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