Market Update

Monday, October 8, 2007

Key Rules For Successful Trading?


  1. Pre-decide quantity and commodity you are going to trade for entire month, trade with same quantity as per your CAPITAL & don't increase or decrease it.
  2. Execute trades in same quantity in selected commodity for that particular period without fail or loosing patience as many times as you get message never stop trading if s/l hits as our success ratio is 75-80% so overall u will be in profit.
  3. Don't bother on profit or loss on each trade you make, look for reasonable appreciation (return) of your capital at end of month or stipulated period, which you intend to invest.
  4. Unnecessarily don't get glued (stuck) to screen and worry your self about volatility of market.
  5. Follow the messages & don't try to over smart your self like analyzing implications and Internet informations your self, it will confuse you completely for the trade.
  6. Try to trade in multiples of 2 lots in any trades minimum must be 2 lots either mini or big on your convenience.
  7. Always book 50% on first tgt Or recommended by us Or very near by be flexible to get out 2to 5rs near by tgts as that's maximum accuracy don't keep our tgt reach messages to book profit. And the balance 50% which you take for second tgt keep your cost as stop loss, if it hits you don't loose any thing.
  8. Use stop losses given strictly as you will have fresh trading opportunity rather than waiting in a loss trade.
  9. Be relaxed in trading and don't try to give judgment or expression every minute in 14 hours trade. Wait for messages act promptly after receiving it.
  10. Don't trade selectively As again you don't know which trade can fail or super hit so please act on all calls of your pre-selected commodity for period you set.
  11. Don't hold overnight if got too much fear from previous losses and not ready to believe your self as you intend to put all your negativity on us for which we are not ready talking history makes no sense in future markets and there results.


NOTE:- The decisions by brain are more effective than heart in future market remember this. Throw out emotions and sentiments plus greed and fear your balance sheet will have only one way that?s swelling with profits.



10 Positive Assertions

  1. I want only what the market wants !
  2. I enter in the market only when all of my indicators are pointed in the same directions !
  3. I place stops as I enter trades !
  4. I let any trade go that misses my entry !
  5. I only initiate trade with a target price and a risk reward ratio of more than 1 : 1.
  6. I have a reason to exit every trade !
  7. I stay peaceful, calm and cool and see any and all of my emotions in a disassociated vision apart from me while trading !
  8. I cut my losses short with every trade !
  9. I focus on each trade meeting its trading plan to measure success.
  10. I trade in a regulated, even and controlled way so that I am always prepared in my mindset to pass on all trade should there be none for the whole day !

Life is a great big canvas, and you should throw all the paint you can on it.

2 comments:

Phoenix Capital Software said...

Good one.. very good one.

Seenath Kumar said...

Really great blog thanks for sharing this information. :)
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