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 »
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 »