Market (Read boss) is always right, no matter how illogical he/she may sound. Never fight with the market. The price on the screen should be the guide, and not the price in your mind. Always have healthy respect for the market and never keep your focus away from the goal – TRADE WELL. Markets can… Read More »
by Reality Trader Have you ever heard something like “The market is a battle, be ready to fight with all you’ve got,” or “The market is a war,” or any variation of this theme? I bet you have, it’s a fairly common theme. But is it true, or better question might be: is this a… Read More »
In the world of stock trading there are Master Traders who have control over their emotions and then there are the Gambler traders who buy and sell based purely on emotion whether they realize it or not. A Master Trader combines the skill of a chess player who anticipates an opponent’s moves and plans his… Read More »
Nifty Futures Moved from 5500 to 6000 and back from 6000from 5870 today. How many points were you able to made out of it. When I interact with my readers on Mail or Phone I feel most of the people loose money for reasons as mentioned 1. They are very rigid in there views —… Read More »
Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader. PTC PTC is showing very bullish sign as it took support at 71.5 which is support of rising trend line.… Read More »
Remember, Trader is a Chowkidaar. He is paid to watch and not think. So, don’t apply your brains when you are not supposed to. Trade what you see and not what you think. Always approach market with open and opportunistic mindset. Remember, the disbelief comes from thinking. Please try to see the market as it… Read More »
Risk/reward is set in concrete. Nothing in trading, with the exception of the process, is set in stone. I have seen that stone sink many peoples trading careers. Risk/reward is as much of a filtering process as it is risk management. We look at market in terms of volatility, it keeps us out of slow… Read More »
When markets are Volatile Overbought in Short Term May Reverse from the current trend as per technical Most common term used by traders/analyst is Tighten your Stop Loss/Use Trailing Stop Loss Stop loss order is an order to close position if/when losses reaches a particular point. In other words stop loss trade is an order… Read More »
As a trader, keep your focus on what market is doing and not on what market should be doing. Lots of times, we miss a great opportunity because we are so caged in our thinking that we dismiss real moves. Reliance Capital Rel Capital being a High Beta stock was on a rise from 380… Read More »
Many traders have asked and discussed with me When i keep a Stop loss order its gets triggered and market reverses just from my stop loss level giving them a feeling of helplessness and most of them decide never to keep a stop loss order. The market often rewards bad behavior. You exit… Read More »