Saturday, January 19, 2019

Nifty And Banknifty Weekly Wrap Up 14th Jan to 18th Jan 2019

Friday, January 18, 2019

Averaging Your Losers - Why Do Traders Do It?

This is a sensitive topic, often provoking a lot of bad memories and experiences in the stock market as well as in life. But this topic needs to be answered Who knows it might be an interesting read and give you a lesson or two on life in general along with your trading.

First and foremost if you have done this, averaging a losing position that is, then don't feel bad about it, you need not beat yourself up on this, trust me it is not your fault. There are very deeprooted reasons for this type of behaviour, which are seldom addressed. People only point to this problem, that too after the fact (that is a b big loss) but never really give you the reasons behind them...

Today we will change that, so are you with me on this? Yes, let's get started then...

Saturday, January 12, 2019

Trader Development Spectrum - How Close Are You To Becoming A Successful Trader?

Have you made losses in your trading so far?
Have you gone indicator hopping in the past, or doing that still?
Have you invested into a system, course, trading & tips service, trading rooms and regretted your decisions, not to mention lost money? 


Well then don't worry you are not alone... these are common mistakes traders make in an early part their career and it's not your fault... let me say it again...

It's not your fault. - Dean


I have struggled with this in the past myself, and if you are struggling too, it's not your fault… You made losses because you were never told the complete picture, you want to change that, don’t you? You can do this, so throw the fear of not succeeding out of your mind, just let me explain this to you…

Trading success does not lie in an indicator or technique, they told you a lie because it benefitted them… The reason I am sharing this with you is I don’t want you to reinvent the wheel. Just knowing this won't make you successful, you have to put in the hard work at the end of the day, right?

So are you ready to finally start your journey to becoming a consistently profitable trader? Believe me, you can…

Thursday, January 10, 2019

What Is The Most Important Quality Of A Successful Intraday Trader?

Intraday trading can be one of the most difficult types of trading type. The reason is the sheer amount of information one has to handle, be it charts, indicators, broker terminals, news, events both scheduled and surprise, own psychology, open positions, looking for new signals and on and on and on...

All this makes intraday trading a difficult beast to master, but the lure of daily profits is what keeps bringing the hordes back to it. So to be able to handle all this and still come out successful you need to have some attributes or qualities if you call them that.

Let's discuss some of them today. This is by no means an exhaustive list, but I am sure it will be helpful, and at the end of the post I will also share the solution I found to be very useful for such high-frequency trading, so read the post till the end...

Wednesday, January 09, 2019

What Is The Best Technical Indicator And How To Use It?

Technical Indicators are simple mathematical formulas derived from price and volume. But a novice trader never looks at them like that. For a beginner, they hold the promise of great riches. A few simple tweaks and the indicators are bound to give them the financial freedom they desired. But we all know how it pans out in the end...

It's not how an indicator is calculated that holds the value, but how a trader uses and interprets it that will decide the ultimate success... But the topic of technical indicators always makes for an interesting read, read my view on them...

Disclaimer: I have spent the better part of my trading career running after these indicators, tweaking parameters, jumping from one indicator to another, basically, searching for the holy grail of trading, luckily I discovered nothing...

Saturday, January 05, 2019

Why You Must Use Market Profile? Especially If You Are A Beginner...

Market Profile, the buzzword that is on the minds of all traders nowadays. Some have already learnt it, some have started learning, some are thinking whether it will be worth the effort and yet again some are denying that it is of any help. What can a beginner, someone new to trading, someone keen on making it as a successful full-time trader, do in such a situation?

Well don't worry, after trading for almost 13+ years and with the market profile for well over half a decade, I think I can provide you with the answer. This is not a tutorial of the nitty gritty of market profile, I will cover it elsewhere, nor is it about the basics or core concepts or trading strategies with the market profile, I have a full-fledged online course for that...

This post will try to answer why in the hell you should, or rather you must learn market profile?



Thursday, January 03, 2019

Basics Of Technical Analysis for Beginners

Technical analysis has been a cornerstone of my journey in the markets, which spans over a decade now. I have learnt a lot over the years sometimes by voluntarily by studying books, videos and courses and sometimes involuntarily when markets gave me a slap on the wrists for being complacent.

But this journey has been great and technical analysis has now become my life. I am crazy about it and thought it would be nice to share my views on this huge topic...



Wednesday, January 02, 2019

Basics Of Elliott Wave Theory

Elliott Wave Theory has been at the forefront of technical analysis tools. And I too have used it for a long long time in the past. I may have moved on to different tool since then, but I still can't resist marking the waves every now and then.

This theory was proposed by one of the greats in the world of technical analysis, Ralph Nelson Elliott. He observed a wave-like pattern in the market movements and then subsequently moved on to provide us traders with a detailed structure and set of rules to follow to make sense of the ever-changing markets.

It's a fascinating tool and if you apply yourself the results could be nothing short of amazing. Here I am attempting to answer a few common questions regarding this theory...

Tuesday, January 01, 2019

Risk Management Techniques For Consistent Trading Profitability

Managing risk is the primary job of a trader, you have heard this a million times. But this not enough. This part of your trading system, managing risks is completely devoid of any glamour and excitement.  That is why it gets easily sidetracked in favour of finding great entries. The allure of different technical tools and indicators proves too much for the beginner and they lose focus so I will state it again, but a bit differently...

Managing risk is the ONLY job of a trader. - Dean
Photo by Lubo Minar on Unsplash