The language you use as a trader can provide either positive reinforcement through honest self awareness or negative results through demeaning self talk. In other words, when discussing your trading with others or in your journal become aware of how you view yourself. Do you see yourself as an amateur, a whipping post, a loser?… Read More »
01. Try to predict the future movement of a stock, and stay in it no matter what. 02. Risk your entire account on one trade with no stop loss plan. 03. Have a winning trade but no exit strategy to get out, no trailing stop or exhaustion top signal. 04. Ask for and follow the… Read More »
In Continuation with Previous Post Step 3 – The Eureka Moment Towards the end of stage two you begin to realize that it’s not the system that is making the difference. You realize that it is actually possible to make money with a simple moving average and nothing else IF you can get your… Read More »
Trading has been a heck of a journey for me. I came in for the money at first and now after all these years I’m still in but my motives have changed, I’m in for the game. Trading has been a long journey of self discovery for me, something I never even thought I would… Read More »
Trading can be a lot like gambling if you let it be so. Some of the best traders in the world are also great poker players, but there’s a big difference between how you trade and how people gamble. How can trading be gambling? What I’m talking about is the average trader out there that… Read More »
When I have a string of losses I pause and reflect and ponder if it is me trading badly or just the market environment not being conducive to my trading method. Here are 10 questions we will do well to ask ourselves at times when we seem to be out of synch with the market.… Read More »
DLF Buy above 193 Tgt 194.8,196 and 199 SL 191 Sell below 190 Tgt 188.5,186 and 182 SL 192 REC Any close below 267 stock is heading to 254 odd levels. Buy above 273 Tgt 277,283 and 286 SL 271 Sell below 267 Tgt 263,260 and 257 SL 270 BHEL Unable to close… Read More »
If you’ve been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn’t seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can’t… Read More »
During one of my trading session, a student told me “Sir I am a small trader , I make good money in trending market but when market goes sideways/choppy i lose my profit and most of my trading capital”. I asked him, Do you know the difference between trending and choppy market, He said… Read More »
Hindalco Positional traders should look for close below 177 for short term target of 165. Intraday traders can use below levels to trade Buy above 181 Tgt 183,185 and 189 SL 180 Sell below 176 Tgt 173,170 and 168 SL 179 CIPLA Intraday traders can use below levels to trade Buy above 443… Read More »