Here are some things I really, really wish I knew when I was twenty.

• Love hurts, but not as much as not loving.
• The friendships you nurture will have a greater effect on your life than where you work or what you earn.
• You are not your job. You are not your bankroll. You are not the sum of your possessions.
• The company does not love you. It has no heart. You are replaceable. Keep your parachute handy.
• Few decisions will ever shape your future life more than who you choose to marry. To marry well, you must choose well.
• Love is a commitment.
• Your passions will grow out of your values. Make early, wise choices to value what (and who) is good, trustworthy, and praiseworthy.
• Integrity preserved is honor won.
• Rejoice in your health. It fades fast.
• Find a passion. Pick a hobby, own it: photography, juggling—whatever. Get your 10K hours of perfect practice in early and change your life.
• Don’t bother comparing yourself to others—this only leads to heartbreak, anger, and disappointment.
• Most disappointments arise from unmet expectations. Set realistic expectations for yourself, based on your strengths, then strive to exceed them.
• Don’t drive others to meet expectations they’ve committed to — lead, inspire, and help them do it.
• Don’t set expectations for others when they have not or cannot commit to them.
• Expectations you never communicate and negotiate will rarely be met—except by accident.
• Don’t complain. Either change your situation, learn to cope, or change perspective.
• Don’t worry about getting a big salary in your youth: first learn to execute tasks with skill, excellence, and grace.
• Little stuff matters—even in lowly jobs. The boss notices—and even if not, your peers and colleagues will.
• Ultimately, privacy is a myth: God sees everything. The cloud records everything. NSA files everything. So, live transparently and don't waste useless energy hiding failures.
• Don’t look down on others because they don’t have what you didn’t earn: your intellect, your beauty, and your culture of birth are undeserved gifts. Stay humble.
• Failure is an opportunity: no great man or woman ever achieved significance without great failures. Fail forward.
• Never withhold an apology when it’s merited. Deliver it quickly, sincerely, and personally—before resentment festers.
• You don’t need to nurture old guilt when you’re forgiven. But remembering the shame can help you avoid repeats.
• Mere belief in anything signifies little more than assent: trust and behavior reveal where true convictions lie.
• The main thing you need to do quickly is to stop doing things quickly. Trade hurry for calm, confidence, and precision.
• Everybody needs an editor. Everybody. Especially editors.
• Get your work done first so you can play without guilt. Even better, make work play and the fun never ends!
• If you want to develop your passion and gift, stop worrying about the things you do poorly. Go with your strengths!
• Avoid fights. Seriously. Avoid them like a plague: nobody wins in a fight, even if you walk away unscathed. But when a fight picks you, leave everything on the mat and give it your all. Hold nothing back.
• If you're bored, you’re doing it wrong.
• The skills that will help your career most are the abilities to assimilate, communicate, and persuade. Keep learning.
• Nothing in this life—no pain, no agony, no failure—compares to the eternal joy of Heaven. Live in light of eternity.
• Protect your joy. Nothing is easier to lose by over-thinking, overanalyzing, and second-guessing. On the other hand, always consider the long-term consequences of your choices: stupid decisions made in the moment can rob you of years of joy and happiness.
• Your purpose in life determines how you frame events. You can maintain your joy in the most dire circumstances if you find meaning for your life. Dig deep.
• It truly matters what you think about. Think well by reading good books, building good, loving relationships, having good conversation, and imitating great people.

I'm still learning — in fact I haven’t fully appreciated most of the list I made, myself. And I’m still adding to it. But I’m getting better.



Credit -  Rich
http://twitter.com/RichTatum

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Rules to succeed @ Intraday Trading: 

1. Always strictly follow stoploss. Those who dont maintain stoploss are unfit-100%.
2. Always book 50% profit at few points up when the stock moves in your direction and then keep your buying price as stoploss for other 50%. If you notice the stock reaches near to target then book another 50% of existing quantity and modify stoploss to initial 50% rate for the remaining quantity and wait for further movement and exit.

For futures trade two lots and sell one lot immediately after some positive movement of the stock and keep stoploss for the second at buying price and exit completely when near to target. Dont wait for exact targets- market is always volatile.

One trade without stop-loss can wipe out complete profit earned by 9 trades- You lots in five trades today with stoploss, next day can make 5 successful trades if you save your capital.

I did a trail last week: One of my assistant who dont know anything about market, I told him few stocks to trade. I informed him that if he see red color then we will get money and if he see green color in profit/loss column then we will loose. While trading he did immediate booking when red colour and averaged it out when green colour and waiting to recover loss. But the real scenario is: he bought more quantity when stock is making profit and made more profits and he booked immediate profits i.e. stoploss- which he dont know.

Its all mind set- so plan it properly. Never forget stoploss if not one day you need to forget trading and look for something else. Trading is always profit for people who looks plus or minus the same during stoploss booking (Actually its not stoploss its a capital saving point) and never carry emotions of one trade into another trade. Each trade is unique and dont be greedy to win everything in one trade. Market will be open life long, so we will pluck it slowly.

When a call is given by analyzing the news in a positive way, in between someone will analyze the same news in a different way and turn the stock down.