How to Become Doctor In Two Days !!!!!!!!!!

Dear All,
                             


  Can you think of becoming Doctor in 2 Days , Then why people think that they can become                                         trader in 2 Days ???.

Trading like any other Professions require Following steps  to Succed

1. Training :  Have you seen any body  becoming doctor / engineer / lawyer in 2 days forget about being sucssecful , the answer is no

Doctors go through rigirous Training , MBBS - 5 years + M.S. -- 2 Yrs , then they practise in some hospital for 2-3 Years and then they stand on there own . Total Min yrs Spent on learning or Training 10 Yrs .

Lawyers  complete LLB in 5 Yrs & After practising for atleast min 5 yrs can thing of starting on their own . Min ysr spent on learning or Training  10 Yrs.


Professional Players spent hours & hours on training , Tiger Woods used to have training schedule of 12 Hours per days , Our Great Sachin tendulkar Used to train min 6--8 Hours Daily on Nets .


Remember Your are Competing with one of the best & sharpest Mind in the world of Trading , You dont have slimest of chance if you are not prepared well.


Becoming a Professional Trader require rigirous amount of training , which most people dont do and then they loose there money in Market .



2. Planning :  Doctors have a set guide lines / Dignosis which they follow in treatment of people / same applies to professional athelets , they plan there innings or game and then tacticaly execute them on field .

As a Trader have  you ever plan your trades or Have gone through these question before taking Trades

1.Why Trading ......... Have you ever asked yourself why you want to trade ??

2. Your Style of Trading .... Positional / Swing / Intra day ??

3.What's your Edge in Trading ???

4.How much time you devote In studying Markets ??

5.Have you define which markets will you trade ???

6.On what basis you decide to enter into a trade ???

7.Exit criteria ??

8. Money Management rules ??

9. Position sizing ???

10. Are you having a Written Trading Plan ??



You need to Plan your Business of Trading  else chances of success are almost Nil .



3. Discpline : Doctors / Lawyers / Professional Athelets / Engineers they follow discpline in these profession , same applies to Trader's Also . Displine to follow your Trading plan make the diffrence between a Professional  Trader or Amatuer Trader .


The moral of the Story is you need intense Training / Planning / Discpline to be come a Profitable Trader ...........else you will kepp loosing money .




Thanks & Regards

Abhay Mehrotra

M :9873511276

Elliot Wave Trading Workshop

Dear All,


Offering Elliot Wave Trading Workshop

Only For Serious Traders & Investors

Fees :  Rs .45500

Duration : Two  Months

16 Classes of 2 Hours of duration on Weekends

Medium : Both Offline and Online



After 16 Sessions , Get Trained with me in Live Market for 10 Live Trading sessions and Learn how 

to Apply concepts in Real time 


Reasons Why You should Learn Elliot Wave Analysis From  Mr. Abhay Mehrotra

1. Over More than 800 Live Elliot Wave setups shared on site before the move happened 

2. More than 10 Years of Experience On Elliot Wave and Time Analysis

3. Shared Examples on Various Instruments like Nifty , Stocks , Commodities 

4. Will Train you in live Market  

Contact --- M: 9873511276

Thanks & Regards
Abhay Mehrotra

Lessons from Paul Tudor Jones !!!!!!!!!

Dear All,

                                                   Great Insight On Trading from a Master Trader

1.  Never play macho man with the market.

2. Never over-trade relative to the equity in your   account

3.his first mentor has “steel hard emotional control”

4.always liquidate half his position below new highs or low

5.after having 60-70% draw-down, he was so depressed he nearly quit. “Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?”

6.he then first decided to learn discipline and money management. Become disciplined and business-like about trading


7.”Now I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them”

8.Be quicker and more defensive. Always think about losing money as opposed to making money. He always has a mental stop. If it hits that number, he is out no matter what.

9.”Risk control is the most important thing in trading” Stop out at near 10% monthly draw-down. He never wants to lose 10% in a month

10.Try to picking turning points. Keep trying, but cut position size down if trading poorly (after successive losing trades)

11.Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.

12.If you have losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in. There is nothing better than a fresh start

13.The most important rule of trading is to play great defense, not great offense. Every day he has stop risk points for his positions, so he define his maximum drawdown. He spends the rest of the day enjoying positions that are going in his direction. If they go against him, he has a gameplan to get out
Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead

14.He wants to invest in things that allows him to get liquid “very quickly”

15. His investment philosophy is “I don’t take a lot of risk, I look for opportunities with tremendously skewed reward-risk”

16.Don’t ever let them get into your pocket – that means there’s no reason to leverage substantially.

There’s no reason to take substantial amounts of financial risk ever because you should always be able to find something where you can skew the reward risk relationship so greatly in your favor that you can take a variety of small investments with great reward risk opportunities that should give you minimum draw down pain and maximum upside opportunities

17. You’ve got to look at good traders historically. If a trader can on average annually deliver two to three times their worst draw down, then that’s a very good track record, and I’d say that that’s what I try to do. If I thought that for the funds that I managed that 10% would be the worst that I would tolerate in a given year then hopefully I’d annualize two or three times that and that’s probably what I’ve done. Maybe a little below that in the ’90′s and a little above that in the ’80′s.

18.The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge. Because I think there are certain situations where you can absolutely understand what motivates every buyer and seller and have a pretty good picture of what’s going to happen. And it just requires an enormous amount of grunt work and dedication to finding all possible bits of information.

19.the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.

20. Take-aways: Discipline and risk management is 99% of trading. Don’t ever take substantial leverage or risk. Don’t be a hero. Wait for the fat pitches, don’t gamble, work hard, and have an unquenchable thirst for information/knowledge. Spend your day trying to make yourself happy and relaxed – get rid of losing positions and ride the winners.


Thanks & Regards
Abhay Mehrotra

"Best Looser is Long Term Winner "---- Phantom of Pits

Dear All,
                       While reading the book Phatom of Pits " , I Came Across this phrase "Best looser is long Term Winner " . This is so close to reality of Professional Trading .

I read hundered of articles on trading, every body is focus how to win in markets , how to make profit etc.. nobody ever concern about loosing ......ametuer trader looks for methods and tips that can give then 100% Trade win ratio . Some people boast of 100% trade win ratio with no loss gurantee .

Just ask your self ,can you find a Single human being who have never done any thing wrong in his life .

Great people achieve success because they learn fast from there mistakes , take feedback from it and not to repeat the same mistake again .

Thomas edison failed 10000 times in making a light bulb ......should you call him a looser ???


To make mistake is being human , humans tends to learn and progress from mistake , its not that
that Successful people never did mistakes in their life .


Trading is same as life , professional trader's make mistake , they learn , they adapt and they love being wrong or should i Say being looser .

In Trading people hate to loose , but in reality Trading is a Business of Managing losses Effectively


Trading is all about defining your risk and play the game according to it . Being  a best looser will make you stand till the end and enhance your chance of winning the game in long term.


Please remember learn to loose Effectively  first .



Thanks & Regards

Abhay Mehrotra

Tata Motors Neo Wave Analysis : Sl Hit as Wave 3 Extends !!!!!!!!!!!

Dear All,
                                                    On 18 July given Update that we expect wave 4 or Wave B

                            http://www.abhaymehrotra.com/2015/07/tata-motors-neo-wave-analysis-wave-b.html

                                                            Below is the chart we posted on that day

         

What happen after our update 

Market didnt responded to our Analysis 

and gone down as Wave 3 extends 

Imp : This update is Strictly for Educational Purpose 

M :9873511276 

Thanks & Regards

Abhay Mehrotra 

Bank Nifty Neo Wave Analysis : Time & Price Bang on !!!! Collapsed 1000 Points From Gann Time & Elliot Price Zone

Dear All,
                                           

                                        On 21 July told you , We are entering Time & Price Zone , kindly read                                                         http://www.abhaymehrotra.com/2015/07/bank-nifty-neo-wave-analysis-time-price.html


                                                            Below is the chart we posted on that day

Min Condition For Time & Price Meet Told you in last Update 

What Happened After Our Update 

Bank Nifty from high of 19229  Hit  18188 

Collapse 1000 Points 

Are You Trading With Time & Price Advantage 

Only Using Price For Trading ??

Get "Time Analysis Advantage" 

When Time & Price Combines Changes Happens .........W.D. Gann 

Imp : This update is Strictly For Educational Purpose Only 

M :9873511276 

Thanks & Regards

Abhay Mehrotra 

Nifty Neo Wave Analysis : Time & Price Bang On , Reversed Exaclty On 23 July Gann Time Date Zone & From Elliot Price levels , Collapse 300 Points From Gann Time Zone

Dear All,
                                                    Told you on 17 July we are entering Time & Price Zone , Kindly Read                                                               http://www.abhaymehrotra.com/2015/07/nifty-time-price-analysis.html

                                             
                                                              Below is the chart we posted on that day

What Happened After It ,Nifty Made High on 23 July On Gann Time Zone 

Hit 8654 , Very Close To Elliot Price Levels 

and From 8654 to 8352 Now 

Collapsed 300 Points 

Are You Trading With Time & Price Advantage ??

Only Using Price for Trading ??

Get "Time Analysis Advantage "

When Time & Price Combine Change Happens ............W.D. Gann 

Imp : This update is Strictly for Educational Purpose 

M :9873511276 

Thanks & Regards

Abhay Mehrotra