Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House Any quick drive through Las Vegas makes it pretty clear who is rolling in the money – the Casinos! Why do gamblers keep going back despite losing most of the time? Misplaced hope, fantasies about the big win, promising themselves they… Read More »
M&M Buy above 1225 Tgt 1230,1238 and 1251 SL 1220 Sell below 1215 Tgt 1208,1195 and 1186 SL 1220 Bharat Forge Buy above 723 Tgt 729,740 and 754 SL 720 Sell below 716 Tgt 707,700 and 693 SL 720 Kotak Bank Buy above 977 Tgt 987,1000 and 1026 SL 974 Sell… Read More »
Arvind Buy above 213 Tgt 216,219 and 225 SL 211 Sell below 210 Tgt 207,203 and 199.5 SL 212 Bank India Buy above 285 Tgt 288,292 and 296 SL 283 Sell below 280 Tgt 277,272 and 268 SL 283 Bharat Forge Buy above 715 Tgt 722,733 and 752 SL 710 Sell below… Read More »
Put a trader in a group of non-traders and the conversation will inevitably turn to gambling. At a recent family gathering I was asked about my share trading by an interested (or polite) family member, to which I responded with my usual cheery, ‘Good thanks!” I had just mentioned that we were planning on selling… Read More »
What is Risk? Risk is exposure. In trading, risk refers to exposure to the price changes of a stocks/index. Often, risk makes people wary of trading stocks, commodities, or currencies. It is true that risk is an integral part of every trade. In other words, there is no such thing as a “risk free” trade.… Read More »
As people get into this great business of trading, many are exposed to a heck of a lot misinformation. So, that being said, let me lay out what I truly believe are the 5 keys to a profitable trading methodology: Reliability. This basically means at what percentage of the time do you actually make money? … Read More »
HUL Closing above 646 short term target 665, else 631/623 on cards. Buy above 645 Tgt 648,653 and 660 SL 642 Sell below 639 Tgt 635,631 and 626 SL 642 HDFC Bank 843 needs to be watched on closing basis, Closing above it stock is heading towards 860, and below it 833/820 on cards.4… Read More »
They trade too much. A major edge small traders have over institutions is that we can pick our trades carefully and only trade the best trends and entries. The less I trade the more money I make because being picky is an edge, over trading is a sure path to losses. Unprofitable traders tend… Read More »
Biocon Buy above 520 Tgt 525,532 and 545 SL 517 Sell below 512 Tgt 505,500 and 492 SL 517 Glenmark Buy above 578 Tgt 580 ,583 and 590 SL 574 Sell below 573 Tgt 570,567 and 564 SL 575 Century Textile Buy above 634 Tgt 641,655 and 663 SL 630 Sell below 625… Read More »
How you prepared for the day/week: What was your market preparation? What research did you conduct or consume? What did you read? What conversations did you have, and with whom? How did you eat? Sleep? Exercise? Prepare yourself mentally? * How you generated your trading ideas: Where did the ideas come from? What was the process… Read More »