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[16 Jul 2013 | No Comment | 474 views]
Notable Quotes from Market Wizards

Few Important quotes which can keep you going into this amazing field of trading:
Tony Saliba
“How do you lose money? It is either bad day trading or a losing position. If it’s a bad position that is the problem, then you should just get out of it.”
“Clear thinking, ability to stay focused, and extreme discipline. Discipline is number one: Take a theory and stick with it. But you also have to be open-minded enough to switch tracks if you feel that your theory has been proven wrong. You have to be …

Nifty Futures,Stocks, Forex and Commodity Technical Analysis, Trader Characteristics, trading education, Trading Psychology »

[29 Jun 2013 | 5 Comments | 1,077 views]
When To Quit Your Job to become full time trader

I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a  full-time trader. Traders who have recently entered market and made good money also plan to become a full time trader. While their optimism was certainly positive from the standpoint of eagerness to learn about a truly fascinating business, it is also probably unrealistic that they will ever make a good living as …

Nifty Futures,Stocks, Forex and Commodity Technical Analysis, personality studies psychology, Trading Psychology, trading stocks, trading stop loss, Trading Strategies »

[31 May 2013 | 10 Comments | 1,729 views]
Is It possible to make money day trading part time ?

The first attraction for someone to enter market is the fantasy world of day trading where Traders think they can make huge money on small capital taking huge leverage. The attraction of day trading is that traders can very much control their own hours. Most of traders who gets involved in day trading are not professional but most of them want to make some side income with dabbling in stocks or they want to trade part time while working in office. So now the question arises  Can Money be made  …

futures & options trading, Intraday Calls, Intraday, Swing Trading Calls in Stocks Future, Nifty Futures,Stocks, Forex and Commodity Technical Analysis, share trading tips »

[13 May 2013 | No Comment | 1,803 views]
Stocks Trading Calls: LT,ITC and Axis Bank

Axis Bank
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
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 …

Nifty Futures,Stocks, Forex and Commodity Technical Analysis, Trading Psychology »

[10 May 2013 | One Comment | 735 views]
Trading Weaknesses and How to Overcome Them

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 …

Nifty Futures,Stocks, Forex and Commodity Technical Analysis, Trading Psychology »

[3 Apr 2013 | 3 Comments | 629 views]
Benefits of Making a Trading Plan

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.

Increased Confidence

Consistent Account Growth

Avoiding Account Blow-Up

Increased …

Nifty Futures,Stocks, Forex and Commodity Technical Analysis, Trading Strategies »

[18 Feb 2013 | One Comment | 793 views]
When to Exit a Trade

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 …

Nifty Futures,Stocks, Forex and Commodity Technical Analysis, Trading Psychology »

[3 Dec 2012 | 2 Comments | 7,186 views]
Why Traders Lose Their Discipline while trading stocks/forex and commodity

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 …

Nifty Futures,Stocks, Forex and Commodity Technical Analysis, Trading Psychology »

[3 Feb 2012 | 12 Comments | 2,582 views]
Build your Trading Confidence

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 …

Nifty Futures,Stocks, Forex and Commodity Technical Analysis »

[7 Mar 2010 | 10 Comments | 25,792 views]
CAMARILLA Pivot Point

Hi All,
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 …