First indication of weakness or Correction ? – No Quick Conclusions

Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.

You don’t need to trade everyday - there is the plain fool, who does the wrong thing at all times everywhere, but there is also the dalal street fool, who thinks he must trade all the time. No man can have adequate reasons for buying or selling stocks daily – or sufficient knowledge to make his play an intelligent play.

Losing money is the least of my troubles. A loss never troubles me after i take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.

A speculator must concern himself with making money out of the market and not with insisting that the markets must agree with him. Never argue with it or ask for reasons or explanations.

The speculator’s deadly enemies are: ignorance, greed, fear and hope

you must always put a stoploss to preserve capital

a small loss or several small losses can easily be made back with one large profit but when you let large losses run against you it is hard to get them back.

the fear of the market is the beginning of wisdom.

never average a loss rather buy on the way towards profits.

the most important of all ( huge fno traders and margin traders. )

when you make a trade you should never risk more then 10% of your capital and if u have a few losses reduce your units of trade.

Best Regards,

Nooresh 09819225396