While trading is a game of math, probabilities, charts, and earnings it is also a mind game. Many times a trader’s beliefs will determine their success more than anything else. All traders start out believing it is possible to make money in the markets. Many want to earn their living one day by trading. However… Read More »
1. FII sold 4693 Contracts of Index Future,worth 133 cores with net OI decreasing by 12451 contracts. 2. As Nifty Future was down by 51 points and Open Interest in Index Futures decreased by 12451,so FII booked profits in longs of Nifty Future and Bank Nifty.Zoom in from start of October Series FII net Open… Read More »
Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader. Axis Bank Axis Bank came with good set of number. Stock took support at crucial level of 1110 which shows… Read More »
Don’t think about what the market’s going to do; you have absolutely no control over that. Think about what you’re going to do if it gets there. In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there’s nothing more… Read More »
Using money you can’t afford to lose – Usually, a trader is pinning his/her last hopes to make money. Traders fear “losing” the “last best opportunity”. Self-discipline is quickly forgotten but the power of greed drives them, usually over a cliff. Here, the rewards are given more attention and overall personal financial risk is ignored. Biocon… Read More »
In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow… Read More »
Having self-discipline is having the ability to follow through on your plans and goals. Often times we get tugged in various directions and enticed by making choices that don’t help us along our path to our goals and fulfillment. “The path of least resistance is what makes all rivers and some men crooked.” – Napoleon… Read More »
Forget about predicting and thumping your chest with pride when you are right. If you think you are smarter than the net total of all participants in the markets then good luck. Money is made by going with the flow of the market until the flow changes. Your job is to find ways to actually… Read More »
Getting high after a huge win – These traders tie their self-worth to their success in the markets or by the value of their account. Usually, these folks have an unrealistic feeling of being “in control” of the markets. A huge loss usually sobers them up pretty quickly. It’s important to maintain emotional restraint after wins,… Read More »
Self-discipline is the ability to make the conscious choice (ultimately it becomes a habit) of doing the thing that will move you towards your goal – and sometimes it’s the hard or unnatural or unpopular thing to do. It’s foregoing instant gratification for the longer term objective. Typically, however, people operate on autopilot and this… Read More »