“Trading Mindset” which is the most essential thing to create your wealth. But majority traders are interested in charts and patterns only. But Charts and patterns will not only going to help you. Along with this you should have rational mindset. But how will you get? Study here in detail with Slack (Nifty Millionaire Tribe). Call : 02230987899. Website : www.niftymillionaire.com/
#Knowledge : MAJOR RISKS TO GLOBAL FINANCIAL MARKETS IN THE COMING YEARS (LONG TERM)
1. Most people will stop buying cars in a decade-and-a-half (prediction that 95 per cent of all US passenger miles traveled will be addressed by fleets, not individuals, by 2030)
2. People will increase renting of assets (over buying these) because they will never be sure of where they would be living a few years hence.
3. The cost of commute will become the ‘next telecom’ (virtually free, that is).
4. Most cars will be made from recycled steel, as a result of which ore companies will go belly-up.
5. The large steel sector debt will not be able to be returned to banks.
6. Electric cars, with around 18 moving parts compared with 10,000 for the usual petrol-driven variety,would accelerate the death of the automobile components industry.
7. Some of the funding coming out of these countries (read what you will into this) will disappear and the world will become a more peaceful place.
8. Cash-rich automotive lubricant companies will discover that there is nothing to really lubricate.
#Bookathone : 7 steps of money management
1. Measure your account value on the first of the month—the total of cash, cash equivalents, and open positions.
2. Calculate 2% of your equity. This is the maximum you may risk on any given trade.
3. Calculate 6% of your equity. This is the maximum you are permitted to lose in any given month, after which you must close out all trades and stop trading for the rest of that month.
4. For every trade, decide on your entry point and a stop; express your risk per share or per contract in Rupees.
5. Divide 2% of your equity by your risk per share to find how many shares or contracts you may trade. To get a round number, round it down.
6. Calculate your risk on all open positions by multiplying the distance from the entry point to the current stop by the number of shares or contracts. If the total risk is 4% of your account or less, you may add another position, since you’ll be adding 2% with your current trade, bringing the total to 6%. Remember, you do not have to risk 2% per trade; you may risk less if you like.
7. Put on a trade only after meeting all of the above conditions.
#Bookathone : Book #come into my trading room
Buy low, sell high. Short high, cover low. Traders are like surfers, trying to catch good waves, only their beach is rocky, not sandy. Professionals wait for opportunities but amateurs jump in, driven by emotions.
They keep buying strength and selling weakness, bleeding their equity into the markets.
Buy low, sell high sounds like a simple rule, but greed and fear can override the best intentions.
A professional waits for familiar patterns to emerge from the market. He may notice a new trend with rising momentum, indicating higher prices ahead.
Once he recognizes a pattern, he puts on a trade. A trade is a bet on a price change, but there is a paradox. Putting on a trade challenges that consensus.
A buyer disagrees with the collective wisdom by saying the market is under priced. A seller disagrees with the wisdom of the entire group, believing the market is over priced.
Both the buyer and the seller expect the consensus to change, but meanwhile they defy the market. An intelligent trader looks for holes in the efficient market theory. He scans the market for brief periods of inefficiency.
When the crowd is gripped by greed, the newcomers jump in and load up on stocks. When falling prices squeeze the fingers of thousands of buyers, they dump their holdings in a panic, disregarding fundamental values.
#Technicalcharts : Looks Bullish 🙂
#Knowledge : Gems of Investing
1) 80% of gains come in 20% of time. So an investor needs enormous patience and conviction to hold stocks or Mutual funds for 10 or 20 years.
2) Why not all investors get rich? They like to get rich without going through many years of discipline & patience. Process leads to outcome.
3) An inferior strategy you can stick with is likely to produce better results than a superior strategy you cannot stick with.
4) Prices change frequently. Value change over a period of time. There lies the opportunity.
5) Compounding is back loaded. It works well only over a longer period of time. There is no substitute for time in compounding.
6) 99% of the time, doing nothing is the best thing to do in the market.
7) You cannot predict or control markets. What you can control is how much you save, investment process and behavior.
8) Buying and selling is easy. It is holding on through ups and downs is difficult but ultimately most rewarding.
9)Tiny drops of water make the mighty ocean. Invest regularly. Invest for long term. You can create huge wealth.
10) Not investing in equity is more risky than investing in it. Remember, you need to beat the inflation and retain your purchasing power.
11) Equity investments are subject to behavior risks. Always keep a check on your emotions while investing.
*Professional investors/trader on niftymillionaire platform is Bindul shah. (Sebi Registered) Sebi Registration : INH000003663