HCL Tech 1597 should be watched for HCL Tech by positional traders, Holding the same bounceback can be seen till 1631/1652 odd levels. Intraday Traders can use the below levels Buy above 1614 Tgt 1621,1632 and 1640 SL 1609 Sell below 1605 Tgt 1598,1593 and 1582 SL 1609 Century Textile Positional traders should… Read More »
Most professionals nowadays undergo psychological profile employment tests in order for their prospective employers to assess their qualities as a person and whether or not it would match up to the traits they’re looking for in an employee. Different professionals, like policemen, firemen, and pilots all have their own different set of distinctive and desirable… Read More »
You should keep a trading journal of every trade you make! Backtest every system for at least 1,000 trades! Brush your teeth before bed! All of this is sound advice. However, how many traders actuallyfollow this advice? Do you? I would bet that less then a third of you reading this article keep a trading… Read More »
As a Trader it totally amazes me to see how we are almost “hard-wired” to do all the wrong things. It’s almost as if we were put on this planet to determine how many ways we can mess up our trading. How do you respond to a loss? How you respond to losing trade. During… Read More »
What are the common errors, the improprieties, the lack of attention to proper mores, the p’s and q of trading that cause so much havoc and could be rectified with a proper formal approach? Here are a few that cost one fortunes over time. 1. Placing a limit order in and then leaving the screen and… Read More »
Poor trading practice, poor execution, poor risk management and poor trade management, is responsible for much emotional distress. Trading affects our psychology as much as psychology affects our trading. Identify your greatest fears and face them as directly as possible, so that you find out they are not as powerful as they seemed. We are… Read More »
The language you use as a trader can provide either positive reinforcement through honest self awareness or negative results through demeaning self talk. In other words, when discussing your trading with others or in your journal become aware of how you view yourself. Do you see yourself as an amateur, a whipping post, a loser?… Read More »
01. Try to predict the future movement of a stock, and stay in it no matter what. 02. Risk your entire account on one trade with no stop loss plan. 03. Have a winning trade but no exit strategy to get out, no trailing stop or exhaustion top signal. 04. Ask for and follow the… Read More »
In Continuation with Previous Post Step 3 – The Eureka Moment Towards the end of stage two you begin to realize that it’s not the system that is making the difference. You realize that it is actually possible to make money with a simple moving average and nothing else IF you can get your… Read More »
Trading has been a heck of a journey for me. I came in for the money at first and now after all these years I’m still in but my motives have changed, I’m in for the game. Trading has been a long journey of self discovery for me, something I never even thought I would… Read More »