During my Earlier trading days when I was getting trained by my Guru A common mistake I used to make is trying to mimic the “intuitive” trading styles of My Guru in order to achieve similar levels of success but used to failed miserably. I still remember very vividly My Guru used to Smile when… Read More »
Many traders who have made a career from day trading the Stock Markets will advise you that it may have not been quite as simple and straightforward as they originally expected. The draw of quick profits makes day trading a very attractive proposition. Many traders embark on their new career with the highest of expectations… Read More »
Markets have been trending last month and now as we have entered sideways market for the past few days,we are getting whipsaws in trading, resulting in losses.So how to deal with such situations and minimize the loss? The answer to the above question and for overall “good trading discipline” lies in sound money management practices.Money… Read More »
As traders, we use charts, data, and logic to analyze the market and develop a strategy or trade plan, but in the heat of the moment, emotion can often take center stage and drive the decision to enter or exit a trade. We’ve all experienced the downside of emotions –panicking and closing out a trade… Read More »
The AB=CD or ‘lightning bolt pattern‘ Harmonic Pattern AB=CD is a reversal pattern that helps you identify when the price is about to change direction AB=CD pattern is a four point harmonic pattern which may be considered the developmental basis for other harmonic patterns. A-B leg when a market is trending upwards, the first leg… Read More »
As we have extended weekend with Friday being a trading holiday spend some time in analyzing your trades and see what can we improved in your trading. Nifty has seen a rally of from 9260 to 9889 a move of almost 600 points in 3 trading session Have you ever looked back on the start… Read More »
As a Trader we are “hard-wired” to do all the wrong things till we have not trained our mind. You will always look for the easiest way to make money but unfortunate its turn out to be the easiest way to lose money. During my trading session I ask my students to sit down and… Read More »
I don’t know any trader who doesn’t struggle at times with their emotions. Likewise, I don’t know any trader who doesn’t wish that they could control their emotions better. Here’s an excerpt from an email I just received from a trader named Srinivasa: I have a problem with hesitation. Even though I have a strategy… Read More »
Trading discipline means controlling impulses and controlling emotions. When You are Trading based on emotions, loses are the Only result. But Why maintaining Trading discipline is often easier said than done. Usually the first problem arises when the markets are between market trends. Possibly you had a nice profit during a rally, but now the… Read More »
Global Markets have been in panic mode from past month has lost significant value and we have seen capitulation in market with multiple circuits both on upside and downside. With such sudden fall many traders are caught of wrong foot and now finding it difficult to cut their trading looses and go with the main… Read More »