BANK NIFTY PERFORMANCE ON 11 JULY 2013

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

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. Th...

SECRETS OF SUCCESSFUL TRADING

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...

NIFTY TRADING STRATEGY 10 AUG

Trading strategy would be to Sell if market resist at 5,390 and Buy if support at 5,300. First resistance for the Nifty is 5,356 and next resistance 5,390 and first support for the Nifty is 5,300 and next support at 5,378.

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