Using Woodies Pivot Points as Trading Strategy As we have discussed above Pivot is the trend deciding level for a particular day so we can derive 3 basic rules for trading with pivots If the market/Stock trades above the pivot point then the bias for the day is on long side ie.Buying is advisable. If… Read More »
Source by OLIVIER Stage Four: The Squiggle Trader Stage If you don’t quit, you’ll move into the “squiggle trader” phase. Since you failed with patterns and so on, you figure there’s some “secret weapon”, a “holy grail” that’s known to the select few, something that will help you filter out all those bad trades. Once… Read More »
Equity Market traders often talk about market heading for important support and resistance where markets can show major price moves on either upside and downside. How do the profession traders come up with so called support and resistance levels? One of the method which traders use is Woodie’s Pivot Points, we will discuss how to… Read More »
Source by OLIVIER Very interesting description of how traders evolve over time. The pieces of advice Bo Yoder and Vadym Graifer give at the end of the article are spot on. Definitely worth reading as every trader worth his salt can relate to all the different stages. Enjoy. Stages of a Trader Stage One: The… Read More »
This post is a continuation of HOW YOUR BRAIN STOPS YOU FROM BEING A TRADER ( the previous post ) A lot of books have been written about the two sides of our brain. The Left Side which is the more linear, formula based, procedure oriented brain and The Right Side which understands design, symphony… Read More »
We are all numb nuts. Including me. And the best part – We don’t know that we don’t know. It’s called ‘Dogmatism’ – an unshakeable belief that we know something to be true even if we don’t. It’s difficult to accept, I know. So let me take you on a wild goose chase… Listen to… Read More »
An Engineer has to clear till 12 Class, than Clear Pre Engineering entrance test Like IIT/PET. Get into a good college he needs to again clears 42 Exams in 4 years and finally, after probably years of training and education, he gets a Job and there again he need to take training to lead bigger… Read More »
In all my years of trading and talking to fellow traders, I have noticed that retails traders suffer from mostly 3 mental blind spot which affects there trading .Hopefully, after reading this, you will be able to see them coming and stop them before they destroy your account. Being Undisciplined and Uneducated A trader who… Read More »
All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader… Read More »
Voltas Positional Traders can use the below mentioned levels Close above 330 Target 343/356 Intraday Traders can use the below mentioned levels Buy above 327 Tgt 331, 336 and 341 SL 324 Sell below 323 Tgt 320 ,317 and 311 SL 326 Century Textile Positional Traders can use the below mentioned levels… Read More »