Global Economy has got some more shocks to live with in the coming week Issue1: U.S. Authorities SUES 17 BIG BANKS for $196Billions OVER MORTGAGES during SUB-Prime Crises Issue2:“GREECE” IS BACK as Germany and other Creditors not satisfied with Austerity measure and next round of bailout in on HOLD Nifty Hourly Nifty Hourly Chart has… Read More »
Trading psychology contributes about 60% to success and position sizing contributes another 30%. Furthermore, most traders ignore the first two areas and don’t really have a trading system. That’s why 90% of them fail. First, I would argue that trading psychology accounts for 100% of success. Why? This conclusion is based on two findings. First,… Read More »
Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely… Read More »
India Declared its GDP yesterday and it was the slowest in past 18 months.Given the way Stock Markets are falling in August one got reminiscence of 2008 Crash and pain the investor went through. Now Given the way things are panning out in Europe and USA we can have 3 Outcomes 1. Slow Growth 2.… Read More »
Stopping out of losing positions is the only sure way to maintain survival in difficult conflicts and to achieve the complete victory that is your aim. To learn how to live to fight another day is the best advice that all traders can be given. Nifty Hourly Nifty Hourly resisted at Hourly Resistance of 4931… Read More »
Traders always a dilemma of What Stop Loss should be kept for there Trade.For putting your Stop Loss In trading –you need to keep the structure of the market in mind. Right Now we are in Volatile times so your Intra day trades should have a deep sl as If you see Nifty it give… Read More »
In markets, waiting for an opportunity is also Trait of Investor. One should not wait for a bottom as it will come only 1 Day rather wait for market to stabilize before committing your money to Mr Market. Nifty Hourly On Hourly Chart we are seeing formation of Falling Wedge Formation with Resistance at 4796… Read More »
Successful Trader Have an open and Opportunistic mindset and they Never Speculate the Price they just trade the price as per there trading plan. Bank Nifty Bank Nifty on Daily Charts has been falling from past 11 Sessions a Straight fall from 10500 -9100 Level a Fall of almost 1400 Points. Bank Nifty should always… Read More »
Nifty Series expiry generally brings more pain to the people who are already in pain. For August Month Nifty has traded in the Range of 5552-4796 which is a 756 Point Range. This month, bulls are in pain – as if someone have bought at 5400 he is also down by 600 Points if the… Read More »
The safe way to double your money is to fold it over once and put it in your pocket. Nifty Hourly On Nifty Hourly Chart Market resisted at the channel resistance @4965-76 levels and gave a quick fall. Today the Gap of 4893-4932 got filled and Hourly Indicators have become overbought. Support will come… Read More »