Know your Risk: The Risk-Reward Ratio Risk is a part of trading. Every trade carries a certain level of risk. Every trader must know the amount of risk that is being assumed on each trade. Knowing the amount of risk on each trade is one way to limit it and to protect your trading account.… Read More »
DLF Buy above 193 Tgt 194.8,196 and 199 SL 191 Sell below 190 Tgt 188.5,186 and 182 SL 192 REC Any close below 267 stock is heading to 254 odd levels. Buy above 273 Tgt 277,283 and 286 SL 271 Sell below 267 Tgt 263,260 and 257 SL 270 BHEL Unable to close… Read More »
In Continuation of Previous Post Fatal Flaw No. 4 — Lack of Patience The fourth finger of the invisible hand that robs your trading account is Lack of Patience. I forget where, but I once read that markets trend only 20% of the time, and, from my experience, I would say that this is an… Read More »
If you’ve been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn’t seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can’t… Read More »
During one of my trading session, a student told me “Sir I am a small trader , I make good money in trending market but when market goes sideways/choppy i lose my profit and most of my trading capital”. I asked him, Do you know the difference between trending and choppy market, He said… Read More »
Only six percent of the people who attempt to become professional traders actually succeed. Why do most fail? Lack of passion When people come into the world of trading many think that they only need to learn a strategy and follow the rules of that strategy. And, there are some people who actually do this… Read More »
Hindalco Positional traders should look for close below 177 for short term target of 165. Intraday traders can use below levels to trade Buy above 181 Tgt 183,185 and 189 SL 180 Sell below 176 Tgt 173,170 and 168 SL 179 CIPLA Intraday traders can use below levels to trade Buy above 443… Read More »
ICICI Bank Positional traders should look for a close below 1453 for short term target of 1411. Intrday Traders can use the below mention level Buy above 1467 Tgt 1473,1483 and 1500 SL 1463 Sell below 1455 Tgt 1447,1440 and 1430 SL 1463 Voltas Unable to close above 212 stock can correct back to… Read More »
BHEL BHEL is near a very important gann level of 220 , Holding the same stock can see bounceback till 225 and 233. Unable to do so 212 /199 is short term target. Buy above 222 Tgt 224.227 and 229 SL 220 Sell below 219 Tgt 217,214 and 212 SL 221 BPCL Positional traders should… Read More »
Trading is a very complex undertaking and if you miss one element you will likely eventually fail in this endeavor. Here are the four different elements we must have working for us for success in trading: The Knowledge If we don’t do the homework to know what we need to know we will fail due… Read More »