“Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself”. – Marty Schwartz. – I’ve said it before, and I’m going to say it again, because it cannot be overemphasized: the most important change in my trading career occurred when I learned to divorce my ego… Read More »
Remember that becoming a profitable trader is a journey, not just a destination. The perfect trader does not yet exist. Try to become a better trader each day and enjoy the progress you make. Concentrate on learning the craft of technical analysis and on improving your trading skills, rather than focusing solely on the amount… Read More »
CME Gold futures and CME Silver futures had a most volatile move in recent time yesterday. Precious metals were continued with their fall on monday morning but staged a miraculous recovery leaving gold with its best gain since June 2012. Gold which made a low of $1437 make a sharp pullback in evening session and… Read More »
Bajaj Auto Bajaj Auto has given a triangle breakout and Bulls are trying hard to close stock over 1870 which is 200 DMA. Close above 1870 will change the long term trend of stock and will head towards target of 1930 in short term. Buy above 1870 Tgt 1887,1900 and 1911 SL 1863 Sell below… Read More »
As a trader, if you are carrying overnight position, Are you glued in front of computer screen once trading in India Market is over, continuously tracking financial news around the globe. Do you continuously track European market, US markets. Do you have Eagle Eye on SGX nifty and any move against your position increases your… Read More »
SBI SBI is trading near its trendline resistance as shown above and formed a perfect DOJI candelstick near the top. Negative divergence is visible in RSI and Stoch. Bulls need to take caution. Buy above 2444 Tgt 2462,2487 and 2509 SL 2434 Sell below 2412 Tgt 2400,2388 and 2370 SL 2424 Tata Motors Tata… Read More »
Many traders I have interacted with every first question comes up “Bramesh What is Risk to Reward Ratio your system gives, I ask what is your expectation most of amateur will answer at least 80%.” I just smile and try to explain the why traders looks for such rosy percentage. We just need to understand… Read More »
Its an well known adage in Stock market “90% of trader lose money, 5% are at breakeven and only 5% are highly profitable trader”. So trading seems to be highly profitable profession if you are in top 5% but its a loss making profession for remaing 95%. So let me discuss few characteristic of Bad… Read More »
1. Caution. Excitement (and fear of missing an opportunity) can often persuade you to enter the market before it is safe to do so. After a downtrend, a number of rallies may fail before one eventually carries through. Likewise, the emotional high of a profitable trade may blind us to signs that the trend is… Read More »
Nifty at 28 Month High Sensex above 20000, but how many traders went long in market in morning trade. Yesterday as i discussed Nifty gave whipsaw and we were expecting a explosive move. It came, but million dollar question did traders went long in morning or kept shorting at higher levels. Well i have emphasized… Read More »