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 »
Discipline is directly related to the bottom line of a trader’s account. The Professional Trader keeps a high focus on being disciplined and sticking to his system. He disciplines himself by constantly having the thought of making money and being positive at the end of the month in the forefront of his mind. This way… Read More »
Trading is not a sprint; it is boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win. Keep it simple. Simple time-tested methods… Read More »
Get To Know Yourself “The perfect trader-if such a person exists-is methodical and careful about making decisions, extremely disciplined, resilient to setbacks, with a high degree of internal confidence. He holds strong opinions but is also able to admit quickly when he is wrong, not take it personally, and view it as a learning opportunity… 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. Bank… Read More »
Everybody knows the four cardinal rules of trading, but so few people follow them :- Trade with the trend. Cut losses short. Let profits run. Manage risk. There is a big difference between knowing something and applying it. Most people don’t use what they know. Voltas Voltas is moving out of its oversold zone,Took support… Read More »
Position sizing is the part of your trading system that tells you how many shares or contracts to take per trade. Poor position sizing is the reason behind almost every instance of account blowouts. Preservation of capital is the most important concept for those who want to stay in the trading game for the long… Read More »
Unsuccessful Traders would rather lose money than admit they’re wrong. What is the ultimate rationalization of a trader in a losing position? “I’ll get out when I’m even.” Why is getting out even so important? Because it protects the ego. I became a winning trader when I was able to say, “To hell with my… Read More »