Not having a plan. Get a plan, who cares if it is bad, start with something. You can build off of it and refine it. You have to be willing to spend the time to make the plan yours. You do not start anything without some level of planning. Trading is hard; your brain spends… Read More »
1. FIIs bought 10582 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 275.90 cores with net Open Interest decreasing by 9094 contracts. 2. As Nifty Future was down by 5 points with Open Interest in Index Futures decreasing by 9904, so FIIs again booked profits in shorts created in Nifty and… Read More »
Tata Steel Tata Steel is near an important support of 360 which is neckline of Head and Shoulder pattern also.online equity tips Sell below 366 Tgt 363.5,362 and 360 Buy above 368 Tgt 370,373.5 and 375 Below 360 Head and Shoulder pattern target comes to 320 Reliance Infra Stock is trading in a channel… Read More »
Traders who need to make money “right now” will trade more aggressively not realizing that the market will do what it wants when it wants regardless of the sand left in the hour glass. I don’t know about others but I would much rather chase three turtles than one rabbit any day. Slow and steady… Read More »
Discipline problems typically begin with experiences of frustration. Frustration is a function of not meeting goals and expectations. Many times, traders try to adopt psychological strategies for combating frustration. These can be helpful, but they don’t get at the root of the frustration problem. If we do not set challenging, but feasible goals, we cannot… Read More »
I’d argue that those who have a difficult time taking a break from the trading world and thus the accompanying stress are also poor managers of risk. Having risk in the market is a given. Not having discipline to manage that risk is where they fail. We’ve all had that gut feeling that X is… Read More »
“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better… Read More »
You always want to be careful to ask yourself those questions that will get you where you want to go? “How can I become a better trader?” “How else can I become a better trader?” are both good questions. Never ask yourself toxic questions such as “Why do I always lose?” Worse still, “Why am… Read More »
1. FII bought 8090 Contracts of Index Future,worth 236.01 cores with net OI increasing by 78396 contracts. 2. As Nifty Future was up by 36 points and Open Interest in Index Futures increased by 78396,so FII covered shorts and initiated fresh longs in Nifty Future and Bank Nifty.An important point to note today’s traded contract… Read More »
Anyone who enters the financial markets expecting to be right on most of their trades is in for a rude awakening. If you think about it, it’s a lot like hitting a Four runs in Cricket — the best players only get hits 30 to 40% of the time. But a good player knows that… Read More »