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Why Traders Fail: Need for a Balanced ApproachWhy do people fail at trading? It is true that the success rate in trading is very less. You will find only a couple of good traders in a city. In my opinion it is due to the imbalance between two extreme emotions or personalities. One cannot understand or succeed unless a balance is created between them. All that is needed to create the balance throughout this adventure is your Time and meaningful effort. Here are some of those extremities that need to be recognized and balanced. 🚀 Lack of awareness Vs Hyperawareness There are people who enter in trading without knowing this business. They would throw their hard-earned money in the market just because someone else is making money here. These people have very short trading career as they lose all their money in a couple of trades. At least knowing about trading will make them shy away from high risk scenarios and hence help in surviving for long. On the other hand, there are people who have acquainted themselves to the markets to such a level that they want to know everything. They would like to learn each and every indicator and apply it on their charts, until they are left with a chaotic system which is bound to fail. Market is an ocean. You can’t know everything but can try to master a few things. 🚀 Fear of Loss Vs Greed Let me say that most of the people entering this business belong somewhere in the middle class. They always have dearth of money. So, they trade with less money and are afraid of losing it. They would either book very small profits or exit too early from good trades. But unfortunately, they won’t show this haste in losing trades. So, they book 1 point and lose 2. On the other hand, there are risk takers who have money but they are greedy. They would often book heavy losses or do not book healthy profits on time. They would only fume when their profitable trades turn into losses. Having less or more is not the question but discipline of booking profits and losses is the answer. 🚀 Stubbornness Vs Springy People would hold on to a trade or system infinitely. They would not believe in cutting small losses or mend their system for improvements. On the contrary, there are those who would keep on hopping on to one system or the other like a spring . They would book small profit/loss in one stock and buy another with higher risk. Improvement and patience are the key to success in trading. 🚀 Dependent Vs Egoist Each one of us would have bought stocks on the basis of tips from our broker, business channels or friends. Some of us would have moved on knowing the reality of tipsters while the others would still be clinging on to them. The latter would never learn a lesson before losing their entire capital. On the contrary, an egoist would only be overconfident in what he is doing. Having your ears closed in trading is a great thing but lack of flexibility is another. If the whole world says that the ship is going to sink, you can not just sit on its deck waiting for a miracle. Be an independent but flexible thinker. Thanks for reading.
NSE:NIFTYEducation
by Bravetotrade
29
Vindhya Telelinks LimitedVINDHYATEL:- If you see in the stock, head and shoulder pattern has been formed, the stock had also given a breakout, but the breakout failed, but the stock has closed above the resistance even once, if the stock sustains, then we can make a plan. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:VINDHYATELLong
by AjayDhakad_Keep_it_simple
Mrs. Bectors Food Specialities LimitedBECTORFOOD:- Head and shoulder pattern is formed but wait for the breakout to plan something only after that keep your eye Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BECTORFOODLong
by AjayDhakad_Keep_it_simple
Nelcast : +62% to +348% Upside PotentialNelcast 21 Dec 2022 In Play : HH-HL Summary - Breakout with huge volume - Classic Cup & Handle - ATH is at 119.75(20 Dec 2022) Conclusion - CMP 118.40 - Position can be initiated for potential targets - Higher targets could be around • Short Term - 152/180 (3-5 months) • Mid Term – 217/244/292 (6-12 months) • Long Term – 426-531(18-24 months) Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:NELCASTLong
by DhirajSinghBais
RAYMOND LTD : PRICE CONSOLIDATION NSE:RAYMOND Raymond Ltd price consolidation with volume shrink. The major trend is bullish, the new bull leg is started after a strong breakout with high volume and the price has formed a triangle pattern on 30 min TF, If it breaks the 1515 level then it might show good momentum up to 1550 in intraday, and for positional it should close above 1550 in daily candle for further up-move. Use position sizing according to your stoploss level. like this idea if you find it useful and please share with your friends. keep learning, happy trading. Thankyou.
NSE:RAYMONDLong
by SANJAYPATIDAR_
2
Bluestar, another star waiting to explode above 1085Weekly chart of Bluestar shows promise, I have been tracking this stock for last 1 year now. From 8th Nov 2021 price resistance of Rs 1085 been multiple times tested, 2 consecutive daily closing above this level can bring fresh momentum. If you are a breakout trader (keeping yesterday correction in Nifty), enter only with 50-60% of plan qty and pyramid more once it sustains above 1085 for a week or so. Pull back traders can add 30-40% qty at 1008 and more near support area. Weekly resistance has just crossed 57, daily RSI still not in overbought zone, make this an interesting stock to watch out for.
NSE:BLUESTARCOLong
by ssudhirsharma11
Weekly chart of Tanla platformWeekly chart of Tanla Platform, although I am not in favour of catching a falling knife but risk reward is looking to good to miss out. Price has taken support at low of Dec'20 and reversed. There is some change of hands kind of volume by company called "XTX markets LLP" on 27th July, but can see some volume post that also. People who have missed out riding previous wave in Tanla may think of encashing this opportunity. Can we enter with 20-30% of the plan qty for tracking basis, add more once price breakout above trend line resistance above 1000. Keep eyes open
NSE:TANLALong
by ssudhirsharma11
1
This all-time high aerospace defence player is worth studying!Rossell India Ltd has two very diverse businesses, namely Tea and Aerospace Defense (Engineering, Manufacturing, and Services). It has spent 27 years in the Tea division and nine years in the A&D division. The company's Tea business is well-established, with a strong presence in India and other key markets. The A&D division is a relatively new venture for the company but is already proving to be highly successful. Add to this the defense sectoral tailwind that has been ongoing for quite some time now. The same is also evident on the charts, with the price hitting all-time highs after a solid base breakout on above-average volumes. With a strong track record in both divisions, Rossell India Ltd appears to be a company that is worth keeping in the radar.
NSE:ROSSELLINDLong
by UnknownUnicorn23435789
3