Bank Nifty Bank Nifty has taken support at its 200 DMA and lower trendline at 9814. Sell below 9814 Tgt 9769,9710 and 9606 Buy above 9872 Tgt 9931,10000 and 100093 Bharti Airtel Bharti Airtel buy call was given yesterday and stock made a high of 259. Stock looks overbought on hourly charts and pullback… Read More »
Emotion Management After finding a good trade and opening a position to enter the market; that’s when all hell breaks loose. As the trade is executed, control is lost and they either scream in pain or fill with tremendous joy. Emotionally-driven traders miss the key element of winning – emotion management. If your sober mind… Read More »
The losing traders have unrealistic expectations about the kind of profits they can make, typically shooting too high. They also debate with themselves before taking a trade, and even dwell on a trade well after it’s closed out. But the one big thing Williams noticed about this group was that they paid little attention to… Read More »
When you put too much of your ego on the line with your money, you may feel great when you win, but on the other hand, you may feel discouraged when you lose. When you allow your ego to enter your trading, you put subtle pressure on yourself to succeed. This added pressure could compel… Read More »
Bank Nifty Bank Nifty has been trading 10900-10350. Break of 10285 will start the gap filling process. Sell below 10345 Tgt 10285,10215 and 10170 Buy above 10525 Tgt 10595,10625 and 10699 ICICI Bank ICICI bank forming a rising wedge pattern. Sell below 910 Tgt 900,891 and 884 Buy above 928 Tgt 936,944 and 954… Read More »
Winning disrupts the trader’s emotions as much as losing – We are disrupted when we experience events outside our expectation. The method that is 60% accurate will experience four consecutive winners about 13% of the time. Traders are just as susceptible to overconfidence during profitable runs as under confidence during strings of losers. Bank Nifty… Read More »
Rule One of the professional trader is: When a stock doesn’t do what you expect it to do, sell it. No hesitating, no questions or doubts raised no conjectures of the way it should have turned out, or might still turn out, no dreams of how it will do what it was supposed to do… Read More »
Winning Trader’s Traits Calm,Disciplined,Confident,Organized,Excellent recordkeeping,Business like approach,Professional demeanor Losing Trader’s Traits Emotional,Undisciplined,Anxious,Disorganized,No recordkeeping,Wants action & excitement,Amateur demeanor Now you decide which Traits you are having and which one you need to develop. Bank Nifty Bank Nifty after long time will see green uptick on the screen with 7711 saved for the time being.… Read More »
A professional trader isolates himself from the herd and has trained himself to become a predator rather than a victim. He understands and recognizes principles that drive the markets and refuses to be mislead by good or bad news, tips, advice, brokers advice and well meaning friends. When the market is being shaken-out on bad… Read More »