Skip to main content

Are You The Turtle Or The Hare? Would you want fast money or steady money?

By
The intraday trader is normally very impatient and enters this field only because he dreams of quick money . The intraday trader has a sense of impatience and wants to take multiple quick trades on small time frames. This is the main weakness or the impulsive behavior that needs to be brought under control . It is only those intraday traders who check the main trend and the confluence of their trading rules before taking the trade that survive the long battle and turn out to be winners in the long run.The intraday traders keep testing all the different indicators on live markets and do not stick to one method . The variety of trades will only cause the losses to happen and reduce your capital.The trader should stick to only one method and fine tune that so that the method becomes second nature to the trader and he is able to curtail his losses and maximize his earnings.It should be kept in mind that not only has the trader to keep control on his capital but also on the profits. That means that when you are in gain try to lock the profits rather than to wait till the stop loss is hit and just because of the reason of the ego that the desired targets will   be met.The intraday trading software or any trading strategy that pone devices should comprise of all the factors. Not only the entry is important but also the exit is even more important than the entry. It is the small stop losses and the bigger gains which are locked that will ultimately lead to gains. This is the challenge that a trader faces. For maximum profitable trades , it is better to build a trading system that you feel comfortable to use and are not confused when taking the trades. This is the reason the buy sell signals software for intraday trading , is required by traders. It makes it more mechanical and the money management rules are also incorporated into it. even if the stop loss hits it will normally give a following trade which will retain the and regain the losses.

For further information on the BUY AND SELL SOFTWARE, Intraday software, Real time data, Nifty live Charts ,Nifty Buy Sell Signals , please visit :
http://technotrades.biz/

Call: 9958406102


Comments

Post a Comment

Popular posts from this blog

SECRETS OF SUCCESSFUL TRADING

By
50 Golden Rules of Stock Market Trading I’m sure most everybody knows these truisms in their hearts, but this list is nicely edited and makes a good read. 1. Plan your trades. Trade your plan. 2. Keep records of your trading results. 3. Keep a positive attitude, no matter how much you lose. 4. Don’t take the market home. 5. Continually set higher trading goals. 6. Successful traders buy into bad news and sell into good news. 7. Successful traders are not afraid to buy high and sell low. 8. Successful traders have a well-scheduled planned time for studying the markets. 9. Successful traders isolate themselves from the opinions of others. 10. Continually strive for patience, perseverance, determination, and rational action. 11. Limit your losses – use stops! 12. Never cancel a stop loss order after you have placed it! 13. Place the stop at the time you make your trade. 14. Never get into the market because you are anxious because of waiting. 15. Avoid g...
Post a Comment
Read more

LIMITING YOUR WINNERS AND LETTING YOUR LOSERS RUN......

By
This is very common reason why the trading is a losing game for many people. This is the reason we are discussing this point in length. whatever is the trading strategy that a trader uses, it will have its share of losing trades. It depends entirely on you money management methods that will decide the success of trading career. In case you keep you stop loss large then you of course need more large winners or very few losers for making you on the positive territory. In case you keep very small stop losses then you could afford to have more losers and few winners which can be keep trailing for best gains. Now when the winning trade comes immediately after a losing trade there are 2 types of reactions. one may be that i should exit fast and make up loss and the other maybe let me remain till the end or when i get large targets to be in gains . In the first  case the trader will just break even on the day and the second case since the trader gets greedy may even have to take a...
Post a Comment
Read more

Trading Software India With Most Accurate Live Buy Sell Signals

By
FII, QFI, NRI AND FVCI TO COME IN SINGLE WINDOW—STOCK MARKET TO EXPAND         It is like imaging a world without borders where FII is equal to NRI is equal to FVCI which together will form QFI. The only discrimination is between portfolio investment and non portfolio investment.   Though it appears utopian scheme; however if Finance Minister P. Chidambaram is to be believed this dream could be soon a reality.   Stock market will gain massively from this development and nifty will witness a quintenessial inflow of fund.   The intraday traders in nifty future and nifty option will see a new age of investment.   Marching ahead in the stock market momentum, two committees have been set up to map the mirage.   One committee under the former cabinet secretary to look at harmonizing portfolio investment routes—and another by the finance ministry under the economic affair secretary to define what distinguishes FDI and...
Post a Comment
Read more