We have read the stories, heard the rags to riches stories, and even known real people close to us who just quit their lucrative day jobs to become a full time trader. Unfortunately, living the trading dream is not for everyone. Some people are simply not suitable for trading, probably due to their personal disposition,… Read More »
Wishing all Readers a Happy Independence Day FIIs sold 24177 contracts of Index Future (Entered fresh shorts in 24278 contracts and 101 Longs) worth 682 cores with net Open Interest increasing by 24379 contracts. So as per data analysis, FII’s have entered fresh shorts in NF and BNF before Trading Holiday. How to deal… Read More »
Many traders i have trained during my training classes have confessed they were devastated by there single loss. A single loss was so deep that Market forced them out of the game.The point i want to traders to understand a loss should never be so devastating to the end result that you are thrown out… Read More »
SBI SBI has formed a double bottom at 1575 and closed above an important Fibo number of 1597. Double bottom are very strong reversal pattern that to if stock has been declining from past 12 weeks. Any close above 1631 will give further boost to bulls for target of 1686 and 1741 in short term.… Read More »
FIIs sold 10222 contracts of Index Future (Book profits in 6700 Contracts of shorts and 16922 longs ) worth 292 cores with net Open Interest decreasing by 23622 contracts. So as per data analysis, FII’s have started booking profit in Long in NF and BNF entered on last 2 days. Trading Funda : Think Less… Read More »
1. Trade With a Clear Mind Do not make emotional decisions. Realize that emotions are emotions. What differentiates the successful traders from others is how we recalibrate our reactions to our emotions. Clear mind will never have Trading Fear I was watching an interview with a surfer. The interviewer asked him what he does when… Read More »
Tata Steel Tata Steel has been falling like 9 pins from high of 448 to 195 in mater of 6 months. Steel stocks are showing sign of life after being beaten down heavily in 2013. Stock is poised for crucial breakout as per fibo fans as shown in below chart. Positional traders should look for… Read More »
FIIs sold 3473 contracts of Index Future (Book profits in 47 Contracts of shorts and 3520 longs ) worth 101 cores with net Open Interest decreasing by 3567 contracts. So as per data analysis, FII’s have started booking profit in Long in NF and BNF entered on last 2 days. Trading Funda : Think Less… Read More »
One of the most difficult things to get traders to understand is that no matter how much they research apply n number of indicator, they will probably do better if they did less and follow a single strategy. We as Human beings are wired to accumulate and analyzed lot of information ,This is certainly counter-intuitive, when… Read More »
SBI SBI is seeing a range contraction on daily charts and weekly charts have been falling from past 12 weeks. SBI is showing range contraction on weekly chart and explosive move is round the corner. Positional traders should go long above 1686 for Tgt of 1741,1830. Positional shorts should be entered below 1597 for… Read More »