European,US mkts down on euro worries

Media reports have stated that Cypurs has may arrive for a deal with Russia to sale Cyprus Popular Bank to investors of Russia which fetched a confidence among U.K.investors,as a result of this,FTSE300 index gained 0.6% more over it made an intraday high of 1,201.91 points and settled finaly at 0.5%.
European banking index Europe600 has rised up to 1.3% . This Cyprus compromise helped European marketThe earlier fear over the market was temporarily removed.Investors are confident in bank shares at European stock exchange and the three days loss comes to an end.However we strongly feel that this is not the time to 'buy at dips',
so European investors can wait for some more trading sessions to identify the market direction and market strength-bullsstreet research team

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Your fear is your first enemy

Approach the market without attachment.Do not attach to any scrip too.Do not trade the same scrip again and again.If you do so,you may not be familiar with new scrips.Have your own set of ten scrips in your watch list.Trade only few scrips from your list.Keep on changing the trades with other scrips in your list.Do not listen to your co-trader or a friend,he who may have his/her own trading plan and style.Use your instinct to observe the scrips.If your mind says no means do not trade the scrip.If you made profit in few trading,stay away from trading platform.Do not over trade,it will eat the profits earned in earlier trading.Keep a track record of your trading.Firt identify your weakness and strength.Use market news only.Do not follow rumours,gossips.Do not use informations spread around the trading house or brokers lobby.you are the master of your money.No one can do better than you.If professional available,use their services.Do not always depend on "free tips".Free tips are only a hook.Identify yourself that whether you are a passive investor or aggressive trader.If you are an investor means you can do only delivery based trading.If you are a trader means find your risk taking level.If you are able to take risk,and it is subject to your risk capital and reserve capital,then you can do derivative trading.Option traders are real gamblers in stock market.Because there is no roll over of the premium paid.Only experienced traders can enter in to option traing,that to do only intraday trading.Option writings are not for small investors.As a whole use your mind and inner self for your trading.Happy trading.All the best!
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