Define your trades and your trading plan (discipline), and stick with your trading plan (self-control). The justified wins you receive from following your plan with help you develop an unwavering pattern of disciplined and controlled trading. Today is all important India Reserve Bank meeting: Markets expect the repo and reverse repo rates to get… Read More »
Nifty Daily Chart Lets first look at Which side will have maximum pain Nifty High October Series :5162 Nifty Low for October Series:4728 Middle Points of October Series: 4945(5162+4728/2) Range:434 Points So Below 4945 Bulls are in Pain and above 4945 Bears are in Pain. Nifty Current Price:5098.35 which means Bears… Read More »
The RBI has thrown everything in its arsenal at stubborn inflation. But prices refuse to budge. The latest food inflation number, based on the wholesale price index, came in 10.6% higher from a year earlier. All eyes are now on the central bank, who meets 25 Oct to decide its latest monetary policy stance. Is… Read More »
Discipline is directly related to the bottom line of a trader’s account. The Professional Trader keeps a high focus on being disciplined and sticking to his system. He disciplines himself by constantly having the thought of making money and being positive at the end of the month in the forefront of his mind. This way… Read More »
Trading is not a sprint; it is boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win. Keep it simple. Simple time-tested methods… Read More »
Get To Know Yourself “The perfect trader-if such a person exists-is methodical and careful about making decisions, extremely disciplined, resilient to setbacks, with a high degree of internal confidence. He holds strong opinions but is also able to admit quickly when he is wrong, not take it personally, and view it as a learning opportunity… Read More »
The market does not care how you feel. It will not prop up your ego or console you when you are down. Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears and failures, you will not succeed. Bank… Read More »
Everybody knows the four cardinal rules of trading, but so few people follow them :- Trade with the trend. Cut losses short. Let profits run. Manage risk. There is a big difference between knowing something and applying it. Most people don’t use what they know. Voltas Voltas is moving out of its oversold zone,Took support… Read More »
One sector’s gain is indeed a loss for another. While the IT sector has been given a new lease of life following the sharp depreciation of the rupee in the last month or so, the same is proving to be the proverbial Achilles’ heel for state run oil marketing companies. This is because the weakening… Read More »
Position sizing is the part of your trading system that tells you how many shares or contracts to take per trade. Poor position sizing is the reason behind almost every instance of account blowouts. Preservation of capital is the most important concept for those who want to stay in the trading game for the long… Read More »