“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 »
A common phase for newer or struggling traders is to become fixated on a particular view, possibly becoming a little too rigid in their approach. I’m not advocating a wishy-washy approach here, just pointing out that the market itself is not moved by precision and logic, but by perception and emotion. Successful discretionary trading requires… Read More »
Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool – remove one and the stool will fall, together with the person who sits on it. – ALEXANDER ELDER SBI SBI is coming… Read More »
Overtrading There are stock traders who make 150 or more trades in a single day. I am not sure they make a lot of money. I firmly believe that you can make more money by making fewer trades because it will make you focus on only the best of opportunities, and play them with a… Read More »
What drives stock prices are human reactions. Ironically, the key to successful speculation is to remove our decisions from our emotions. “Without control over your emotions, there is very little chance for profitable success in the stock market.” Larsen and Tubro LT is trading in the range of 1429-1267. Stock looks week technically but value… Read More »
Greece is back in Lime Light again with the surprise annoucment by its PM PAPANDREOU GREEKS TO VOTE ON EURO MEMBERSHIP IN REFERENDUM: PAPANDREOU. Why is this so market un-nerving news reason Being PM has asked the Greeks to vote for the the austerity measures his government has taken and Do GREEKS LIKE it or… Read More »
Winning disrupts the trader’s emotions as much as losing – We are disrupted when we experience events outside our expectation. The method that is 60% accurate will experience four consecutive winners about 13% of the time. Traders are just as susceptible to overconfidence during profitable runs as underconfidence during strings of losers. Tata Sponge… Read More »
Muhurat trading is the auspicious stock market trading for an hour and Half on Diwali (Deepawali).Today Session is from 4:30-6 PM The practice of muhurat trading has been retained and observed for ages. It is a ritual the trading community has retained with its past. It is a symbolic ritual which has been performed for… Read More »
Define your trades and your trading plan (discipline), and stick with your trading plan (self-control). The justified wins you receive from following your plan with help you develop an unwavering pattern of disciplined and controlled trading. Today is all important India Reserve Bank meeting: Markets expect the repo and reverse repo rates to get… Read More »
Nifty Daily Chart Lets first look at Which side will have maximum pain Nifty High October Series :5162 Nifty Low for October Series:4728 Middle Points of October Series: 4945(5162+4728/2) Range:434 Points So Below 4945 Bulls are in Pain and above 4945 Bears are in Pain. Nifty Current Price:5098.35 which means Bears… Read More »