The Ten Tasks of Top Traders

1. Daily self analysis:   Successful trading is 40% risk control and 60% self-control.
2. Daily mental rehearsal:   Practice being disciplined in your mind before you trade daily.
3. Developing a low risk idea:   Trade with the odds on your side with a defined risk.
4. Stalking:   Wait for the entry. Utilize patience and don’t pull the trigger to soon.
5. Action:   Take the entry when the signal is hit. Do not freeze up. Be definitive.
6. Monitoring:   Keep an eye on what is happening with your position.
7. Abort:   Be ready to cut your losses, when you are wrong and hit your stop loss.
8. Take profits:   Use trailing stop or profit target when one is hit. Allow the market to take you out.
9. Daily briefing:   Think through your trading & what you did right/wrong based on your trading plan.
10. Periodic review:   Is your trading working? Do adjustments need to be made?

William J. O’Neil’s 10 Trading Principles:

William J. O’Neil

William O’Neil is likely one of  the greatest stock traders of our time. O’Neil made a large amount of money while he was only in his twenties, enough to buy a seat on the New York Stock Exchange. Today, he runs a successful investment advisory company to big money firms, and is also the creator of the CAN SLIM growth investment strategy, which the American Association of Individual Investors named  the top performing investment strategy from 1998 to 2009.This non-profit organization tracked more than 50 different investing methods, over a 12 year time period. CANSLIM showed a total gain of 2,763% over the 12 years. The CAN SLIM method is explained in O’Neil’s book “How to Make Money in Stocks”.

Mr. O’Neil founded “Investor’s Business Daily” to compete directly with “The Wall Street Journal”, and he also discovered of the “cup with handle” chart pattern.

Those closest to O’Neil that have seen his private trading returns say that they are greater than Warren Buffett’s or George Soros over the same time period. Here are some of the principles that lead to his results, and why he is considered a trading legend.

#1 He sells a stock he is holding after it has gone down 7% from his purchase price.

“I make it a rule to never lose more than 7 percent on any stock I buy. If a stock drops 7 percent below my purchase price, I will automatically sell it at the market – no second-guessing, no hesitation”

#2 One of the major keys to his profitable trading was only having small losses when he was wrong. 

“The whole secret to winning in the stock market is to lose the least amount possible when you’re not right.”

#3 William O’Neil studied historical chart patterns relentlessly and read thousands of trading books.

“90% of the people in the stock market, professionals and amateurs alike, simply haven’t done enough homework.”

#4 He invested in an industries leading stocks not its laggards and dogs.

“It seldom pays to invest in laggard stocks, even if they look tantalizingly cheap. Look for, and confine your purchases to, market leaders.”

#5 O’Neil ‘s investing style lead to big winners and small losing trades.

“Investors cash in small, easy-to-take profits and hold their losers. This tactic is exactly the opposite of correct investment procedure. Investors will sell a stock with profit before they will sell one with a loss.”

#6 He did not waste his time and money playing the short side in bull markets.

“Cardinal Rule #1 is to sell short only during what you believe is a developing bear market, not a bull market.”

#7 Fundamentals told O’Neil what to buy and the chart told him when to buy.

“The number one market leader is not the largest company or the one with the most recognized brand name; it’s the one with the best quarterly and annual earnings growth, return on equity, profit margins, sales growth, and price action.”

#8 O’Neil knew exactly what he was doing in the markets. He had a trading plan, trading principles, and rules.

“Some investors have trouble making decisions to buy or sell. In other words, they vacillate and can’t make up their minds. They are unsure because they really don’t know what they are doing. They do not have a plan, a set of principles, or rules to guide them and, therefore, are uncertain of what they should be doing.”

#9 O’Neil traded price action not his own opinions or of anyone else.

“Since the market tends to go in the opposite direction of what the majority of people think, I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless … facts and markets are far more reliable.”

#10 He watched a stocks volume as part of his trading plan.

“The best way to measure a stock’s supply and demand is by watching its daily trading volume. When a stock pulls back in price, you want to see volume dry up, indicating no significant selling pressure. When it rallies up in price, you want to see volume rise, which usually represents institutional buying.”

शेयर बाजार का बादशाह राकेश झुनझुनवाला

शेयर बाजार का बादशाह राकेश झुनझुनवाला / Rakesh Jhunjhunwala Story

“बाय राईट एंड होल्ड टाइट”

राकेश झुनझुनवाला शेयर बाजार में काफी सालो से काम कर रहें है और इस क्षेत्र में उनका नाम बहुत आदर से लिया जाता है, काफी कम पैसो से उन्होंने अपने करियर की शुरवात की थी और कुछ सालो में अपनी अप्पर मेहनत और असामन्य बुद्धिमत्ता से बहुत बड़ा व्यापर खड़ा किया. और आज उन्हें शेयर बाजार में काम करने वाले लोग अपना गुरु मानते है.

राकेश झुनझुनवाला एक भारतीय निवेशक और व्यापारी है. उन्होंने चार्टर्ड अकाउंटेंट की पढाई की है. और उनकी कंपनी रेयर एंटरप्राइज को एक सहयोगी की तरह संभाल कर रखा है, झुनझुनवाला को इंडिया टुडे पत्रिका ने “Pin-up Boy of the Current Bull Run”और इकनोमिक टाइम्स पत्रिका ने “Pied Piper of Indian Bourses” कहकर सम्मानित किया.

राकेश झुनझुनवाला भारत के शहर मुंबई में ही बड़े हुए, जहा उनके पिता आयकर विभाग में आयकर ऑफिसर का काम किया करते थे. Sydenham College से वे ग्रेजुएट हुए और फिर बाद में उन्होंने खुद को इंस्टिट्यूट ऑफ़ चार्टर्ड अकाउंटेंट ऑफ़ इंडिया में दाखिल किया.

राकेश झुनझुनवाला Aptech Limited और हंगामा डिजिटल मीडिया एंटरटेनमेंट प्राइवेट लिमिटेड के चेयरमैन है और बहोत सी भारतीय कंपनिया जैसे प्राइम फोकस लिमिटेड, गोजित BNP परिबास फाइनेंसियल सर्विस लिमिटेड, बिलकेयर लिमिटेड, प्राज इंडस्ट्रीज लिमिटेड, प्रोवोगुए इंडिया लिमिटेड, कांकोर्ड बायोटेक लिमिटेड, Innovasynth Technologies (I) Limited, मिड डे मल्टीमीडिया लिमिटेड, नागार्जुन कंस्ट्रक्शन कंपनी लिमिटेड, वाइसराय होटल्स लिमिटेड और टॉप्स सिक्यूरिटी लिमिटेड के वे बोर्ड ऑफ़ डायरेक्टर भी रह चुके है.

झुनझुनवाला के स्टॉक दिसम्बर 2011 में निचे उतर गये थे. लेकिन उन्होंने अपने नुकसान की भरपाई फेब्रुअरी 2012 में कर ली. इस तरह अपने व्यापर में बार-बार उतार चढाव आने से उन्होंने अपने तीसरे समूह को बढ़ाने की बजाये कम किया.

झुनझुनवाला को हर्शद मेहता के दिनों का काफी कुछ सहना पड़ा था और उनका हमेशा से ही ऐसा मानना था की निवेशक को हमेशा गिरगिट की तरह होना चाहिये. युवा उद्योगपति राकेश झुनझुनवाला को लोग प्रेरित करने वाले लोगो की सूचि में रखते है. काफी लोग निवेश करते समय उन्हें देखकर प्रेरित होते है. वे हमेशा से कहते थे की निवेश करते समय निवेशक का खुद पर भरोसा होना बहोत जरुरी है.

राकेश झुनझुनवाला का यह कहना है की, शेयर बाज़ार में तेज़ी सबका फायदा होता है और मंदी में सबका नुकसान होता है, इसीलिए यह मायने नही रखता की मै वैश्विक कुबेरों की सूचि में शामिल हुये या नही. मेरा बिज़नस मन्त्र बहोत आसान है, “बाय राईट एंड होल्ड टाइट” यानी सही समय पर सही शेयर ख़रीदे और उसे जकड कर रखे.

वॉरेन बफे शेयर बाजार का जादूगर

आप अगर उन चीजों को खरीदते हैं, जिनकी आपको बिलकुल जरूरत नहीं है, तो शीघ्र ही आपको उन चीजों को बेचना पड़ेगा जिनकी आपको सबसे जादा जरूरत है.

वॉरेन बफे की जीवनी – Warren Buffett Biography In Hindi

वॉरेन बफे का नाम आज दुनिया मैं सबको पता हैं, ये नाम किसी परिचय का मोहताज नहीं, दुनीया इनको वॉरेन बफे के नाम से कम और शेयर बाजार का खिलाडी, वॉल स्ट्रीट का जादूगर और बर्क़शायर हैथवे (Berkshire Hathaway) का बादशहा इस नाम से ज्यादा जानती है, दुनीया मैं ऐसा कोई भी अखबार, टी. वी. चैनेल नहीं होगा जिसमे वॉरेन बफे की चर्चा नहीं होती होंगी.

2008 तक, अनुमानतः 62 अरब U.S डॉलर  की कुल संपत्ति (Net Worth) के कारण फ़ोर्ब्स (Forbes) द्वारा उन्हें दुनिया का सबसे अमीर आदमी (Richest person in the world) आंका गया था।
बल्कि दुनिया मैं वो अरबपति होने के वजह से इतने ज्यादा चर्चा मैं नहीं रहे, जितनेकी, अरबपति होने के बावजूद उनकी जो जीवन शेली हैं उसकी वजह से वो चर्चा मैं रहे, बफे दुनिया के उन सभी अमीरों से हर मायने मैं अलग हैं, कारोबार की पूरी तरह से समाज रखने वाले बफे मैं कई खूबिया हैं जो उनके नाम को एक अलग पहचान देती हैं.

सबसे बड़ी बात ये हैं की बफे ने अपनी कुल संपति का लगभग 85% हिस्सा Bill Gates की Bill & Melinda Gates Foundation को दान मैं देकर इतिहास रच दिया ओर दुनिया का सबसे बड़े दानशुर बन गए….

बफे के पिता शेयर बाजार मैं कारोबारी थे, बफे ने 11 साल की उम्र मैं अपने पिता के साथ शेयर बाजार मैं अपने कारोबारी जीवन की शुरवात की, बफेट नें 13 साल की उम्र मैं अपना पहला आयकर विवरण दायर किया और अपनी साईकिल के ३५ डालर को एक व्यय के रूप में घाटा दिया.

15 साल की उम्र मैं High School अंतिम वर्ष में बफेट और उनके एक साथी नें 25 डालर में एक इस्तेमाल की हुई पिनबाल मशीन खरीदी और उसे एक नाइ की दुकान में रख दिया. मात्र कुछ महीनों में उनके पास तीन मशीनें भिन्न भिन्न जगहों पर हो गई थीं।

20 साल उम्र मैं बफेट नें हार्वर्ड बिजनेस स्कूल में प्रवेश के लिए आवेदन किया था, लेकिन उसे ठुकरा दिया गया था। फिरWarren Buffett  नें कोलंबिया बिजनेस स्कूल (Columbia Business School) में दाखिला लिया क्योंकि उन्हें पता था की बेंजामिन ग्राहम (Benjamin Graham) और डेविड डोड (David Dodd), दो जाने-माने प्रतिभूति विश्लेषक (securities analyst), वहीं पढ़ाते हैं। उन्ही गुरु से बफेट नें शेयर बाजार मैं निवेश करने के गुण सिखे.

आज बफेट के पास जीतनी संपति हैं उनकी जीवन शैली उतनी ही सरल हैं, बफेट आज भी उसी घर मैं रहते हैं जो उन्होंने 5 दशक पहले ख़रीदा था, वे अपनी कार खुद चलते हैं, ना तो उनके पास कोई ड्राईवर हैं, ना कोई सुरक्षा गार्ड, वे कभी निजी विमान से यात्रा नहीं करते, वो अपने सभी CEO को साल मैं केवल एक बार पात्र लिखते हैं..

दोस्तों, वॉरेन बफेट की शक्सीयत को समजना या उनके बारे मैं कोई भी एक राय बना पाना शेयर बाजार की तरह ही पेचीदा हैं.

Who Holds The World Record For Stock Trading Returns? This Guy…

Who is Dan Zanger?

Dan Zanger is the modern day version of the legender trader Nicolas Darvas.

His mother Elaine loved the stock market and Dan would often watch the business channel with her. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen hitting $1. He made his first purchase and sold the stock a few weeks later at over $3. From that sale on, he was hooked on the action of the market tape.

By the time Dan grew up and went to work he was carrying a quote trek with him to stay up on stock prices on his  jobs  in Beverly Hills as an independent contractor building swimming pools. Obviously his love for the markets drove him to study and discover what really worked and made money.

He attended a seminar led by William O’Neil and this was a major turning point in his ability to select winning stocks.  Dan studied chart patterns 25 to 30 hours per week learning to select stocks that would make big moves, before they moved. As technology and internet stocks took center stage in the stock market in 1997, Dan began to see powerful moves underway. He sold his Porsche for approximately 11,000 dollars to have the necessary capital to jump fully into the market. Over the next year, he parlayed the $11,000 into $18 million with the knowledge acquired over two decades of  playing the market and re-reading the works of William J. O’Neil. With this success, Dan was able to become a full time trader and leave contracting behind.

He recommended Darvas’ strategy and told traders that the Darvas System is, “widely used and followed today by the best traders in the world, and still this breakout method is little understood by most…”

Zanger is still a big advocate of Darvas’ teachings and he tells traders that applying the Darvas method will “yield fortunes beyond the reader’s wildest dreams.”

Dan Zanger holds the world record for one-year stock market portfolio appreciation, gaining over 29,000%. In about two years, he turned $11,000 into $42 million.

Zanger was listed by Trader Monthly magazine as one of the top 100 traders in the world with an annual income of $25 million!

Dan Zanger is on twitter @DanZanger

He has a website at  www.ChartPattern.com and publishes the Zanger Letter

This Guy Is Possibly the World’s Best Trader….

“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…”
-Futures Magazine

Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader. Ed Seykota’s record is as good or better than Warren Buffett, George Soros or William J. O’Neil. He is among the trading gods with no doubt. What does he find important in trading success? Mr. Seykota has a keen focus on trader psychology above all other trading dynamics. Seykota’s website Trading Tribe spends more time advising it’s readers on proper trading psychology than anything else. At first I thought this was silly, I am not concerned with my mind I am concerned with entries and exits, with trading systems and making money, not myself. However the longer I trade and the bigger my account gets the more I see the crucial importance of a trader’s mind set in the trader’s success or failure. When a losing streak sets in the trader finds out what his underlying issues are and how he handles losing is the key to his long term success. The traders ego management determines his success as much as his trading system and risk management. An ego can cause you to let losers run and bet far too much on any one trade. An unchecked ego can destroy your account. Ed is the master of homework, trading the price action, managing risk, and letting the market show him where to enter and when to exit.

Here are the best 26 things that Ed Seykota ever said on this video link, if you truly understand these principles it will take you a long way toward trading success.

Top 5 Most Successful Forex Traders Ever

If you want to be the best, you must learn from the best. The same goes for the Forex market. Here are the 5 most successful traders in the foreign exchange market that you should know about.

1: Bill Lipschutz

Born in New York, Bill has always excelled in mathematics and was a bright student overall. He earned a B.A. in Cornell College in Fine Arts and then a Masters degree in Finance back in 1982. Apart from academics, Bill enjoyed reading whatever he could find regarding the stock and Forex market. It is said that during his stay at Cornell, he invested $12000 in stocks, which he turned into $250,000 in only a couple of months, largely thanks to his extensive knowledge of the stock market business. However, he soon lost all his money to stocks due to the erratic nature of the business; after this loss he shifted to a more stable form of trading: the forex.

Today, Bill is a well known forex trader in the financial sector. He is known to have made over $300 million in a single year from trading on the forex market alone.

2: George Soros

A graduate of the LSE (London School of Economics), George has broken records in the financial sector. He made $1 billion dollars in just one day from a single transaction. This gained him a lot of press and he was branded as the man who “broke the Bank of England”, having shifted over $10 billion dollars worth of sterling out of Britain. He has written many books on investing, and is also a philanthropist, having donated over $7 billion in charity of personal savings over the course of his existence.

3: John R. Taylor, Jr.

A graduate of Princeton University, John started in the financial sector as a political analyst for Chemical Bank. Just one year into the job, he became the forex analyst for the bank which proved a wonderful opportunity for him to build a network in the foreign exchange world.

John is the proud owner of FX concepts, a currency managing firm, and operates it successfully to this day. He is also considered a pioneer of computer-aided forex trading systems, developing forex models for effective online trading.

4: Stanley Druckenmiller

Stanley started out as an oil analyst for the Pittsburgh National Bank. Having graduated from Bowdoin College, Stanley changed many jobs. First, he left PNB to create Duquesne Capital Management in the year 1981, and then he started to work for George Soros in 1988. Working with George Soros proved excellent for Stanley, because not only did he garner over 30% return in the Quantum Fund, he also contributed to the deal which earned both him and Soros over $1 billion; this was the deal which “broke the Bank of England”.

He returned to Duquesne in 2000 and now works full-time there; he has also started a non-profit organization dedicated to educating people of all ages.

5: Andrew Krieger

A graduate of the prestigious Wharton Business School at the University of Pennsylvania, Andrew grew to fame when he sold New Zealand currency called Kiwi in between the value of $600 million to about $1 billion which exceeded the money supply in circulation in actuality within New Zealand at that time. Andrew ended up garnering $300 million in revenue from this transaction alone in 1987 while working at the Bankers Trust.

Andrew moved on to work for Soros Management Fund in 1988, later switching to Northbridge Capital Management. He is also involved in philanthropic work, having donated over $350,000 for a relief fund for the 2004 tsunami victims.