The losing traders have unrealistic expectations about the kind of profits they can make, typically shooting too high. They also debate with themselves before taking a trade, and even dwell on a trade well after it’s closed out. But the one big thing Williams noticed about this group was that they paid little attention to… Read More »
When you put too much of your ego on the line with your money, you may feel great when you win, but on the other hand, you may feel discouraged when you lose. When you allow your ego to enter your trading, you put subtle pressure on yourself to succeed. This added pressure could compel… Read More »
Feelings naturally appear during trading. The feelings we don’t like seem to have roots deep in our unresolved issues. Somehow they get stuck and do not finish passing through, and can cloud the judgment and interfere with trading. The feelings we do like seem to pass through quickly without much trace. I suggest getting to… Read More »
It’s important to have a plan, remain disciplined in executing that plan, and pay attention to what is actually happening rather than what you expect to happen. We try to be as objective as possible in our analyses… It’s not always easy for people who are involved every day to stay with a plan when… Read More »
Axis Bank Axis has formed a DOJI pattern with a close below 20EMA. Supply is coming from upper trendline. Sell below 1144 Tgt 1132,1120 and 1108 Buy above 1174 Tgt 1190,1210 and 1220 Bank Nifty Taking Support at trendline as shown in above chart.Break and close below 10160 will add to short term bearishness.… Read More »
When a position is getting ready to stop you out at a loss, do you find yourself bargaining with the name? Do you find your frustration level rising? Do you justify the reason for the move against you, and give it a little more room, only to get stopped out at a bigger loss? Or… Read More »
Below is my Interpretation of FII OI data Sheet for 27-Feb-12. Today was the day many bears might have rejoiced if they are still holding the shorts 😉 It was a relentless fall in recent times with no pullback coming,Another thing to note is correction always come point to point which basically traps a… Read More »
Feelings naturally appear during trading. The feelings we don’t like seem to have roots deep in our unresolved issues. Somehow they get stuck and do not finish passing through, and can cloud the judgment and interfere with trading. The feelings we do like seem to pass through quickly without much trace. I suggest getting to… Read More »
Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In “good times,” even errors are profitable; in “bad times” even the most well researched trades go awry. This is the nature of trading; accept it. To trade successfully, think like a fundamentalist;… Read More »
Infosys Limited Infy is trading at its supply zone of 2891-94. Crossing above this level can take stock to sub 3000 levels Failing to cross will take back to 2700-800 range. Sell below 2887 Tgt 2864,2851 and 2827 Buy above 2895 Tgt 2911,2930 and 2947 Larsen Larsen and Tubro has retraced 138.2% of… Read More »