FROM AN EXPERIENCE
What is trading psychology?
Trading psychology is the perception change that you go through once you are actively in the markets trading your own money. When trading on a demo account, it seems like it would be easy to make money and there seems to be no reason why you wouldn’t be able to start making money with a live account. Then, you make that first live trade and you start to feel indecisive about when to take profit, or cut your losses. You have just discovered the effects of trading psychology.
How does trading psychology affect your trading?
Trading psychology can affect your judgment while you are trading. There are two emotions in particular have been the source of ruin for the traders over the years. Those two emotions are fear and greed. Fear will cause you to either not make a trade when the opportunity arises, or to close a trade prematurely without giving it a chance to be profitable. Greed will cause you to make trades that are too large or too risky, while trying to make massive gains. Greed can also cause you to try to wait for the “last paisa” of a move instead of being satisfied with a “good run”.
How to beat your emotions
The best way to combat trouble with trading psychology is by making a trading plan and sticking to it. Use well thought out risk management and don’t get in over your head. Remember that mastering your emotions will allow you to seize the real profit from the markets while emotions are high for others. If you can master your emotions and follow good risk management practices, you can be a successful trader.
(to be contd)
A GENERAL VIEW:
Overall Support for Nifty Futures for now @ 5085, 5011, 4987
Market continues to create lower tops upto 19th of AUGUST
Major Turning point should come @ 19th or 22nd of AUGUST if the low of 4946 of Nifty Spot is not broken
(i.e. Market should start its correction for the fall happened from 5760 @ 8th of JULY)
One close below 4946 means MARKET OOZES MORE BLOOD FOR SURE..
THIS IS AN OPEN CHALLENGE TO THE
STOCK MARKET WEBSITES,
FUND MANAGERS, BLUE CHANNELS
Show us if any and win a LAKH worth FREE TIPS with
100% guarantee of your investment
Yes...We are damn serious
JUST CHECK IT OUT BUDDIES
The reason behind this is we do have a MANTHRA with us practicing every day, every minute called
‘STRENUOUS WORK’
‘STRENUOUS WORK’
EVERY POSSIBLE INTRADAY TRADING STRATEGY
OF NIFTY FUTURES TODAY– AUG 16th
So, What’s going to happen today?
Mark this first…
Strong resistance today @ 5113-28-43- 5180
Supports today @ 5047-5019-5002-4992-65
TWO POSSIBILITIES IN CASE OF A GAP DOWN OPENING
In case of a gap down opening, after cutting the low of the first 10 minute candle, Nifty Futures slides upto 10:30a.m (level upto open minus 35pts) and corrects the wave upto 50% till 11:15 – 12 – 12:30p.m (i.e from 11:15 to 12:30p.m market will be choppy)
Entry can be given @ 11:30 or 12 (ENTER IN PUT OPTION or SHORT NFutures)
From 12:35 – 1:30p.m market slides to the newer low and a bounce back comes @ 1:30p.m and continues till the end session slowly moving upwards correcting the entire INTRADAY wave upto 61.8%
In case of a gap down opening, if cuts the high of the first 10 min candle, a hike upto (open+20pts level) 10:15a.m
and slides upto 12:15p.m (35 pts from the registered high then) cutting the Previous low,
but immediate bounce back comes and the market turns
45 points up from the newer low till 1’o’clock..
Decide short around 10:15a.m or long around 12:25p.m in this case..
IMPORTANT NOTE:
ALL THESE THINGS HAPPEN ONLY IN A GAP DOWN OPENING
TWO POSSIBILITIES IN CASE OF A GAP UP OPENING
Suppose if market opens in a GAP UP pattern means a hike upto 9:45a.m is made and turns down to break the low registered then – This break out comes around 11’o’ clock and Nifty futures slides upto 2:40p.m (upto 95 points from the open) and the complete intraday correction is made within the end session after 2:45p.m
What if a GAP UP opening occurs and market slides upto 9:45a.m?
Just see an hike upto 2:40p.m and a complete intraday correction till the end session
Anyway see an one side movement in market from 9:40a.m to 2:40p.m in case of a GAP UP opening today
IMPORTANT NOTE:
ALL THESE WILL HAPPEN ONLY IN CASE OF A GAP UP OPENING
A NOTE
Ofcourse you have to subscribe to get exact entry levels – Everything would not & should not come free
SHARE TIPS TODAY (AUG 16th)
1) Sell TATAPOWER @ 1077.50
T – 1060.50
2) Sell JETAIRWAYS @ 372.60
T – 364.25
3) Sell POLARIS @ 128.50
T – 124.25
4) Sell BANKINDIA @ 336.60
T – 329.75
5) Sell TATASTEEL @ 470.50
T – 463.75
6) Sell PATNI @ 281.50
T – 276.75
7) Sell RANBAXY @ 482
T – 476.75
8) Sell BHARTIAIRTL @ 385.50
T – 379.75
9) Sell TCS @ 936.50
T – 925.25
Disclosure:
1.Stoploss levels, reverse trades are exclusively to the subscribers.
2. Solely I have all the rights to stop this free tips
at any moment.
Subscribe as soon as possible and earn more.
How Stress Develops
Let’s look at where stress originates. I could discuss several
psychological topics on stress, but that would not be useful to a
trader who simply wants to trade without substantially increasing
the amount of stress in his life. So, where does stress come from?
The short answer is uncertainty. A trader’s life is filled with
uncertainty: Will I make or lose money on this trade? Will I get a
margin call? What will happen to the US
How will RBI report affect the market?
The questions (and the uncertainty) are endless. Traders choose a
unique way of life with challenges that many other professionals
simply don’t encounter on a daily basis. Uncertainty is injected into
each trading day -- and each trade.
How to Control Stress
Before you start to think that stress is simply a part of every
trade that cannot be controlled and definitely never eliminated,
think again. There are aspects of a trade that we simply cannot
control, like how the employment report will affect the market
or whether interest rates will increase or decrease.
(Many traders consider this uncertainty to be exciting.)
However, we can participate in the market’s excitement while
controlling the uncertainty and minimizing the losses.
Below are a few ways to control trader stress.
Use A Trading System
Trader stress can be reduced by using a good trading system.
There is no need for a lifelong quest for the holy grail of stress
reduction or searching for the secret of the stress-free trade like
a modern day Ponce de Leon! The wisdom of the stress-free
trade can be found in a good trading system.
Use Risk Management Techniques.
Always use your stop loss orders . They will allow you to sleep
soundly.
Always use limit orders to lock in profits. Remember you never
lose money when you take a profit. You lose money when you
lock in losses or let profits run down to losses.
Don’t let fear or greed control you.
Use margin in moderation. Remember, it can be a useful tool to
multiply your profits, but it can also make losses grow
exponentially.
Less Common Ways
These techniques may seem irrelevant or that they are not directly
related to trading, but experienced traders know that they are useful
and help to keep you trading through the worst of times.
Know the big picture.
No trade exists in isolation. The Intermarket approach notes that
every trade is part of a larger picture. Each trade must fit into that
picture like a piece of a puzzle. This means every trade must have a
reason or purpose of which the trader is acutely aware.
This transcends trading for money. It refers to the adoption of the
trading lifestyle that is consistent with your personal goals and
values.
Practice Detachment.
Once a trade is placed, let it go. Every trader knows the temptation
to constantly watch how a trade is performing. The detailed,
real-time information available on the Internet makes it possible to
watch a trade as it moves up or down. Resist the urge. If you have a
good trading system with your stop orders in place, there is nothing
more for you to do on this trade.
Constantly watching it with your finger over the sell button
can be very stressful.
Have a Panic Button.
Every trader has his or her moments of panic. When a trade is going
the wrong way, traders often wonder whether they should close the
trade (even when their trading system says to hold). The market can
be quite volatile and any set of triggers can cause a trader to panic.
When panic sets in, the trader can simply press the Panic Button.
A Panic Button is any action helps to alleviate tension or break the
rising anxiety cycle by diverting the trader’s attention from the
immediate trading stressor. Consider exercising, taking a walk, or
counting to ten.
Remember Your Trading Wisdom.
The trading wisdom is the lesson learned from this trade.
Using only positive language, write down anything you learned from
this trade. This technique helps the trader to feel more control and
reduce the level of uncertainty in present and future trades.
Trading does not have to be stressful. Taking simple steps can help
control the primary cause of trader stress: Uncertainty. And they can
also help the trader to feel more happiness and less anxiety in trading.
MESSAGE TODAY
No passion so effectually robs the mind of all its powers of acting and reasoning as fear.
-EDMUND BURKE
(Refer to ‘OUR POLICIES’ in blog archives
if you have any queries)
For further details,
Contact Admin (Analyst) @
(0)9788563656
DISCLAIMER
THE RECOMMENDATIONS MADE HERE DO NOT CONSTITUTE AND OFFER TO SELL OF A SOLICITATION TO BUY ANY OF THE SECURITIES/COMMODITIES OF ANY OTHER INSTRUMENTS WHATSOEVER MENTIONED. NO REPRESENTATIONS CAN BE MADE THAT THE RECOMMENDATIONS CONTAINED WILL BE PROFITABLE OF THAT THEY WILL NOT RESULT IN LOSSES. READERS USING THE INFORMATION CONTAINED HEREIN ARE SOLELY RESPONSIBLE FOR THEIR ACTIONS. SURFING OR USING ‘tradersharmony.blogspot.com' DEEMS THAT THE SURFER ACCEPTS AND ACKNOWLEDGES THE DISCLAIMERS AND DISCLOSURES.THE INFORMATION PUBLISHED ARE FOR EDUCATIONAL AND INFORMATIVE PURPOSE ONLY AND THE USER/READERS SHOULD TAKE ADVICE OF HIS/HER ADVISER BEFORE TAKING ANY DECISION FOR BUYING, SELLING OR OTHERWISE DEALING WITH SECURITIES/COMMODITIES OR ANY OTHER INSTRUMENT WHATSOEVER.
