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Support and Resistance

Strong Investment Opportunity in the Gold Mannapuram Finance: A Strong Investment Opportunity in the Gold Loan Sector Mannapuram Finance primarily focuses on gold loans, providing financial services to individuals and small businesses. Mannapuram Finance presents a strong investment opportunity, particularly in the gold loan market, with solid financial health and growth potential Dividend Policy: Regular dividend payouts reflect the company's commitment to returning value to shareholders. Risks: -Exposure to fluctuations in gold prices.
NSE:MANAPPURAMLong
by manojshinde27
Why Traders Fail: Common Psychological MistakesWhile technical analysis and fundamental knowledge are crucial for successful trading, psychological factors often play a significant role in trader failure. Here are some common psychological mistakes that traders make: Emotional Trading *Fear of Missing Out (FOMO):* This leads to impulsive decisions, often resulting in buying at market tops. *Greed:* The desire for excessive profits can lead to overtrading and holding on to losing positions for too long. *Fear:* Fear of loss can cause traders to sell prematurely, locking in losses. *Lack of Discipline* *Overtrading:* Trading too frequently can increase transaction costs and reduce overall profitability. *Ignoring Stop-Loss Orders:* Failing to use stop-loss orders can lead to significant losses. *Not Sticking to a Trading Plan:* Deviating from a well-defined trading plan can lead to impulsive decisions. *Poor Risk Management* * Overleveraging: Taking on excessive risk can lead to catastrophic losses. * Not Setting Realistic Profit Targets: Lack of clear profit targets can lead to missed opportunities. *Overconfidence and Hubris* * Overestimating Abilities: Believing that one can consistently predict market movements can lead to reckless trading. * Ignoring Past Mistakes: Failing to learn from past mistakes can lead to repeated errors. Confirmation Bias * Selective Perception: Traders tend to focus on information that confirms their existing beliefs, ignoring contradictory evidence. Revenge Trading * Chasing Losses: Trying to recover losses quickly can lead to impulsive decisions and further losses. Lack of Patience * Impatience: The desire for quick profits can lead to hasty decisions and poor risk management. *Tips to Overcome These Mistakes:* * Develop a Solid Trading Plan: A well-defined trading plan can help you stay disciplined and focused. * Practice Risk Management: Use stop-loss orders and position sizing to limit potential losses. * Emotional Control: Practice mindfulness and meditation to manage emotions. * Continuous Learning: Stay updated on market trends and improve your trading skills. * Keep a Trading Journal: Track your trades and analyze your performance. * Avoid Overtrading: Be selective in your trades and avoid impulsive decisions. * Seek Feedback: Learn from experienced traders and seek feedback on your trading strategies. By understanding and addressing these psychological pitfalls, traders can significantly improve their chances of long-term success.
by Stock_market_signals
btcusd 4hr 1. **Support & Resistance**: - **Resistance**: The price is testing a resistance zone near $70,015.86. - **Support**: There are two significant support levels marked at $66,448.98 and $63,472.14. 2. **Trade Setup**: - A **green zone** above the current price indicates a potential profit target (take-profit level). - A **red zone** below the current price represents the stop-loss level, marking the area to minimize potential losses if the trade doesn't go as planned. 3. **Price Action**: - The current price is $68,381.04, with a slight decline (-0.09%) in this candle. - The price is trading in an upward trend and is consolidating near the resistance zone, likely preparing for a breakout or rejection.
CRYPTO:BTCUSDLong
by Dhruvkrsaini
BTCUSD SHOWING A GOOD D UP MOVE WITH 1:7 RISK REWARDBTCUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDLong
by tradergyan01
3
Nifty Intraday Analysis for 18th October 2024NSE:NIFTY Index closed near 24750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 53.45 Lakh 25500 Strike – 29.80 Lakh 24800 Strike – 24.87 Lakh Put Writing 24800 Strike – 22.58 Lakh 24500 Strike – 22.38 Lakh 25000 Strike – 18.09 Lakh Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTY
by RKMAURYA