LETS FACE THE TRUTH

With all the QE ,the central bankers across the world has only achieved in ''RUINING THE WORLD ECONOMY'',The reality is catching up ,,lets at least face it now .

1.there is so much of paper money in the world ,UNCLE SAM was the pioneer ,,now we have a lot of toilet paper currencies .

2. the central bankers funded the ,,banks that created the sub-prime ,and gave these bankers free money to manipulate the markets to show a good balance sheets in their books .The outcome ,,the man in the street has gone broke ,,,

3.with so much of paper money chasing so little goods ,the inflation should be high in most countries,,, what is the truth ,,,they have DEFLATION .

4.OIL ,GOLD ,COPPER ,, NAME THE COMMODITY ,,,the price was pushed with out any real demand ,,why?china was buying ...what a dumb reason ,,there was no real consumptions of all these commodities ,, ''speculative '' trade it was ,,.

5.instead of holding the banks and the financial institutions that created this chaos ,, and destruction to the world economy ,,,the respective govts awarded them with more money ,,why? THEY WERE TOO BIG TO FALL "'.

THERE IS SO MUCH MORE TO THIS TRUTH ,,,,When politics takes precedence over economic consideration ,,this is what the end result is.

Creating Your Own Trading Plan

I’ve had the question of whether I have a trading plan template or anything like that I can provide or recommend a couple of times in recent weeks. In short, the answer is no, but that’s because I’m hesitant to recommend one.

You see trading plans necessarily must be very personalized things. That makes the idea of a specific template something difficult to contemplate. A template is rigid, and as such isn’t going to work for everyone or even necessarily for any given trader all the time.

With that in mind, I’m going to do a bit of excerpting from The Essentials of Trading over the course of a couple of posts to share my thoughts on how to put together a good trading plan. I’ll start of in this post by laying the groundwork.

What’s a Trading Plan?

The starting point of effective trading is the Trading Plan. One can think of it like a Business Plan for the trader. Just like the Business Plan, the Trading Plan is a specific outline of current status, objectives for the future, and the expected path to reach those goals.

In plain language, the Trading Plan is a set of rules governing the trader efforts in the markets. It brings together all of the what’s, when’s, where’s, why’s, and how’s of trading in an all encompassing definition of what the trader is seeking to accomplish and how he/she will go about trying to make it happen. The Trading Plan is the starting point for every trader looking to succeed in the markets.

Please note that while we may be speaking here in terms of the trader as an individual, everything presented is equally applicable to a fund or company environment. The Trading Plan still must be constructed, albeit from a different perspective.

Why does one need a Trading Plan?

The very simple answer is that it allows the trader to measure their performance in a very clear, straightforward manner, on a running basis. Just as one uses a map to both establish the path to be taken and to judge the progress which has been made, the Trading Plan defines the trading system and gives the trader benchmarks for use in judging their execution of it.

Be aware that a Trading Plan and a Trading System are two different things. The latter is, in brief, the way one determines entry and exit points the timing of trades, if you like. The former is more over-reaching in that it includes the Trading System, plus other important things like money management.

What is the purpose of the Trading Plan?

There are several reasons to have a Trading Plan, but probably the biggest is the way it simplifies things. A good, well thought out Trading Plan takes a great deal of excess thinking out of the trading process. Decision-making is very clear-cut. The Plan defines what is supposed to be done, when, and how. Trading can be a very emotionally charged venture. That can lead to all kinds of less-than-optimal behavior. The Trading Plan takes that out of the equation. Just follow the plan.

The Trading Plan is also very, very handy in helping one to understand the reasons for performance problems. If one is suffering from losses beyond what would be expected (as defined by the Plan), there are only two possible reasons. Either the Plan is not being followed, or the there is a problem with the trading system. That’s it. Without the Trading Plan, resolving performance issues is a much more complicated process.

While a Trading Plan is intended to help the trader succeed in the markets, having a Trading Plan is not a guarantee of generating profits. A Plan is only as good as the components in it.

Technical Analysis Of Reliance Industries (10-01-2015)

Technical Analysis Of Reliance Industries :

Reliance is falling from levels of 1017 to 832 and in consolidating phase. So short term recovery may happen towards 920+.

Buy Reliance Industries (RIL) For A Target Of 920. Stoploss As Per Your Own Risk Levels.

DISCLAIMER:

Investing and Trading in any equity,future,gold,silver,forex and crude-oil is risky. My recommendations are technical analysis based on & conceived from charts. The information provided is not guaranteed as to accuracy or completeness. This is my personal view only.

Please consult your adviser or consultant or analysts before investing and/or trading. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by any.