Just a Quick Note on the BOTTOM

When everyone is calling for a bottom is it a bottom.I believe right now this market is bottomless till Fear of major declines reduces.Do u see major index stocks in a free fall .So next time someone says bottom is in think again .Posting the chart of the great depression .IT went from 400 to 40 in a few years.So thought learning from history is good but Return of CAPITAL IS MORE IMPORTANT THAN RETURN ON CAPITAL.

WILL the GREENBACK crush other markets

Is the Euro zone in real trouble ...has the debasing war of currencies started ...


some good articles coming soon!!!

Could it is be a rally before a Collapse

You can judge for yourself .Time will tell if this was a real thing or sucker rally

GE Going to be 2$ soon

Also check this link which i found very interesting

http://www.safehaven.com/article-12879.htm


ALSO

http://market-ticker.denninger.net/archives/2009/03/03.html

http://www.bloggingstocks.com/2009/01/13/short-sellers-lay-down-big-bet-against-ge?icid=sphere_blogsmith_inpage_bloggingstocks

http://seekingalpha.com/article/106445-general-electric-genuine-risk-of-collapse

http://market-ticker.denninger.net/uploads/ge.jpg


SO CHARTS DONT LIE

Are You a good Trader

Their are four (5) major qualities a good trader must posses to succeed in the market

(1) Emotional and Psychological Discipline
(2) Sound Money Management Strategy
(3) Good Trading Strategy
(4) Strong Passion For Trading and Learning from others mistakes
(5) Strong intuitive ability to think before majority of them

Human beings have emotions , fear , greed, revenge and pride.When these things go out of control we make mistakes.If these emotions are not put into check being a good trader is very very tough.


M Mgmt strategies are a must when one is trading.This is the single most factor which can change desired outcome.For example lets say u have 100 bucks what would be your stop in a trade?
when u loose 10% to break even u need to gain 11%
Loose 30% u need to make 50% to break even
u loose 50% u need to make up 100% to break even

So cut ur losses when something has not gone your way.It also means when ur right try to make the most of it and when your wrong try to minimise how much you loose.

Good trading strategy----Lot of people ask me whats your strategy and what software you use.
Sure software helps but it also depends on how comfy you are with the software.You need to be accurate with ur observations and you should have some non conventional indicators to tell you that u can short or go long .It requires time and practice to achieve this( NOT easy at all).


On top of all of that – don't be so blinking emotional !

Don't get excited when your pips are mounting.
Don't be proud after closing a great trade.
Don't revenge trade when you lose.
Don't get angry if you miss an opportunity.
Don't anxiously try to earn some money with each trade.
Don't hope for too much and ...
... don't regret too deeply.

Will continue with some more on this topic .......