MySAR for 23rd June

Why Discipline.....?
Today’s Trading potentialies (breakout system) for 23rd June Nifty Future above 7546...may reach 7560/7575/7590/7605/7620/7635 Nifty Future below 7510...may reach 7495/7480/7465/7445/7430/7410 Bank Nifty future above 15131...may reach 15170/15210/15255/15295/15335/15375/15420 Bank Nifty future below 15030...may reach 14990/14945/14910/14870/14830/14785/14745
For Positional traders : For those who trade like Investors HindPetro in cash can be bought @ around 376 with sl of 364 ....may reach 399 and 406 HindZinc in cash can be bought @ around 156 with sl of 149 .....may reach 172 and 181 Hexaware in cash can be bought with support of 137 and 131  ...may reach 151 and 163 Rcom in cash can be bought with sl of 133 ...may reach 154 and 166 TataGlobal in cash can be bought with support of 156 ....may reach 171 and 179
Weekly Pivot Levels
Security	W-S3	W-S2	W-S1	W-Pivot	W-R1	W-R2	W-R3
Nifty (Future)	7245.87	7407.82	7466.58	7569.77	7628.53	7731.72	7893.67
BankNifty (Future)	13989.72	14570.72	14812.43	15151.72	15393.43	15732.72	16313.72
Daily MySAR Levels For Future Segment : https://drive.google.com/file/d/0B_kb8cijwPZvaHpmalFpOVVZRlE/edit?usp=sharing ********************************************************************************************************************* Daily MySAR Levels For Cash Segment : https://drive.google.com/file/d/0B_kb8cijwPZvNFA2cVZlMy1POW8/edit?usp=sharing ********************************************************************************************************************* Don't miss to watch: updated upto 6th June 2014 To watch the performance of MySAR : https://drive.google.com/file/d/0B_kb8cijwPZvTVd6alFxR0VnVzA/edit?usp=sharing
For other Nifty 50 (future) scrips click link : Do not enter into a trade without referring past data. It will save your trade from catching the running train. If  the price of the scrip ran up or down too much during last few days, please please do not take fresh entry either of short or long otherwise it will be considered as catching of  running train and in such cases price in near future may move against expectations resulting into losses. Better wait for breach of MySAR_A level for fresh trade......
Patience pays........... Presently holding Position : To view the positional trades of past few days, refer the past dated posts.... Position as on 18th June Positonal Long in NF  7285(2L)+7379(3L)+7406+7537, 7580(1L holding)  (Booked at 7360, 7420, 7420, 7455, 7705, 7605, 7650 : 539 points) Positonal Short in BNF  15290(3L)+15260(fully booked & reveresed) (Covered at 15161, 14990, 15120,15210, 15210: 599 points ) Positonal Long in BNF  15210(3L)(No position) (Booked at 15375, 15351, 15210 : 306 points) Position as on 19th June Positonal Long in NF  7285(2L)+7379(3L)+7406+7537, 7580(1L holding) (Booked at 7360, 7420, 7420, 7455, 7705, 7605, 7650 : 539 points) Positonal Short in BNF  15140, 15095(1L Holding) (Covered at 15060 : 80 points) Position as on 20th June Positonal Long in NF  7285(2L)+7379(3L)+7406+7537, 7580(Fully booked & reversed) (Booked at 7360, 7420, 7420, 7455, 7705, 7605, 7650, 7520  : 774 points) Positonal Short in NF : 7520 (1L holding) (Covered : ) Positonal Short in BNF  15140, 15095, 15110(1L Holding) (Covered at 15060, 15070 : 120 points) NF breached MySAR and hence we booked all longs in it and reversed the trade to short at 7520. Now on Monday considering the trend of the market,  will act accordingly. ----------------------------------------------------------- Trades triggered on 20th June 1. TechM (F) long at 2035.....................................booked t 2045 (1250 profit) 2. AxisBank (F) long at 1854.............................. booked 1867 (3250 profit) 3. RelCap (F) shorted at 621...............................covered at 618 (3000 profit) 4. ICICIBank (F) long at 1424..............................booked at 1429 (1250 profit) 5. ACC (F) long at 1458........................................booked at 1464 (1500 profit) 6. JSWSteel (F) long at 1252...............................booked at 1247 (1250 loss) 7. LT (F) long at 1654............................................booked at 1659 (1250 profit) 8. RelCap (F) long at 627.....................................booked at 624 (3000 loss) 9. RELinfra (F) shorted at 734............................covered at 729 (2500 profit) 10. M&M (F) shorted at 1162...............................covered at 1155 (1750 profit) 11. TechM (F) shorted at 2025............................covered at 2015 (1250 profit) 12. RELinfra (F) shorted at 729..........................covered at 733 (2000 loss) 12. TechM (F) shorted at 2011............................covered at 1997 (1750 profit) 13. BNF STBT at 15095.............................covered at 15050 (+ 45 points) 14. NF BTST at 7554...................................booked at 7570 (+ 16 points) 15. BNF (5L) shorted at 15161..................booked at 15118 (+ 215 points) 16. BNF shorted at 15110....................carried 17. NF shorted at 7520 ........................carried  ------------------------------------------------------------------------------------------------------------------ Cheers.........Cheers .......Cheers......... Patience always Pays...... Patience in Learning ...Patience in Earnings..... ------------------------------------------------------------------- Three Thumb Rules : (1) Always trade only at the levels given. (2) Keep booking profits without missing a winning opportunity. (3) And once in profit, trail stop loss to the entry level to protect the capital funds. Wish you all happy and profitable trading ahead…… ==============================================================
Have you incurred loss in Stock Market...? Are you disssatified with the earnings in the Stock Market... Can stock market give enough for livelihood...? Here is the solution For more information  http://mytradingtechnique-mysar.blogspot.in/2013/03/have you-incurred-loss-in-stock-market.html Many Many thanks for Inspiration.....Motivation ....

Why indiscipline...?

 MySAR of 23rd June

Why indiscipline...? Army man discipline Discipline is directly related to the bottom line of a traders not only in the stock market, but in all the markets. The professional trader always tries to be disciplined and stick to his system. He himself follow disciplinary rules thinking always about protection of his money, making of money and always remain positive minded at the end of each trading period. He remains on sidelines when price movement is in narrow range and places stop losses while trading during that period. He moves his stop loss as the market moves in his direction. In every order he keeps priority in protection of capital employed and while protecting capital he aims to make money. He stays within the parameters of his risk and reward. His primary object is to profit, but capital should not be diminished to a large extent while trading. He acts just like a person aiming to shape his body. If you have a desired body shape in mind, then you will definitely eat and exercise accordingly….Exactly same is with the professional traders. He follows all the disciplinary rules like an army man. Accept the results whatever may be… While trading, whether it is in stock market or any other market, a trader either make money or lose money in any given trade. The ultimate result is aimed to make more money in the right trades than what is lost in the wrong trades. While doing such trading a professional trader learns to accept failure as a part of trading activity, but he also uses this failure as a learning tool. In fact what he learns from the losing trade is more valuable than what he learns from profit giving trades. His such type of psychological acceptance boosts him up with courage and next time he enters into a trade with utmost good faith and self confidence. Put aside ego… It is easy to recognize profit from a loss. It is easy to understand disciplinary rules framed for trading. Then what is difficult….?What makes it so hard to apply the rules…? There is some power which controls our mind and prevents a trader to act as per the pre determined course of action. Let us call that power as “Ego”. Until a trader learns to get rid of his ego, he will never make money in any market consistently. The market gives rewards only to those who have subdued their egos. This is so because when a trader does not identify his ego, he never accepts his mistakes done while trading and this prevents him in correcting these mistakes. He only goes on finding various arguments in the favor of his trade which is in fact a wrong one. So long as a trader makes money following his trading strategy and rules framed by him therefore, it is well and good. But after getting some success in few profitable trades, when he starts compromising with the rules framed already, and ultimately suffered a lot at last. Why…? If you make profits in some trades, naturally you cann’t resist telling you mates how well you are doing. Aiming good for them, you just tell them how easy it is to make money in the market (and how clever you are). All good things come to end when market changes its trend. It becomes harder for you to find good trades. You are frequently stopped out of your positions …incurring series of small losses. You start doubting your own decisions and trading strategy. You start changing your trading rules, looking for other additional indicators for confirmation, though they give conflicting signals. You forget your own original trading technique and rules …and now you concentrate on new technique with new rules…..and it wipes out you totally…..This is “Ego…” playing its vital role in making a trader undisciplined. There are so many trading courses available, but many fails to prepare traders how to face market place. They simply present trading plan with some examples where plan works very well, explain basic concepts only. It if is so easy, then why to sell such trading courses. Such courses fail to prepare and teach to traders for the times when their plan does not work. Such training courses fail to prepare and teach the trader for the pressure and uncertainties that he will have to face when the market goes against him, and how to come out from them. Many times trading courses are marketed on the assumption that the average investor is greedy and lazy. They offer only the prospects of wealth without effort. Of course, trading courses may help to gain good working knowledge of basics and explanations about traps and pitfalls that a trader faces everyday in the market. But such courses cannot teach any trader about self discipline and understanding of his own weaknesses. Only experience and lots of practice help in this line, there is not any magic formula for this. Let me quote the lines I read at site : http://www.incrediblecharts.com If you can’t stand the heat…. ….do not play in the kitchen…… If you do lose money in the market, don't blame your course provider, your broker, the institutions, insiders, the government, OPEC or the Fed. They are just some of the factors that you have to take into account in your preparation. You are responsible. You are on your own. No-one except you is going to shed a tear if you burn your capital. So take care ...... and PREPARE…!!!