80% of trading is behavioral, maybe only 20% is based on the other things that a trader does. Like much of personal finance it is not the math but the behavior that makes all the difference. Most people’s problem with being broke does not lie in their budget it is due to their behavior of… 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 »
Today lets discuss stock market trading systems called larry williams OOPS trading System which can be used for pattern applicable on ALL time frames, 1 minute, 5 minutes, hourly, daily, weekly, monthly or yearly stock market trading systems History: Back in 1979 Larry Williams published a description of a short-term trading method that is based… Read More »
During my interaction with traders during my trading course,I came to know most of traders who loose money will keep changing their trading system the day it give them a loss. Till its milking money traders stick to it, but if 2-3 trades goes wrong they will keep the trading system on back burner and… Read More »
When trading you should maintain a businesslike attitude and take your investment seriously. There are common bad habits that can prove severely detrimental to your trading account and every trader should do his or her best to completely avoid committing them. 1. Unreasonable Expectations Most of you have heard stories of traders from Rs 50000… Read More »
Trading is difficult. Of the many that try, few realize enduring success. 90% are pure losers, It taken at least 5000 hours of screen time to be a successful trader, mind you its just one of the requirement of many you need to evolve yourself as successful trader. If you can work tirelessly, wait long… Read More »
Asian Paint Positional/Swing Traders can use the below mentioned levels Close above 900 Tgt 932/953 Intraday Traders can use the below mentioned levels Buy above 900 Tgt 906,913 and 920 SL 895 Sell below 893 Tgt 889,882 and 872 SL 897 Arvind Close above 288 Tgt 305 Intraday Traders can use the below mentioned… Read More »
Futures volume and Open interest are significant factors to monitor when trading Futures and Options. Let’s Understand the two terms in Detail Open interest is the total number of futures or options position which have not been closed.It is an indicator of the depth or liquidity of a futures market, which influences the ability to… Read More »
Holding on to losing trades and getting rid of winning trades. Here we go again: the old but I dont like to lose argument. Its human nature to hold onto losses in the hopes that they will rebound. You will have losing trades; get used to that fact. Focusing on how you manage loss rather… Read More »
Every traders goal is to set himself apart from the crowd and avoid losing money. As the famous 90 Rule 90% of trader losr 90% of capital in 90 days. To be a consistent in trading, avoid making the following mistakes. 1. Looking for a Perfect System. Traders who skip around from one method, system,… Read More »