Adding to a losing position – Also known as doubling, tripling, quadrupling down, typically, this means that the trader does not want to admit the trade is wrong. The trader’s ego is at stake as the trader is hoping the markets will “work in their favor”. If you are wrong, you have a near 0% chance… Read More »
Nifty Future made a fresh September series high today at 5453. IIP data came at 0.1 which is as per market expectation. Another important Global event German Court gave in favour of using ESM and Germany Can Ratify ESM Fund With Conditions so nothing is stopping Bulls. Always remember hot money chase the momentum and… Read More »
As a trader who has seen a great deal and been in a lot of markets, there is nothing disconcerting to me about a price move out of a trading range that nobody understands. Tight congestion in which a breakout occurs for reasons that nobody understands are usually good risk/reward trades. The more a price… Read More »
Nifty Future made a fresh September series high today at 5409. We have important events lined up in next 3 days so trade with caution as volatlity will be name of the game. IIP data will come tomorrow at 11 Am German Court decision on whther ESM is part of EU treaty or not will… Read More »
I sincerely feel that success in trading is 80 percent psychological and 20 percent one’s methodology, be it fundamental or technical. For example, you can have a mediocre knowledge of fundamental and technical information, and if you are in psychological control, you can make money. —-The Disciplined Trader,Mark Douglas Century Textile Watchout for 341 levels… Read More »
1. FII sold 19129 Contracts of Index Future,worth 470.22 cores with net OI decreasing by 33359 contracts. 2. As Nifty Future was down by 8 points and OI has decreased by 33359,FII have booked profit at higher levels today in Nifty and Bank Nifty Futures. 3. NS closed at 5363 above the 61.8% retracement… Read More »
Faith in your system = Belief through back testing + Experience of winning with it for years Whether any individual trade is a winner or loser should not influence your faith in your system and trading method. You should trade in a way that each trade is just one trade out of the next 100.… Read More »
Nifty made a weekly close above 5350 with huge shorts covering coming by FII. Read more on Weekly Analysis on Nifty 1. FII bought 25718 Contracts of Index Future,worth 651.86 cores with net OI increasing by 31200 contracts. 2. As Nifty Future was up by 98 points and OI has increased by 31200,FII covered shorts… Read More »
Mario Draghi has opened Bazooka for Bulls with its new Bond buying program Outright Monetary Transactions(OMT). S&P hit 4 year high Nasdaq at 12 years high Gold moved to 1740 $ Euro at 1.28. The Financial market love one world in short term which is Liquidity and as a trader never fight the power of… Read More »
“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better… Read More »