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 »
May Lord Ganesh bring you and your family Lots and Lots Of HAPPINESS,LOVE and PROSPERITY… Market never like Surprises and if they come it will factor in keeping worst case scenario in mind. UPA government is under minority with Mamata Banerjee deciding to withdrew her part support. Now UPA is depended upon Mulayam Singh Yadav and… 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 »
Retail stocks will be in limelight in today’s trading session after Indian Government allowed FDI in Multi brand retail. Stock will be opening with huge gaps but still we can find trading opportunities. Lets jump into technical of Pantaloon Retail, Provogue India,Shopper Stop Pantaloon Retail Pantaloon Retail will be in limelight tomorrow trading session.Stock… Read More »
Adding to a losing position – Also known as doubling, tripling, quadrupling down, typically, this means that the trader does not want to admit the trade is wrong. The trader’s ego is at stake as the trader is hoping the markets will “work in their favor”. If you are wrong, you have a near 0% chance… Read More »
Faith in your system = Belief through back testing + Experience of winning with it for years Whether any individual trade is a winner or loser should not influence your faith in your system and trading method. You should trade in a way that each trade is just one trade out of the next 100.… Read More »
Kotak Bank Facing a trendline resistance at 559. Buy above 559 Tgt 563,568 and 574 Sell below 549 Tgt 544,538 and 527 LIC Housing Finance Support at 200 DMA@234 and resistance at 247.4.Breakout above 247 will take the stock to 20SMA@252 Buy above 248 Tgt 250,252 and 254.35 Sell below 242 Tgt 240,236… Read More »
Voltas Pennant Formation with support emerging at 200 DMA,Breakout above 111.2 and breakdown below 105 Buy above 111.2 Tgt 112.4 and 114.2 and 115.7 Sell below 109.9 Tgt 107.4,105,104.2 and 102.9 Educomp Educomp made a new 52 low yesterday at 152 and short covering rally,On medium term break of 152 opens gate till 99… Read More »