Index Futures and Factors for today's trading

DJIA INDEX		13,062.00	+7.00
S&P 500		1,391.30	+2.30
NASDAQ 100		2,682.75	+11.75

 At approximately 5:30 AM

• Mario Monty warns about Euro breakup
• Mixed opening expected for markets today
• European stocks gain on Greek debt news

Rupee Symbol in Color

M Jagadish
The Rupee Symbol, which will officially stand for the Indian Currency Symbol  has been launched. Here it is in colour. Spread the word, spread the cheer! Tell your friends and relatives.

Editor, BestOptimizer (mjagadishster@gmail.com)
+919822091862
Contact for Investment/Trading Advice

Are you in a Trading Slump?

You are now an experienced trader and your results are not that volatile, you are disciplined but you still don't understand why you are experiencing a slow and irritating draw down.

Relax, Trading is clearly a state of mind apart from all the other things that it already is!
I have some interesting observations about this. I play Chess on a leading Chess server that has a range of players that I can play against. I usually choose players at my own strength or slightly above (for that extra challenge). I am always surprised at how the charts of my performance behave as if they are price charts. Forget the patterns (its even more bewildering,) even just the price movement mirrors the state of mind. Many rising waves last a good amount of time, and similarly slumps last an extended period sometimes.

What this explains to me is that the human mind moves in patterns and trends and it takes a while for one to end and the other to start. So make sure you preserve capital while you are in a slump, try different things and you will be on track again after a while and then the whole profitable should hopefully last for good time.

Spiritual Angle to Trading

Does a person’s spiritual approach affect performance in the stock markets ? Is it linked to professional trading in any way? It is a debatable point. We all know about Warren Buffet’s generous philanthropic gesture in donating most of his hard-earned fortune to the Bill and Melinda Gates foundation. Money is important but probably not as much as many make it appear. Successful traders routinely give away a good percentage of their trading profits. Other things to be noted is that Greed is punished remorselessly. It is alright to expect to earn huge sums of money. But overdoing it may attract punishment.Unfortunately, there is no proof or measurement that so much greed attracts so much punishment, but such issues are interesting and need to be contemplated nevertheless ! Many profitable traders routinely give out a part of their earnings in charity. But for those who are just starting out, you do not have to face this issue yet ! Patience is a strong virtue in the securities markets. Nothing valuable can be earned in a tearing hurry. Everything has to be methodically earned. Even if you manage to earn a huge sum in a short while, it will be lost in no time since the ego makes sure you squander. Easy come, easy go, they say ! At the end of the day, one has to remember that desperation only leads to chaos. The moral of the story is that one must treat the securities markets as a serious game and money can be earned with the right knowledge, right approach and at the right timing.