Almost everyone says that discipline is a requirement to succeed in trading. But most people never talk about what really underlies that type of discipline. The answer……true self-confidence. The market can stay irrational longer than you can stay solvent and the market’s goal is to extract the most money from the largest group of people.… Read More »
Nifty is under consolidation with positive bias from past 2 trading sessions,this consolidation should not be taken as the sign of weakness as Nifty is closing successfully above 5700 with fresh 52 week high. So please do not short the market as its not moving higher wait for the signal to emerge. Its… Read More »
Using money you can’t afford to lose – Usually, a trader is pinning his/her last hopes to make money. Traders fear “losing” the “last best opportunity”. Self-discipline is quickly forgotten but the power of greed drives them, usually over a cliff. Here, the rewards are given more attention and overall personal financial risk is ignored. Biocon… Read More »
The father of the nation with the tools of truth and nonviolence, Freed our nation from imperialism, Follow path of truth and wisdom, Pay homage to this great leader on Gandhi Jayanti & always….. 1. FII bought 3254 Contracts of Index Future,worth 93.15 cores with net OI increasing by 6544 contracts. SGX Nifty is… Read More »
The six stages of a developing trader are looked at below. Stage One: The Clueless Trader This is the first stage when you enter trading. You may have picked up a book on technical analysis somewhere, heard of a day trader making millions, or got lucky in an earlier stock investment. After all, how hard… Read More »