Amateur traders find trading is shortcut way of getting rich quickly, But traders needs to be aware of the stressful aspects of trading and what to do deal with them.Its inevitable a trader has to experience this stressful time in his trading career. Below we have discussed stressful situation experienced by traders and how to… Read More »
Being a trader is easy. All you have to do is to open an account, deposit some money and then you can start buying and selling currencies, indexes, commodities, stocks and more. However, when are you ready to become a professional trader and do nothing but to trade all day long? 1. Capital With… Read More »
Confidence is trait which a trade needs to develop to make money on consistent basis.Trading success is achieved when trader is able to execute trades confidently and overcoming trading emotions. Traders can develop confidence in long run when they have a back-tested strategy on whom they trust without any doubt, a trading plan to work… Read More »
One of the most successful trait of Professional traders have is ability to control their emotions. So Lets discuss today how an amateur traders can also acquire skills to control their emotion in the heat of moment when quick decision needs to be taken during trading . Use Your Brain I definitely think every trader… Read More »
Day trader vs professional trader. Rules are what separate a day trader from a professional trader. The only good time to break a rule is never. Barriers are made to be broken not rules, you can have one or the other not both. The most important rule. A trader must create their own rules. They… Read More »
“My work has gotten better due to simplifying my approach,” John J. Murphy Murphy said he relies heavily on five or six “useful” technical indicators, including relative strength indicators, trendlines, moving averages, Bollinger bands, classic chart patterns such as triangles and double tops, and Fibonacci retracement levels. “You must trade a combination of technical signals,… Read More »
Day trading is not an easiest job to do,There have been studies to prove that only 10% day traders actually make money. 7% of those day traders are breaking even and 3% are the traders that are actually making money. Let me share my experience what qualities a trader require to be a professional day… Read More »
May Expiry is coming to an end, Have a look at your ledger and see were you able to make profit for the series. If yes Well and Good If no ask yourself the following questions: 1. Do I treat my trading like a business? Have I prepared for it the way I would for… Read More »
Yesterday I gave my analysis on United Spirits, Buy call got stopped out and Sell achieved the target but few traders called me yesterday, “Bramesh Sir, I am still Holding Long in United Spirits as per your analysis, I was bit taken back because we got stopped out in morning trade only and trade was… Read More »
Bajaj Auto Bajaj Auto has given a triangle breakout and Bulls are trying hard to close stock over 1870 which is 200 DMA. Close above 1870 will change the long term trend of stock and will head towards target of 1930 in short term. Buy above 1870 Tgt 1887,1900 and 1911 SL 1863 Sell below… Read More »