Most of the time, you want to own the stock before it breaks out, then sell it to the momentum players after it breaks out. If you buy breakouts, realize that professional traders are handing off their positions to you in order to test the strength of the trend. They will typically buy it back… Read More »
Over many years of trading, I’ve found certain principles to be true. Understanding and using basic principles provides an anchor of sanity when trading in a crazy world. Whenever I find myself under stress, questioning my judgment or my ability to trade successfully, I pull out these basic trading principles and review them. Don’t Try… Read More »
DR REDDY DRL stock on daily chart is trading near its Fibo Fan support and any close below 2205 will drag stock to 2100 and 1974 in short term. Able to close above 2207 stock can rocket back to 2351 odd levels. Buy above 2240 Tgt 2254,2272 and 2294 SL 2221 Sell below 2184 Tgt… Read More »
Exit from your trading positions is an important quality a succesful traders needs to develop.-The exit is critical to being a successful trader. Let your winners run and your losers run out quickly. Two factors determine your exit, the Target and the Stop loss you have set on entering the trade. Today was a classic example, for trades who… Read More »
Mcleod Russel Mcleod Russel stock on daily chart is forming a perfect symmetrical triangle, Triangle breakout happens above 289 and breakdown below 275.So watch out for breakout/breakdown move. Positional target for breakout comes at 325 and breakdown comes at 254. Buy above 283 Tgt 287,293 and 298 SL 280 Sell below 276 Tgt 271,266 and… Read More »
Amateur retail traders tend to think that the professional trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit and a professional traders zeros down to the trading mindset and trading psychology.The difference between… Read More »
How do you feel when the trade you made went against you and you need to incur loss. The first thought an amateur trader will have is “This was not supposed to happen!”. There was no way it could work against you. After you have booked loss comes the most testing time for trader:Ideally a … Read More »
The Bitter truth abut trading enemy is: You are your own worst enemy in trading, as its you who make the one making decisions and your emotions are usually getting in the way and you are your own worst enemy. If you’re a trading junkie, you’re going to be reading a lot of books, taking… Read More »
Fusion MarketSite was fortunate to interview Jim Rogers, co-founder of the Quantum Fund with George Soros. Legendary investor, author and world traveler, Jim is one of the world’s most admired and respected investors in the agriculture, metals and mining, and energy sectors. Rogers and Soros founded the Quantum Fund in 1973; the portfolio gained 4200% over the following 10… Read More »
Managing the risk of ruin.Do not risk so much on any one trade that 10 losing trades in a row will destroy your account. risking 1% to 2% of your trading capital per trade is a great baseline for eliminating the risk of ruin.When you do intraday trades or positional trades keep an eagle eye… Read More »