Today I am writing about one of the most asked questions. Most traders face this situation. Only very few take necessary steps to rectify it. Query : After making huge losses, I am putting my money again in trading. It is painful to get loss, Every time I get loss, I panic, still I am adding money to capital and trade. It affects my peace of mind. What to do?...
Every expert trader was once a newbie trader. Every Pro trader was once losing money consistently. And everybody starts trading with zero experience. Why very few only become a successful trader? How a person approach trading decides it. If you want to swim, you know very well theory knowledge wont help, only experience helps you to swim. Someone will instruct...
Trading is one of the most glamorous businesses. Why it attracts so many? Why people jump in to trading without any second thought? Any profession needs certain education, specialized degree in it to succeed. In trading anybody can trade if a person has money, demat account, internet and computer/mobile. Unlike other jobs trading don’t need any job interview. You...
Once a newbie trader becomes an experienced newbie trader with knowledge, why he is still struggling in trading? With good trading strategies, good trade setups, and technical knowledge about indicators, he will be trading with confidence. But why he is not having confidence? I will explain two important factors here. First one is the expectation of holy grail...
Query : How much capital is needed to trade? This is one of the most frequently asked query from new traders. I have seen people who have the opinion, “50 Lakh or one crore capital make trading safe & secure”, “only people who have capital more than 50 Lakh only earn money from trading” etc. Its true that without capital we cannot start any business. Its also true...
Leveraged trading allows even small retail traders to make money trading different financial markets. With a borrowed capital from your broker, you can empower your trading positions. The broker gives you a multiplier x10, x50, x100 (or other) referring to the number of times your trading positions are enhanced. Brokers offer leverage at a cost based on the...
The Pyramid showing how successful traders identifies their strength in the world of professional trading. Numbers may not be the perfect one but the idea behind this pyramid is to understand that most people spend most of their time in finding the best strategy which we know that does not exist. Strategy : - The top of the pyramid is strategy, which is really...
When to Stop Trading? We have spoken up to now about when to stop trading on a particular day. However, it is important to know if you should stop trading altogether – in other words, quit. It is not simple to find the right time to quit because often people quit when the going gets tough, but this may be just before success arrives. However, there are times when...
Professional Price action trader's analysis will be from higher time frame to lower time frame. Higher time frames like Monthly, Weekly, daily, 4Hour are acts as Major Supply & Demand levels for any script. Lower time frames 1Hour, 15min, 5min are used to enter the market. In the chart of USOIL, I have mentioned the major Supply & Demand ranges in line and...
Background: Kindly see my Asian Paint Short Trade Idea (Linked Below). Asian Paints was making Lower Lows and Lower Highs and was moving towards its long-term trendline. Hence, I was eyeing a short opportunity in this trade. However, my entry and exit were not great. So I have analyzed different entry techniques (credit to Franklin O. Ochoa - PivotBoss): My...
Conclusion :- 1. Trailing stop loss is an order that locks in profits as the price moves in your favor. 2.You can trail your stop loss using: Moving Average, Average True Range, percentage change, market structure, and weekly high/low as well . 3. Investors uses above way to ride the trend till the last, & enjoys profits 4. as a investor you can ride it with...
Partial Profits at different levels using "qty_percent"
There is a big difference between successful traders and amateur traders. Successful traders know how to allocate capital, calculate their risks, and move on after losing money. Ultimately, it is not what the trader knows, but who he is. The consistently profitable traders can ignore or subvert their natural tendencies to do what feels comfortable, and instead, do...
Breakout Retesting, can be added with strict SL1568 (2ATR)
Approach your trading as a business. I know it sounds a little cliche, but if you approach your trading in this way you will start to build in a level of accountability for not only yourself but also your time. In any business, there needs to be a breakeven point and a point at which the business starts to show a profit for it to continue. By approaching your...
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...
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NSE:NIFTY has dropped more than 10% since 03-June-19 and the sharp fall will definitely provide long term investors and institutions a buying opportunity. The chart shows the zones which the the market could potentially react from. Technical analysis or market timing is not the only key methods to successfully trade or invest, its a combination of pre-defined...