Friday, April 27, 2007


If you dont know what you are doing, doing nothing is better….
Trade what you see, Not what you think….
Most traders take a good system and destroy it by trying to make it into a perfect system….
If you’re going to panic——-> panic early….
If you look around the table and don’t see a sucker, then you are the sucker….
If you find yourself in the bottom of a deep hole, the first thing to do is STOP DIGGING!!!
At all levels of play the secret of success lies not so much in playing well as in not playing badly….
The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught…. What they can’t do is give (people) the confidence to stick to those rules even when things are going bad….
The opportunity of a lifetime must be seized during the lifetime of the opportunity….
My first rule is “Not to lose money“….. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner.
We must remove the emotional element as quickly as possible in trading…. If you can do it before you put on a position, you have a good start…..

Probably its time now to caution you guys…. Rules above are ment to be implemented… So make sure you make the best out of it… Markets approching the severe resistance zone…. Aggressive Longs try to loosen up a bit and stay lite.. again this DOES NOT mean go short….

Happy weekend

CNBC "Xperts"

Honourable Mr. Shankar Sharm (FIRST GLOBAL) - Quite a few of us read the research reports generated by their team… This is what i heard him speaking on CNBC “We are in an terrible bear markets and i would not enter into any stocks until i see 4 figures on sensex.. At that point of time his targets for sensex was 9500…”

2.)Mr. Gautam Shah (JM Morgan Stanley) - Oooo what an analyst.. He says on CNBC “At 12600 we still recommending all our clients to EXIT completely… Our 1st target on sensex is 11500 atleast”… And the biggest jokes i heard the same guy saying, “We are in an intermediate bull run… And its quite possible that we might see recent highs… But i am still breaish ..”

Best way to watch : Mute it Simplyyyyyyyyy

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