Any quick drive through Goa Casino makes it pretty clear who is making in the money – the Casinos! Why do gamblers keep going back despite losing most of the time? Big hope of making good money in extreme short term. No Plan, Not understanding probabilities Not knowing when to Stop gambling Gambling based on… Read More »
Ashok Leyland Positional Traders can use the below mentioned levels Close above 85 Tgt 87/89 Intraday Traders can use the below mentioned levels Buy above 85 Tgt 85.8, 86.7 and 87.5 SL 84.6 Sell below 83.4 Tgt 82.5,81.4 and 80.3 SL 84 Sintex Positional Traders can use the below mentioned levels Close above 84 Tgt… Read More »
A trading plan is a set of rules, to define your trading activity. The time you sit in front of screen till the close of trade everything should be documented in trading plan. It has your entry,exit, profit booking SL levels and also your psychological strength and weakness. It can be an extremely useful tool… Read More »
Here is a sequence I observe among many losing traders Trading Day begins with uncertainty. The trader isn’t having any trading plan, Just saw global cues but not sure which way the market is going, but feels the need to make a trade. Instead of sitting back , making a plan and let the level… Read More »
In a recent survey,I held on my Twitter 63% of traders indicated that they would like to be able to trade without emotion. Is this the same for you? Would you also like to be able to trade without emotion? The reality is that you could not trade without emotion, and when you understand this… Read More »
Most professional traders trade one lot of Nifty Future for every 1.5 Lakh in their trading account. Most of Retail Traders trade one lot of Nifty Future for every 50K-60K in their trading account 90% of Retail trader blow their account in less than 1 year. One of the main reason for losing money is… Read More »
India Stock market are going through a Bull phase and is the best performing market for 2014. As market keep rising every day many traders are getting attracted towards it making fast bucks. Today we are discussing the thought process of new trader and the corrective steps which traders should start implementing before their trading… Read More »
In Continuation with Previous Article What can you do to overcome pull the trigger Stop Blaming Others: There are people who just want to find fault in others, If He Misses a trade, Make Loss, Unable to enter and exit easiest way is to start blaming market, fellow traders, any site where you are… Read More »
Source Paul Tudor Jones II: “The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. … If they are going against me, then I have a game plan… Read More »
Lets discuss the last 3 days price action in Nifty. Nifty closed below 8577 on Friday, You went short hoping to make a 100 points. Monday market continue to trade below 8577 but suddenly reversal come and it start trading above 8577. You have decided if it close above 8577 for 1 hour i will… Read More »