Be aware of what is going on in your mind, body and feelings. Slipping into an internal focus seems automatic because we aren’t fully aware of it as it is happening. Being aware of what the mind is saying and how we are feeling is the first important step in mental toughness. You can catch… Read More »
Commit to high value actions regardless of how you feel. This means being willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. Maintaining an external focus and initiating positive trading actions may not be easy when feeling down, but it’s certainly not impossible. Like all skills, it takes… Read More »
Bank Nifty Bank Nifty is consolidating the upper end of channel and today Axis bank results can either make or break the trendline on closing basis.Nifty has broken the 20 DMA but bank nifty is still trading above it showing the bullish strength bank nifty is showing. Buy above 10604 Tgt 1065610692 and 10744… Read More »
Ship Corporation of India(SCI) SCI has closed above a crucial level of 59.8 and now facing the final hurdle at trendline resistance at 61.5 and 200 DMA@62. Todays rise was backed with volumes and any close above 62 can see quick move till 65 Buy above 60.5 Tgt 61.5,62 and 62.5 REC REC… Read More »
IT twins TCS and Infosys will be declaring there Q1 results today, A close look at charts reveal the out performance by TCS and Under performance by INfy after the declaration of Q4 Results. TCS has gaped up from 1074-1117 and is still holding the run away gap. After this formed a range from 1195-1295… Read More »
We have 4 important event tomorrow : 1. Infosys results before market opens (Infosys Technically explained) 2. IIP data at 11 AM 3. WPI data expected to be highest in recent times 4. TCS Results after market closes around 6 PM So its an eventful day and as Infy and TCS has combined weightage of… Read More »
Risk = The Distance to your Stop loss. Which means you have to have carefully studied where is the best place to put your stop. Its the exact %loss that will occur if your stop is hit. If you hold positions overnight, this distance is less defined, since large gaps will widen stops, I guess… Read More »
The goal of any trader is to turn profits on a regular basis, yet so few people ever really make consistent money as traders. What accounts for the small percentage of traders who are consistently successful is psychological—the consistent winners think differently from everyone else. The defining characteristic that separates the consistent winners from everyone… Read More »
All eyes will be on US Fed announcement at 10:00 PM IST Will he extend monetary easing of Operation Twist which expires in June 2012. Well situation in US is similar to India, US government is not taking any steps to improve the fiscal situation and reforms which can spur it with lot of political… Read More »
Traders who need to make money “right now” will trade more aggressively not realizing that the market will do what it wants when it wants regardless of the sand left in the hour glass. I don’t know about others but I would much rather chase three turtles than one rabbit any day. Slow and steady… Read More »