Trend Analysis
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.
BankNifty - Inventory Analysis with Market Profile - 16 Aug 2024Hi hope you all are doing good, and in today's video i want to share where the positions are being accumulated in BankNifty and why i am long biased.
Area where price stability is seen = 49969
Stops seen = 49817
Area where sellers are competing = 51000
Area where buying interest or supply will shut off = 47500
Disclaimer: Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding.
Thank you.
How to Journal as a Trader or Investor on Trading View ? Summary of this video
There could be Two types of people Journaling, one who is daily journaling and one who is weekly journaling; both will do the job.
You can make two notebooks for the same: Feelings-based Journal and Stats-based Journaling.
Both serve different purposes.
A feeling-based journal helps you to create a daily habit of writing some compulsory things like pre-market, vix, post-market, and setups, and ask why in terms of positions - if taken and if not taken, whereas to get into the habit of writing a feelings based journal also dig deep into some really important terms like cpi inflation, ppi of some significant economies which effects your markets. These things won't affect your trading, but such add-ons help you give a direction to your journaling power.
A Stats-based journal contains different columns, as told in the video; feel free to add more of your favorite ones and change them as you wish, but every single trade should be respected in such a manner. Journal every single trade like this in terms of numbers. Remars is very important in this journal as it will guide your Fear and Greed.
In conclusion, Finally, if you can do this for at least one month, you will see good results, but what exactly do you have to see?
After one month, read your first-day feeling journal and the first two or three trade remarks. You will be amazed to see how silly mistakes you made in the past or how efficient you were back then and now you are making those mistakes; either will help you grow in mindset and profitability. It enables you to become a better trader by 1% daily.
Feel free to put more ideas and thoughts below in the comment section. Good luck journaling
Advanced Data Base Option's Trading #NSE #BSEInstitutional options trading refers to the buying and selling of options contracts by large entities such as banks, pension funds, hedge funds, mutual funds, and other institutional investors. These institutions accumulate funds from various investors to trade on their behalf.
Options are financial derivatives that give the holder the right (but not the obligation) to buy (call option) or sell (put option) an underlying asset (such as stocks, commodities, or currencies) at a predetermined price (strike price) within a specified time frame (expiration date).
Here are some key points about institutional options trading:
1.Institutional Traders vs. Retail Traders:
*Institutional Traders: These traders manage accounts for institutions or groups. They trade larger volumes and have access to more exotic products, including complex options.
*Retail Traders: These traders operate personal accounts and typically trade smaller sizes of assets.
2.Advantages of Institutional Trading:
*Access to a wide range of financial instruments, including exotic options.
*Ability to execute large trades efficiently due to their substantial funds.
*Influence on market prices due to their significant trading volumes.
3.Service Providers Used by Institutional Trading Firms:
* Bloomberg
* Thomson Reuters
* Factset
* Marketwatch
4.Educational Requirements and Job Opportunities:
*Becoming an institutional trader often requires a strong educational background in finance, economics, or related fields.
*Job opportunities include roles in trading, risk management, and portfolio management.
5.Earnings:
*Institutional traders can earn substantial salaries, but compensation varies based on experience, performance, and the institution.
Remember that institutional trading strategies involve careful analysis, calculated moves, and a long-term perspective, as these traders significantly impact market dynamics.
HDFCBank - Inventory Analysis using Market Profile - 14 Aug 2024Hope you all are well and HDFCBank is showing signs of inventory accumulated around 1600. In this video i am sharing my process, how i use TradingView's inbuild TPO - Market Profile and Volume Profile indicators to understand the inventory development and how smart money is accumulating their positions in this stock.
1600 is the line in sand and there are less transactions happening below 1600 - Question you should ask is why?
Price is nicely chopping in a 1 month range of 30 points
Below 1600 is where i am looking for responsive buying
Target 1 is 1650, followed by 1700 and the gap fill above 1700, and looking to acquire positions till 1500 in this stock.
This is a long term stock where Market Profile is helping me to understand how positions are being created based on the transactions that are happening.
Disclaimer : Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding.
Thank you.
Brace For Impact:The Downturn Has Begun?Tradeplan#Nifty50 130824First 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 down
*Trade plan: Sell On rise/ 24360 will act as a strong resistance.
*for Critical levels & detail analysis see the Video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.
ES - Inventory Analysis & Trade Plan - 13 August 2024Hello and i hope everyone is doing well. In today's video i want to cover how the inventory developed yesterday and what are the auction paths that i am watching to trade ES today.
Current levels to observe the reaction of price: 5356 & 5383
Current Inventory is developing above PDC and have an excess - so the inventory is long but developing in PDR, so looking for more chop
Rejection seen at 5367.25 and supply shutting off at that price point
The structure of ON auction is balanced profile and looking for more rotational development today
Break of PDH or PDC are important references and i will be observing for continuation, lack of continuation will lead to reversal towards the VPOC
Also from the volume footprint - seeing supply above 5400 and supply shutting off below 5367
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding.
Thank you.
Who Will Win? Bulls or Bear? #Tradeplan #Nifty50 13th Aug 24First 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: 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.