Sunday, October 3, 2010

Both are Free but only one is a trading help

Thanks to advances in technology, two different trading resources are easily accessible and free. The First is business TV, which is available on your TV screen, and, the second is also freely available, but less used - this is the internet.

Business TV is great fun, but does not help in your trading. If at all, it can become a major barrier in your success. The Internet is actually a help in your trading because it forces you to think. Since the Internet requires you to read, it needs application of mind, which leads to stimulation of the brain, your thinking process - all contributing to better trading .

Remember, on business TV, trading tips are available by the Kilo. When tens of tips are handed over to the viewer, at least some of them will be successful - this is due to random chance rather than any skill. For all the tips that you receive, ask yourself: is it possible for anyone to offer day trading tips where the trade will be successful in two or three hours?

The Making of a bull market

While prices are rising, most people do not believe the rally is for real. Eventually, bull markets climb this wall of fear and fear changes into assurance (It is not going to go down) - this is the first sign that the trend is becoming mature and may begin faltering. This process seems to have started. 'Everyone' is convinced that new highs will be made, while I hear targets of 7500 for the Nifty expected to be hit, soon enough.

2 comments:

ANAS said...

GODDMORNING Respected Sir, its me again..

(small mouth , big words. ) I request your permission to write the following....

I was reading about Dow Theory , couple of months ago, when I came across a very funny yet very important line.

''WHEN THE TAXI CAB DRIVER STARTS OFFERING TRADING/INVESTING TIPS, AND WHEN EVERY SECOND PERSON YOU MEET, IS CONFIDENT THAT THE STOCK MARKETS WILL NOT FALL,,, THEN ITS TIME TO BE CAUTIOUS..... As the bull market might be ending ..

Yours,
Anas Elias Batla..
kolkata.

rkmangal2802 said...

ANAS,I HOPE U R RIGHT.THIS DO HAPPEN IN EACH TRADE NOT ONLY IN STOCK MARKET.