Query : How to over come losses and become a profitable trader?
Answer : This is Part 5. If you are new, refer Part 1, 2 , 3 & 4 for better understanding.
Step 10 : Develop an unbiased mindset. Why it is important? Let’s see how biases affect Person A’s trades.
Example 1 : Confirmation bias.
This happens when we believe what we want to see instead of the...
Query : How to over come losses and become a profitable trader?
Answer : This is Part 4. If you are new, refer Part 1, 2 & 3 for better understanding.
Step 9 :
In the earlier stage of trading, every trader goes to the “victim state” of mindset often. Try to bring your mind out of it soon.
What is the victim state of mindset?
Example : Person A feels powerless...
Query : How to over come losses and become a profitable trader?
Answer can be written as a book. So I am posting it in parts. This is part 1. I have the link of part one below in case you missed it.
Step 5 : Understand why you hesitate or unable to make any change related to your trading habits.
Example : Person A knows he is gambling, but continue to do that. His...
Query : How to over come losses and become a profitable trader?
Answer : This is Part 3. I have attached the links for Part 1 & 2. If you are new, read those and then continue Part 3.
Step 6 : Develop self awareness. Knowing what type of trading suits you give an edge in trading.
Example
Swing trade
Intraday trade
Momentum trade
Break out trade
Once you start...
Query : How to over come losses and become a profitable trader?
Answer can be written as a book. So I am posting it in parts.
Trading is a journey like life. You have to learn from each and everything happening to you and grow. Like life trading do not have any manual to give instructions about how to handle it. That is why people got struck in trading.
Let us say...
Last Friday when market corrected big time, Mid Cap Index was relatively stable and outperformed the Nifty....This out-performance may become the norm going forward
In this video, I have shared my views on various sector indexes and how they have performed against Nifty in the last few years and how they can shape up over the next couple of years.
In this Video, I have tried to share how a bear market in Dollar between 2002 to 2007 led to a huge rally in Commodities and EMs and how we expect the same bear market in DXY to repeat in coming couple of years and as a result the rally in EMs and Commodities may Continue. So, basically an overall perspective on some important inter-linked markets.
NIFTY MIDCAP 100 today hit 3.618 fib extension of the rally from lows.
usually a togher resistance to go up considering a non stop rally for october.
note: chart jus for reference purpose
INDEX HAS RALLIED FAST AND FURIOUS CONTINUOUSLY FROM 16000 TO 20000 + LEVELS
INDEX WILL SEE A 10 TO 15% CORRECTION FROM
HERE CMP 20600+
SL 21300 CLOSE ABOVE FOR COUPLE OF DAYS
TARGTES
19895/19485/18921/
18303/17567/17100
NOTE :
DISINVESTMENT CHART
TIMELY BOOK PROFITS IN MIDCAP STOCKS
Nifty Midcap Index CMP around 20450 levels.
Elliot wave Study :-
Whole structure is in form of rising channel pattern, at the moment index is around resistance line of rising channel pattern.
As per % terms if observed wave 1 = wave 5 (both the waves are of 27% )
Wave 3 is of approx 1.618% extension of wave 1 and wave 5.
As per theory when wave 3 is extended...
CNXMIDCAP (MONTHLY):- MIDCAPS INDEX BREAKOUT DONE IN MONTHLY TF & TARGET 26K WITH SL OF 16K WCB
#Disclaimer:-I just shared view for only educational purpose.
