Unsuccessful Traders would rather lose money than admit they’re wrong. What is the ultimate rationalization of a trader in a losing position? “I’ll get out when I’m even.” Why is getting out even so important? Because it protects the ego. I became a winning trader when I was able to say, “To hell with my… Read More »
Today is crucial day for Nifty because we have 2 Important events lined up 1. Infosys Q2 Results to come at 9 AM 2. IIP data coming at 12 PM. So lets see How Nifty Technically poised before this 2 major events.. Nifty Hourly On Hourly chart Nifty is trading in a channel. Yesterday the… Read More »
Don’t spent all your time admiring the fancy tools in the magazine.First learn how to use the basic ones well. It’s not the size of your tools that counts but how you use them. Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated method every time. Bank Nifty Bank Nifty… Read More »
Infosys Daily The Q2 Results will be start pouring in from tomorrow officially with the Herald being done by IT Major Infosys. World markets are on up swing but india will remain immune to it if Infosys does not deliver than street expectation. Rupee rise will be an added advantage for Infy but if there… Read More »
Good trading is not about being right, it’s about trading right. If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades. Ruin is the risk you should be concerned with the most.It can come like a thief in the night and steal everything if… Read More »
This Week will be remembered as Week of downgrades It started with Moody’s downgrading PSU Behemoth SBI Bank after it has corrected 35% from its High and 12 UK Banks. Fitch Downgrades Spain To Aa- From Aa+, Two Notch Cut, Outlook Negative Fitch Downgrades Italy To A+, Outlook Negative Moody’s Puts Belgium Aa1 Rating Under… Read More »
Human emotion is both the source of opportunity in trading and the greatest challenge. Master it and you will succeed. Ignore it at your peril. Nifty Hourly Lets start from Hourly charts One Big Red Candle did the Whole Damage.. From Morning Nifty kept on trading between 4830-4875. Than came the free fall which led… Read More »
Succesful Trader cut losses asa and by doing so kept them small. Everyone will have its share of bad decisions in his/her trading career and keeping losses small in order to avoid huge losses is the toughest part. Bank Nifty Bank Nifty will be under pressure as whole Bank stocks round the world are in… Read More »
A common trait among newer traders, or among traders that are not profitable is a need for perfection. With so much noise in the media, blogs, and forums about calling tops and bottoms, one would think it’s a trader’s job to predict such things. Expecting to nail the top or bottom is a recipe for… Read More »
The Indian government has announced that it would borrow an additional Rs 53000 Cores from the market. This would take the total government borrowing for the fiscal year higher by almost 13% from the budgeted Rs 4.17 trillion to Rs 4.7 trillion. If you think Interest rates are Peaked out the above news give more… Read More »