SBI SBI has been falling relentlessly from 2535 till 2276, As discussed on 29 Jan unable to cross 2550 SBI can start short term decline, Stock took support at 2420 levels for 3 days as soon as closed below 2420 downside breakout happened with a quick decline till 2276. SBI is now at important support… Read More »
During my interaction with traders during my trading course,I came to know most of traders who loose money will keep changing their trading system the day it give them a loss. Till its milking money traders stick to it, but if 2-3 trades goes wrong they will keep the trading system on back burner and… Read More »
by Van K. Tharp, Ph.D. One of the best article read in recent times, sharing with the readers. In my work with traders and investors I believe the most significant work that anyone can do to increase market returns is self work. Really understanding yourself and how you think can give you an edge that… Read More »
Its Febuary and People will be rushing to Buy Mutual Funds so as to save Rs 1 Lakh, Please go through the tricks the MF sellers might use to lure you. Consider fund ‘X’, which was one of the worst-performing funds from the markets’ January 2008 peak to their March 2009 bottom. During this period,… Read More »
Today we will start discussion on widespread misconception that are floating around the trading community and gets lodged into traders minds. I have been talking to many traders every week, during our talks the misconception will finally come up. A lot of these are inaccurate and ineffective ideas,which lead traders into a cycle of bad… Read More »
LT LT is forming multiple support in the range of 1521-1527, Stock has formed swing high of 1600 and has been falling continuously. Buy above 1538 Tgt 1547,1560 and 1570 SL 1527 Sell below 1524 Tgt 1514,1501 and 1490 SL 1537 IDFC IDFC has broken out of risisng wedge pattern and is now at… Read More »
How to make money trading stocks/Commodities (a) Identify the reason for the trade (b) A Stop Loss (c) A profit target or trailing stop mechanism (d) The point at which you accept that the trade is not working even if the stop did not hit. (e) Number of shares / contracts that you will hold.… Read More »
“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 »