Trading Philosophy

Don't risk > 10% of your trading capital in a single trade. 
use stop loss orders every time.( you should know your loss where the trade starts is not in favour of you.) 
Don't overtrade. 
Avoid losses while in profits. 
avoid entering in a trade if you are unsure about technical parameters. 
If you have doubt a stock or a company, don't trade, when you are unsure don't get into the stock. Trade in active markets alone. 
your risks should be equally distributed among different markets. 
Don't limit your orders. Trade at the markets. 
Additional revenues from positive trades take into separate account. 
Never trade to scalp a profit. 
Never average a loss. 
Don't get out due to losing your patient & don't get into it due to waiting eagerly.
Avoid taking small profits and large losses. 
Never cancel a stop loss after you have placed it. 
Avoid getting in and out of the market too soon. 
Eagerly wait to get the money from different sides of the market. 
Don't buy just its low & don't sell just its high, look at the past performance & trends. 
Never hedge a losing position. 
Never change your position without valid reason. 
Avoid trading after long periods of success or failure. 
Don't guess tops or bottoms. 
Don't follow the rumours of others. 
Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake. 
When you lose don't blame it on luck.

JAIRAM RAMESH TO ATTEND INDIA ETHIOPIA JOINT TRADE COMMISSION INDIA ETHIOPIA TO INTENSIFY TRADE AND NVESTMENT LINKS

The fifth meeting of the India-Ethiopia Joint Trade Commission will be held in Addis Ababa (Ethiopia) on 6th & 7th October, 2008. Shri Jairam Ramesh, Minister of State for Commerce & Power, will be leading the Indian delegation comprising of senior officials, businessmen, export promotion councils and bankers. 



A number of important bilateral agreements are expected to be signed during Shri Jairam Ramesh’s visit. Among them are pacts to (i) expand the supply of raw skins and hides that are abundantly available in Ethiopia for India’s growing leather manufacturing industry; (ii) to set up an apparel fashion design institute in Ethiopia with the assistance of the Apparel Export Promotion Council (AEPC); and (iii) to set up a 38 Mw hydel project by BHEL/IL&FS. In addition, bilateral agreements on standards, small and medium enterprises and agricultural research are on the anvil. The two countries are also in the advanced stages of finalising a trade agreement to replace the earlier trade agreement signed in November 1982. India is also bidding to participate in Ethiopia’s railway modernisation and expansion programme.


India is the single largest foreign investor in Ethiopia with approvals crossing $ 3.5 billion. Of this, $ 2 billion is in the agriculture and floriculture sector alone. A number of Indian private companies are using Ethiopia as a base for the export of flowers to Europe. Roses are the most important of the flowers being cultivated and exported out of Ethiopia. In the context of India emerging as the single largest foreign investor in Ethiopia, the two countries are negotiating a double taxation avoidance agreement which is expected to be clinched in the next three months. A bilateral investment promotion and agreement has already been signed between the two countries and its implementation will be announced at the 5th meeting of the Joint Trade Commission. 


India enjoys a huge trade surplus with Ethiopia (exports in 2007/08 were over $ 400 million and imports around $ 14 million) and hence one of the objectives of Shri Jairam Ramesh’s visit will be to explore new avenues for exports from Ethiopia to India. Apart from raw skins and hides, pulses has been identified as one area. In addition, Ethiopia has large deposits of potash which could be exploited by Indian firms since India imports 100% of its requirements of potassic fertilisers. India has already notified the Duty Free Tariff Preference Scheme for import from 34 LDCs including Ethiopia following its announcement by Dr. Manmohan Singh at the India-Africa Forum Summit held in New Delhi in April 2008.

IMPORT OF SENSITIVE ITEMS DURING APRIL-JULY 2008

The total import of sensitive items for the period April-July 08 has been Rs.9696 crore as compared to Rs.8722 crore during the corresponding period of last year thereby showing an increase of 11.2%. The gross import of all commodities during same period of current year was Rs.421541 crore as compared to Rs.306946 crore during the same period of last year. Thus import of sensitive item constitutes 2.8% and 2.3% of the gross imports during last year and current year respectively. 


Imports of edible oil, milk & milk products and food grains have shown a decline at broad group level during the period. Imports of items viz. fruits & vegetables (including nuts), cotton & silk, automobiles, products of SSI, spices, rubber, Alcoholic beverages, marble & Granite and Tea & Coffee have shown increase during the period under reference. 


In the edible oil segment, the import has decreased from Rs.3777.8 crore last year to Rs.3698.0 crore for the corresponding period of this year. The import of crude edible oil has gone down by 4.7% and that of refined gone up by 19.9%. The decrease in edible oil import is mainly due to significant fall in import of Soya-bean crude oil which has gone down by 55%. 


Imports of sensitive items from Indonesia, Myanmar, China P RP, United States of America, Cote D’ Ivoire, Germany, Malaysia, Benin, Thailand, Australia, Egypt, Japan, Ghana, Korea RP, United Kingdom etc. have gone up while those from Argentina, Canada, Sri Lanka DSR and Brazil etc. have shown a decrease.

KAMAL NATH GREATER ENGAGEMENT NEEDED IN INFRASTRUCTURE AND IT

TARGET OF EURO 20 BILLION TO BE REACHED BY 2012, SAYS KAMAL NATH GREATER ENGAGEMENT NEEDED IN INFRASTRUCTURE AND IT


Date : 06 Oct 2008
Location : 
 

Shri Kamal Nath, Union Minister of Commerce & Industry, has said that reaching the trade target of Euro 20 billion by 2012 appears well within our sight, and the strength of the relationship is evident from the healthy growth in bilateral trade. During the interaction with Mr. Christian Wulff, Minister-President of the State of Lower Saxony (Germany), here today, Shri Kamal Nath informed that the State of Lower Saxony could be an important trading partner of India in sectors like agriculture, mining, crude oil, manufacturing, aviation, shipbuilding, biotechnology, steel, tourism industry and telecommunication. During discussion both sides agreed to enhance bilateral relations between the State of Lower Saxony and India.


Shri Kamal Nath stated that India’s priority is to carry forward its reform process so as to accelerate growth in an inclusive manner. Bilateral trade between India and Germany is showing a consistent growth. During the year 2007-08, bilateral trade was of US $ 14.7 billion as against US $ 11.5 billion during 2006-07. India’s major exports to Germany are: readymade garments, machinery & instruments, electronic goods, transport equipments while India’s major imports from Germany are: machinery (except electrical & electronics), iron & steel, machine tools, organic chemicals etc.


As regards WTO negotiations, Shri Kamal Nath said that: “We remain committed to a rule-based multilateral trading system. It is important that the development dimension of trade talks remains at the centre. For India and other developing countries, putting the livelihood of hundreds of farmers at risk would be unacceptable. There is a need for greater understanding from the developed countries.”


Shri Kamal Nath, during the meeting, emphasised that the State of Lower Saxony should take advantage of India’s investor-friendly climate and German companies should show greater engagement with India, especially in the sectors of infrastructure, information technology, bio-technology, automobile industry etc. In the comparative list of countries for FDI approvals, Germany ranks 5th. FDI approvals for Germany during the period 1999 to March 2008 was of the order of US $ 2.90 billion and the actual inflow was of the order of US $ 2.20 billion.