A Strong Trading Mind

[Blackhole]

Dr Murlidhar Devidas Amte popularly known as Baba Amte, was an Indian social worker and social activist known particularly for his work for the rehabilitation and empowerment of poor people suffering from leprosy. And this was at the time when leprosy was associated with social stigma and the society disowned people suffering from leprosy.

Trained in law, he developed a successful legal practice at Wardha. He soon got involved in the Indian struggle for freedom from the British Raj, and started acting as a defense lawyer for leaders of the Indian freedom movement whom the British authorities had imprisoned in the 1942 Quit India movement. He spent some time at Sevagram ashram of Mahatma Gandhi, and became a follower of Gandhism for the rest of his life.

After marriage, Baba Amte started working for those struck by leprosy outside Warora. He set up 11 weekly clinics around Warora and later started Anandwan, where they dug the lower depths of the earth in temperatures as high as 47 degrees before they found water. He took a formal course for leprosy treatment and even allowed his body to be used for an experiment to grow leprae germs. As it was ineffective, the experiment was abandoned later.

In those days, leprosy was associated with social stigma and the society disowned people suffering from leprosy. There was also a widespread misbelief that leprosy was contagious. Amte strove to dispel the misbelief and once allowed bacilli from a leprosy patient to be injected into him while participating in an experimental test aimed at proving that leprosy was not contagious.

Amte found three ashrams for treatment and rehabilitation of leprosy patients, disabled people, and people from marginalized sections of the society in Maharashtra, India. On 15 August 1949, he started a hospital in Anandwan under a tree. In 1973, Amte founded the Lok Biradari Prakalp to work for the Madia Gond tribal people of Gadchiroli District.

Anandwan was registered in 1951 and more land was given by the government. Two hospitals, a university, an orphanage, a school for the blind and technical wings were added subsequently. The ashram is now a self sufficient unit and more than 5,000 people are dependent on it for their livelihood.

Baba Amte also launched two Bharat Jodo, Knit India movements from Kashmir to Kanyakumari in 1985 and Assam and Gujarat in 1988. His aim was to establish peace and generate environmental awareness.


HELPING a person who is suffering from "LEPROSY".
The great man in the image below is BABA AMTE who spent his whole life helping such people without any expectations.

 

[insursi]

Trade with only one Setup.

http://www.learntotradethemarket.co...ies/master-one-price-action-trade-setup-first

Are you trying to trade with a combination of different methods, indicators or systems? Do you feel a bit overwhelmed by all of it? The first thing you are going to need to do is change how you think about trading strategies.

Trading is not about learning as many methods or systems as possible and then combining them into some sort of ‘hybrid Holy Grail’ trading strategy. Sadly, this is not going to help you, it will only hurt you. Trading is simply about learning an effective trading strategy or ‘edge’ and becoming a master of it, or a specialist, if you will. You then simply look for your trading edge in the market, and since you’ve mastered it, you will know when it is present and you will act without hesitation.

Trading is about jumping in the market when you have decided the odds are in your favour. Your trading edge is what gives you better odds at making money in the market.

Now, in regards to becoming a trading specialist. It’s pretty simple really, until you have really mastered the trading edge you are using, you won’t be hitting your full potential as a trader. Thus, it is my strong recommendation that traders focus on only one price action trade setup at a time, until they are truly confident they have mastered it. That might mean you only trade that one setup for 6 months, it’s the only one you study and look for in the market. Once you have mastered how to trade it in all market conditions, and you have no doubt of how and when to trade it, then, and only then, may you move on to another setup.

I find that many people don’t want to put in the time to learn and master their trading method. Then, when they lose money, they act confused and shocked. The problem with trading for most people is that there are no rules, there’s no boss, there’s no one telling you in your face that you must do THIS if you want to achieve THAT. So, human nature and habit take over and people end up doing as little work as possible.

This is why I get emails from people asking me about their trading strategy, asking if XYZ ‘is a setup or not’…because they didn’t take the time to master their trading method. When you become a master of your trading strategy, you don’t need to ask anyone else if your edge is present in the market, because you already know if it is or not.

Indecision and hesitation while trading a live trading account, is one of the fastest ways to lose money, simply because you were unprepared. When it comes to your hard-earned money being on the line, don’t you want to be as prepared as possible?? I sure do. So, if you lose money in the market because you didn’t put in the time to really master your trading method by mastering one setup at a time, you have no one to blame but yourself.

Once you’ve become a specialist in your method, when your trading edge is present, you will not hesitate. This is critical because in order to realize the full power of your trading strategy, you need to take every occurrence of your trading edge (setup) that you see, because it needs to play out over a series of trades to be realized. So you need to remove hesitation and indecision from your mind, and the way you do that is by mastering one trade setup at a time, and in the case of my methods, that means one price action setup at a time.

Finally, traders become too inundated with data, economic news and trading methods, they believe that ‘more is better’ and they just need to know more or learn one more trading method to start profiting consistently. Eventually, when they realize this doesn’t work, they give up in exhaustion and frustration.

Simplification of your trading is another huge reason you need to master one price action setup at a time. I would even go so far as to say that you only need to master one price action setup if you want. Imagine sitting down at your charts and knowing that you’re only looking for one trade setup, and if it’s not there then you walk away. Trading doesn’t have to be complicated or confusing, nor should it be. The way that you remove the confusion and complication from your trading is by taking the time to master one price action setup at a time

Dear Amitrandive

First up all my sincere thanks and congrats for running such a wonderful thread over here. I did not know how come I missed it sofar though nothing is late than never. Enjoying reading the thread from beginning. Keep up your good work!!!:clapping::clapping::clapping:

 

[amitrandive]

Dear Amitrandive

First up all my sincere thanks and congrats for running such a wonderful thread over here. I did not know how come I missed it sofar though nothing is late than never. Enjoying reading the thread from beginning. Keep up your good work!!!:clapping::clapping::clapping:

Thanks for your kind words and appreciation !!!

 

[amitrandive]

 

[jagjeet1]

Awesome msg - keep it up

 

[Blackhole]

B L I nd lOvE

There was a blind girl who hated herself just because she’s blind. She hated everyone, except her loving boyfriend. He’s always there for her.

She said that if she could only see the world, she would marry her boyfriend. One day, someone donated a pair of eyes to her and then she can see everything, including her boyfriend.

Her boyfriend asked her, “now that you can see the world, will you marry me?” The girl was shocked when she saw that her boyfriend is blind too, and refused to marry him.

Her boyfriend walked away in tears, and later wrote a letter to her saying –

“Just take care of my eyes dear”.

 

[Blackhole]

 

[Catch22]

How Many Symbols to Trade at Once
By Austin Passamonte
One of the most common email questions I get inquires if our method of trading will / will not work with fill-in-blank symbol or market. There is only one possible answer to that and it would be yes...our price-action based trading approach works in any moving market.
Big picture: markets are markets. There is no difference between any of them when they are moving up, down or both. The same principles of price action and behavior apply to all. Only differences are open interest aka true “liquidity” available for consistent trades size. Some markets are simply far more liquid than others. But all markets adhere to the same universal laws of contractions and expansions alike.
More than One(ce)
Thru the bulk of my career in trading, I’ve been a proponent of working with multiple symbols at once. From options to forex to futures and around, I have most always tried to juggle two or more trading instruments at any given time. I think that seemed most logical, and also appealed to my own personal traits of attention deficit as well. But is it in fact true that trading multiple symbols and/or markets offers the greatest potential profit?
When I began trading a decade ago, it was with equity and index option contracts. I was not a designed day trader… seldom did I open and close a position intraday. I had no intention of turning trades quickly by design, although at times when extremely favorable price movement happened I was grateful to take advantage of that. For the most part my trading activity stretched across days if not weeks of actual hold times for trades.
As I transitioned to futures and forex markets next, my average hold times for trades lasted for several hours if not overnight into the next session or two. I was still in swing-trades mode, seeking +20 index points (not ticks, whole points) in the ES and/or +100 to 200+ pips in FX symbols… per contract. Back then, all markets had much greater average price ranges and smoother oscillations up & down thru the process.
Faster Pace
As time went on, all financial markets changed. The past era of big, deliberate price swings evolved into the present time of contracted markets, extended sideways volatility with brief spates of abrupt directional spikes and slams. Now it is rare to hold any short-term position for hours or days in duration. Sideways and counter-trend price moves are such that deliberate price swings from high to low or low to high points in the past are now extreme noise gyrations in between.
All financial markets are much thinner now than in times past when it comes to real, true liquidity. Volume and open interest across all markets used to be dispersed across a far greater number of participants before than are currently active today. So deliberate has been replaced with abrupt because of that evolution.
Personal Traits
“Know thyself” is as important a task in trading as any other individual performance pursuit. In my case, I have a rather short attention span unless the subject absolutely fascinates me. Which is why staring at modern-day ES futures chopping thru a six-point range for hours at a time is a form of mental torture for me. Many traders find that type of (in)action preferable. To each our own.
Slow, go-nowhere, chop and churn markets are not my cup of tea. I highly doubt they appeal to most individual traders, either. Volatility, price range and liquidity are the cornerstones of profit potential. The greater distances price will move = more favorable risk to reward ratios are.
Increased Attention
What I have found thru the years in myself and also with other traders is the natural trait to pay more attention towards choppy symbols and less attention to deliberate ones when working more than one market at a time. Basic human nature… we try to “fix” what is not working right and assume what is working well will do so on its own. So in other words, we tend to focus more on trying to make gains out of the worst performing symbols at any given time because that’s where the struggle to profit from or “win” is found.
You know what else I have found? Opting to focus on a single market or symbol makes me more efficient with that symbol overall. More importantly, it tends to make me more successful overall. No longer am I languishing and anguishing over whichever tape is acting poorly at the time. Now I am focused with laser sharpness on what is working well when price action there is working best.
I don’t know if it’s ideal for everyone else, but I’m pretty sure it is best for many others to pick one market/symbol and focus with precision on that. If you find yourself struggling to manage more than one symbol, stop trying to do so. If you catch yourself thinking / saying things like, “I missed that move here while distracted over there” then you just caught yourself missing out on easier money. Didn’t you?
There’s an old saying that predates anyone reading these words that goes, “If you chase two rabbits, you’ll catch neither.”

 

[Blackhole]

Japan Fast, Indian Very Very Fast

There was a Japanese who went to India for sightseeing.

On the last day, he hired a cab and told the driver to drive to the Airport.During the journey, a Honda drove past the taxi.

Thereupon, the man leaned out of the window excitedly and yelled, "Honda, very fast! Made in Japan !!!.

After a while, a Toyota sped past the taxi and again the Japanese man leaned out of the window and yelled, "Toyota, very fast! Made in Japan!"

And then a Mitsubishi sped past the taxi. For the third time, the Japanese leaned out of the window and yelled, "Mitsubishi, very fast! Made in Japan!"

The driver was a little angry, but he kept quiet. And this went on for quite a number of cars.

Finally, the taxi came to the airport. The fare was 800 rupees. !!!!

The Japanese exclaimed, "What??… so expensive!"

There upon, the driver yelled back, "Meter, Made in India VERY VERY FAST !!!!!

 

[amitrandive]

My stage of TA journey started @ 1 and ended @ 8 ...now what i use is just 8 and 2...(Price action with few tools)..this is the stage i stopped my education in TA ..Sad part is some days i go without proper management/hurry entries and these are the areas i should improve

(Image Source: Internet)

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