Hello Traders,
The list of trading holidays for the calendar year 2019 has been announced by BSE. Here’s a one-page list of all trading holidays for NSE & BSE
| Holidays |
Date |
Day |
| Mahashivratri |
March 04, 2019 |
Monday |
| Holi |
March 21, 2019 |
Thursday |
| Mahavir Jayanti |
April 17, 2019 |
Wednesday |
| Good Friday |
April 19, 2019 |
Friday |
| Maharashtra Day |
May 01, 2019 |
Wednesday |
| Id-Ul-Fitr (Ramzan Id) |
June 05, 2019 |
Wednesday |
| Bakri Id |
August 12, 2019 |
Monday |
| Independence Day |
August 15, 2019 |
Thursday |
| Ganesh Chaturthi |
September 02, 2019 |
Monday |
| Muharram |
September 10, 2019 |
Tuesday |
| Mahatma Gandhi Jayanti |
October 02, 2019 |
Wednesday |
| Dussehra |
October 08,2019 |
Tuesday |
| Diwali Balipratipada |
October 28,2019 |
Monday |
| Gurunanak Jayanti |
November 12,2019 |
Tuesday |
| Christmas |
December 25,2019 |
Wednesday |
Following Holidays are Falling on Saturday / Sunday
| Holidays |
Date |
Day |
| Republic Day |
January 26,2019 |
Saturday |
| Ram Navami |
April 13,2019 |
Saturday |
| Dr.Baba Saheb Ambedkar Jayanti |
April 14,2019 |
Sunday |
| Diwali * Laxmi Pujan |
October 27,2019 |
Sunday |
Muhurat Trading shall be held on Sunday, October 27,2019 (Diwali – Laxmi Pujan). Timings of Muhurat Trading shall be notified subsequently.
Source: Zerodha.com Link
Before I really knew anything about human behaviour, incentives, and how the markets really work, I was always blown away by the sheer amount of intelligence I would come across in the investment world.
Most of the people I’ve interacted with throughout my career are highly educated at some of the best colleges and universities in the world. Many continued their education by getting advanced degrees or prestigious industry designations. They can speak eloquently, hit you with reams of data, can sell a ketchup popsicle to a person wearing white gloves, and have the utmost confidence in their own abilities.
After a few years of being impressed by the sophistication and above average IQ of the various portfolio managers, strategists, analysts, and marketing people I came into contact with, I finally had a realization – intelligence can only take you so far in this world. I didn’t exactly have an epiphany on the topic, but over time the shine began to wear off.
It became apparent that the smartest person in the room isn’t always right. In fact, most of the time their intelligence works against them because they’ve become so sure of themselves and their investing abilities that they’re unable to change their mind or accept the fact that the markets don’t care what your IQ is.
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Health, love and happiness we wish to you,
Merry Christmas and good tidings too.
Happy New Year! – Team StockArchitect
Today’s lesson is a virtual treasure trove of wisdom and insight from some of the best trading minds of all time. We are going to go on a journey of discovery and learn a little about some of the best traders ever and dissect some of their famous quotes to see what we can learn and how it applies to our own trading.
The way to learn anything is to learn from the greats, have mentors, teachers, study and read; you must make a concerted effort to absorb as much knowledge from the best in your field as possible, for that is truly the fastest way to success, be it in trading or any other field.
Below, you will find a brief introduction to 10 of the best traders of all time, followed by an inspiring quote from them and how I view that quote and apply it to my own trading principles. Hopefully, after reading today’s lesson you will be able to apply this wisdom to your own trading and start improving your market performance as a result…
George Soros
George Soros gained international notoriety when, in September of 1992, he invested $10 billion on a single currency trade when he shorted the British pound. He turned out to be right, and in a single day the trade generated a profit of $1 billion – ultimately, it was reported that his profit on the transaction almost reached $2 billion. As a result, he is famously known as the “the man who broke the Bank of England.”
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After opening marginally lower, the domestic equity market saw a sharp decline in the trade on Friday as investors booked profit across-the-board. The S&P BSE Sensex was trading nearly 600 points lower, slipping below the 36,000 mark in late noon deals, while NSE’s Nifty50 slipped below the crucial 10,800 level, down over 150 points.
IOC, UPL, Adani Ports, Maruti Suzuki and Indiabulls Housing were top losers among Nifty50 stocks, which fell 3.5-4.5 percent.
HPCL, BPCL, Coal India and NTPC were only gainers, up 1-2 percent.
About two shares declined for every share rising on the BSE.
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One of our readers shared the transcript of a roundtable talk among Seth Klarman, David Abrams, and Howard Marks almost 10 years ago. It is a very long read (22 pages) but if you’d like to learn about these great value investors and their investment approaches, it is a great read. I will share some excerpts from each of these investors and share the link at the bottom of this article. Here is how Seth Klarman summarized what Baupost does:
“In terms of investing I would say that there is no exact formula for what we do. We try to use all the value investing principles we know. The world is imperfect. The world doesn’t just dish up net, nets all the time. The world doesn’t dish up stocks trading below cash all the time, doesn’t deliver fine businesses at eight times earnings all the time. So we look very hard for mis-pricings, for information asymmetries. for supply/demand imbalances, and we find ourselves at various times heavily in distress debt or no position in distress debt, significantly involved in equities and uninvolved in equities, very focused on private markets or uninvolved because you can create the same assets cheaper in the public market. So in a nutshell that’s our approach. Very opportunistic. We try to be not siloed the way many people are. We don’t have industry analysts we have generalists who can move quickly from working one day on a drug stock to another day on the distress debt of a bank, and another day even potentially on a mortgage security or real estate investment. That’s not easy but it does provide constant stimulation, a lot of cross-training, which people enjoy, and it also means that our resources will always be deployed in the most interesting areas all the time. So that’s Baupost in a nutshell.”
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Over the course of 15 years working as a performance coach with traders and investors, from day trading shops to hedge funds and investment banks, I’ve enjoyed an unusual front row on the factors that contribute to success and failure in financial markets. During that time, I’ve conducted numerous interviews, directly observed hundreds of traders and administered countless personality tests. That experience has convinced me that much of what we think we know about trading success is just plain wrong. In this article, I tackle three myths of trading success and offer alternate perspectives.
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After witnessing a rangebound session throughout the day, the domestic equity market ended with marginal gains on Friday, led by buying in telecom, IT and energy stocks. The S&P BSE Sensex added 33 points or 0.1 per cent to settle at 35,963, with Bharti Airtel (up 5 per cent) being the top gainer and HDFC (down nearly 2 per cent) the worst laggard. The broader Nifty50 index of National Stock Exchange (NSE) closed the day at 10,805, up 14 points or 0.13 per cent. Out of 50 constituents, 29 ended in the green while 21 in the red.
A total of 2,704 companies traded on BSE, out of which 1,260 advanced and 1,300 declined while 144 stocks remained unchanged.
Among the sectoral indices, the Nifty Pharma index is trading around 0.5 per cent lower weighed by Aurobindo Pharma and Divi’s Laboratories.
The broader market indices are moving in line with benchmarks. S&P BSE Midcap index is trading 0.16 per cent lower at 15,139 levels, while S&P BSE SmallCap is ruling 0.1 per cent lower at 14,483 levels.
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An oft quoted line from celebrated fund manager Sir John Templeton stated, “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” Market watchers pondered the veracity of this maxim as markets soared throughout 2017. Now, rattled by some volatility, the question on many investors’ minds has been: Are we end-of-cycle euphoric?
The current bull market for U.S. equities is approaching its ninth year and if sustained until August, will be the longest running bull market in the history of the S&P 500. However, since the beginning of 2018, it appears each week has offered new potential for corrections, or even a wholesale transition to a bear market. Most recently, concerns about the effect of the U.S. Administration’s trade tariffs—and China’s response—sent markets tumbling.
So how can investors tell the difference between a bull correction and the arrival of the bear? In a recent report, Morgan Stanley Research analyzed S&P 500 trends since 1950 to identify recurring patterns in corrections and market shifts and provide investors with some historical signs that change is afoot.
Bull Correction vs. Baby Bear
Market drawdowns happen more often than most investors realize. The report notes that since 1950 there have been more than 100 instances of 5% or more S&P sell-offs, and 32 times in which the drawdown was more than 10%. Over the past century, the likelihood that the S&P is down 5% or 10% at any given point in a year has been 46% and 29%, respectively.
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Fibonacci Trendline Strategy: 5 Steps To Trade
I am going to share with you a simple Fibonacci Retracement Trading Strategy that uses this trading tool along with trend lines to find accurate trading entries for great profits.
There are multiple ways to trade using the Fibonacci Retracement Tool, but I have found that one of the best ways to trade the Fibonacci is by using it with trend lines.
The Fibonacci Retracement tool was developed by Leonardo Pisano who was born around 1175 AD in Italy was known to be “one of the greatest European mathematicians of the middle ages.”
He developed a simple series of numbers that created ratios describing the natural proportions of things in the universe.
And these numbers have been used by traders now for many years!
With this strategy, you will learn everything you need to know to start trading with the Fibonacci Retracement tool. You’re going to find out the Fibonacci meaning, Fibonacci algorithm, Fibonacci biography, the Fibonacci formula for market trading, Fibonacci series algorithm, the Fibonacci sequence in nature, along with many other useful facts about this great tool!
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