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 a loser. That’s why most people prefer sticking to a losing position. They don’t want to be labeled a loser. So they start hoping their position will… Read More »
How much training you need depends on the job you want. If you want to be a janitor, an hour of training might do. Just learn to attach a mop to the right end of the broomstick and find a pail without holes.If, on the other hand, you want to fly an airplane or do… Read More »
The Commodity Channel Index (CCI) is an oscillator originally developed by Donald Lambert, The assumption behind the indicator is that commodities (or stocks or bonds) move in cycles, with highs and lows coming at periodic intervals. The indicator is similar in concept to Bollinger Bands CCI Calculation There are 4 steps involved in the calculation… Read More »
Introduction The pivot point is the level at which the market direction changes for the day. Pivot Point trading is the most basic in trading and lots of traders use this so market finds support and resistance at Pivot Levels. Pivot Points are support and resistance levels that are calculated using the open, high, low,… Read More »
1. Anger over a losing trade – Traders usually feel as if they are victims of the market. This is usually because they either 1) care too much about the trade and/or 2) have unrealistic expectations. They seek approval from the markets, something the markets cannot provide. 2. Trading too much – Traders that do this have… Read More »
Before taking a trade how many times have you thought i will buy at bottom and sell at top. How many times have you removed your Stoploss after feeding it but removed it once price started coming near Sl. How many times have you lost all profits earned in a trade and end up being… Read More »
Trading is always a high return high risk game and it needs nimble trading approach with tons of discipline. Traders say its the Big traders who move the market and we end up making loss. Well i do not buy this reasoning. The most Important part in trading is trading discipline and trading system(Throughly… Read More »
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 »