediately grab (buy) that share/stock.
Most of the time it is seen that if the derivative goes up, then its stock or share also goes up.

Wait for the target price to buy :-

For example, if buy is given at 150.5 then don’t buy below this price, only buy at 150.5 price or slightly higher
then price. Because the given buy price may be the resistance price, if it breaks then share price goes up or
else may not go up above 150.5. So plan to buy at given targeted price, don’t buy below target price.

Strictly maintain Stop Loss :-

Strictly maintain the given stop losses. This will help you to prevent from huge loss. Suppose, for moment the
share/stock what you bought falls drastically down, then you may end up with huge loss. So always maintain
given stop loss.
“Stop Loss will reduce your loss”.

Down wait for huge profit in single stock :-

If you are getting some profit and if you notice that is not further moving up (it’s called consolidation) then you
have to sell your share/stock and come out of that trade.
In this manner, you can earn small profit instead of loss then you can do another trade and again earn small
profit. Likewise if you keep earning couple of small profits in a single day then all your small profits will add up
to huge profit amount in a single day.
“Get satisfied in small profit and do multiple trades”.

world market watch

2008-06-02T23:10:00.001-07:00

What is Sensex? What is Nifty ?

2008-06-02T22:36:00.000-07:00

What is Sensex? What is Nifty ?sensex could be construd as sensitive index and nifty as national fifty.... sensex is the index of BSE while NIFTY is the index of NSE....sensex consists of the 30 largest and most actively traded stocks, representative of various sectors, on the Bombay Stock Exchange. These companies account for around one-fifth of the market capitalization of the BSE.whereas nifty consists of 50 stocks.The SENSEX, short form of the BSE-Sensitive Index, is a "Market Capitalization-WEighted" index of 30 stocks representing a sample of large, well-established and financially sound companies. The index is widely used to measure the performance of the Indian stock markets.The NSE S&P CNX Nifty 50 index is a well diversified 50 stock index accounting for 24 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.