It is important to “follow what the market is currently doing as opposed to following what one might personally think the market should do.” As he said, “Every man has a right to his opinion, but no man has a right to be wrong in his facts.” Bank Nifty Bank Nifty has achvied its trendline… Read More »
I believe that one of the most important qualifications for a successful trader is “POISE”, which to me is defined as stability, a well balanced person with dignity of manner – as it relates to the stock market.A poised person is a person who can handle their hopes and their fears in a calm manner.… Read More »
We all need to be disciplined along with using good money and risk management skills, yet too much of anything can cause problems. Sometimes we put so much attention on caution to ensure that we only make good trades that we reduce our actions to the point that we miss so many strong trading opportunities.… Read More »
When putting on a trade, enter it as if it has the potential to be the biggest trade of the year. Don’t enter a trade until it has been well thought out, a campaign has been devised for adding to the trade, and contingency plans set for exiting the trade. Bajaj Auto Bajaj Auto… Read More »
Bank Nifty Bank Nifty is unable to close above 9200 which is short term resistance signifying selling pressure is coming. Fresh longs shall be taken above 9275 only.Bank Nifty on lower level have support at 8940. Shorts can be taken below 9130. Sell below 9130 Tgt 9054,8975 and 8938 Buy above 9175 Tgt 9273,9333… Read More »
I realized that every time I had a loss, I needed to learn something from the experience and view the loss as tuition at the College of Trading. As long as you learn something from a loss, it’s not really a loss. Stop looking at losses as problems and start viewing them as opportunities to… Read More »
The market does not care how you feel. It will not prop up your ego or console you when you are down.Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears and failures, you will not succeed. Trading is not… Read More »
ICICI Bank ICICI Bank has been falling relentlessly from highs of 935 to low of 710. Yesterday’s session stock showed a good upmove of 4% and breaking out of downward channel. Stock looks ripe to touch the lower end of falling trendline at 792. In Bear Market Stock which fall the most are the… Read More »
You can succeed in trading only if you handle it as a serious intellectual pursuit. Emotional trading is lethal. To help ensure success, practice defensive money management. A good trader watches his capital as carefully as a professional scuba diver watches his air supply. Bank Nifty Bank Nifty has been trying to close above its… Read More »
GOI has approved FDI in retail sector a big move towards liberalization and reform. The government paralyses is coming to an end. All Retails Stocks Like Pantaloon,Shopper Stop will be in focus today. Cabinet today cleared the bill to increase foreign direct investment to 51% in multi-brand retail and 100% in single brand. As per… Read More »