Quote

""When you want to assess the depth of water, you do it only with one leg....not both.""
Same is true about the stock market......never put in all the money at once.
Missed profits are more profitable than taking losses.


""You cannot win if you don't bet, you cannot bet if you don't have money""

Pearls of Wisdom

Discipline.....discipline.......discipline

The only key to success in any profession/business

Basic Essentials

Importance of Stop Loss

Stop loss is an emergency brake......no matter how good a driver, no matter how advanced a car, emergency brakes are a must.

What is Stop Loss?

EXIT PLAN IS A MUST

Before entering a trade, always keep the exit plan with you.
Remember what happened to poor Abhimanyu in Mahabharat

Zero Brokerage Broker

Zerodha, a leader in discount brokerage has opened the way to zero brokerage on delivery trades.
http://zerodha.com/z-connect/zerodha/bulletin-latest-at-zerodha/zerodha-going-zero-brokerage

Door of Wealth

Trading in stock market opens a door of wealth. But it is a two way door. One must know when to open and when to close it. The direction of flow can change anytime.

Essence of Stock Market

Essence and the aim is simple:

• Buy Low-Sell High
• Minimize Losses-Maximize Gains

But how complex to achieve them

Conquer the demons

The real demons who prevent you from winning are within you only...
GREED and FEAR
Greed when prices are rising, and fear when they fall.
To be victorious, you have to conquer them......as Bhagvad Gita says...सु ख  दु ख / ज य  परा ज य
Conquer these and you will be on road to success

Patience is the key to success

Market is an ocean full of waves......they will keep coming.
If you miss one, do not despair........more are coming for you to harness. What is important is that you keep your boat safe by risk management.
A missed good trade is more profitable than an executed bad trade.

Emotions are the only colors

Buyer buys at the price at which a seller is selling........emotions behind that price are the true colors of this rainbow

STOCK MARKET

Fear of loss and greed for profits constitutes the basic dipole which gives life to a stock market....

Smart people control their's so that they benefit from those of others