Showing posts with label weekend reading. Show all posts
Showing posts with label weekend reading. Show all posts

Sunday, September 26, 2010

HUL comes out of 9 year trading range

Every bull  market has new leaders. This bull market is also led by the new leaders.
Hindustan Uni Lever has been trading in  a range of 126-306 for the past 9 years. It has broken out of this range in the tenth year. It has done so on the back of huge volume.Now this stock is in no resistance zone and from here it may go even further and immediate target is 400-450.
This stock also made a  all time high of 323 in the year 2000. One should buy this stock on every dip.

We are presenting below the yearly chart of HUL .



There are some other stocks  who fall into this category. ITC is also trading  at life time high.

Oil Marketing Companies BPCL, HPCL, IOC are also trading at multi year high . Some other stocks are SBI, Tata Motors , M & M , HDFC Bank, HDFC, Infosys , TCS and Axis Bank.

These all are front line stocks which are providing leadership to the current rally.
These are the new leaders of this bull run

Saturday, April 24, 2010

Key Ingredients to Performing Your Best

1. Passion. You must be passionate about what you are doing and having fun. Passion first, then performance.

2. Confidence. Top performance comes from having a high degree of confidence. You must have the confidence that you can take control and face adversity. You must also be confident that you will have a favorable outcome over time.

3. Concentration. Peak performance comes from exceptional CONCENTRATION. You must concentrate on the process, though, not the outcome. A sprinter who is in the lead is thinking about the wind on their face, how relaxed their arms are, feeling the perfect stride…they are totally in the moment. The person who does NOT have the edge is thinking, “Oh, that runner is pulling ahead of me…I don’t know if I have enough wind to catch the leader…” They are tense and tight because they are thinking about the outcome, not the process.

4. Resiliency. Great performances come from being able to rebound quickly and forget about mistakes.

5. Challenge. Great performance comes from pushing yourself and trying to overcome limitations. Staying in the safe zone becomes a monkey on your back. Challenge yourself to take that hard trade. Manage it. If it does not work out, so what…your risk was limited and you can pat yourself on the back for taking the hard trade in the first place.

6. See and DO don't think! Great performance comes from turning off the brain and becoming automatic. This is being in the Zone …in the groove. You can’t overanalyze the markets during the trading day.

 7 Relaxation. When you are relaxed, your reflexes and timing are superior because you are loose.

Saturday, April 17, 2010

Principles of Peak Performance

The first principle of peak performance is to put fun and passion first. Get the performance pressures out of your head. Forget about statistics, percentage returns, win/loss ratios, etc. Floor-traders scratch dozens of trades during the course of a day, but all that matters is whether they're up at the end of the month.

The second principle of peak performance is confidence. in yourself, your methodology, and your ability to succeed. Some people are naturally born confident. Other people are able to translate success from another area in their life. Perhaps they were good in sports, music, or academics growing up. There's also the old-fashioned "hard work" way of getting confidence. Begin by researching and developing different systems or methodologies. Put in the hours of backtesting. Tweak and modify the systems so as to make them your own. Study the charts until you've memorized every significant swing high or low. Self-confidence comes from developing a methodology that YOU believe in.
Concentrate on the technical conditions. Have a clear game plan. Don't listen to CNBC, your broker, or a friend. You must do your own analysis and have confidence in your game plan to be a successful trader.

The third important ingredient for achieving peak performance is attitude. Attitude is how you deal with the inevitable adverse situations that occur in the markets. Attitude is also how you handle the daily grind, the constant 2 steps forward and 2 steps back. Every professional has gone through long flat times. Slumps are inevitable for it's impossible to stay on top of your game 100% of the time. Once you've dug yourself out of a hole, no matter how long it takes, you know that you can do it again. If you've done something once, it is a repeatable act. That knowledge is a powerful weapon and can make you a much stronger trader.


Most people react differently when they're under pressure. They tend to be more emotional or reactive. They tense up and judgment is often impaired. Many talented athletes can't cut it because they choke when the pressure's on. You could be a brilliant analyst but a lousy trader. Consistency is far more important than brilliance. Just strive for consistency in what you do and let go of the performance expectations.

If you admit to yourself that you truly don't have the will to win at this game, don't try to trade. It is too easy to lose too much money. Many people think that they'll enjoy trading when they really don't. It's boring at times, lonely during the day, mentally trying, with little structure or security. The markets are not a logical or fair playing ground. But there are numerous inefficiencies and patterns ready to be exploited, and there always will be.