STOCK-O-METER WHICH I USED TO MEASURE THE PERFORMANCE WILL BE MONITORED ON WEEKLY BASIS...
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.”
“In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading.”
“Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wrong a lot of the time. The vast majority is wrong even more of the time. I’ve learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they’re almost always wrong.”
“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”
“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom.”
“I believe that good investors are successful not because of their IQ, but because they have an investing discipline. But, what is more disciplined than a machine? A well-researched machine can make many average investors redundant, leaving behind only the really good human investors with exceptional intuition and skill.”
“Stock market goes up or down, and you can’t adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.”
“I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”
“Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”
Market PULSE check by Stock-O-Meter:
The Following scrips covered in my morning posting:
Nifty 3491.35 3402.90 3480.75
ICICIBANK 439.40 415.10 434.10
RIL 1802.00 1727.00 1788.85
REL infra 747.00 703.40 740.50
Rel Cap 563.00 530.35 557.65
I may be right or wrong-"No argument with the ticker- NEVER".
|
27*2*8*19 WK
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5*9*819
WK
|
13*16*819
WK
|
MARKET MOVED, LAST WEEK
|
|
1195
|
1183
|
1183
|
NIFTY BEES HIGH HAS NOT
CROSSED PREVIOUS BUT LOW INCREASED
|
|
1144
|
1142
|
1155
|
LIKELY TO MOVE UP AS 3
WEEK CONSOLIDATION HAPPENED
|
|
51
|
41
|
28
|
THE
RANGE IS MAINTAINED DESPITE 3 DAY
ACTION
|
|
3035
|
2923
|
2917
|
BANK BEES HIGHS AND LOWS ARE NOT TAKEN UP
|
|
2835
|
2803
|
2829
|
BUT CONSOLIDATION CAN BE
SEEN
|
|
200
|
120
|
88
|
|
|
11311
|
11181
|
11146
|
NIFTY HAS TO CROSS 11150 TO TOUCH 11230-50 RANGE
|
|
10849
|
10783
|
10902
|
LOW SHALL NOT FALL BELOW
10850
|
|
462
|
398
|
244
|
|
|
29593
|
28603
|
28358
|
STRUGGLING TO CROSS 28500
|
|
27936
|
27389
|
27658
|
UNLESS CROSS 28900 BANK
NIFTY IN BEAR GRIP
|
|
1657
|
1214
|
700
|
|