Type :2 Fear of losing If you’re going to be a trader, you’re going to lose money at some point, and in case you are still in the phase of trying to avoid all losing trades and searching for a “Holy-grail” trading system with a 75% strike rate, you should forget about all that right now. As cliche as it may sound, losing really is part of winning as a trader; the...
Different types of emotions, questions, doubts arises in our mind when we see our capital depleting overall , we see a big portion of our capital is gone now ,we left with very less compare to initial capital. _________________________________ Different concussions made by different traders _________________________________ 1) They loss because of manipulator ,...
There are Four worst possible situations may happen even in a series of trades which can shake you Psychologically. ================================================== 1) After hitting your SL market straight goes in your favour --->> You know prices are not random always, the patterns, support, resistances, trend line concepts works well but for whom. ?...
The greater the difficulty, the more glory in surmounting it. Skillful pilots gain their reputation from storms and tempests. - Epictetus. Hey everyone! 👋 This week, we thought it would be interesting to dive into a less-commonly discussed topic: performance psychology - and discuss how it relates to Trading. Specifically, we're going to look at the following...
Believe me there is no such table here .... Jokes apart have you ever thought why we are not what we might be , what is that problem which is creating a difference between our potential and our reality. I think that is our belief system every emotion whether it be of fear, greed, jealousy or any other emotion. Let me explore more on the relation of belief with...
1- price action above all. 2- if you are always thinking about trade that means that trade is bad. 3- emotional & mental health is important. 4- check all time frame. 5- give your trade enough time. 6- you doesn't need to trade every day. 7- learn to plan and structure for every trade. 8- 2 hours for search for a best trade. 9- don't believe anything you read...
Query : How to control over trading? In last 4 sessions I made huge losses I keep on placing orders, once I get loss. Trading type : Intraday Trading Instrument : Index Reason : Lack of discipline & knowledge Lack of fear about money How to rectify: Trade based on well tested strategy Less or no trades on news days Targets vary depending on market...
One trade cannot make you rich, therefore it is important to not run behind every breakout trade and risk too much on a single trade. By working equaly on all the 3Ms of trading we can balance our emtions and trade effectively. Let's see how with the help of 3M framework we can trade above range breakout pattern. 1- Method Management Simple range breakout...
understanding market psychology and market structure 1] price can take pause ,rejections and acceptance at imp psychological levels -round figures, previous day high ,low ,close and pivot level. 2] 15 min hammer candle can triggers huge rally.
Query 1 : I start the day with profit, but at the end of the day I am in loss. How to avoid it? Query 2 : My profit is going to brokerages only, I am not making enough profit. How to over come it? Answer : One of the biggest causes for a trader to lose money is over trading. The emotion which causes is nothing but greed. A fearful person who hesitates to place...
RSI Divergence refers to the deviation of RSI with respect to price. Even though the price may be going in a set direction (say making lower lows), the RSI could go in a completely different direction (higher lows). RSI is a clearcut indicator of buyer strength or buyer accumulation at a specific given time and price. An RSI Divergence generally is strongly...
The above chart is that of a Weekly Timeframe. Here we can see that a Rounding Bottom is formed at the top of Reliance when it is trading at all time high. Why a Rounding Bottom is formed? A rounding bottom marks a struggle between buying demand and selling pressure that is almost equal. In the first part of the formation, the sellers overpower the buyers...
The quality of our life depends upon the quality of the question we ask. I think it's the same with trading also, successful traders ask better questions, and as a result, they get better answers. They get answers that help them to know exactly what to do in any situation to produce the results they desired. Below are the 5 questions that will help you to stay...
Queries are in the chart. When you enter/take any trade, you should know your stop loss, targets and duration to carry on with the trade. The direction of the price wont affect your capital if you have a proper plan about the trade. It will save your capital and will make you profitable in long run. No one knows how long a trend will have strength, how many...
Prologue : Trading seems to be the perfect solution in tough times. When there is no hope, trading gives easy ways to earn money. Share market looks so mesmerizing with so many good promises. Thrills everybody with its twists and turns. Who will escape from its attraction? Who dares to challenge it? For every tick, it makes the heart beat faster, making the...
As soon as we see a breakout on the chart we form a basis ( or have a belief ) that the stock will burst and go upside. We should not try to predict the market. Instead, we should wait and let the market tell whether the breakout is false or true. You can crosscheck with other indicators. I personally use PRICE ACTION data i.e. after breakout the upper trend line...
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?...
A breakout trade will work almost right away from the start, if the breakout happens with huge momentum and then you see Doji candles or hammer then there is a problem with follow-up. A bullish breakout must always be accompanied by a good follow up, else it cannot sustain. Bullish breakout needs good bullish candles, not Doji. Note-As soon as you enter a...