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Axis bank has been trading in range of 1530-1445, from past 10 trading sessions. Break of the range below 1445 can see the stock correcting till 1370 odd levels.
Buy above 1457 Tgt 1464,1474 and 1484 SL 1452
Sell below 1444 Tgt 1434,1425 and 1413 SL 1452
ITC, which has the maximum weightage of 11.06% in the BSE Sensex index, fell over 5 per cent to register its biggest percentage drop since September 2012.Stock is heaving highest exposure of FII in Sensex stocks.Stock if breaks 334 can see another round of …
Trading is a Skill and it takes time to develop the Skill.Trading is simply like learning to drive a car, it is a skill that anyone can learn. Trading doesn’t take extreme intelligence or any superhuman gifts, it simply is hard work, just like learning to drive a car.
Any person who need to become master of a particular skill needs to work on his weakness. Same apply to trading. One advantage of trading is most of traders have the same weakness, Person needs to realize the weakness and work on …
I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written many post on how to make trading plan and we cover the same exclusively in our trading course.
Today lets discuss 3 benefits of making and executing a proper trading plan.
Consistent Account Growth
Avoiding Account Blow-Up
For a successful trade to taken place the whole trading cycle ie. Analyzing -> Entering the Trade -> Exiting the Trade should happen flawless.When such trade are done over a prolonged period of time, consistency and profitability in trading comes. Most of traders are very good in Analyzing and entering the trade but fails at the last step which is either booking profit or exiting when Stop loss gets triggered. In trading the money is not made in the entry, it is in the exit. The art of the exit …
Losing discipline is not a trading problem; it is the common result of a number of trading-related problems. Here are the most common sources of loss of discipline, culled from my work with traders:
Boredom cause a lack of focus:What market we are witnessing in October Series , Choppy market with range bound trading from 5740-5640. It makes market participants dull as market lacks volatility and excitment to give aderline rush,These are taxing times for traders and traders who are unable to contain there desire to trade pay heavy price.
Trading positions …
Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely and execute it successfully.
Often, traders fall into a mental “I know it all” trap, where they use their confidence to nurture their ego instead of using it to be appropriately decisive in their trading and …
Today i will explain one more Trading System which is known as CAMARILLA Pivot Point which will come Handy for Day Trading Purpose.
Origins of the Camarilla Equation:
Discovered while day trading in 1989 by Nick Stott, a successful bond trader in the financial markets, which uses a truism of nature to define market action – namely that most time series have a tendency to revert to the mean. In other words, when markets have a wide spread between the high and low the day before, they tend to …