Nifty did a one way ride last 6 months from low of 6825 till recent high of 8723. One of the most spectacular rally seen in recent time. These kinds of rallies (2006/2007/2014) and falls have been coming and will be coming for next many many years. But important thing is were you part of… Read More »
Over many years of trading, I’ve found certain principles to be true. Whenever I find myself under stress, when market whipsaw me, I pull out these basic trading principles and review them. Don’t Try to Predict the Future When I started trading I used to think that there were experts and geniuses out there who… Read More »
Why do most fail? No Passion for Trading When people come into the world of trading many think that they only need to learn a strategy and follow the rules of that strategy. And, there are some people who actually do this for awhile. The problem with those who do not first get a good… Read More »
Emotions have no place in trading, especially for day traders as their holding period is for few hours only. Most of traders are searching for Magic Indicator or Holy Grail which will lead the desired results and will never cause any loss to them. But in Reality No matter what technical indicator or stock trading… 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 »
With my Experience as Trader and also as I ahve discussed many time TRADING IS DONE VIA SUB CONSCIOUS MIND , My GURU emphasized on me NOT to use the below Words when am doing my technical studies or trading as they become road blocks for becoming a Successful Profitable trader. “The market should have”… Read More »
In Continuation with Previous Article Are you a “News” Based Trader or Price action Based ? With the Drama over Fed Rate Hike coming in next few days most of Traders will become obsessed with news events. They get sucked into a ‘black hole’ of staring at economic news calendars from their broker or elsewhere… Read More »
In Continuation with Previous article What to Include in Successful Trading Plan Keep good records Good traders always want to know why and how they win or lose a trade. Keeping good records helps you recognize what goes into a successful trade. They also prevent you from repeating mistakes. Your trading records should contain the… Read More »
Do your homework You can’t expect to successfully trade in a vacuum. Therefore, before the market opens, be aware of what is going on around the world. What are the overseas markets doing? Also, learn what the economic or earnings data is and when that information is due out. Rather than taking an unnecessary risk,… Read More »
Stock market is “the most” wonderful place to make money “for the prepared“. And stock market is “the most hellish place” to loose money “for the unprepared”. What are you? Are you prepared? Prepared with a plan and applying yourself? The measure of your preparedness should reflect in your successes. If there is no success,… Read More »