PVR Positional Traders can use the below mentioned levels Close above 1790 Target 1850 Intraday Traders can use the below mentioned levels Buy above 1790 Tgt 1805,1825 and 1850 SL 1780 Sell below 1777 Tgt 1760,1743 and 1720 SL 1788 IGL Positional Traders can use the below mentioned levels Close above 325 Target 333/337 Intraday… Read More »
“A trader is the weakest link of any trading system” (Alexander Elder) During one of my trading Seminar a student asked the following “After 4 years of winning and losing hundreds of trades and blowing out several accounts both demo and live, trying different systems, experimenting with many strategies, I am still unable to achieve… Read More »
Paul Tudor Jones II (born September 28, 1954) is an American businessman who founded Tudor Investment Corporation, a private asset management company and hedge fund. As of March 2014, he was estimated to have a net worth of US$4.3 billion by Forbes Magazine and ranked as the 108th richest American[3] and 345th richest in the… Read More »
Once, a Chinese traveller came to meet Kautilya (Chanakya). It was dusk and darkness had just started to set in. When the traveller entered Chanakya’s room, he saw that Chanakya was busy writing some important papers under the lighting of an oil lamp. You know that there were no bulbs or tube lights in those… Read More »
I was walking around in a Target store, when I saw a Cashier hand this little boy some money back. The boy couldn’t have been more than 5 or 6 years old. The Cashier said, “I’m sorry, but you don’t have enough money to buy this doll.” Then the little boy turned to the old… Read More »
One day a man saw an old lady, stranded on the side of the road, but even in the dim light of day, he could see she needed help. So he pulled up in front of her Mercedes and got out. His Pontiac was still sputtering when he approached her. Even with the smile on… Read More »
In Continuation with Previous Article Internal confidence, on the other hand, is not based on the outcome of your trading results. Internal confidence is process based. It comes from three things you have complete control over: 1. Knowledge you acquire, 2. Skills you develop, 3. Ability to apply your knowledge and skills in the market.… Read More »
A Hindu saint who was visiting river Ganges to take bath found a group of family members on the banks, shouting in anger at each other. He turned to his disciples smiled ‘n asked. ‘Why do people shout in anger shout at each other?’ Disciples thought for a while, one of them said, ‘Because we… Read More »
During my Training Session I was having a discussion with one of my Students on his trade he has been doing over last 6 months and try to find the reason for his Losses. One Thing which strikes me was for all profitable trade he said I was Disciplined I had an excellent strategy My… Read More »
How could an experienced trader lose his entire fortune? Why didn’t Jesse Livermore follow his own trading rules? – rules that should quickly have closed his losing positions. In 1917, with great foresight, Jesse Livermore had bought $800,000 worth of annuities. His objective was to ensure his family had an income in case he lost… Read More »