GIVE AND CONTINUE GIVING AND REMAIN HAPPY FOR EVER.

Jameel Aahmed

We spend our life, working hard, for more and more. Our greed to acquire never ends. Our schools, colleges and Universities are busy in developing new and advanced theories on the ‘Art of Acquiring'. Our parents, right from day one, look forward to our growth in terms of acquiring knowledge and wealth. The results are obvious. We earn what we aspire for. We aspire for wealth right from our childhood. This is true, generations after generations, and the result is that the wealth of the world has multiplied in geometrical progression, over a period of time. We have been so busy in our quest for wealth that we hardly have time to think or practice anything else. In the process we have lost our peace of mind and happiness. We are trapped in the mad race of generating wealth. Our life has become mechanical. Being tired of mechanical, monotonous and artificial life, we run after superficial happiness, to hotels, restaurants, night-clubs and what not. We lead a life, where we are of nobody and nobody is ours. Everyone ends at money. The result is unhappiness. The deeper we get into the mud of shortcut to happiness, more and more unhappy we are.

Money is a necessity of life. Earning money, by good means, is necessary and one must work hard for the same. What is bad and dangerous for life is getting obsessed with money – which has become the order of the day.

Work is worship. We must work hard to earn our livelihood and generate knowledge and wealth for self and the society and use this possession to garner happiness for self, family, friends and the society at large.

‘Act of Giving' is the simplest path to achieve happiness and complete accomplishment. Giving does not mean charity of wealth only. Each one of us can give a lot to the society. If you have wealth, give wealth to those who need the same for their basic needs. If you have been blessed with knowledge, impart the same extensively to create a more knowledgeable, matured and happy society. If you are not so knowledgeable, nor have spare money, please render physical service and give love to all those who need it.

‘Act of Giving' is a mindset. It has nothing to do with your possessions. The richest, the most knowledgeable, the most healthy may not necessarily be inclined to part with anything for others. On the contrary, the poorest or the weakest may be inclined to give everything that they possess to those who are needier.

‘Act of Giving' knows no boundary. It could be to the most loved one – may be your spouse, child, brother, sister or parent. It could be to your nearest relatives. It could be to your friends, colleagues or acquaintances. It could be to your neighbors. It could be to the social group with which you are closely associated. At macro level, it could be to the nation and the world at large. ‘Act of Giving' anything to anyone at any level always contributes to your happiness.

Aggressively indulge in the ‘Act of Giving'. Give it to those who need it the most. Give money, give knowledge, give service, give solace and foremost give love to one and all and remain happy.

‘Act of Giving' will bring you the greatest sense of accomplishment – many times more than the accomplishment that you get in earning and possessing knowledge and wealth. With each act of giving you get into a new relationship full of love, affection and respect.

GIVE AND CONTINUE GIVING AND REMAIN HAPPY FOR EVER.

Trade with Discipline ::Traders Psych Post::

Trade with Discipline

Abdul Hakim Shaikh

The success that a trader achieves in the markets is directly correlated to one’s trading discipline or lack thereof. Trading discipline is 90 percent of the game. The formula is very simple: Trade with discipline and you will succeed; trade without discipline and you will fail.

Although my formal academic education consists of a bachelor’s degree in commerce from the University of Bombay (Now Mumbai), I never considered myself to be an extremely gifted student. I have no formal training in market technical analysis. I was unable to even set up a Fibonacci study or Moving Average study on a charting package, let alone know how to trade with such data. I have no formal training in market fundamental analysis.

How, then, have I been able to succeed, day after day? The answer is simple: I trade with discipline, and I respect the market. When I’m wrong I get out immediately, and when I’m right, I don’t get too greedy. I’m content with small winners and at the same time I’m accepting small losers.

Review the following Rules of Trading. You must condition yourself to behave with discipline over and over again. You may read through the following rules every day before the trading session begins. It doesn’t take more than three minutes to read through them. Think of the exercise as praying — reminding you how to conduct yourself throughout the trading session.

1.THE MARKET PAYS YOU TO BE DISCIPLINED : Trading with discipline will put more money in your pocket and take less money out. The one constant truth concerning the markets is that discipline = increased profits.

2.BE DISCIPLINED EVERY DAY, IN EVERY TRADE, AND THE MARKET WILL REWARD YOU. BUT DON’T CLAIM TO BE DISCIPLINED IF YOU ARE NOT 100 PERCENT OF THE TIME : Being disciplined is of the utmost importance, but it’s not a sometimes thing, like claiming you quit a bad habit, such as smoking. If you claim to quit smoking but you sneak a cigarette every once in a while, then you clearly have not quit smoking. If you trade with discipline nine out of ten trades, then you can’t claim to be a disciplined trader. It is the one undisciplined trade that will really hurt your overall performance for the day. Discipline must be practiced on every trade.

When I state that “the market will reward you,” typically it is in recognizing less of a loss on a losing trade than if you were stubborn and held on too long to a bad trade. Thus, if I lose Rs. 200 on a trade, but I would have lost Rs. 1,000 if I had remained in that losing trade, I can claim that I “saved” myself Rs. 800 in additional losses by exiting the bad trade with haste.

3. ALWAYS LOWER YOUR TRADE SIZE WHEN YOU’RE TRADING POORLY : All good traders follow this rule. Why continue to lose on five lots per trade when you could save yourself a lot of money by lowering your trade size down to a one lot on your next trade? If I have two losing trades in a row, I always lower my trade size down to a one lot. If my next two trades are profitable, then I move my trade size back up to my original lot size.

4. NEVER TURN A WINNER INTO A LOSER : We have all violated this rule. However, it should be our goal to try harder not to violate it in the future. What we are really talking about here is the greed factor.

The market has rewarded you by moving in the direction of your position, however, you are not satisfied with a small winner. Thus you hold onto the trade in the hopes of a larger gain, only to watch the market turn and move against you. Of course, inevitably you now hesitate and the trade further deteriorates into a substantial loss.

There’s no need to be greedy. It’s only one trade. You’ll make many more trades throughout the session and many more throughout the next trading sessions. Opportunity exists in the market all of the time.

Remember: No one trade should make or break your performance for the day. Don’t be greedy.

5. YOUR BIGGEST LOSER CAN’T EXCEED YOUR BIGGEST WINNER : Keep a trade log of all your trades throughout the session. If, for example, you know that, so far, your biggest winner on the day is thirty Nifty points, then do not allow a losing trade to exceed those thirty points. If you do allow a loss to exceed your biggest gain then, effectively, what you have when you net out the biggest winner and biggest loss is a net loss on the two trades. Not good.

6. DEVELOP A METHODOLOGY AND STICK WITH IT. DON’T CHANGE METHODOLOGIES FROM DAY TO DAY : I suggest you to actually write down the specific market prerequisites (setups) that must take place in order for them to make a trade. I don’t necessarily care what the methodology is, but I want tou to make sure that you have a set of rules, market setups or price action that must appear in order for you to take the trade. You must have a game plan.

If you have a proven methodology but it doesn’t seem to be working in a given trading session, don’t go home that night and try to devise another one. If your methodology works more than half of the trading sessions, then stick with it

7. BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE : In all of my years as a trader I never traded more than 200 lot on any individual trade (and I made a net loss of over 6 lac that day). Sure, I would love to be able to trade like colleagues, and friends who were regularly trading 100 or 200 lots per trade. However, I didn't possess the emotional or psychological skill set necessary to trade such a big size. That’s OK. I knew that my comfort zone is somewhere between 10 and 20 lots per trade. Typically, if I traded more than 20 lots, I would “butcher” the trade. Emotionally I could not handle that size. The trade would inevitably turn into a loser because I could not trade with the same talent level that I possessed with 10 lot.

Learn to accept your comfort zone as it relates to trade size. You are who you are.

8. YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY : Never put yourself in the precarious position of losing more money than you can afford. The worst feeling in the world is wanting to trade and not being able to do so because the equity in your account is too low and your broker will not allow you to continue unless you add more funds in your account.

I suggest you to place daily downside limits on your performance. For example, your daily loss limit can never exceed Rs. 5000. Once you reach the Rs. 5000 loss limit, you must turn your PC off and call it a day. You can always come back tomorrow.

9. EARN THE RIGHT TO TRADE BIGGER : Too many new traders think that because they have Rs. 2,50,000 equity in their trading account that they somehow have the right to trade five or ten Nifty lots. This cannot be further from the truth. If you can’t trade one lot successfully, what makes you think that you have the right to trade 10 lots?

Ask your spouse to demand you to show them a trading profit over the course of ten consecutive trading days trading one lot only. When you have achieved a profitable ten-day period, in my eyes, you have earned the right to trade two lot for the next ten trading sessions.

Remember: if you are trading poorly with two lots you must lower your trade size down to a one lot.

10. GET OUT OF OF YOUR LOSERS : You are not a “loser” because you have a losing trade. You are, however, a loser if you do not get out of the losing trade once you recognize that the trade is no good. I bet, It will amaze you, how accurate your gut is as a market indicator. If, in your gut, you have the idea that the trade is no good then it’s probably no good. Time to exit.

Every trader has losing trades throughout the session. A typical trade day for me consists of 33 percent losing trades, 33 percent scratches and 33 percent winners. I exit my losers very quickly. They don’t cost me much. So, although I have either lost or scratched over two-thirds of my trades for the day, I still go home a winner.

11. THE FIRST LOSS IS THE BEST LOSS : Once you come to the realization that your trade is no good it’s best to exit immediately. “It’s never a loser until you get out” and “Not to worry, it’ll come back” are often said tongue in cheek, by traders. Once the phrase is stated, it is an affirmation that the trader realizes that the trade is no good, it is not coming back and it is time to exit.

12. DON’T HOPE AND PRAY. IF YOU DO, YOU WILL LOSE : When I was a new and undisciplined trader, I can’t tell you how many times that I prayed to the “God.” My prayers were a plea to help me out of a less-than-pleasant trade position. I would pray for some sort of divine intervention that, by the way, never materialized. I soon realized that praying to the “God” or any other “futures god” was a wasted exercise. Just get out!

13. DON’T WORRY ABOUT NEWS. IT’S HISTORY : I have never understood why so many traders listen to or watch Financial TV Channels all day long. The “talking heads” on these programs know very little about market dynamics and market price action. Very few, if any, have ever even traded one lot in any exchange. Yet they claim to be experts on everything. They can't provide any utility to you. Treat it for what it really is... entertainment.

14. DON’T SPECULATE. IF YOU DO,YOU WILL LOSE : In all of the years that I have been a trader and associated with traders, I have never met a successful speculator. It is impossible to speculate and consistently get large winners. Don’t be a speculator. Be a trader. Short-term scalping of the markets is the answer. The probability of a winning day or week is greatly increased if you trade short term: small winners and even smaller losses.

15. LOVE TO LOSE MONEY : What I mean is to accept the fact that you are going to have losing trades throughout the trading session. Get out of your losers quickly. Love to get out of your losers quickly. It will save you a lot of trading capital and will make you a much better trader.

16. IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIME FRAME, IT’S TIME TO EXIT : This rule relates to the theory of capital flow. Trading capital pushes the market one way or another. An oversupply or imbalance of buy orders will push the market up. An oversupply of sell orders will push the market down.

When prices reached stagnation point (as typically happens many times throughout the trading session), the market and its participants are telling us that, at the present time, they are happy or satisfied with the prevailing rates.

You don’t want to be in the market at these times. The market is not going anywhere. It is a waste of time, capital and emotional energy. It’s much better to wait for the market to heat up a little and then place your trade.

17. NEVER TAKE A BIG LOSS. ONLY A BIG LOSS CAN HURT YOU : Big losses prevent you from having a winning day. They wipe out too many small winners that you have worked so hard to achieve. Big losses also “kill you” from a psychological and emotional standpoint. It takes a long time to get your confidence back after taking a big loss on a trade.

18. LEARN TO EXIT FROM YOUR WINNERS : The net effect of exiting out of your winners will be an increased average win per trade while keeping your losses to your pre-defined risk parameters.

You should never average out your losers, They say never catch a falling knife. If your trade size is more than one lot and your trade is a loser, you must exit the entire position. If your trade size is more than one lot and your trade is a winner, it is best to exit half of your position at your first price target.

If you trade with protective stop-loss orders, you should modify the order to reflect the change in trade size (remember you have exited half of your position) and raise or lower the SL price, to your original entry price. You now are essentially at a winning side. You can’t lose on the remaining position, and that’s obviously a fantastic position in which to put yourself.

19. DON’T OVER-ANALYZE. DON’T PROCRASTINATE. DON’T HESITATE. IF YOU DO,YOU WILL LOSE : The net result of all this procrastination and hesitation is the trader was correct in deducing market direction but his profit on the trade was zero. We don’t get paid in this business unless we put the trade on. Don’t overanalyze the trade. Place the trade and then manage it. If you’re wrong, get out. But you’ll never be right unless you are actually in the trade.

20. IT’S THE MARKET ITSELF THAT WIELDS THE ULTIMATE SCALE OF JUSTICE : The market moves wherever it wants to go. It does not care about you or me. It does not play favorites. It does not discriminate. It does not intentionally harm any one individual. The market is always right.

You must learn to respect the market. The market will mercilessly punish you if you do not play by the Rules. Learn to condition yourself to play by these Rules of Trading and you will be rewarded.

Happy Trading.

#Stocks #mustread Traders Psych Post ::Trade with Discipline http://jameelblr.blogspot.in/2012/02/traders-psych-post-05feb2012-2-success.html

A shoe on Narendra modi's face

Referring to the News Gujarat HC upholds Lokayukta's appointment

  @oongalbaaz Tweets : In short: A shoe on NaMo's face

Narendra Modi did not appoint Lokayukta for 7 years and BJP say it is supporting Jan Lokpal Bill.

There are so many irregularities. But Modi wants to shield himself and his ministers, so he is not appointing a Lok Ayukta for the past 7 years

Corruption has gone upto to the highest levels. Example,2G, Commonwealth Games, Yeddiurappa in land denotification,Votes for notes etc. If the Head of Govt starts appointing Lokayukta, Will it really help in fighting corruption? In case of Gujarat It is the Governor who has the power to appoint Lokayukta after consulting the CM. But, Governor has the ultimate power. Shameless BJP and Shameless CM is downsizing the HC.

Full text: Gujarat High Court order on Lokayukta case

After a marathon hearing, a division bench came up with a split verdict with justice Akil Kureshi concluding that the consultation process between the CM and the chief justice was over and the appointment was not illegal, particularly looking at the fact that the post was vacant for more than seven years. Justice Sonia Gokani in the bench had a dissenting view and quashed the appointment. 

Chief Minister Narendra Modi   & Gujarat Governor Kamla Beniwal

Following this disagreement, the case was referred to a third judge - justice V M Sahai, who heard the case on points of disagreement between the two judges. The points formulated by the division bench were - 1. Looking at the nature of consultation required for appointment of Lokayukta under Section 3 of the Gujarat Lokayukta Act, in the present case as a matter of fact, whether the consultative process between the Chief Justice and the Chief Minister had come to a close and there was a deadlock between the two dignitaries? 2. Whether the Governor of the State was authorized to act in a manner she did while issuing a notification appointing Justice R.A. Mehta as Lokayukta of the State without the aid and advice of the Council of Ministers? 3. What final order? In other words, should the petitions be allowed or should the petitions be dismissed. Further if the petitions are to be allowed, should further direction for appointment of a new Lokayukta within time frame be given to the State Government? 

After hearing the case, justice Sahai agreed with justice Kureshi's view and held that the governor's decision was legal. With the third judge's opinion, the government's petition has been dismissed. However, the formal pronouncement may be made by the division bench, as the matter has been referred to the acting chief justice. 

Modi Stonewalling Lokayukta appointment threatened rule of law,Chief Minister's pranks show deconstruction of democracy, said Justice Sahai. it's huge setback to Narendra Modi as Gujarat HC upholds Lokayukta's appointment.

Modi as he growing old, the level of frustuation is shooting within him,and looks like can play crooked and ever ready to do anything

If Modi had any morals, any conscience he would have resigned. But then Modi the Hindu god of death and destruction has full support of Hindu Extremists and Terrorists. What does he care for morality, conscience, criminal charges against him, charges of moral and financial corruption. He is immune to it, because he is the Hindu god-man.

I have always said in the past that Gujarat courts are not capable of delivering justice, now looks like i have some hope, but after saying that , in same breath i hope Gujarat HC decision will not act as the Support level in increasing the victory margin of Narendra modi in upcoming assembly election ! 

click the below link to know
Five Big Facts on Narendra Modi vs Lokayukta

11 Time management skills

 Time management skills
 

Do you feel the need to be more organized and/or more productive? Do you spend your day in a frenzy of activity and then wonder why you haven't accomplished much?

Time management skills are especially important for small business people, who often find themselves performing many different jobs during the course of a single day. These time management tips will help you increase your productivity and stay cool and collected.
Time Management Tips

1) Realize that time management is a myth.
No matter how organized we are, there are always only 24 hours in a day. Time doesn't change. All we can actually manage is ourselves and what we do with the time that we have.

2) Find out where you're wasting time.
Many of us are prey to time-wasters that steal time we could be using much more productively. What are your time-bandits? Do you spend too much time 'Net surfing, reading email, or making personal calls? Tracking Daily Activities explains how to track your activities so you can form a accurate picture of what you actually do, the first step to effective time management.

3) Create time management goals.
Remember, the focus of time management is actually changing your behaviors, not changing time. A good place to start is by eliminating your personal time-wasters. For one week, for example, set a goal that you're not going to take personal phone calls while you're working. (See Set Specific Goals for help with goal setting.) For a fun look at behaviors that can interfere with successful time management, see my article Time Management Personality Types. Find out if you're a Fireman, an Aquarian or a Chatty Kathy!

4) Implement a time management plan.
Think of this as an extension of time management tip # 3. The objective is to change your behaviors over time to achieve whatever general goal you've set for yourself, such as increasing your productivity or decreasing your stress. So you need to not only set your specific goals, but track them over time to see whether or not you're accomplishing them.


5) Use time management tools.
Whether it's a Day-Timer or a software program, the first step to physically managing your time is to know where it's going now and planning how you're going to spend your time in the future. A software program such as Outlook, for instance, lets you schedule events easily and can be set to remind you of events in advance, making your time management easier.

6) Prioritize ruthlessly.
You should start each day with a time management session prioritizing the tasks for that day and setting your performance benchmark. If you have 20 tasks for a given day, how many of them do you truly need to accomplish? For more on daily planning and prioritizing daily tasks, see Start The Day Right With Daily Planning.

7) Learn to delegate and/or outsource.
No matter how small your business is, there's no need for you to be a one-person show. For effective time management, you need to let other people carry some of the load. Determining Your Personal ROI explains two ways to pinpoint which tasks you'd be better off delegating or outsourcing, while Decide To Delegate provides tips for actually getting on with the job of delegating.

8) Establish routines and stick to them as much as possible.
While crises will arise, you'll be much more productive if you can follow routines most of the time.

9) Get in the habit of setting time limits for tasks.
For instance, reading and answering email can consume your whole day if you let it. Instead, set a limit of one hour a day for this task and stick to it.

10) Be sure your systems are organized.
Are you wasting a lot of time looking for files on your computer? Take the time to organize a file management system. Is your filing system slowing you down? Redo it, so it's organized to the point that you can quickly lay your hands on what you need. You'll find more information about setting up filing systems and handling data efficiently in my Data Management library.

11) Don't waste time waiting.
From client meetings to dentist appointments, it's impossible to avoid waiting for someone or something. But you don't need to just sit there and twiddle your thumbs. Always take something to do with you, such as a report you need to read, a checkbook that needs to be balanced, or just a blank pad of paper that you can use to plan your next marketing campaign. Technology makes it easy to work wherever you are; your PDA and/or cell phone will help you stay connected.

You can be in control and accomplish what you want to accomplish - once you've come to grips with the time management myth and taken control of your time.

Jameel Aahmed