What Does A Mechanical Trading System Mean? What Does A Discretionary Trading System Mean? We have discussed about different type of trading system,Once you are able to decide what type of system suits you next is important points to include as part of your trading system. 1) Positive Risk To Reward Ratio Risk to reward… Read More »
Once there was a great king named Vishwamitra. One day he learned that there was a saint in his kingdom whom everybody adored. The name of this saint was Vashishtha, and everyone gladly touched his feet. Now, although Vishwamitra was a very great king, nobody used to come and touch his feet. People were afraid… Read More »
During my Earlier trading days when I was getting trained by my Guru A common mistake I used to make is trying to mimic the “intuitive” trading styles of My Guru in order to achieve similar levels of success but used to failed miserably. I still remember very vividly My Guru used to Smile when… Read More »
Many traders who have made a career from day trading the Stock Markets will advise you that it may have not been quite as simple and straightforward as they originally expected. The draw of quick profits makes day trading a very attractive proposition. Many traders embark on their new career with the highest of expectations… Read More »
Markets have been trending last month and now as we have entered sideways market for the past few days,we are getting whipsaws in trading, resulting in losses.So how to deal with such situations and minimize the loss? The answer to the above question and for overall “good trading discipline” lies in sound money management practices.Money… Read More »
Once young boy went to a Gurukula to learn the Vedas. He was so excited since his master was renowned and was adept at Shastras. He went to his master and thus said – “My dear Sir, I would like to learn Vedas from you”. The master immediately replied “Oh Dear Boy, it is not… Read More »
As traders, we use charts, data, and logic to analyze the market and develop a strategy or trade plan, but in the heat of the moment, emotion can often take center stage and drive the decision to enter or exit a trade. We’ve all experienced the downside of emotions –panicking and closing out a trade… Read More »
Most aspiring traders think you learn a trading methodology, master trading psychology and work on risk and money management and they will become successful trader. The fact is, things aren’t that easy. Understanding and listening to the markets and working on your trade execution is the Key here to be successful. Trading had 90% failure… Read More »
The AB=CD or ‘lightning bolt pattern‘ Harmonic Pattern AB=CD is a reversal pattern that helps you identify when the price is about to change direction AB=CD pattern is a four point harmonic pattern which may be considered the developmental basis for other harmonic patterns. A-B leg when a market is trending upwards, the first leg… Read More »
As we have extended weekend with Friday being a trading holiday spend some time in analyzing your trades and see what can we improved in your trading. Nifty has seen a rally of from 9260 to 9889 a move of almost 600 points in 3 trading session Have you ever looked back on the start… Read More »