Bata India Negative divergence is visible in bata and it has been a strong stock. Unable to cross above 870 is first sign of weakness. Divergene to show it effect bata needs to close below 825. Sell below 825 Tgt 818,809 and 796 Buy above 838 Tgt 847,856 and 866 TCS Double Top Formation in… Read More »
By: Terry Ashman If you take a long or short position in the market, the market doesn’t care what price you got in at. It doesn’t care what price anyone got in or out at. It doesn’t care about your analysis or your trading methods. The market is totally impassive. It is always right. It… Read More »
As 2011 come to an end let me share an important aspect of trading Keeping losses small in order to avoid huge losses Why is that so? From a psychological point of view nobody wants to sell at a loss as in most situations in life making mistakes and admitting them is associated with being… Read More »
By Jason Van Bergen It is simply not possible for any trader–whether amateur, professional or anywhere in between–to avoid every single loss. The disciplined trader is fully cognizant of the inevitability of losing hard-earned profits and, as such, is able to accept losses without emotional upheaval. At the same time, however, there are systematic methods… Read More »
Many people think trading is the simplest way of making money in the stock market. Far from it; I believe it is the easiest way of losing money. There is an old Wall Street adage, that “the easiest way of making a small fortune in the markets is having a large fortune.” I discuss below… Read More »
Learning to accept losses as part of the game and cutting them short is the single most important step towards becoming consistently profitable. It sounds simple, but in reality is extremely difficult for everybody. Why? Because we’ve been taught that giving up is for losers and we should fight till last breath. I certainly agree that you should not… Read More »
A compilation of Trading Quotes which will be helpful to control your emotions during trading. Read them Daily before markets starts Belive me it will helpful in removing the mental blockade which you experience during your trading. An avaricious or keen desire for profits is one of the most prevalent causes of failure in… 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 »
Nifty did a one way ride for Jan and Feb 2 weeks. One of the most spectacualr rally. These kinds of rallies have been coming and will be coming for next many many years. But important thing is were you part of this rally,If yes were you on right side ie. Long side. Most of… Read More »
Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely… Read More »