We generally talk about breakdown and breakout confirmations. I have tried to present what confirmations actually are and how they are traded. Some traders use indicators for confirmations, but in this post i have discussed confirmations based on price action only. Same strategy can be used for breakouts. Notes on the chart. Hit like/comment for better...
Two common events occurs in Stock market. Gambler's Fallacy & Revenge Trading. Known to us as "Psychological Trading Mistake". All detailed on chart. Try to express in one slide, though not possible a chapter in a slide. Some demerits may be there. Sorry in advance for that.
Hello traders, Although trading psychology is a vast subject and it is impossible to cover it in one slide yet I have tried to cover some of its most important aspects. Hit Like/Comment if you think this post can be useful. Trade Safe,Stay Healthy. Best Regards Bravetotrade
Query : "Will this stock go up? I have bought it at this price." Most of the days I get this question in different form. Answer : Not only newbie's, but also traders face this uncertainty. After buying or selling the stock they get anxious whether the price will move as per their expectation. Unless we learn to deal with uncertainty, we cant develop trading...
I can say the most asked question from newbie's and also from experienced traders is "Can you explain your trading strategy?" A trade spends more than 2 yrs(approximate) to find a trading strategy suitable for him. I use chart patterns, RSI indicator, fib levels to plan my trade. But only experience can teach when which method is applicable. My interaction with...
One of the frequent question traders ask me is what books to study to trade better. How to be successful in trading. First step to get success in any field is gaining knowledge. I am sharing the information about the books I studied. It is said that people who think they are brilliant, have high IQ level got beaten up by share market. The reason behind this is...
1. Globally known as a 'fear index', Vix is actually one of the best contrarian indicators in the world. Chicago Board Options Exchange (CBOE) which owns the Vix trademark say that since volatility (high) often signifies financial turmoil, Vix is often referred to as the investor fear gauge. The index is colloquially referred to as the fear index. 2. In India,...
"Always follow your trading plan". Every trader have trading plan. When to enter a trade, when to exit, target and stoploss. And also everybody have their own analysis skills. We can discuss with our trading friends about a script. We can discuss whether the price is going up or going down. But when entering a trade it should be based on our analysis, our trading...