Reblog: The Secret Ingredient If You Want To Become A Full Time Trader – What Nobody Talks About


Looking back, I now realize that what allowed me to finally establish consistency into my trading was not a better trading strategy or a different method, but something I never expected when I started out as a trader.

In today’s society where the average attention span has dropped to 8 seconds, where 140 character tweets seem too long (#TLDR) and people skip YouTube videos after just a few seconds, we easily lose the connection to ourselves…

The concept of “self-awareness” has a woo woo ring to it and most traders will not listen to you if you start a trading conversation by referring to self-awareness. However, if you really want to make this work and if you want to finally realize your goal of becoming a pro trader, you have to listen and I am 100% certain that you will be able to relate to my story as well.

What is self-awareness? Forget the spiritual mumbo-jumbo

Unfortunately, most people, and especially traders who are often numbers driven and very rational, associate the term self-awareness with something spiritual and connect the wrong assumptions with it. This is very unfortunate because I have never met a successful trader who is not also very self-aware. You’ll see soon that self-awareness is something very different from what you believe it is.

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Reblog: Bharat Dynamic IPO review


Bharat Dynamics Ltd. (BDL) is one of the leading defense PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. It is the sole manufacturer in India for SAMs, torpedoes, ATGMs and also the sole supplier of SAMs and ATGMs to the Indian armed forces. Additionally, it is also engaged in the business of refurbishment and life extension of missiles manufactured. BDL is also the co-development partner with the DRDO for the next generation of ATGMs and SAMs. It currently has three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam. BDL enjoys Mini Ratna (Category – 1) status.

Off late Foreign Direct Investment (FDI) rates have increased in sectors like defense, insurance and other sectors. Under the ambit of the ‘Make in India’ initiative, investment procedure, license applications, declarations and other processes has been streamlined to boost investor confidence. Applications for permits have been digitized and a new uniform tax regime (Goods & Services Tax) has been implemented to reduce complexity in taxation. The nation also has a vibrant micro, medium and small enterprise (MSME) sector to support manufacturing units set up in India. The MSME sector is expected to perform a vital support function to the manufacturing sector and will be crucial to India’s agenda to raise the share of manufacturing in India’s GDP from 16% to 25% by the end of 2025. The central government, as well as state governments, are also trying to incentivize domestic and foreign players to ramp up defense manufacturing in India through a combination of tax benefits, infrastructure incentives, and other methods. The Indian defense market is in a state of transition, as a result of new policies promulgated by the government. BDL is in the process of setting up to new plants – one at Hyderabad, AP and another at Amaravati – Maharashtra.

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Closing Bell Friday: Sensex falls 287 pts, Nifty ends below 10,500; PSU Bank Index dips 2.5%


The benchmark indices ended off day’s low but remained under pressure during the day.

The 30-share BSE Sensex was down 286.71 points at 34,010.76 and the 50-share NSE Nifty was down 94.30 points at 10,451.20.

The PSU Bank index fell more than 2.5% as all stocks caught in a bear trap after PNB detected transaction fraud worth USD 1.8 billion (Rs 11,300 crore). PNB and Bank of Baroda were biggest losers, falling nearly 5 percent each. Bank of India, IDBI Bank, Union Bank, Syndicate Bank, SBI, Indian Bank, Canara Bank, Andhra Bank, OBC and Allahabad Bank were down 1-3 percent.

Fortis Healthcare slipped 20% to Rs 115 in noon deal trade, falling 24% from its intra-day high on BSE on back of heavy volumes after the Supreme Court (SC) allowed financial institutions to sell pledged shares of the company.

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Reblog: What is Gap Trading?


Forex Gap Trading

When trading, one cannot overstate the importance of gaps.

Gaps refer to areas on a chart where the price of a currency or stock moves sharply up or down with little or no trading in between. As this area represents an abnormality in the normal price pattern of the stock / instrument, it gets referred to as a gap.

So of what use can a gap be to an investor? Because the tiny area represents a fluctuation in the pricing, a trader can potentially exploit the gap and make a profit.

Gaps occur as a result of underlying fundamental / technical factors that vary for each stock or instrument and require monitoring and knowledge by the investor.

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Reblog: Trading Terminology By Warrior Trading


Bar Chart Definition: Day Trading Terminology

A bar chart is a graph characterized by a vertical bar and it’s used by technical analysts to learn more about trends. In trading, a single bar is used to represent a single day of trading. As one of the most popular chart type aside from candlesticks, it represents price activity within a given period of time.

As a result, traders and investors use this chart type to spot trends and patterns. What you need to know is that a bar chart is similar to the candlestick. The only difference is that the body of a bar chart is not filled like that of a candlestick.

As the western version of the Japanese candlestick, they help investors and traders to observe the contraction and expansion of different price ranges.

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Trading Holidays 2018 for BSE & NSE


NSE has announced the list of trading holidays for the calendar year 2018. We are pleased to share the list of trading holidays for NSE & BSE below.

Holiday Date Day
Republic Day January 26, 2018 Friday
Mahashivratri February 13, 2018 Tuesday
Holi March 02, 2018 Friday
Mahavir Jayanti March 29, 2018 Thursday
Good Friday March 30, 2018 Friday
Maharashtra Day May 01, 2018 Tuesday
Independence Day August 15, 2018 Wednesday
Bakri ID August 22, 2018 Wednesday
Ganesh Chaturthi September 13, 2018 Thursday
Moharram September 20, 2018 Thursday
Mahatama Gandhi Jayanti October 02, 2018 Tuesday
Dasera October 18, 2018 Thursday
Diwali-Laxmi Pujan* November 07, 2018 Wednesday
Diwali-Balipratipada November 08, 2018 Thursday
Gurunanak Jayanti November 23, 2018 Friday
Christmas December 25, 2018 Tuesday

*Muhurat Trading will be conducted on Wednesday, November 07, 2018. Timings of Muhurat Trading shall be notified subsequently.

Holidays On Saturday / Sunday

Holiday Date Day
Ram Navami March 25, 2018 Sunday
Dr.Baba Saheb Ambedkar Jayanti April 14, 2018 Saturday
Id-Ul-Fitr (Ramzan ID)* June 16, 2018 Saturday

Holidays For Clearing & Settlement

Holiday Date Day
Chhatrapati Shivaji Maharaj Jayanti February 19, 2018 Monday
Gudi Padwa March 18, 2018 Sunday
Annual Bank Closing April 01, 2018 Sunday
Parsi New Year August 17, 2018 Friday
Id-e-Milad November 21, 2018 Wednesday

The official list is available here.

Team StockArchitect


Thank you for placing us in the Top 75 Trading Blogs And Websites For Traders


Thank you which is a polite expression used when acknowledging a gift, service, or a compliment.

Team StockArchitect would like to thank each one of their users, readers and followers. Thanks solely to your support, we have been ranked as #42 in the Top 75 Trading Blogs And Websites For Traders by feedspot.com.

We are truly humbled by this recognition and it is thanks to each one of YOU – Our users, followers and readers.

We promise to work harder and bring to you more tools, more posts and relevant content.

Committed to your service,

Team StockArchitect


Reblog: 20 Reasons Why 90% of New Traders Don’t Make It


  1. They risk too much to try to make so little.
  2. They trade with the probabilities against them.
  3. They think trading is easy money.
  4. Instead of focusing on learning how to trade they focus on getting rich.
  5. They blow up due to improper position sizing.
  6. With no understanding of the mathematical risk of ruin they are doomed after the first long string of losing trades.
  7. Blindly following a guru that leads them down the road of destruction.
  8. They don’t do their homework.
  9. They trade opinions not robust systems.
  10. They go looking for ‘trades’ instead of a methodology.
  11. They have no trading plan.
  12. They attempt to piggy back on the trades another trader but don’t understand the risks.
  13. Most new traders quit when they realized how much work is involved in trading successfully.
  14. Most traders quit when they learn how many losing trades they will have to have to get to the winners.
  15. New traders quit if they do not have a passion for trading itself.
  16. Many new traders will give up the moment they realize that trading does not have guaranteed income, you are an entrepreneur.
  17. They are not willing to pay the tuition to learn to trade in time, study, and losing trades.
  18. They are crushed by the learning curve that they do not work hard enough to get through.
  19. We lose a lot of new traders when they realize that trading is actually harder than their job.
  20. The traders that don’t make it quit when they were tired, frustrated, and stressed out, the winning traders quit after they had figured trading out.

The original article appears on newtraderu.com and is penned by Steve Burns. It can be accessed here.


Reblog: Godrej Agrovet IPO review


Godrej Agrovet Ltd. (GAL) is a well diversified, research and development focused agri-business company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods. GAL is the leading compound animal feed company in India, on the basis of installed capacity for the financial year 2016. In Bangladesh, its joint venture, ACI Godrej was the fourth largest feed producer, in terms of sales volume, during the financial year 2016. It is also the largest crude palm oil producer in India, in terms of market share, as of March 31, 2017.

In animal feed business, GAL’s portfolio of products comprises cattle feed, poultry feed (broiler and layer), aqua feed (fish and shrimp) and specialty feed. Animal feed products are manufactured at 35 facilities, of which 10 facilities are owned and seven are operated by it, located near major consumption centers across India, with an aggregate production capacity of 2.36 million MT per annum, as of June 30, 2017. Company’s pan-India distribution network for animal feed products includes approximately 4,000 distributors, as of June 30, 2017.

In crop protection business, GAL manufactures a wide range of products that cater to the entire crop lifecycle including plant growth regulators, organic manures, generic agrochemicals and specialized herbicides. In October 2015 it acquired a majority equity interest in Astec LifeSciences (ALS) and currently own 56.82% of the outstanding equity shares. ALS manufactures agrochemical active ingredients (technical), bulk and formulations as well as intermediate products and sells its products in India as well as exports them to approximately 24 countries, including the United States and countries across Europe, West Asia, South East Asia and Latin America. ALS also undertakes contract development and manufacturing services for other agrochemical companies. ALS sells all its products to institutional customers, while GAL sells its products primarily to retail consumers. The distribution network of Company’s crop protection business in India includes approximately 6,000 distributors, as of June 30, 2017.

In oil palm business, GAL produces a range of products including crude palm oil, crude palm kernel oil and palm kernel cake. The company purchases fresh fruit bunches (“FFBs”) from palm oil farmers and work closely with them by providing planting material, agricultural inputs and technical guidance. It has entered into memoranda of understanding with nine state governments, which provides the company with access to approximately 61,700 hectares under oil palm plantation, which is equivalent to approximately one-fifth of India’s area suitable for oil palm cultivation, as of March 31, 2017. This public-private partnership model, which, has been promoted by the Government of India, allows GAL to maintain an asset-light business model. The company works closely with farmers in it’s designated area to plant oil palm on their farmland and provide technical guidance and assistance. The company has set up five palm oil mills in India with an aggregate FFB processing capacity of 125 MT per hour and a palm kernel processing capacity of seven MT per hour, as of June 30, 2017. GAL is recognized as the ‘Highest Crude Palm Oil Producer in the Country’.

In dairy business, which it operates through Subsidiary, Creamline Dairy, it sells a majority of milk and milk-based products under the ‘Jersey’ brand across the states of Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and Maharashtra. As of June 30, 2017, it owned and operated nine milk processing units. For dairy business, supply chain network includes procurement from six states through a network of 120 chilling centers, as of June 30, 2017. As on the same date, it’s dairy distribution network included approximately 4,000 milk distributors, approximately 3,000 milk product distributors and 50 retail parlours, as well as direct sales to institutional customers.

GAL also manufactures and market processed poultry and vegetarian products through its brands ‘Real Good Chicken’ and ‘Yummiez’. To grow its poultry and processed foods business, company has entered into a joint venture with Tyson India Holding Limited, a subsidiary of Tyson Foods Inc., U.S.A. This helps GAL with the technical and operational expertise to compete successfully in India. The company has set up two processing plants with integrated breeding and hatchery operations and has a diverse customer base comprising of retail customers as well as institutional clients such as quick service restaurants, fine dining restaurants, food service companies and hotels.

To part finance its repayment/pre-payment of working capital facilities, repayment of commercial paper and general corpus fund needs, GAL is coming out with a maiden IPO for fresh equity issue worth Rs. 300 crore and offer for sale of Rs. 300 crore by Godrej Industries and 12300000 equity shares under OFS by V-Science Investment Pte. Issue is being made via book building route with a price band of Rs. 450 to Rs. 460 for a share having face value of Rs. 10 each. Company has reserved shares worth Rs. 20 crore for eligible employees. Issue opens for subscription on 04.10.17 and will close on 06.10.17. Total issue size is Rs. 1157 crore including pre-IPO placements. Minimum application is to be made for 32 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on BSE and NSE. BRLMs to this offer are Kotak Mahindra Capital Co. Ltd., Axis Capital Ltd. and Credit Suisse Securities (India) Pvt. Ltd. Kavry Computershare Pvt. Ltd. is the registrar to the issue. Having issued initial equity at par in 1991-92, company raised further equity in the price range of Rs. 82 to Rs. 2164.41 per share. It has also issued bonus shares in the ratio of 3 for 1 in March 1994, 6 for 1 in March 2015 and 1 for 1 in March 2017. In September 2017 it issued 192901 shares at a price of Rs. 440 per share under pre-IPO placement, thus the fresh issue size stands reduced to Rs. 291.51 crore (approx 6337390 shares) that includes reserve quota for employees. Post issue, GAL’s current paid up equity capital of Rs. 185.32 crore will stand enhanced to around Rs. 191.66 crore.

On performance front, GAL has (on a consolidated basis) posted turnover/net profits of Rs.3117.42 cr. / Rs. 156.56 cr. (FY14), Rs. 3325.50 cr. / Rs. 210.13 cr. (FY15), Rs. 3817.67 cr. / Rs. 261.09 cr. (FY16) and Rs. 4983.45 cr. / Rs. 274.39 cr. (FY17). For Q1 of the current fiscal, it has reported net profit of Rs. 74.29 crore on a turnover of Rs. 1369.42 cr. It has posted an average EPS of Rs. 10.02 and average RoNW of 23.86% for last three fiscals on a paid up equity capital of Rs.185.13 cr. Issue is priced at a P/BV of 7.88. If we annualize latest earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 30. It has no listed peers to compare with. Issue is priced justifiably considering the diverse activities.

On BRLM’s front, three merchant bankers associated with this issue have handled 42 public issues in past three fiscal years out of which 11 issues closed below the issue price on listing date.

Conclusion: After long, a well diversified company from the house of Godrej is coming with a maiden offer. Company is playing major role in all its verticals and is poised for better prospects. Investment may be considered for short to long term.

The original review is authored by Dilip Davda, appears on Chittorgarh.com and is available here.