Becoming a better day trader requires that you not only focus on textbook knowledge but also yourself. This is why it is so important to put some focus on trading psychology. 1. Know Your Strengths – Knowing your strengths is a crucial part of trading. It’s important to focus on what you are good at so that you may focus your attention in that area. 2. Develop...
A trading plan is your roadmap for what you are going to do in the markets. It's something that you have to create and is not optional. 1. How Many Trades will You Use to Evaluate Your Performance? - The answer to this question is very simple. Base your evaluation period on the number of trades placed and not by the amount of time passed. Time is irrelevant in...
Its said, "Knowing risk tolerance level is the key to success in trading". Let me explain this with an example. Refer the above chart. Two traders A and B saw double top formation and decided to go short. Trader A used leverage above his risk tolerance level. Trader B took trade as per his money management. Both traders went short. After few minutes price start...
RULES FOR ENTERING TRADE 1. No clarity, no trade. 2. Size the open. 3. Watch fair value. 4. Cover or liquidate trades in the pre- and Post-market; don’t open them. 5. Never use market orders. 6. Always use limit orders 7. Never chase stocks 8. Always look for confirmation among trading signals 9. Always know who the buyers and sellers are. 10. Survive before you...
Bullish sentiments on fire. A resistance range of 10929-10941 has to be broken to confirm the bearish invalidation. Upside targets would be 10985/95.
First of all, the secret or trick (whatever you want to call it) that I am going to reveal here are very rare and are not available in any book or youtube stuff. I learned trading through experience, mind my words "trading" not "technical analysis". I learned TA from books but trading -- I learnt through practice, and by practice I mean losing money :) I think no...
i will look for long side and will definitely try to go long and instead of shorts ,for this month ....
all the important levels are mentioned in chart
#BANKNIFTY for me risk reward i see good on long side , thus its better for me to go long with stop below 24800.
infy given a signal to go long on friday after a consolidation now its trying to reach again to its class ! or i must say CLASS APART!
the stock i personally feel bearish but yet just to mention levels and to remember them placing the idea here so as i can revisit and keep a check of what is going right and vice versa!
Weekly and Daily chart comparison for Bank Nifty Bank Nifty is at significant resistance levels. National and global uncertainty mentioned in the chart could lead to consolidation or unexpected price action. Fairly high risk when trading this week. Be careful.
Hero is to announce earnings today... Renko and Linew charts are showing pessimism. Perhaps the big players know something that retail traders do not know.
Biocon earnings are on tomorrow. Renko Daily & 4hr Added an up Brick (green). this could indicate that the big players are set to send the price up. Renko going up on before news (earnings) and an event (expiry) despite the sight increase in ATR 14 is often an indication that the big guys know something positive about Biocon. Observe but trade only if convinced....
Nifty should have corrected few days back. But it appears that Market Makers may not allow Nifty correction. Renko charts (ATR 14 based) in Daily, 1hr, 30mion and 15min are solidly in the green. This could indicate an approx 80% chance that the market may continue to rise a bit tomorrow. Best not to trade in the index till after expiry.
i am analysing the price action in the range it has formed now. series of pinbars at the bottom of the range of 130 and then 14% gain in two days followed by two days price running around that price forming pin bars and then third day collapse like building to the bottom and 4 days of price recovery at the bottom and again 14 % of s gain, if someone would...