Technical Calls:Bank Nifty,SBI and Mcleod Russel
One of the biggest problems new traders have is focusing on the wrong things. I did it, everyone does it. Being perfect is one of those things. Perfect is not a pre-requisite for making money. There is so much money to be made in between. .
Perfection and satisfaction are almost never in the same sentence. Your goal is to make money in an efficient way. It is not to make money on every trade. Satisfaction, for me, comes from following my trading plan/rules. With a good plan/rules the money will take care of its self. If my goal was to be perfect I would fail most of the time or I would accomplish nothing. Remember why you are trading.
Perfect also makes it harder to move on. The ability to move on quickly is key in trading. You must analyze what happened, why it worked or not, make necessary adjustments, and look for new opportunities. If you are worrying about perfect you are always going to be looking backwards. You get stuck in a transition stage. I think of these stages like quick sand, the longer I am in them the more I have to dig myself out. It is important to spend time in the transition stages but not so long it suffocates.
Bank Nifty formed double bottom on daily charts not breaking the low of 10135.
This is a bullish signal if this low gets protected for next 2 days.
Read the Full Story
Perfection and satisfaction are almost never in the same sentence. Your goal is to make money in an efficient way. It is not to make money on every trade. Satisfaction, for me, comes from following my trading plan/rules. With a good plan/rules the money will take care of its self. If my goal was to be perfect I would fail most of the time or I would accomplish nothing. Remember why you are trading.
Perfect also makes it harder to move on. The ability to move on quickly is key in trading. You must analyze what happened, why it worked or not, make necessary adjustments, and look for new opportunities. If you are worrying about perfect you are always going to be looking backwards. You get stuck in a transition stage. I think of these stages like quick sand, the longer I am in them the more I have to dig myself out. It is important to spend time in the transition stages but not so long it suffocates.
Bank Nifty
Bank Nifty formed double bottom on daily charts not breaking the low of 10135.This is a bullish signal if this low gets protected for next 2 days.
Buy above 10300 Tgt...
Read the Full Story
posted by Bramesh at
7:39 AM
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