Characteristics of Successful Traders

1) The amount of time spent on their trading outside of trading hours (preparation, reading, etc.); 2) Dedicated periods to reviewing trading performance and making adjustments to shifting market conditions; 3) The ability to stop trading when not trading well to institute reviews and when conviction is lacking; 4) The ability to become more aggressive … Read more Characteristics of Successful Traders

AB Nuvo, IDFC and Union Bank trading plan

A B Nuvo Holding 1631 stock can bounce back to 1686/1741. Buy above 1645 Tgt 1659,1676 and 1695 SL 1631 Sell below 1621 Tgt 1604,1587 and 1550 SL 1631 Union Bank Any close above 199 stock is heading towards 212/220 in short term. Buy above 197 Tgt 200.5,206 and 210 SL 194.5 Sell below 193 … Read more AB Nuvo, IDFC and Union Bank trading plan

How to trade Nifty in RBI event

FII’s bought 2.4 K contract of Index Future worth 99 cores, 6.3 K Long contract were squared off and 8.7 K short contracts  were squared off by FII’s. Net Open Interest decreased  by 15  K contract , so FII squared off both longs  and shorts in Index futures also shorts were added almost  in 1:1.8 ratio. … Read more How to trade Nifty in RBI event

How to Plan Trading Objectives

To make money every trade. At first, I did not have the ability to make money every trade.  After I had the ability to make money on most trades I realized it was a horrible objective.  If you want to make money on every trade you are always waiting.  You can never take that much risk … Read more How to Plan Trading Objectives

Arvind,Adani and HDFC positional trading

Arvind Any close above 300 stock is heading towards 322. Buy above 300 Tgt 301.5,305 and 312 SL 297 Sell below 294.5 Tgt  291,285 and 280 SL 297 HDFC Any close above 1042 stock is heading towards 1076. Buy above 1040 Tgt 1045,1055 and 1066 SL 1037 Sell below 1034 Tgt 1028,1023 and 1015 SL … Read more Arvind,Adani and HDFC positional trading

Bank Nifty Weekly Outlook for 29 Sep – 01 Oct

Last week we gave  Nifty Chopad level of 16200 and Bank Nifty did 3 target on downside. Lets analyze how to trade in as RBI policy is coming on 30 September Bank Nifty Hourly Bank Nifty hourly charts broke the support zone of 15450 saw a decline till 15200 odd levels and closed above this … Read more Bank Nifty Weekly Outlook for 29 Sep – 01 Oct

Nifty Weekly Outlook for 29 Sep – 01 Oct

Last week we gave  Nifty Chopad level of 8100 and Nifty did 3 target on downside rewarding trend followers by 179 points, Coming week has only 3 trading days so trading will be limited, S&P upgrade was a big positive for India and Our PM meeting Obama will be keenly watched by market so market … Read more Nifty Weekly Outlook for 29 Sep – 01 Oct

The Human Psychology behind Day Trading

Market has been Topsy turfy in past 4 trading session and we have a long trading weekend coming ahead which should be used by traders in productive manner to improve trading, Let me discuss a real life incident of my student how he was afraid of trading and how after going through the training he … Read more The Human Psychology behind Day Trading

Trading – a game of probability

A big part of trading is a probability game. The market can move any directions and many times against all logic and fundamentals for a period of time.An edge in trading is the ability to have winning probabilities on your side. Most people cannot distinguish between luck and skill when it comes to forecasting the … Read more Trading – a game of probability