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 »
Tata Global Tata Global has formed a swing high at 153.4, stock has been falling from that level. Today’s fall it took support at falling trendline at 139. Holding the same bounceback can be expected else 130 odd levels are on cards. Buy above 142.5 Tgt 144.5,146 and 149 SL 141 Sell below 139.5 Tgt… Read More »
By Robert Prechter, Jr. President and Founder of Elliott Wave International When I first began trading, I did what many others who start out in the markets do: I developed a list of trading rules. I created the list piecemeal, with each new rule added, usually, following the conclusion of an unsuccessful trade. I continually… Read More »
As any other Business, Losses are part of trading , As a trader you are going to losses money and some point of time. Most of traders search for “Holy Grail” trading system which give them accuracy of 80-90%. Such system are advertised all over, Tip provider claim we give you 90% accuracy tips but… Read More »
Trading is a Skill and it takes time to develop the Skill.Trading is simply like learning to drive a car, it is a skill that anyone can learn. Trading doesn’t take extreme intelligence or any superhuman gifts, it simply is hard work, just like learning to drive a car. Any person who need to become… Read More »
I was having a talk with one of my friend who recently started trading commodities, He trades in Gold and Crude. As all new traders he had very high expectation, he was telling me that few of his friends made very good money trading commodities and he was really excited in trading commodities, I asked… Read More »
Century Textile Century has broken out of its resistance zone of and closed above its 50 SMA.Follow up action should be seen today and move towards next zone resistance of 327 Buy above 318.5 Tgt 321,324 and 327 SL 316.5 Sell below 312 Tgt 310,307 and 303 SL 314 Hero Moto Corp Hero Moto… Read More »
Great traders that we have had the pleasure to know and to be around, on exchange floors and on trade desks, had certain repeatable traits that all level traders can learn, or take something from; Having Confidence on themselves and Discipline on their trading system Faith in their own ability. Humility, and a willingness to… Read More »