Skip to main content

The veteran trader feeds on the new trader

The only difference between the new trader and the old trader is that the old trader has learnt to be in control as compared to the new trader. both are trading using the same charts and indicators.

A good trading system and the mental strength to commit to and execute the signals that
system gives you is the way of the seasoned trader.

The seasoned trader can notice when he is making any human error in relating to his emotions and fears and quickly breaks that habit by making new neuron-pathways, means suppose he is erring in moving his stop loss to cost or to break even when he sees gains, then he will focus on that and start doing that soon as a matter of habit. Trading is nothing but a game of probability , where you have to have the odds ion your favor. Once you have set your strategy fro trading then just like  mechanical trader follow it without using brains and mind. At the end of the period of time it will reap benefits. If still the method is not profiting then change the method. Do  not change methods frequently. The trading strategy should be simple and mechanical with risk and money management built in. That is the reason so many traders are crazy after formulating a intraday software with mechanical buy sell signals which are giving high probability trades.

You’re going to get emotional… just HOW emotional will be largely a function of
whether your risk capital is “comfortably lo-sable,” when you are faced with a step back
on your road to profit.

In the end, it’s all about attitude and you mental strength of conviction to follow your
tested trading plan

For further information on the BUY AND SELL SOFTWARE, Intraday software, Real time data, Nifty live Charts  , please visit :

Call: 9958406102




Comments

Popular posts from this blog

RUPEE PROBLEMS

The Sensex and the rupee are at critical breakdown levels after the stock market fell on Friday and the rupee was retesting its previous lows against the US dollar. The drop in the US equity markets on Friday might provide another downward nudge to Indian equities and the dollar rally could push the rupee lower on Monday. Readers of this column should not be surprised by the moves in the equity market and the rupee. We had mentioned that the Sensex was in a downtrend and was supported by the gap. The same is true of the Nifty.  (Click  here  for charts of Nifty and  here  for Sensex)  In last week’s article  we mentioned that price gaps are demand areas and happen when the opening price of a day is higher or lower than the closing price of the previous day. Reuters When there is extreme demand prices open much higher than they closed the previous day. That’s what happened to the Sensex on 31 January when it opened at 16,965 after closing at ...

Nifty Live

Nifty buy sell signals using nifty  live charts The Nifty is the most volatile tradable index on Nse since it is favourite for the intraday and positional traders. In technical analysis rules and covenants also it is taught that when trading or taking position in any stock , we need to find the direction in which the nifty is moving , so that the trade is entered in that same direction. This will give rise to a high probability trade. The nifty live charts or any intraday software can tell us about the direction of the nifty. The best trend finding strategy can be by checking the direction of any particular moving average, or by drawing a diagonal trend line. The other way is to see if it is making rising Low and Highs or falling. These are little complex to note during live intraday markets. So the better solution is to make your trading strategy more mechanical so that, the buy sell signals are generated on the live nifty charts using the real time data. ...

Accurate Tips, Rules and Techniques For Intraday Trading

Accurate Tips, Rules and Techniques For Intraday Trading We all go into the stock market to make profits and most traders go into day trading to make a substantial amount of profit daily without any long term commitments. However to make a worthwhile profit and maintain a certain standard in day trading you need to follow certain rules and techniques to maintain your profit level or even surpass it. So what are those tips, rules and techniques you need to become a successful day or intra day trader? 1) Don't trade the first 15 minutes the market opens: it's best to wait for these first few minutes and observe the market and spot potential rewarding opportunities. The first few minutes of the action are often panic trades or market orders placed the night before. It is advised even by professionals in the business to avoid this time period while also looking at the order of business for the day. 2) Newbies should avoid using margin: Margin is you borrowing mone...