Trading can be a lot like gambling if you let it be so. How can trading be gambling? Many of my Students have one thing in Common “I make money in the morning, but I lose money in the afternoon.” As I sit and talk with those types of students, I often find that they… Read More »
Confidence is the most important psychological tool for the trader, Without Confidence on your abilities and trading system success in trading will be inevitable. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely and… Read More »
Continuing with my previous week article Trading Lesson Learnt From my Trading Guru I hope many traders who are trading or willing to start trading will be facing with the same dilemma and confusion so today am sharing few fundas i got from my trading guru. Use them and see the change in your trading.… Read More »
Majority of Traders who trade Stock markets know when/How to enter the trade but 95% of traders do not know when not to enter the trade or when not to trade. Trader should trade when opportunity arises based on his trading system and trading strategy. Knowing when not to trade is also a vital part… Read More »
Phases of Trade Analysis The Expectation Phase: A technical trader anticipates that a past price pattern will repeat again, so he identifies the pattern, locates a current one and determines a suitable match is present. Technical analysis is nothing more than finding previous price patterns matched with current market conditions. As the Old saying Goes… Read More »
Sybly Industries We have covered this stock in our last analysis, Stock remained in the range for 6.2-8 in past 21 trading sessions volumes have been increasing in past few sessions suggesting a breakout on cards and today finally closed above 8. Stock has seen the Highest closing in past 4 years, High made was… Read More »
Every trader who starts trading wants to trade big accounts but very few of us actually get to do this. Most traders are stuck with trading relatively small accounts not more than 5 lakhs and most of them go bust. Trading a small account requires very strict risk management and money management with strong mental… Read More »
Trading is the most difficult profession in the world, especially if you’re trading for a living. If it was always easy, everyone would be doing it and making millions sitting comfortably in their offices. No matter how simple, powerful, and proven a great trading system is, there are always going to be times when your… Read More »
In Continuation With Last Article Ranging Markets Set overbought and oversold levels based on observation of past price behavior. Go long when Detrended Price Oscillator crosses below and then back above the oversold level. Go short when Detrended Price Oscillator crosses above and then back below the overbought level. Trending Markets Only trade in the… Read More »
I am often asked during my trading sessions – how long does it take to learn how to trade ? That is a tough question to answer. The short answer is that a diligent person can learn the basics of trading in a couple months. The long answer is that it can take a lifetime… Read More »