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In this present day situation of normal life , every one is so much burdened with ever growing cost of living and social responsibilities. To balance these two main challenges in life, the common agenda of every human being is to increase the income levels to meet the inflationary tendencies in life. The general ambition of all of us is to find some source of good income earning by application of mind and limited resources. One of such opportunities is resorting to trading in either stocks or commodities where any one can start doing this venture by sitting anywhere in the world , whether it is office room or bed room, or whether it is In India or America due to high technology and communication developments.
In our country also, the stock market awareness has grown up tremendously in recent two decades, thanks to the economic ambitions of the countries, global financial developments, growing needs and desires and never ending calamities and distresses.
Unlike any other avenues of income earnings, Trading in stocks requires lot of analytical thinking, application of mind, deep devotion and concentration, timely actions and real dedicated hard work with reasonable ambitions. In present day markets, it is sad to say that 70% of the trading public do not know the exact names of the companies, exact spellings of the companies but they start doing trading just because of mouth to mouth publicity and feeling that it is the easiest way of earning money, which is a real illusion but practically very difficult.
Trading requires the capacity to study the markets, identify the scrips, entering into the scrip at right time, pricing the security, holding capacity and timely exits from the holdings at desired levels of reasonable profits. One must always be content with the reasonable profits he aims at and gets from his decisions. Over-ambition leads to over stress and deep frustration as Markets will never listen to our demands but we need to listen to Market’s commands.
MY RULES FOR SUCCESSFUL TRADING
In this website, I strive to do my bit of technical analysis ,in identifying the fundamentally strong scrips with the detailed aspects of entry price, entry time, exit price, exit period and the stop loss & re-entry levels for positional traders. All the scrips are recommended on the basis of positional trading for minimum 8-10 “Trading Days” and maximum 20-30 Trading days depending on the market situations taking into consideration all abnormal conditions in the markets. Before taking any entry into the scrips, I request you to verify clearly whether you have adequate capacity to hold the scrip for the stipulated period and also verify whether you have adequate patience to hold it for the stipulation holding period. If you lack any of these two ingredients , you are going to be a total failure in your trial to make money.
Enter into the scrips with a clear ambition to make money and book profits at reasonable levels. Do not aim at touching the sky which will never happen practically. Book your profits at reasonable levels. Once you exit from a scrip with satisfactory profits, please do not re-enter into the same scrip for the day, as over-ambition is always injurious to your pocket.
Trading requires total devotion as every second is very important in the markets and once you lost the opportunity, it is very difficult to get back the time again into your hands. Money you can make tomorrow but you cannot bring back the time you lost. Trading is based on total dedication.
Trading within your fund limits is always healthy as there will be no tensions of payment of interest on borrowed capital besides capital loss. Trade up to only 60% of your available funds as rest 40% liquidity is going to be the cushion in case of dire market conditions.
Never enter into scrips with low volumes and with news and rumors , as rumors and news kill technicals of the scrips and ultimately you will be landing into deep losses due to unhealthy rumors. Hence , always trade in fundamentally strong scrips with no operators’ manipulations. Hence I recommend only A group shares in Indian Capital Markets.
Day trading is not at all my advice to any of the traders but I can not say any of you not to do intra day trading, hence I do provide day trading scrips with a very strict advice to exit with 3-5% profits with 1.55% strict stop loss. I recommend the traders to do trading in little quantities with preparedness to hold the scrip in case of deep downfall but to book profits with 3-5% profits. Once again I remind and reiterate that DAY TRADING IS PURELY INJURIOUS TO YOUR WEALTH AND HEALTH.
I wish you all the best of fortunes.
Thank you.
Murty
