A great excerpt from “Trading Rules: Strategies for Success” by William Eng. It’s a great reminder that market prediction is a fool’s errand: When you buy something, you want it to go up. When you sell something, you want it to go down. The chance of entering the trade correctly is small, but the chance… Read More »
Have you ever lost yourself in a trade? You focus intensely on your screen and wait for the ideal time to enter. You’re fully attentive as you continue to watch your screen as the price creeps up to your profit objective. All your attention is channeled on your ongoing experience. Without even thinking, you exit… Read More »
Hindustan Zinc Buy above 133 Tgt 134,136 and 139 SL 131 Sell below 130.5 Tgt 129.1,128.2 and 126.7 SL 131.5 BHEL Buy above 164.5 Tgt 166.1,167.4 and 170 SL 162.4 Sell below 162.2 Tgt 161.159.6 and 157.6 SL 164 Yes Bank Buy above 354.5 Tgt 356.8,361 and 365 SL 352 Sell… Read More »
Indusind Bank Positional traders should look for close below 411 for target of 398. Buy above 418 Tgt 423,429 and 433 SL 416 Sell below 411 Tgt 406,400 and 395 SL 413 Bank Baroda Buy above 622.5 Tgt 627.9,635 and641 SL 620 Sell below 617 Tgt 614.5,608 and 601 SL 620 IDFC… Read More »
Winning traders are courageous. They show courage when they risk their money, and face the possibility of losing it. They show courage when they follow their convictions, and possibly let their pride and ego get hurt. But courageous trading is a little more complicated than it appears at first glance. Courageous trading is not merely… Read More »
Reliance RIL is near its 200 DMA. from last many time stock has given a rally after touching its 200 DMA.Holding 843 on closing basis stock could go back to 898 in short term. Buy above 851 Tgt 856,863 and 869 SL 848 Sell below 843 Tgt 837,832 and 835 SL 848 Indusind Bank… Read More »
The fear of “pulling the trigger” stems mainly from the fear of loss. That same fear is responsible for 3 major actions or inactions that destroy traders: Cutting winners short. You take what you can and fear that if you don’t grab whatever small gains you have now, they would disappear. Keeping losers. You don’t… Read More »
Managing Risk as a trader is the most important consideration and if you answer NO to any of the following questions, then STOP TRADING until you can answer YES to all of them: Do you have a written trading plan that deals with risk management? Have you calculated the risk that you are comfortable with in every… Read More »
How can a professional take the same trade as an amateur yet end the trade at a profit or be in a better position psychologically after taking a loss? Every trader experiences losing trades. Professionals and amateurs may have similar outlooks on a market, but oftentimes they end up with different results.So lets discuss the… Read More »
Many new traders deceive themselves. They celebrate small wins. They look for the magic solution to making money through a fail safe system. They believe a seminar or newsletter will change their life completely. The mistake trading for easy money and coaches and gurus for having that secret recipe for success. Well, there is none,… Read More »