If you haven’t read this book “Reminiscences of a Stock Operator” written in 1923, read it! It is purpordetly the unofficial biography of one of the greates traders ever; Jesse Livermore. The rules Jesse followed back at the turn of the last century are still very much applicable today. 1) Don’t lose money. Don’t lose your… Read More »
Nifty Nifty as discussed yesterday has taken support at trendline support and formed a double bottom at 5217. Now trend is Sell on Rise till 5331 is not broken. SGX Nifty is suggesting a gap up opening till 5283-5295 is not broken in hourly basis trade with caution on long side for intraday. Buy above… Read More »
Mario Draghi has delivered the Bazooka for Bulls by saying the below points in his press conference. EU Market are roaring with US markets also climbing as ADP Jobs At 5-Month High ECB HAS DECIDED ON MODALITY FOR BOND PURCHASES IN SECONDARY MARKET DRAGHI SAYS PURCHASES WILL ADDRESS DISTORTIONS IN BOND MARKETS DRAGHI SAYS ECB… Read More »
At 2:30 pm CET, 8:30 am EST, Mario Draghi will take the podium and either whip out the Bazooka, which may lead to the resignation of Jens Weidmann from the ECB governing council and further unpredictable consequences (the ECB already broke European money markets when it lowered the deposit rate to 0.00%), or a water… Read More »
Richard Wyckoff, like Jesse Livermore, was a Wall Street stock trader in the early 1900s. Wyckoff’s first job in 1888 was as a 15-year-old stock runner on Wall Street. By the age of 25, he had his own brokerage office. He also published his own market magazine and advisory newsletter.He studied the stock market investing… Read More »
Bank Nifty Bank Nifty has taken support at its 200 DMA and lower trendline at 9814. Sell below 9814 Tgt 9769,9710 and 9606 Buy above 9872 Tgt 9931,10000 and 100093 Bharti Airtel Bharti Airtel buy call was given yesterday and stock made a high of 259. Stock looks overbought on hourly charts and pullback… Read More »
Don’t lose your stake. A speculator without cash is like a store-owner with no inventory. Cash is your inventory, your lifeline, and your best friend. Without cash, you are out of business. Don’t lose your line. There is no place in speculating for hoping, for guessing, for fear, for greed, for emotions. The tape tells… Read More »
People are successful in business because, while they make mistakes at first, they study these mistakes and avoid them in the future. Then by gradually acquiring a knowledge of the basic principles of success, they develop into good business men. Buthow many apply this rule to investing and trading? Very few do any studying at… Read More »
1. FII sold 13298 Contracts of Index Future,worth 317.46 cores with net OI decreasing by 27718 contracts. 2. As Nifty Future was up by 16.50 points and OI has decreased by 27718,so profit booking happened on longs carried by FII in August Series.So FII have been reducing the long exposure in Index future and… Read More »
Always establish a stop. A successful speculator must set a firm stop before making a trade and must never sustain a loss of more than 10 percent of invested capital. I have also learned that when your broker calls you and tells you he needs more money for a margin requirement on a stock that… Read More »