Trading Psychology - The Cycle of Market Emotions

NSE:NIFTY   Nifty 50 Index
The majority of traders spend most of their time looking for good trades. Once they enter a trade, they lose control and either suffer stress from losses or are jubilant with pleasure. They ride along with these emotions and forget about the essential element of becoming a successful trader – keeping emotions under control. Winning traders know the importance of psychology in trading, whilst amateurs are not aware of it or ignore it.
Develop your mental framework, your psychology by reading books, attending psychology webinars, remember, trading is 70% psychology and 30% skill. If you develop your mental framework appropriate for trading, you have won half of the battle.


Nice information, almost twice trice watching this chart and where i would be one of the successful trader. Of course i believe behind 3M (Mind, Money, Market, Trading in the zone) concept follow basic simple rule where any one will become genies.

1. Let select one favorite script and watch for at least month time entire trading hours.
2. Ask yourself why is getting up or down.
3. Analysis your chart if up till what level or vice versa ensure with solid reason.
4. Try to predict a day before will be uptrend or downtrend and same could be done with by gap analysis.
5. Sometime gap analysis failure cross check with volume movement.
6. Follow the trend movement as per your analysis.

i am sure trading view giving lot of indicators which i really liked few of them from Editors choice published are really working good to predict future movement of stocks/futures 100 % working.
+20 Reply
PranamGhagare manis12345
Very Nicely explained.
+5 Reply
Ak_Gupta manis12345
+3 Reply
Thank you.
+1 Reply
jaaffersadiq manis12345
@manis12345, any indicators u can suggest bro ?
+2 Reply
PranamGhagare jaaffersadiq
I don't use any indicators, I am a pure price action trader.
+5 Reply
jaaffersadiq PranamGhagare
@PranamGhagare ji, i was asking @manis12345
+4 Reply
jaaffersadiq manis12345
@manis12345, Hi Mr. Manis, any indicators you suggest brother ?
+1 Reply
manis12345 jaaffersadiq

No Indicator will give accurate result, but it give you indication, normally i use MFI ( Money flow index) & VWMA. these two most of time accurately works for me.
+2 Reply
Mukesh8118 manis12345
@manis12345, sure dear MFI is almost may conclude with further trendlines with multuple time frame analysis for finding out good trades. thats it...
+1 Reply
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