Golden words to remember from Master

During “trending phase”, use a “trailing number based on retracement” to maximise gains. During “Sideways market”, use the “Support & Resistances” to maximise gains.

Trade the direction and act when you “must” – that is following. When trend in all T/Fs are aligned together, holding trades is rewarding and when in conflict, keep booking profits…

Thank you Master

27-11-2012 - important teaching by master

Thanks to Sujatha madam for quoting master's teaching.

"I wish to appeal to everyone: There are so many TA methods/ EW possibilities/ astrological methods/ fundamental study/ and so many other mathematical calculations, etc. And "NONE OF THEM" will work consistently.Try and adopt them to situations, take a balanced view and try to keep them as simple as possible, so that you go towards "Making Money" and not gather knowledge or get tangled up in some "Intellectual debate". - 12.3.09 Ilango"

On 3-10-2013 Illango Sir gave Stochastic settings for different time frames : 

I am pasting the same here :

Fast stochastics: 5,3,3

Slow stochastics: 14,3,3

in Day/ week/ Month T/F.

For Hour, it is

21,3,3
35,3,3

26-11-2012 Happy birthday Piyush ji

Happy birthday Piyushji,  many many happy returns of the day.

(Just now seen the JN blog)

Warren Buffet's advise - reproduced by Rishi Umrania

With thanks to Rishi Umrania 

Rishi Umrania

What Warren Buffet says about basic investing, spending, savings are so true. Most of us know it, however too many of us do not live it.

If it does make a change in your life, thank HIM (I mean God) because this is common sense. WB said it once, I am just reproducing it.

1. On Earning:

Do not depend on a single income. Invest and create a second/ third source of income:
This means when you are young your first task should be saving and investing. By creating a second source of income you are quickly reducing your dependence on your job. This could help you to set out on your own one day. The quicker you can do it, the better.

2. On Spending:
If you buy things that you do not need, you may soon have to sell things you need:

It kind of summarizes Gen X’s reaction towards ‘luxuries’. As a part of Gen X we were perhaps criticised for some of our expenses, so it could be a generational thing even for WB. However, having goals and knowing where you are going, and not spending just to ‘show off’ are important lessons for all generations.
3. On Savings:

Do not spend what is left after spending, instead spend after you save/invest:
Also called ‘Pay Yourself First’. If you realise that investing in a pension plan or for your kid’s education is just helping you to save more later on. It is not a sacrifice, it is just postponing consumption. So understand, invest and then spend.

4. On taking Risk:
Never test the depth of the river with both your feet:

If you are doing something, do small. If you are a first gen investor, do not be carried away by equity lovers like me and put all your money in equity. Do a SIP with a small amount, and test the waters. Do a SIP of Rs. X (which could be 10% of your take home pay) for 5 years and then step up. And for heavens sake understand risk of inflation, and the concept of real returns

5. On Investing:

Do not put all eggs in one basket:
Immaterial of who you are and how much you understand, create a portfolio. A full range lunch plate is always better than just one item. So create a portfolio with bonds, bond funds, PPF, NSC, equity, mutual funds, and on the risk side medical and term insurance.

6. On Expectation:
Honesty is expensive, do not expect it from cheap people:

Not everybody is honest, nor does everybody want to be honest. Honest advisers are difficult to find especially in Health and Wealth, be careful.

2-11-2012 Trade dairy

Good morning

Today's JN SAR - 5663 Day's Pivot 5632

Gap up opening.  I have taken long 1 lot minifty @ 5720 for my JN SAR.

1-11-2012 Trade dairy

Good morning

Today's JN SAR - 5674 Day Pivot 5609

10:02  Negative cross over seen in 60 minutes chart.  I will wait 5 minutes to take short position.

10:07  Taken short 1 lot minifty 5639 stop loss 20 points

11:45  My stop loss hit

12:25  Positive cross over seen in 60 minutes chart.

12:50 Positive cross over did not sustain.  Lines are coming apart.

31-10-2012 Trade dairy

Good morning

Today's JN SAR - 5683 Day's Pivot 5626

SS lines are in over sold zone and as JN SAR is in short mode I will wait for them to come up and give negative cross over.

11:47  Negative cross over seen in 30 minutes chart some time back.

Learning from JN blog :

J.R.Julius said...

As Market is Grinding - I just share my thoughts/great lesson learnt from the years for the new traders.

Trade Stress/Block - When it will Happen?

1# Not have backtested Strategy.
One should have simple strategy like SAR for positional & Trendline/Sup/Res/Pivot based for Intraday. Without a Map one can never earn consistently.

2# Watching Multiple Indicators/Data
It will simply destroy the discipline of your trading career. Multiple Inputs/Watching Others Map/Opinions/Ideas/Indicators/*NEWS make doubts in your own Map. It will create a Mental Block and you will automatically Ignore your strategy entry.

Solution:
1# Always Have 4 NUMBERS in Mind. (1)Entry (2)Part Booking (3)Exit & (4)Stoploss.

2# When ever read others opinion/Indicator/anything take it lightly with educative mindset. After Market Analyse/Study anything but during the trading focus on your MAP.

3# Never search for better MAP surely it will increase the distance of your winning.

MAP is Everything....

Keep Faith in Your Map....

Get Rich Slowly and Quietly....

October 31, 2012 12:10 PM

12:23 SS lines are coming near to give negative cross over in 60 minutes chart.

12:31  Negative cross over seen.  Shorted 1 lot minifty @ 5618

12:50  SS lines have come apart in 60 minutes chart.  I am still holding my short.

1:02  Positive cross over seen in 30 minutes chart.

1:42 stop loss hit for my short. Exited short @ 5643

1:51 Price is going down after eating my stop loss.........