Nifty last 10 years

Year gain/loss 2010: +17.9% 2011: - 24.6% 2012: +27.7% 2013: +6.8% 2014: +31.4% 2015: -4.05% 2016: +3% 2017: +28.7% 2018: +3.2% 2019: +12.8% 2020: ?????... can we repeat 2014 or 2017 ??

YESTERDAY DONE

A 10% loss requires a 11% gain to get back to even A 20% loss requires a 25% gain to get back to even A 50% loss requires a 100% gain to get back to even A 90% loss requires a 900% gain to get back to even Huge gains aren't easy & big losses destroy capital: Avoid big losses!

Of you are trading based on moving averages , do you think you are using Jurassic age tools or are you using quantitative analysis ?

Ten Things More Important Than A Trade Entry

“There are as many as 10 components to a professional trading system, and the entry signal is probably the least important.” – Van Tharp

So many trader’s spend a huge majority of their time on the best entries into trades when that is not really the most important thing for profitable trading. Here are ten things for a trader to consider that are MORE important than their entry price.

1. Entry price is meaningless unless it is a good quantified entry with the odds in the favor of it continuing to go in the direction of profitability.
2. Exits are where profits are made not entries. Profitability will ultimately determined on your skill of exits not entries. Trailing stops and price targets are more important than entry levels.
3. The risk/reward profile being in your favor is more important the entry price. You want to risk a little for a an opportunity to make a lot.
4. Your stop loss is more important than your entry because how much you lose when wrong determines your success more than your skill of entry.
5. Your ability to take all entries that have an edge with discipline is more important than any single entry level.
6. Position sizing will determine whether you can hold a winner or exit a loser with discipline. Big trades will engage emotions and your ability to trade with a plan.
7. A trading plan will determine your success more than just entry levels.
8. Trades must be made inside of a methodology with an edge. A single entry is meaningless outside a quantified methodology.
9. Your ability to master your risk of ruin as a trader is more important than entries. So your first losing streak is not your last losing streak.
10. The market environment itself trumps any entry signal. The market determines whether you win or lose not you and not even your system.

10 tips for new trader:

1) Focus on one setup.

2) Start with small pos.

3) Avoid system-hopping.

4) Use stop losses.

5) Work on your mindset.

6) Find a mentor.

7) Forget get-rich-quick-books.

8) Track and analyze your trades.

9) Broker fees are secondary.

10) Train your eyes.

All the richest self made billionaires founded a business, kept a large ownership stake in it, took it public, and then grew it into a large cap company. How do politicians & public servants become multi-millionaires?

8 great #books which help you to become more #successful:
1) Mindset (Dweck) 2) Extreme Ownership (Willink) 3) Millionaire Fastlane (Demarco) 4) Mastery (Greene) 5) The One Thing (Keller) 6) Maximum Achievement (Tracy) 7) Miracle Morning (Elrod) 8) Obstacle is the Way (Holiday)

Money grows over tree of persistence!

Don't bring emotional struggle into trading. Effortlessness is the key to success.

7 signs a stock trend is exhausted: 1) Price >100% above MA 200 2) Largest volume since start of the trend 3) Big gap after several months of rally 4) New highs on lower volume 5) Reversal bar on weekly chart 6) 50% gains in 3 weeks 7) >7 days up in a row What else?

#Mindset tip: Your goal shouldn't be "I want to become a successful trader". Instead do & think like a successful trader. You don't want to reach a goal, you want to change your identity. If you accept the new identity, you brain will do everything necessary.

Wealth is to be made on the other side of the fear.

RT "Equity returns, last 12 years...

US: +172% Japan: +30% France: +16% Germany: +10% UK +4% China: -8% Brazil: -22% Spain: -25% Italy: -37% Russia: -37% (note: total return, in US $) "

10 #chart #pattern you should know:
1) Cup and handle 2) Volatility contraction pattern (VCP) 3) Double bottom/top 4) Rounded bottom/top 5) Flat base 6) High tight flag 7) Ascending/descending triangle 8) Head and shoulders 9) Rising/falling wedge 10) Bullish/bearish pennant

I am not a perfect person, I make a lot of mistakes.. but still, I love those people who stay with me after knowing how I really am.

DAY DONE +VE

DAY DONE +VE

UJJIVAN SMALL FINANCE BANK IPO

DAY DONE +VE

Major milestones for an trader: 1) The first time you put your money on the line 2) The day you accept that you don't know what you're doing 3) The day you breakeven 4) When you become consistently profitable 5) When you start helping others who are at step 1

What you need to be doing before 30: 1. Focus on yourself. 2. Begin investing. 3. Have an open mind. 4. Try new things. 5. Form your own beliefs. 6. Ask great questions. 7. Travel for perspective. 8. Learn financial education.

If someone was serious about something, they would not wait for tomorrow or next week or month, and they would definitely not wait for 1st January. If you postpone something, you've revealed your priorities. There's a reason why 99% of new year resolutions last only 2 weeks.

Democracy Index 2018: 1.

Norway: 9.87 (Score) 2.

Iceland: 9.58 3.

Sweden: 9.39 4.

New Zealand: 9.26 5.

Denmark: 9.22 =6.

Ireland: 9.15 =6.

Canada: 9.15 8.

Finland: 9.14 9.

Australia: 9.09 10.

Switzerland: 9.03 (The Economist Intelligence Unit, 2019)

????

If you just got into trading, don't make it your full-time gig right from the get-go. Since you're learning, the first years are emotionally and financially taxing. Learn to do trade well first, and then transition.

"Volatility is not the same thing as risk, and anyone who thinks it is will cost themselves money" - Warren Buffett

Bull market is 1. born out of pessimism, 2. grow out of skepticism, 3. mature out of optimism, 4. die out of Euphoria. In which stage are we now? 12K plus, no Euphoria, not even Optimism?

Once you have enough money to live comfortably, money has less and less effect on your happiness. Dissatisfaction with simplicity is more often a problem of perspective than finances. Spend time with the poor, the sick, the lonely, the old. Then you will see your own wealth.

Everyone wants to eat, but few are willing to HUNT. Everyone wants success, but few are willing to WORK, to HUSTLE, to SACRIFICE.

DAY DONE +VE

Google just announced it's getting into banking. Apple, Amazon, Facebook, Uber and now Google are all going to be offering different financial services for users. If only there was a neutral protocol they could all adopt.

Trading is 1% theory & 99% practice This means you'll never get to do it successfully until you’re in the field, getting your ass kicked by the market & learning along the way No book or course will really teach you that because you need to experience it

Don't make permanent decision for your temporary emotion.

What the secret to

🎯Young & Rich Retirement,

🎯Financial Freedom,

🎯Passive income,

🎯Funding your Dreams?

The answer is WEALTH creation.🎰

A machine that works even when a person stops working or don't want to work anymore...

DAY DONE +VE

Things schools don't teach: How to invest How to manage risk How to manage stress How taxes work How money works How to be an entrepreneur How to think for yourself How to build your net worth How to marry right Instead you’ll learn how to give the teacher what they want

DAY DONE +VE

Risk and mindset management is how you stay alive until the profits show up.

Don't be impressed by: 1. Money 2. Job titles 3. Appearances 4. Experience 5. Affiliations 6. Imitations 7. Big words Be impressed by: 1. Kindness 2. Trustworthiness 3. Unselfish generosity 4. Humility 5. Good manners 6. Courage to dare, dream and do 7. Integrity and benevolence

"To act with fewer perfections than one could is to act imperfectly"- Leibniz (Always strive for perfection, but don't overcomplicated matters)