Charts and news are not enough to make money (Educational)Includes,
2, 6 rule
Iron triangle of risk control (How many shares to trade?)
The concept of risk control (Where to stop?)
In the markets it hardly matters how good your trading system is..
What matters is if you can count or not.
Confused? Even i was for many years before understanding the importance of Risk management in trading. There is one missing element in your trading and realizing it alone does not help, trusting and welcoming it does. Here is a small article inspired from one of the best books on Psychology and risk management.
Continue reading: tradersworld.co.in
Educationalposts
*Below 10749 DLEma, continue down fall*Today's Market Rhythm :- given below..
Day :- Technically day trend is "Down", with price staying below DLEma 10749 level.
Week :- Technically week trend is "Down",with price staying below WEma 10722 level.
Month:- Technically month trend is "Sideways",with price staying below MHEma 10822 level.
Traders can sale every positive movement.
*Nifty,resuming its rally,would face res. @ 10750/10800*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10686 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10624 level.
Month :- Technically month trend is "Up", with price staying above MHEma 10716 level.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10405-400 levels till than hold their long positions but they can book partially position up side around 10755-60 but if the nifty comes down rather than above and breaks the level of 10600-595, than also traders should book profits in their partially position.
*Holding above10610-60,prices continues towards 10675/10700*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10613 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10529 level.
Month :- Technically month trend is "Up", with price staying above MEma 10444 level.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10360-55 levels till than hold their long positions but they can book partially position up side around 10670-75 but if the nifty comes down rather than above and breaks the level of 10560-55, than also traders should book profits in their partially position.
*Holding 10545-30,Nifty would get stranth, otherwise break this *Holding 10545-30,Nifty would get stranth, otherwise break this level,Nifty would seen sharp profit booking*
Today's Market Rhythm :- given below...
Day :- Technically day trend is "Sideways", with price staying below DHEma 10586 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10529 level.
Month :- Technically month trend is "Up", with price staying above MEma 10433 level.
Trade Advice :- Traders creat fresh position for sell side, break out of 10510-500 level with 30 points stop loss for short term.
Note :- Its my personal view.
*Sideways mode would head Higher Low (10500/10472)*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10559 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10474 level.
Month :- Technically month trend is "Up", with price staying above MEma 10426 level.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10270-66 levels till than hold their long positions but they can book partially position up side around 10615-30 but if the nifty comes down rather than above and breaks the level of 10500, traders should book profits in their partially position.
UP, till prices stay above "10507/10446", targeting "10672/10706Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10548 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10474 level.
Month :- Technically month trend is "Up", with price staying above MEma 10426 level.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10270-66 levels till than hold their long positions.Traders can book partially position around 10615-30.
*Staying above 10520,It would head nifty to10615-30 & more*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10506 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10463 level.
Month :- Technically month trend is "Up", with price staying above MEma 10421 level.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10260-55 levels till than hold their long positions.Traders can book partially position around 10615-30.
Note :- its my personal view.
*Staying above 10417,(WHEma), prices would head to 10530-35**Staying above 10417,(WHEma), prices would head to 10530-35 & more*
Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10448 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10417 level.
Month :- Technically month trend is "Up", with price staying above MEma 10398 level.
When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10240-35 levels till than hold their long positions.Traders should re-buy around 10415-20 level.
Note :- Its my personal views.
*Staying above 10383 (a goldan ratio), it would head 10450-495*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10383 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10387 level.
Month :- Technically month trend is "Up", with price staying above MEma 10377 level
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10225-20 levels till than hold their long positions & if traders wants, they can add more position at around 10330-25 level for bull rally.
Note :- its my personal view.
*Some profit booking would seen, Today*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10361 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10386 level.
Month :- Technically month trend is "Up", with price staying above MEma 10356 level.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10225-20 levels till than hold their long positions & if traders wants, they can add more position at around 10330-25 level for bull rally.
Note :- Its my personal view.
*Staying above 10293,prices heading 10400-450 & more *Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10329 level.
Weekly :- Technically week trend is "Up",with price staying above WHEma 10377 level.
Month :- Technically month trend is "Up", with price staying above MEma 10364 level.
When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10225-20 levels till than hold their long positions & if traders wants, they can add more position or re-buy (which booked yesterday) at around 10300-295 level for bull rally.
Note:- its my personal view.
*Holding 10257 (DEma), prices head to 10361-10580 (W & M HEma)*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10294 level.
Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10361 level.
Month :- Technically month trend is "Sideways", with price staying below MHEma 10580 level.
When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10230-25 levels till than hold their long positions & they can book profit in partially position @ 10370-75 levels.
Today's Strategy :- "Buy on Dips"
Note- its my personal view.
*Keeping hold 10206 level, it can move 10375-450 & more*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10266 level.
Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10355 level.
Month :- Technically month trend is "Sideways", with price staying below MHEma 10574 level.
Trade Advice :- Traders can close all long position and intiate fresh Short position once nifty manages to break below 10230-25 levels till than hold their long positions.if traders wants, they can book profit in partially position @ 10370-75 levels.
Note :- This is personal views.
*Today,Holding 10077, prices move 10215-260, 10340-50 & more*Market Rhythm :-
Day :- Technically day trend is "Sideways", with price staying above DLEma 10117 level.
Weekly :- Technically week trend is "Sideways",with price stying above WLEma 10106 level.
Month :- Technically month trend is "Sideways", with price staying above MLEma 10062 level.
Trade Advice :- Traders can close all short position and intiate fresh long position once nifty manages to break above 10255-60 levels till than hold their short positions.
Note:- This is my personal views.
*Close above 10275-80, it would head 10360,10420 & more*Today's Market Rhythm :- given below...
Day :- Technically day trend is "Up", with price staying above DHEma 10210 level.
Weekly :- Technically week trend is "Sideways",with price stying below WHEma 10329 level.
Month :- Technically month trend is "Sideways", with price staying below MEma 10319 level.
When trend in all T/Fs are aligned together, holding position for more rewarding and in conflict, keep booking partially.
Trade Advice :- Traders can close all short position and intiate fresh long position once nifty manages to break above 10275-80 levels till than hold their short positions.
Note--- The information available here is only to learn
*Staying below 10279,it would head 10050,9920 & more*Day :- Technically day trend is "Up", with price staying below DHEma 10187 level.
Weekly :- Technically week trend is "Sideways",with price stying above WLEma 10111 level.
Month :- Technically month trend is "Sideways", with price staying below MHEma 10356 level.
Today, Trade Advice :-
Traders should short @ 10270-75
SL- 10290-95
Tp - Open
and
if nifty break 10290-95
than traders should buy nifty for longterm
(only observation)
Nifty 50 ( BULLS vs BEARS ) Daily Chart Candlestick AnalysisNifty 50 index managed to hold previous day’s low of 9951 zones and witnessed a strong rebound of around 200 points from its intraday low levels. It formed a Bullish Candle on the daily scale and headed towards its immediate hurdle of 10100 marks. Bulls Recovers Strongly showing the Power on the day 1 round of the week this shows a tuff fight toward the Expiry on the way with the Days Now it has to hold above 10100 to extend its bounce towards 10178 and 10203 zones while on the downside supports are seen at 10050 and 9980 zones.
Last Two Trading Session is remaining BULLS and BEARS on FULL SWING Index hurdles are 10178-10203support are 10090-10025
Please LIKE, Share, Comment your Views
Thank you, GOD BLESS YOU
Sachin
5 important reasons why you LOSE money in stock markets‘Stock market is a device to transfer money from the impatient to the patient’ – by Warren Buffet.
REASON #1 – IRRATIONAL EXPECTATIONS
REASON #2 – SHORT TERM VISION
REASON #3 – NO STRATEGY / PLAN IN PLACE
Reason #1 - #3 : Details on Chart
REASON #4 – GRAB THE NEWS & PREDICT
Detailed: Glue yourself to TV screen and be rest assured, you will always lose money.
A friend mine subscribed to a so called ‘insider’ for getting information about the market movements by paying a huge sum of money for one-year subscription.
Now almost Six months old, he is very clear about what to do with this information. At least to save his capital, he has stopped trading at all!
Every morning you have experts competing with other for your attention on different business channels. Try to follow them, you will come to know what is happening. Every other person is expert in predicting where the market will go. ‘If it goes by another 47 points from here, it is a bullish signal and it will touch 10500, and if it goes 63 points down from here, it is very bearish signal and it can touch 9100 even 8600 !!’
Whatever happens to market, the expert is always right.
Do you think a normal retail customer will get the news before it is played out? No chance at all!
in market 1-2% trader who has created any meaningful wealth by doing intra-day trading .
Think about it. Who is gaining by your intra-day trading? You or some-body else!
Use whatever charts, software you want to use for predicting the direction of market, more than 50% of time, you are wrong. Why to waste your energies on something which you are sure, that it will be wrong 50 % of times?
Why should I be acting as a puppet in the hands of so called experts having opinion on each and every stock and each and every aspect of market?
No way I am denying the capability of some really genuine guys out there, who are giving fair view of overall situation, but they are very very small in number .
And in the overall jungle of marketing gimmicks, difficult to identify them.
TRY TO IDENTIFY THEM & RELY THEIR PREDICTION, Way of Identify previous 50 - 100 predictions, not in no of trade loss / gain, but % Profit in Profit trade & % Loss in Loss trade.
REASON #5 – REASON NO 5 – TEST YOUR OWN TONGUE.
Details on Chart
Happy Trading, Trade Cautiously & Safely.
Disclaimer: Only For STUDY. Sorry in Advance if hurt any member or viewers
LIKE / Comment /Share, If useful & enriched your knowledge.
Weekend Education: IMPORTANCE OF BACKUP ( For Day Traders )One of the most ignored risk in trading is the failure of the equipment you are using to trade.
If you have traded long enough, you'll know what I'm talking about.
As day traders, when there's a lot of money involved, you shouldn't save a few bucks risking a lot.
Let me explain with this list :
Backup device : You shouldn't rely on just one mobile or computer to trade. There are multiple reasons why they can stop working ( battery failure, hard disk crash, virus,etc ). Always keep a secondary device to easily switch to that in case of a primary device breakdown.
Backup Internet : So you've decided to buy on the open and your internet stops working at 9:00 AM . What do you do ? Leave the trades , nah ! Another source of internet will safeguard you and aid you in not missing any trade when you want to get in or out badly.
Backup broker : So now you think, so what, all this never happens to me and I'll manage somehow. But what if your broker's server has some issues. You have bought 2000 shares and now want to exit but cannot because the broker's web,mobile and app all have stopped working for a while. You are stuck and it's not even your fault. This can prove to be very crucial at times, trust me !! Always keep accounts with at least 2 different brokers with sufficient funds in each to manage your positions.
Data Backup : You have a written set of rules and strategies, saved charts, along with your trading journal that contains trade records and your thoughts. Isn't it invaluable to you? What if you lose them due to a virus or accidental delete ? Do you have a backup ? Please do .
As day traders, time is very important.
Don't wait to call up your broker and do fire-fighting.
Instead be pro-active and take care of these non-market risks beforehand.
I've been through all of this and it's frustrating.
So before they all catch up with you too, better insure them already.
A 'little' effort in this can help save you from a 'lot' of mishaps.
Cheers and Happy Trading :)