I keep Blue Channels turned off while trading. I do not care about others opinions I care only about price and chart action. I do not try to predict, instead I trade in accordance with the chart. I am not trying to prove I am right I am trying to make money. I am not… Read More »
Your biggest enemy, when trading, is within yourself. Success will only come when you learn to control your emotions. Edwin Lefevre’s Reminiscences of a Stock Operator (1923) offers advice that still applies today. Caution Excitement (and fear of missing an opportunity) often persuade us to enter the market before it is safe to do so. After a… Read More »
1. The four trading fears 95% of the trading errors you are likely to make will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table – the four trading fears 2. The proverbial empathy gap You may already have some awareness of much of what you need… Read More »
Anything can happen. Does not need to know what’s going to happen next to make money. Random distribution between wins and losses for any given set of variables that defines an edge Edge is nothing more than an indication of a higher probability of one thing happening over another Every moment in the market is… Read More »
There is a big difference between a trader and a gambler. Many people think they are traders when they are really just gamblers that could get better odds in Las Vegas betting on the roulette wheel than what they get in the Stock markets. The difference between a trader and a gambler is similar to… Read More »
Adani Adani is near very crucial level of 411, Any close below it stock is heading towards 398/390 . Holding 411 bounceback till 432 is on cards. Buy above 424 Tgt 430,441 and 450 SL 421 Sell below 416 Tgt 411, 407 and 398 SL 421 Adani Port 254 is laxman rekha for Bulls… Read More »
Most people jump into the stock market expecting instant, grandiose results that are not realistic. Sorry to burst your bubble, but trading success is a marathon, not a sprint! For a lot of people that is hard to hear. They don’t want to train, they don’t want to get out of their comfort zone, they… Read More »
With the Indian Union Budget to be presented on 10 July , and as discussed in previous post Nifty remains in a wide range so there is an opportunity to trade in Nifty Options And the opportunity could turn out to be quite promising. Which will be market direction post budget we do not know… Read More »
Bharat Forge Close below 631 stock is heading towards 610. Holding and closing above 644 short term target comes at 665 and 689. Buy above 640 Tgt 647, 655,663 and 674 SL 637 Sell below 632 Tgt 623,615 and 610 SL 637 Sesa Sterlite Buy above 300 Tgt 304,307 and 310 SL 297… Read More »
Amateur Trader accumulate information, learn- buying books, asking questions, maybe going to seminars and researching what really works in trading. Amateur Trader begin to trade with our ‘new’ found knowledge. Amateur Trader make profits only to give it back very quickly and then realize may need more knowledge or information. Amateur Trader accumulate more information.… Read More »