“Trend is Your Friend” , “Never Challenge the Trend” are true market adage and doctrine for traders. But when one looks at History of Financial market be it be stocks,commodity or Foex , Market does 80% of move in 20% of time and remaining 80% of time they are in non-trending, or “sideways” fashion.… Read More »
Interesting Article complied from en.wikipedia.org/wiki/List_of_trading_losses #10 Under the leadership of CEO Heinz Schimmelbusch, German metals and engineering giant Metallgellschaft was on the brink of bankruptcy after losing $1.3 billion on speculative bets. The firm bet on an increase in oil prices in oil futures markets, but oil prices dropped instead. Full Article #9 Robert Citron lost $1.7 billion for Orange… Read More »
PFC PFC has been giving good trading opportunity, as trading in tight band of 203-213.Buy Support and Sell resistance is an ideal strategy to follow in PFC till we see either Breakout or Breakdown. Sell below 210.2 Tgt 208,204.5 and 202 SL 213 Buy above 214 Tgt 216.3,217.5 and 219.5 SL 212.5 PNB PNB… Read More »
Success is defined by the achievement of pre-established goals. The key to becoming a successful trader is identifying, quantifying, strategizing, implementing, tracking, analyzing, learning and growing as a conscious person. You see, there is no such thing as “easy money”. Let’s get this upfront right now, trading is not easy and not for just… Read More »
ICICI Bank ICICI Bank will be coming up with its results today,stock has already rallied in expectation of good results. Technically trading in a risisng wedge pattern which is bearish once the lower rising trendline gets breached. Buy above 1214 Tgt 1222,1231 and 1240 SL 1203 Sell below 1201 Tgt 1194,1184 and 1175 SL… Read More »
Having self-discipline is having the ability to follow through on your plans and goals. Often times we get tugged in various directions and enticed by making choices that don’t help us along our path to our goals and fulfillment. “The path of least resistance is what makes all rivers and some men crooked.” – Napoleon… Read More »
What is weakest part in trading? Is it not having proper trading system? Is it not having proper trading plan? Is it not having proper trading Software? Is it the trader themselves? I have heard traders who make looses whine about market is manipulated, Its a fake rally, market will reverse from tommrow and i… Read More »
1. Ask yourself do you really want to take trading as a profession or You want to do trading as its the easiest way to make money ? Before you can develop persistence and eventually achieve success in the tough trading game, you need to first identify if this is truly what you want to… Read More »
1. FIIs sold 9586 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 312.98 cores with net Open Interest increasing by 24218 contracts. 2. As CNX Nifty Future was up by 53 points with Open Interest in Index Futures increasing by 24218 so FIIs created fresh long in Nifty and Bank Nifty.… Read More »
Interesting Study by TOI:Indian Retail Investor/trader lost 84000 cores in 18 month period. Thats a Huge sum of money lost by retail traders, so what exactly lead to trading failure of retail traders in Stock market.The difference between success and failure for a trader is wafer thin, Lets elaborate with an example Amateur retail traders… Read More »