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Psychological

Raw Trading Psychology and Mental Weaponising 1) When it comes to Trading, your behavior pattern can change drastically once you understand how Technicals, Edge, and Psychology work together. Any leaks in these three areas can lead to disastrous decisions that may cost you heavily 2) The skill itself carries a failure rate of 90-95% and that simply defines why the failure rate is so high. 3) If your personal life is causing you torment, it may hinder your ability to make calculated trading decisions. Plus money is involved that makes it worse and same goes when your Trading life is in shambles, your whole persona your habits suffers.
Long
by VKtradesimbalance
2
IDFC FIRST BANK (Psychology Analysis) Date 10th April 2024 Time: 3:30 IDFC FIRST BANK was in a correction from last year's Sept. After showing full correction Wave At the end of March it Gap Down and from 1st Day of April it Started moving up seems like its short covering . But More Confirmation for going long is on 8th April IDFC Gap Up and Going upside continuously. and finally, today it breaks Out from Resistance Line and give closing above it. Round figure Price level 80 is Strong Support with SL of 81 We can Long IDFC FIRST BANK. Target ATH Price with 1:5 Risk Reward. Thank You!
NSE:IDFCFIRSTBLong
by KRSCharts
4
Don't Be the Kid @ Candy Shop !Hi Friends, I have left the above Nifty chart without proper description on purpose. Just take a look at the chart, if you can understand why those lines are drawn, its fine. If you don't then also its perfectly fine. But whats not fine was,taking trade decisions without knowing what those lines where.Do you think complex systems are better than simple trading systems ? That is a myth that only complex trading systems make Money, No Not at all. Simpler the system, the easier it becomes to follow the plan with discipline. Regarding above chart its just couple of Bull's (B) & Bears (B) Elliot Waves combined with Trendlines, there is nothing much and we use it for taking a trade decision, the area within curve mentions the Island reversal pattern. So its totally upto us to decide which B will win and determines the direction of Nifty. But I believe, both B will be taking rest till the Fed meet gets over (Sep 20&21), for us it will be by Thursday (Sep22), till then Nifty may range within support / resistance without proper direction and having some wild swings signalling false breakouts. Enough of explaining the above scenario I believe, bcos I planned this post to be more than normal analysis... There are many authors in tradingview, using many strategies, so if you get confused or don't get the reason why the trade was taken in particular direction feel free to ask the authors of the post, Why & How ? Unless, you ask questions n learn, you can't learn completely, thats why comment sections are for, to discuss your views/opinions even if you are completely newbie trader. No one will make fun of you, if you feel that your question is simple or silly, Never mind just ask Me, I will clarify your doubts, I assure. See, I don't gain anything from this, its all for your benefit n to protect your hard earned Money. Kid at the Candy Shop & Trader without Plan : Consider, you are telling a kid that you will buy whatever candy he/she wants , they may tell some candy name. Now, take the same kid to biggest candy shop which is filled with tempting and mouth watering cakes, candies and ice-creams and ask what the kid wants ? We assured we will buy whatever the kid wants, Now the Kid will get confused and will be spoilt for choice about what to choose and ends up buying most of the candies, cakes n icecream's which affects the kid's health directly {cold or fever}. In the same way, when we begin to trade, we either have one aim I need to live little better or make some small amount of Money. But after entering the market we will be spoilt for choices available at our discretion to trade from Stocks, Futures, Options,commodity,currency, Intra, Scalp,Positional and like the kid mentioned above, we trade everything comes our way from Suzlon to LT, VijayaBank to SBI n Banknifty,without any second thoughts imagining that we can make money, but end up losing your capital. If you do like that Kid @ candy shop, You will go Broke. That kid spoiled his health and you will spoil your Wealth. Yes, its harsh, but truth to be told friend, Never Be that Kid at Candy Shop !
NSE:NIFTY
by InsiderB
6