“The market must…”, “I must make money”, or “I must trade”. The market does not have to do anything and neither do you. When you use the word “must” it is hardly ever from a position of strength. The market knows when you are desperate and will take full advantage of you. Keeping your expenses… Read More »
The cheetah, while the fastest animal on the African plain and can outrun any of the prey it feasts upon, always chooses to go for the young, weak, or sick. Once identified, he attacks with laser-guided focus and effectiveness. It is only then that the kill is most likely. That is the epitome of a… Read More »
The purpose of trading is to make money. Every action should bend to that goal. That does not mean every trade makes money. It means every trade gets to closer. If you are looking for comfort, get a teddy bear. If you are looking to be right, play trivial pursuit. If you want excitement, drive… Read More »
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 »