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CNXIT trade ideas

Trading - Make it Easy - Part 5Its said, "Do not practice until you get it right. Practice until you can not get it wrong". When newbie traders learn a concept, they forget the fact that they have to gain experience by practicing using small position size and sharpen their skill set around that concept. Instead they learn a concept, try it for few days, then when they face difficulties, they look for some other concept. Any professional skill set can be developed by practice only. Aristotle said, "We are what we repeatedly do, excellence is not an act, but a habit". Practice trading with small position size, do disciplined trades and make it as a habit. Then money follows you automatically.
NSE:CNXITEducation
by vanathi
6
NIFTY IT: WEEK-TECH-SHEET-> 28th January 2019 to 01st February 2NIFTY IT: WEEK-TECH-SHEET-> 28th January 2019 to 01st February 2019 NIFTY IT moves around + 765.05 pips from 28th January 2019 to 01st February 2019, in which nifty breaks last week 21ST January 2019 to 25th January 2019 top 15161.20 If it continuous to break 15752 Buy @t Entry: 15800 Stop Loss: 15100 Target 1: 15975 Target 2: 16033 Target 3: 16150 Target 4: 16500 REMEMBER NIFTY IT 2018 TOP: 16360.60 (OVER ALL TOP)
NSE:CNXIT
by GHSTOCKTRADING
Trading - Make it Easy - Part 4It is said, "Your mind works when it is open, like a parachute". Share market is always changing. When a person is having an open mind, they explore new things and grow. Progress wont be possible if we do the same things in the same way. We cant expect different outcome from same process. When a person comes to share market, he will be having certain belief, "I can make easy money", "I can become rich quicker". After some time, he will realize, "I have to learn to earn", "I have to be disciplined & have patience". This type of understanding comes when a person have an open mind. We can not change the market as per our expectation, but we can understand the market with our knowledge. If we think we know everything, then it will block us from learning new things. To make money one should keep on learning with open mind, accepting new ideas and should not have the "Ego" that they know everything. Hit like to encourage to get more ideas like this.
NSE:CNXITEducation
by vanathi
11
Trading - Make it Easy - Part 3It is said "Success comes automatically when you are passionate about the work you do". Once you are passionate about your work, you wont get tired and you love it as if its your hobby. I heard people saying, "I have free time in morning, so I want to earn money in that time by trading". Trading is not a job which you can take lightly. As it involves emotions and since we are attached very much with money, even a single loss can bring sleepless nights. So what to do to become a profitable, successful trader? The first step is to have right mind set for trading. A calm, stable and disciplined mind set is needed to trade better. Passion towards trading makes you to be more ambitious, makes you to act with your mind, body & soul aligned towards trading. Develop passion towards trading, and you will find ways automatically to fulfill it. Hit like & subscribe to post more ideas.
NSE:CNXITEducation
by vanathi
6
NIFTY IT: WEEK-TECH-SHEET-> 7th January 2019 to 11th January 201NIFTY IT: WEEK-TECH-SHEET-> 7th January 2019 to 11th January 2019 NIFTY IT moves around + 361.45 pips from 7th January 2019 to 11th January 2019, in which nifty breaks did not break last week 31st December to 4th January 2019 top nor bottom. As mentioned on reference 4th January 2019 evening order If it continuous to break 14593.85 Buy @t Entry: 14600 Stop Loss: 13900 Target 1: 14775 Target 2: 14833 Target 3: 14950 Target 4: 15300
NSE:CNXIT
by GHSTOCKTRADING
Trading - Make it Easy - Part 2It is said "Knowledge is power". We get knowledge from books and experiences. Lets see the list of books which will help you improve your technical knowledge. 1. "Technical Analysis Explained" by Martin J Pring 2. "Japanese candlesticks charting technique" by Steve Nison 3. "Trading for a living" by Alexander Elder 4. "Reading price charts bar by bar " by Al Brooks 5. "Trading in the zone" by Mark Douglas. 6. "Fibonacci Analysis" by Constance Brown After completing these books you can read "Market Wizards" by Jack D Schwager and "Reminiscences of a stock operator" by Edwin Lefevre. Often I get the query "what books to read to gain technical knowledge" from the Newbie's and above is the list for them. You need knowledge about trading psychology to apply your technical knowledge in live market. Read my old posts about "trading psychology". When you learn everything yourself, it takes time. To shorten the time of your learning curve, find a mentor and learn to trade well. Trading makes a person a better human being. I wish you all "A blasting, prosperous, joyful new year 2019". Every day is a new day. Every beginning is a new beginning. Stay focused and achieve your goals. I thank all the readers/analysts/friends here for their wonderful support in 2018. Your support encourages me to write more. Do hit like to get more posts. regards, Vanathi
NSE:CNXIT
by vanathi
8
CHRISTMAS GIFT: The Operators' End GameFirst of all, the secret or trick (whatever you want to call it) that I am going to reveal here are very rare and are not available in any book or youtube stuff. I learned trading through experience, mind my words "trading" not "technical analysis". I learned TA from books but trading -- I learnt through practice, and by practice I mean losing money :) I think no one can ever learn trading without losing money. Any ways... Secondly, the trick is applicable on everyday basis. Infact, it is applicable on 90% of trades that you take on intraday basis. So before you lose your patience, here is the secret: Let's discuss this stuff on a long trade and u can apply it on the short side later by yourself. Let's say you find an interesting setup to go long. You took the trade and put a stoploss and target orders. The stock moves in your direction and you are quite happy with the trade. Now it is, say, half way your target point where you might have considered to to trail. Suddenly the stock takes a dive down and hit your stoploss. The moment it hits your stoploss, it resumes its previous trend (upward in this case) and reaches your target in a strong momentum. You are just stunned, staring at the chart and scolding the market or yourself uttering you are a fool..you can never learn trading..bla..bla. To my knowledge, it would have happened to everybody unless one has silicon brains. Let's see what happened with the trade. Not only you but there were many other traders who were looking at the beautiful buying setup. The moment the setup started yielding results, it came on scanners of some big traders or trader. But they have a problem with breakout trades. They do not enter untill they are confirmed about the breakouts. Once the BO is confirmed, they look for entries. But they have another problem you know -- they have huge money. Yes, huge money is a big problem. The price has already run far enough and if they pump in their money at this point, they would be buying at highs. Their huge orders will makes the 'ask' go higher and it will make the price to run up even faster, so they will have to buy at even higher prices. No..No..No..that's not what they like coz they know that's how 95% people have been losing money in trading. Their only desire is to buy at lower prices, on pullbacks. They just look for points where most of traders have placed their stops. Because it is those points where there is lot of supply, stop loss orders you know..sell..sell..sell..everybody is moving out of the stock which is in an uptrend after BO from an incredible setup. It is only those selling orders which can fulfill the huge demand of big traders without even raising the bids. Ultimately, the demand overpowers the supply and the stock shoots back to resume the trend. How the price was forced to hit the floor? That's a different story. Some call it operators' game. Such activities are more common in the afternoon sessions, when volumes are sucked. We call it churning session, where there is change of hands. So why don't a retail trader trades with the market maker. It may be because of lack if awareness or lack of experience I must say. But once you know the market makers' psychology and adapt to it, you will make money in more than 75% of your trades. You just have to look for such opportunities on the charts. OR ELSE you will have to go for wider stops, which most of the traders could not afford. You may combine this knowledge with my VWAP SETUP that I am going to link with this post. HAPPY CHRISTMAS and HAPPY TRADING in 2019 I wish we all make good money in 2019 Hit Like if it has added to your knowledge. Comments are also welcomed. Regards Bravetotrade
NSE:CNXITEducation
by Bravetotrade
41
Trading - Make it Easy - Part 1Its said "trading is simple, but not easy". Why it is not easy? Because we are making it complicated. Today we will see about the importance of trading plan. A trade with out proper plan is gambling. Before entering a trade you should know when to enter, stop loss, exit and partial profit booking levels. Trading plan is like a road to the destination you want to reach. Now you have trading plan. Next step is to execute it properly. You need proper concentration to trade. Some people trade in between their break time, lunch time etc. This type of trade is done in a hurry and obviously it wont end well. Plan your trades before market open, observe the market for few minutes and execute your trading plan. If you have any doubt about the trend direction, do not enter the trade. Stay tuned to the next part and keep liking the ideas. Thanks!
NSE:CNXITEducation
by vanathi
13