Trader's Query - Over tradingQuery :
How to control over trading? In last 4 sessions I made huge losses
I keep on placing orders, once I get loss.
Trading type : Intraday
Trading Instrument : Index
Reason :
Lack of discipline & knowledge
Lack of fear about money
How to rectify:
Trade based on well tested strategy
Less or no trades on news days
Targets vary depending on market situation
Follow trading rules
Example for trading strategy
When you are ready to pay brokerages, lose money because of over trading, you can spend your time, energy and money to learn about trading.
Risk Management
Trading ExecutionThis post is about simple entry,stop & exit,adapting the market movement. It will be useful to new traders. Watch it fully so that you wont miss important points.
Most of the time we do analysis and market give completely different scenario to handle. In this post I have explained about the trading execution using my yesterday’s analysis. I have explained the entries & stop.
Analysis - Reliance – Double top resistance @ 2400 – 2410. Mildly bearish. Price didn’t fall and went up.
Analysis-HDFC – Trend line support – neutral. Today took support & gave 35 pts move. I have marked the entry in the video.
Analysis-Infy – Consolidation –neutral. Today gave break out of 50 pts.
Analysis-TCS – Trend line support – neutral. Took support.
Analysis-ICICIBank - @ trend line support – neutral. Today gave 15 pts move.
Analysis-HDFCBank – Consolidation – no trend. 40 pts move today.
Analysis-SBIN – Consolidation – no trend. Gave upside break out for 10 pts.
Analysis-Kotak Bank - @ trend line support –neutral. Took support and gave 50 pts move.
Analysis-Axis bank – Descending triangle – bearish. Gave upside break out.
I have shared the link in which I have done the analysis.