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Bulls are Back? Weekly Wrap #Nifty50 19th Aug 2024First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
*Trend is UP
*Trade plan: 15 Min Breakout /Buy on Dip
*for Critical levels see the video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.
Nifty Breaks Out After Days of Range-Bound Trading, What's Next?After more then two weeks trading in a zone 24000-24350 levels nifty finally breaks out from the range.
On uppers side there is a gap which NIFTY is halfway and looks like it will fill the gap as well!!
Gap is from 24700-24300 level
Major support zone is at 24100 levels.
This week should see NIFTY hitting 24700 and also 24450 levels as well. Which one will come first is wat we have to see. !!
Trading Management and Psychology #NSE #SMCTrading psychology is different for each trader, and it is influenced by the trader's emotions and biases. The two main emotions that are likely to impact the success or failure of a trade are greed or fear. Greed is defined as the excessive desire for profits that could affect the rationality and judgment of a trader.
Trading psychology is the emotional component of an investor's decision-making process, which may help explain why some decisions appear more rational than others. Trading psychology is characterized primarily by the influence of both greed and fear. Greed drives decisions that might be too risky.
Here are five ways to feel more in control of your emotions while trading.
Create Personal Rules. Setting your own rules to follow when you trade can help you control your emotions. ...
Trade the Right Market Conditions. ...
Lower Your Trade Size. ...
Establish a Trading Plan and Trading Journal. ...
Relax!
Testing out scanner - RHIMAfter I stopped F&O altogether as I was not able to get a handle on it and generate consistent returns, I had decided to focus on cash market. For that I had created a simple scanner which would show up stocks which have come up above their weekly high but are still below their 50 day MA. Details of what stocks came up and how they and I performed is what all the video is about. Watch it to see my journey.