Nifty Neo Wave Analysis : Make Or Break ???

Dear All,
                                                                   We are at Crucial Level in Nifty

Imp : This Update is Strictly for Educational Purpose Only 

M : 9873511276

Thanks & Regards 

Abhay Mehrotra 

Be Patient With Winning Trades !!!!!!!

Dear All,


 This is the mistake we always do!!!!!

Tonight’s topic is about how to handle winning trades vs. handling losing trades. Actually the way you’re dealing with this common trading issue will determine your fate as a trader. Depending on what you do with your winners and losers you will either end up being a profitable trader or a trader losing money. A typical character trait of amateur traders is the inordinate amount of time they spend thinking about their biggest winners. They constantly want to take profits because of their need to satisfy their ego  and their inability to cope with greed.  Their thinking goes like this: “I should take profits because the stock has gone up.”


Instead, they should do the exact opposite. They should cultivate an emotionaly detached approach to trading, and most of their time should be spent monitoring and managing the losing positions in their portfolio. On the other hand a typical character trait of winning traders is the ability to cut losses. A few market adages that come to mind:

Winners take care of themselves
Patience is a virtue
Ride your winners
Stay calm and focused
Cut your losses
Always use stop losses
Do more of the things that work
Never add to a losing position

Rule : Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are “right” only 30% of the time, as long as our losses are small and our profits are large.

  Rule : Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.


Rule : Controlling losers is a must; let your winners run out of control

Conclusion: Think twice before you sell a big winner. Instead, ask yourself why that huge losing position is still part of your portfolio.

The best traders have no ego. You have to swallow your pride and get out of the losses.

Thanks & Regards

Abhay Mehrotra

Zinc Neo Wave Analysis : Make Or Break ????

Dear All,
                                                                Zinc is at Make or break level

Imp : This Update is Strictly for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Crude Neo Wave Analysis : Cracked 6.5% , Levels Bang On !!!!!!!!

Dear All,
                       On 1 Aug posted that Crude is at Make or Break level , kindly read :http://abhaymehrotra.blogspot.in/2017/08/crude-neo-wave-analysis-make-or-break.html

                                                        Below is the chart posted on that day

What Happened After Update 

Crude Cracked 6.5% From 3160 to 2960 levels 

Imp: This Update is Strictly for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Copper Neo Wave Analysis : Zoomed Up 6% , Levels Bang On !!!!!!

Dear All,
                    On Aug 2 , posted that we may find support at lower levels , kindly read http://abhaymehrotra.blogspot.in/2017/08/copper-neo-wave-analysis-support-lower.html

                                                                Below is the chart posted on that day

What Happened After Update 

Copper Zoomed Up from 403 levels to 430 levels 

Imp: This Update is Strictly for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nickel Neo Wave Analysis : Zoomed Up 11% , Levels Bang On !!!!!!

Dear All,
                    On 14 Aug , posted that we might find support @lower levels , kindly read http://abhaymehrotra.blogspot.in/2017/08/nickel-neo-wave-analysis-support-lower.html

                                                       Below is the chart  posted on that day

What Happened After Updare 

Nickel Zoomed Up From Exact support Area 665 to 738

Imp: This Update is Strictly For Educational Purpose 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

The Art Of Trading Without Trading !!!!!!!!!!!!

Dear All,


                                   I start with Quote from One of the Best Trader of All time Jesse Live more

" After spending many years in Wall Street and after making and lossing millions of dollors I want to tell you this : It never my thinking that made big money for me . It always my sitting . Got that ? My sitting tight ! It no trick at all to be right on markt " .............Jeese livemore

Here Jesse reffreing to sitting tight for trade that is according to your trade plan . You need to wait , wait and wait till right setup comes in market as per you trade plan .


   The Biggest Edge the retail trader has , is not to trade .........surprised , let me explain , most of strong                        hands like Fii , Dii need to be have positions in market every time ......regardless of market conditions .
         
    We as retail traders has got this "Big Advantage" Not to trade when our trading plan don't permit us You can't control market prices , only thing that you can control is to put your money on trades when and only when your trading plan gives you desired conditions to go for trade ,like risk reward ratio to do so .


But we are not aware of this advantage or should i say never think of it .......just give a thought , in whole trading  process what is under your control ......"your entry price "  is the only thing that you can control .........if you use limit price order ........in market price order even that is also not sure at which price you get filled for trade , then why you jump on trades without giving a thought that if you are not getting desired entry price and you have not put a trade is your advantage .....by not trading you are using it as your advantage.

The problem with most of traders is that they want profit on every trade , want to trade every swing of market  and ultimately take losses in market .

Intra day Trader - Only concentrate on 2-3 trades max in a day , if you cant find a single trade as per your trading plan ......dnt worry you just have use your biggest advantage in your favour

Swing Trader -Only concentrate on 2-3 trades max in a Week , if you cant find a single trade as per your trading plan ......dnt worry you just have use your biggest advantage in your favour

Positonal Trader - Only concentrate on 2-3 trades max in a Month , if you cant find a single trade as per your trading plan ......dnt worry you just have use your biggest advantage in your favour

Dnt Trade Market , Trade according to your Trading Plan.


Next time you want to take a trade think 100 times why your taking that trade .........as you will be using the only and the only biggest advantage you have as a trader by simply not trading   .


Hope you have find this article useful

M : 9873511276

Thanks & Regards

Abhay Mehrotra

Silver Neo Wave Analysis : Make Or Break !!!!!!!!

Dear All,
                                                        We  are at Make or Break Level in Silver

Imp : This Update is Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Silver Neo Wave Analysis: Still Upside Left , But Resistance @ Higher Levels !!!!!

Dear All,
                          Silver seems to have some upside left , But need to cautious @Higher levels

Imp: This Update is Strictly For Educational Purpose 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nickel Neo Wave Analysis : Zoomed Up 4% , Perfectly Bounce from Support Levels !!!!!!!

Dear All,
                           On 16 Aug posted that nickel might find support @ lower levels , kindly read http://abhaymehrotra.blogspot.in/2017/08/nickel-neo-wave-analysis-support-lower.html

                                   
                                                           Below is the chart posted on that day

What Happened After Update 

Nickel  Zoomed Up 4% From support levels so far 

Imp : This Update is Strictly for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Natural Gas Neo Wave Analysis : Cracked 5% , Perfectly Hit Resistance & Reversed !!!!

Dear All,
                                  On 10 Aug , posted  Natural Gas Can Find Resistance @ Higher levels kindly read http://abhaymehrotra.blogspot.in/2017/08/natural-gas-neo-wave-analysis.html

                                                              Below is the chart we posted on that day

What Happened After Update 

Natural Gas Reversed Exactly From 194 levels 

Imp : This Update is Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Zinc Neo Wave Analysis : Zoomed Up 12% , Levels Bang On !!!!!

Dear All,
                           On 4 Aug posted that we might start Impluse in Zinc , kindly read http://abhaymehrotra.blogspot.in/2017/08/zinc-neo-wave-analysis-set-for-impluse.html

             
                                                     Below is the chart we posted on that day

What Happened after Update 

Zinc zoomed up from 179 to 200 levels 

Imp: This Update is Strictly For Educational purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Zinc Neo Wave Analysis : Zoomed Up 8.5% , Levels Bang On Target !!!!!!!

Dear All,
                              On 4 Aug posted that Zinc might set for Impulse move , kindly read http://abhaymehrotra.blogspot.in/2017/08/zinc-neo-wave-analysis-set-for-impluse.html

                                                             
                                                               Below is the chart we posted on that day

What Happened After Update 

Zinc Zoomed Up 8.5% 

Imp : This Update is Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Crude Oil Neo Wave Analysis : Cracked 3% , Levels Bang On !!!!!

Dear All,
                         On 1 Aug posted that  Crude is trading at Make or break Levels , kindly read http://abhaymehrotra.blogspot.in/2017/08/crude-neo-wave-analysis-make-or-break.html

                                                        Below is the chart we posted on that day

What Happened After Update 

Crude cracked from 3160 to 3065 levels so far 

Imp: This Update is Strictly for Educational Purpose

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nickel Neo Wave Analysis : Support @ Lower Levels ?????

Dear All,
                                                  We might find Support @ lower levels in Nickel

Imp : This Update is Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Zinc Neo Wave Analysis : Support @ Lower Levels ???

Dear All,
                                                         Zinc might find support @ lower levels

Imp : This Update is Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Neo Wave Analysis : Collapse 370 Points , Levels Bang On !!!!!!!!!!!

Dear All,
                                                         

                                    On 2 Aug posted that Nifty is at Imp levels , kindly read http://abhaymehrotra.blogspot.in/2017/08/nifty-neo-wave-analysis-make-or-break.html

         

                                                             Below is the Chart posted on that day

What Happened After Update 

Nifty Collapsed from 10070 to 9700 levels so far 

Imp : This Update is Strictly for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Natural Gas Neo Wave Analysis : Resistance @ Higher Levels , Its Make or break For Natural Gas

Dear All,
                                                Natural gas can find resistance @ higher levels

                                      Only breakthrough above resistance can leads to higher prices

Imp : This chart is  Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Neo Wave Analysis : Collapsed 300 Points , Levels Bang On !!!!!!!

Dear All,
                                On 4 Aug posted that Nifty is at Critical levels , kindly read http://abhaymehrotra.blogspot.in/2017/08/nifty-neo-wave-analysis-make-or-break.html


                                                         Below is the chart posted on that day

What Happened After the Update 

Nifty Collapsed From 10070 to 9777 Till Now 

Imp: This Update is Strictly for Educational Purpose Only 

M : 9873511276 

Thank & Regds 

Abhay Mehrotra 

Copper Neo Wave Analysis : Zoomed Up 3.5% , Held Support Perfectly !!!!!!!!!!

Dear All,
                          On 2 Aug , posted that we might find support @ lower levels in Copper , kindly read http://abhaymehrotra.blogspot.in/2017/08/copper-neo-wave-analysis-support-lower.html


                                                           Below is the chart posted on that day

What Happened After Update 

Copper Zoomed Up From Support levels 

Imp : This Update is Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Zinc Neo Wave Analysis : Zoomed Up 6% , Levels Bang On !!!!!!!!

Dear All,
                        On 4 Aug posted that Zinc might start Impulse , kindly read http://abhaymehrotra.blogspot.in/2017/08/zinc-neo-wave-analysis-set-for-impluse.html

                                                              Below is the chart posted on that day

What Happened After Update 

Zinc Zoomed Up 6% 

Imp : This Update is Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards

Abhay Mehrotra 

Nifty Neo Wave Analysis: Cracked 145 Points , Levels Bang On !!!!!!!!!

Dear All,
                              On 2 Aug posted that below 10070 , we might see weakness in Nifty , kindly read http://abhaymehrotra.blogspot.in/2017/08/nifty-neo-wave-analysis-make-or-break.html

                                                         Below is the chart we posted on that day

What Happened After That 

Nifty cracked 145 Points 

Imp : This Update is Strictly For Educational Purpose

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Zinc Neo Wave Analysis : Set For Impluse ???

Dear All,
                                                                  Zinc might start implusive Move

                                                               

Imp : This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

My Trading Mistakes : Part One

Dear All,

Its been 15 years in this market , in these 15 years I have experienced Bull markets and Bear Markets also ,And here I stand today with collection of my trading mistakes 

.

Mostly no body want to talk about their mistakes in life as same applies to trading as well.

As if people want to show off themselves as perfect human being  and perfect trader who mostly make money , but in reality as  you know is not the case .

I will write series of article to share with you my trading  mistakes and how I fought with them or tried to minimize them in my trading endevour .So let get started

One of the unique thing in trading and in life also ,when we commit a mistake , we don’t realize it until the result of that mistake is in front of us.

One of the first  mistake I realize in my trading was , that I dnt have a “ written trading plan “

Its secondry that wether your trading plan will be successful or not , you need to have a written trading plan . As it will provide you clear goals , that you can focus on .

If you take trading as a game , then like most professional sport person you need to have a game plan.
 For ex. , In  Cricket  , Team combination will depend on the Pitch and environmental conditions .

If you take trading as a war , then as a warrior / soldier you need to have a plan how you will combact in real war situations .

With a trading plan its like traveling without  any particular destination in mind , ultimately you won’t reach where u want to be .

Now what exactly a Written Trading Plan should consist .  Just to share my perspective I guess these are few points which need to be addressed before you even think of putting up a single trade .

1.Why Trading ......... Have you ever asked yourself why you want to trade ??

2. Your Style of Trading .... Positional / Swing / Intra day ??

3.What's your Edge in Trading ???

4.How much time you devote In studying Markets ??

5.Have you define which markets will you trade ???

6.On what basis you decide to enter into a trade ???

7.Exit criteria ??

8. Money Management rules ??

9. Position sizing ???

These were  few points that you should consider while making a trading plan .

Now why I consider not having a trading plan as mistakes and how it transformed my trading result when I had one .I  learned Technical analysis by myself , then after learning technicals and with few good  money making trades , I started thinking as if I can make profit very easily , but later on market taught me a hard lesson.

I started as a intra day and swing trader , and use to combine diff technical studies to take trades and was trading every day , trying to capture every swing of the market , rather focusing on main trend , I was just trading and quite late I realize that I am just not making enough money inspite giving my whole time to trading , I was just making brokerage for my broker and at times I suffered huge lossess .

The problem is  their was no direction , what exactly I want to achieve from trading , please note money is by product of trading , emotions tends to take over me , the moment any position start going my way I start thinking that by end of this trade I will make 20k or 50k depending on my position size and then when all of a sudden when position get against me I had no clue.

Iwas Making Money then giving up , was not prepared to take it , even after putting my best efforts things were not working .this continued for few days and I realize that we need to have a whole set of trading plan which can guide you right from very beginning what you  want to achive.

How trading plan help me in overcoming my mistakes , my trading plan given me specific goals , like when not to trade , how to handle winning position and how to handle loosing one , please note this will come after great amount of losses and hardship  , so be prepared for that .

Please note trading plan will evolve as you spend time trading with it , when I started 15 years back trading , I am complete different trader now , Now I Trade positional trades only max 10 trades or ideally 4-5 trades in a month .

Its hardly matter wether u trade intra / swing or positional , but to  know what style you trade is very imp ,Its like self awakening ,  knowing which direction you need to go .

The most imp thing , no matter how good you make your trading plan , u need discipline to follow it , ys evolution of trading plan will happen , but don’t hop around different methods frequently .

Before you start Trading you need to ask yourself , why u want to trade , you will surprise to know the answer will change every thing in trading equation .

Lets say I am having a job and want to have a secondry income source , since I am having a full time job , active trading style intra and swing will not suit me , as they require continous terminal viewing .So best for you is to do positional trades , if you will try intra and swing , your main job will start getting affected .

Now if you want to do intra , please note its like driving formula one racing car , chances of losing all your capital are quite high , as you will be againt those players who use high frequency robotics models to trade with . trading intra is  a full time occupation , you need to prepare really well .

You need to write every single point that affects your trading and then make a detail trading plan addressing every aspect of trading .

My simple mssg  is, before you even put your single penny in market , please make a detail trading plan .And let it evolve through your experiences and mistakes .

Please note Trading is a journey very similar to life , learn adapt and then learn again from your mistakes .Hope my article will help you to avoid one of the mistake of not having a Trading Plan .

Rgds

Abhay Mehrotra

M : 9873511276

Copper Neo Wave Analysis : Support @ Lower Levels ???

Dear All,
                                                  We might find support @ Lower levels in Copper

Imp : This Update is For Educational Purpose only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Neo Wave Analysis : Make Or Break ???

Dear All,
                                                                    Nifty is at Critical Level

Imp: This Update is For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

How to Become Doctor In Two Days !!!!!!!!!!

Dear All,
               


  Can you think of becoming Doctor in 2 Days , Then why people think that they can become                                         trader in 2 Days ???.

Trading like any other Professions require Following steps  to Succeed

1. Training :  Have you seen any body  becoming doctor / engineer / lawyer in 2 days forget about being successful , the answer is no

Doctors go through rigirous Training , MBBS - 5 years + M.S. -- 2 Yrs , then they practise in some hospital for 2-3 Years and then they stand on there own . Total Min yrs Spent on learning or Training 10 Yrs .

Lawyers  complete LLB in 5 Yrs & After practising for atleast min 5 yrs can think of starting on their own . Min ysr spent on learning or Training  10 Yrs.


Professional Players spent hours & hours on training , Tiger Woods used to have training schedule of 12 Hours per days , Our Great Sachin tendulkar Used to train min 6--8 Hours Daily on Nets .


Remember Your are Competing with one of the best & sharpest Mind in the world of Trading , You dont have slimest of chance if you are not prepared well.


Becoming a Professional Trader require rigirous amount of training , which most people dont do and then they loose there money in Market .






2. Planning :  Doctors have a set guide lines / Dignosis which they follow in treatment of people / same applies to professional athelets , they plan there innings or game and then tacticaly execute them on field .

As a Trader have  you ever plan your trades or Have gone through these question before taking Trades

1.Why Trading ......... Have you ever asked yourself why you want to trade ??

2. Your Style of Trading .... Positional / Swing / Intra day ??

3.What's your Edge in Trading ???

4.How much time you devote In studying Markets ??

5.Have you define which markets will you trade ???

6.On what basis you decide to enter into a trade ???

7.Exit criteria ??

8. Money Management rules ??

9. Position sizing ???

10. Are you having a Written Trading Plan ??



You need to Plan your Business of Trading  else chances of success are almost Nil .



3. Discpline : Doctors / Lawyers / Professional Athelets / Engineers they follow discpline in these profession , same applies to Trader's Also . Displine to follow your Trading plan make the diffrence between a Professional  Trader or Amatuer Trader .


The moral of the Story is you need intense Training / Planning / Discpline to be come a Profitable Trader ...........else you will kepp loosing money .




Thanks & Regards

Abhay Mehrotra

M :9873511276

Crude Neo Wave Analysis : Make Or Break ????

Dear All,
                                                        Crude might completed Wave C on Upside

Imp: This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra