A losing trader is in denial. His equity is shrinking, but he continues to jump into trades without analyzing what is going wrong. He keeps switching between markets the way an alcoholic switches between whiskey and cheap wine. An amateur whose mind isn’t strong enough to accept a small loss will eventually take the mother… Read More »
Trading is Buying and selling securities or commodities on a short-term basis, hoping to make quick profits.You might hear of rags to riches stories or traders boasting about the money they made in a trade. Its am exciting business but the fact is only 5% of traders are able to make money on a consistent… Read More »
Ashok Leyland Positional Traders can use the below mentioned levels Close above 91 Target 97/101 Intraday Traders can use the below mentioned levels Buy above 91 Tgt 92,93.5 and 95 SL 90 Sell below 88.8 Tgt 87.2,86 and 85 SL 89.8 BPCL Positional Traders can use the below mentioned levels Close above 365 Target 377/385… Read More »
Tickeritis is a frustratingly painful disease uniquely associated with trader doing intraday or short term trading. In 1926 Henry Harper, in a book called The Psychology of Speculation, labelled the constant need to watch the market as “tickeritis” You know you have this Tickeritis when after a trade entry each and every tick that moves… Read More »
Failure is part and parcel of trading but till a certain limit. At first if you don’t succeed, try, try again. And when you fail as a trader repeatedly fail and bust your trading account, is it’s wise to continue trading ? Long ago psychologists mapped out something called the inverted U theory of stress and… Read More »
PFC Positional Traders can use the below mentioned levels Close above 109 Target 112/114 Intraday Traders can use the below mentioned levels Buy above 108 Tgt 109,110 and 111 SL 107 Sell below 106.2 Tgt 105,104 and 102 SL 107 OIL Positional Traders can use the below mentioned levels Close above 179 Target 185/189 Intraday… Read More »
“A stock operator has to fight a lot of expensive enemies within himself.” – Jesse Livermore As Old saying says Learn from the mistake of other so as you do not have to repent again. Jesse Livermore was a pioneer in the trading world. He was one of the very first trend traders, rule based… Read More »
Every traders wants to trade Big with a well funded trading capital of at least 10 lakh but very few are able to achieve this feat. Its often said Making the First Million is the most difficult thing once achieved money will flow in your coffers. Trading small account is very difficult when compared to… Read More »
” Patience is a virtue which many talk about but few have ” The most common trait of successful and profitable trader, they are patient and wait for right trading opportunity as per their trading system. Many amateur trading never reach the professional level because they “Over Trade” . Most of newbie traders fell more… Read More »
Its all about training your mind, See the video below and try to connect with your trading. Common reasons why this usually happens The trader who is highly open to experience becomes so enamored of new ideas that his/her trading becomes skewed by the latest shiny toy. The trader lacking openness to experience… Read More »