1). Preparation Professional Trader #1 priority in trading is risk managment. Professional Trader believes that once you get your trading system and position size in place you must use the amount you will risk on each trade to determine your risk of ruin. His point is that if your risk of ruin is not zero… Read More »
Indusind Bank Buy above 585 Tgt 589,593 and 601 SL 580 Sell below 576 Tgt 572,568 and 562 SL 580 United Spirits Closing above 2495 stock is heading towards 2584/2639 Buy above 2495 Tgt 2521,2550 and 2584 SL 2484 Sell below 2465 Tgt 2430,2410 and 2375 SL 2484 Voltas Closing below 220 stock… Read More »
*Everyone has a stop-loss level: For some, it’s a price; for others, it’s a pain threshold. * It’s not stress and emotion that get in the way of trading; it’s the stress and emotion that results when trading becomes personal: about you, rather than about supply and demand. * The measure of a trader is… Read More »
In this article, we attempt to look at the psychological elements of trade, risk, and money management as presented in the Successful Traders research series. The goal of trading is to make money by forecasting future price movements.This is inherently difficult because, as human beings, we cannot tell the future. Surely many new traders analyze… Read More »
IDFC Buy above 129 Tgt 130,131.5 and 132.5 SL 128.3 Sell below 127 Tgt 126.2,124.6 and 122.5 SL 128.3 Idea Buy above 134.5 Tgt 135.8,137 and 138.4 SL 133 Sell below 133 Tgt 131.8,130.4 and 128 SL 134.4 Titan Titan is in impulsive wave short term target come 364 and 377… Read More »
Lupin Closing above 1010 stock is heading towards 1021,1042 and 1076. Buy above 1010 Tgt 1015,1021 and 1027 SL 1004 Sell below 1003 Tgt 998,992 and 980 SL 1008 Federal Bank Buy above 133 Tgt 134.3,136.5 and 139 SL 132 Sell below 130 Tgt 128.6,127.2 and 125 SL 131 Hero Motocop Close above… Read More »
Larsen and Tubro Close below 1648 stock is heading towards 1597, Close above 1686 short term target comes at 1741 Buy above 1660 Tgt 1673,1689 and 1713 SL 1650 Sell below 1648 Tgt 1634,1611 and 1594 SL 1655 Century Textile Buy above 538 Tgt 542,550 and 562 SL 534 Sell below 528 Tgt 522,516… Read More »
“Good fortune is what happens when opportunity meets planning.” —Thomas Jefferson “Reduce your plan to writing. The moment you complete this, you will have definitely given concrete form to the intangible desire.” — Napoleon Hill “He who fails to plan, plans to fail.” However you want to look at it, or whomever you may want… Read More »
Must read for every kind of trader. Enjoy your weekend! What separates the 10% that make money from the 90% that don’t? 10,000 hours. The key to success in any cognitively complex field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours. 10,000 hours equates… Read More »
Structure your position sizes and stop losses in trades so that if you are wrong you will not lose more than 1% of your trading capital on any one trade. Reducing your risk per trade to 2% of trading capital would be a huge… Read More »