Nifty Pvt Bank Index : Make Or Break ???

Dear All,
                                                        Nifty Pvt Bank Index Trading at Imp Levels
                                                                     

Imp : This Update is for Educational Purpose Only 

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 reffering 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

Nifty Pharma : Zoomed Up 27% , Levels Bang On !!!!!!!!

Dear All,
                   On 14 April posted that , We might be set for Wave X , Kindly read http://abhaymehrotra.blogspot.com/2018/04/nifty-pharma-bullish-flag-ready-steady.html


                                                           Below is the chart posted that day

What Happened After Update 

Nifty Pharma Zoomed  Up from 8000 to 10142 so far 

On July 17 , shared that we might see Bulls again taking over in Pharma Index 

Kindly read http://abhaymehrotra.blogspot.com/2018/07/nifty-pharma-perfectly-bounced-from.html

Below is the chart posted that day 

What Happened After It 

Nifty Pharma perfectly held swing support and again Zoomed Up 

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Infra : Zoomed Up 7% , Levels Bang On !!!!!!!

Dear All,
                        On 3 July , posted that we might close to major support , kindly read http://abhaymehrotra.blogspot.com/2018/07/nifty-infra-time-price-triangulation.html


                                                            Below is the chart posted that day

What Happened After Update 

Nifty Infra made exact bottom at support & Zoomed Up

from 3000 to 3225 levels so far

Imp: This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Pharma : Zoomed Up 24% , Levels Bang On !!!!!!!!

Dear All,
                   On 14 April posted that , We might be set for Wave X , Kindly read http://abhaymehrotra.blogspot.com/2018/04/nifty-pharma-bullish-flag-ready-steady.html


                                                           Below is the chart posted that day

What Happened After Update 

Nifty Pharma Zoomed  Up from 8000 to 9970 so far 

On July 17 , shared that we might see Bulls again taking over in Pharma Index 

Kindly read http://abhaymehrotra.blogspot.com/2018/07/nifty-pharma-perfectly-bounced-from.html

Below is the chart posted that day 

What Happened After It 

Nifty Pharma perfectly held swing support and again Zoomed Up 

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 sucssecful , 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

Nifty Mid Cap 50 Index : Resistance @ Higher Levels ???

Dear All,
                                                           We might find resistance @ higher levels

Imp : This Update is strictly for Educational Purpose Only 

M : 9873511276 

Thanks & Regards

Abhay Mehrotra 

Nifty Metal Index : Cracked 5% , Levels Bang On !!!!!!

Dear All,
                              On 9 Aug posted that we might face resistance @higher levels ,kindly readhttp://abhaymehrotra.blogspot.com/2018/08/nifty-metal-index-resistance-higher.html


                                                         Below is the chart posted that day

What Happened After Update 

Nifty Metal cracked from 3512 to 3329 so far 

Imp : This Update is Strictly for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Dow Jones Index : Will Wolfe Wave Work ???

Dear All,
                                                      We might have Wolfe wave active in Dow Jones

Imp: This Update is for Educational Purpose Only 

M : 9873511276

Thanks & Regards 

Abhay Mehrotra 

Nifty Psu Bank Index : Cracked 9.5% , Levels Bang On !!!!!!!

Dear All,
                              On 9 Aug posted that we might find resistance @higher levels , kindly read http://abhaymehrotra.blogspot.com/2018/08/nifty-psu-index-resistance-higher-levels.html


                                                             Below is the chart posted that day

What Happened After Update 

Nifty Psu Bank Index Cracked from 3447 to 3119 so far 

Imp: This Update is for Educational Purpose Only

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Why Trader's Loose Money !!!!!!!

Dear All,

Almost 95% of traders loose money in Market.

Reason are plenty ..........but we discuss few of them

If have answers to following question then only you making succesfully in trading else you are loosing money .


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 ??

Trading is Business nothing else .............if your expenses are high (losses) then you will not earn profit in a business ......same apply to Trading also

Most people thing that only way of making money in trading is to have 10 out 10 or 10 out of 8 trades to be successful ............it is absolutely wrong

let me give you example ..

let say i put 10 trades with 40% accuracy

Winning trades 4 with an average profit of 6 rupees per trade ---4*6=24

Loosing trades 6 with average loss of 1 ruppes each 6*1=6

Profit in 4 trades =24

loss in 6 trades = 6

Net Profit =18 rupees


so see even if your accuracy rate is only 40% you still make good money ......so if any body claiming 90% and 99% accuracy he is fooling you this is blunt truth that most people dont understand

If you follow this mantra only you will make money " cut your loss fast and let your profit run"

very easy to say but very difficult to follow .

Most Advisory people claim 90%---99% accuracy ...........use your common sense if any body has this kind of winning ratio he will become multi millionare in very short time and why he will sell his advice .

"Trading is all about Probablities never certainity "

People sell magic software , claims giving operators tips ............and catch greed of innocent traders

"Consistent money always comes from hard work "


Hope you find this post useful !!!!!

Thanks & Regards
Abhay Mehrotra

Nifty Psu Bank Index : Cracked 6% from Exact Resistance , Levels Bang On !!!!!!!!

Dear All,
                                 On 9 Aug posted that we might find resistance @higher levels , kindly read
http://abhaymehrotra.blogspot.com/2018/08/nifty-psu-index-resistance-higher-levels.html



                                                                 Below is the chart posted that day

What Happened After Update 

Nifty Psu Index 3447 to 3215 in Single Day 

Imp: This Update is for Educational Purpose Only 

M : 9873511276

Thanks  & Regards 

Abhay Mehrotra

Nifty Metal Index : Resistance @ Higher Levels ???

Dear All,
                                                         We might find resistance @ higher levels

Imp: This Update is for Educational Purpose Only

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Psu Index : Resistance @Higher levels ???

Dear All,
                                                         We might find Resistance @ higher levels

Imp: This update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Pvt Bank Index : Resistance @ Higher Levels ???

Dear All,
                                                       We might find resistance @Higher Levels

Imp: This Update is for Educational Purpose Only 

M :98735112876

Thanks & Regards 

Abhay Mehrotra 

Don't Quit Your Job For Being a Trader !!!!!!!

Dear All,
                    I was forced to write this post , as every day lots of mssg were coming from people who want to become trader . Most of them were working professionals you were either got bored with their job or not happy with their job and want to take Trading as Full time Career .

Some of common Question were :

Q1. The participants ask me Can Trading as a profession replace Job ???.

Q2. How much Money I can Make In Trading every Month , Every year ???

Q3. As lots of Trading Guru's Offering Trading Program now a days does these program can help them in becoming Successful trader ???

Q4.. How Much Capital is Sufficient for Trading ?

Q5. Does Taking Advisory / Tips Help in making capital grow ???

Now I will Try to give answer to these question on basis of my 12 years experience as A Trader

Please note these are just my views I can be Wrong as Well , I humbly accept that .


Q1 Can Trading as a profession replace job ???

Ans1 : No , If u think you are looking for linear  returns every months .......like 5% or 10% etc...

For example you are getting salary of 1lakh per month , and if you start trading with capital of 10 lakh , you need to deliver 10% on monthly basis to make sure you equal what you get in ur job .
though 10% looks very easy , but making 10% on consistent basis is really a tough task .

As a Trader , your mind should focus on following ur trading plan rather focusing on the returns .
Trading is 80% psychological In Nature .........though retail and amateur trader thinks if they get some magical method then only they can make money .

If You are looking for Financial Security then Trading don't provide that .

At times it has happened with me i traded full month only to find dent in my capital at the end of the month .

When you are in job you have Life insurance , health insurance provided by Company you work in

You get yearly bonus . But In Trading you don't have all these things .

Trading " Can Not Provide Fix or  Consistent Money On Regular Basis  " 

As a Trader  I don't shy in saying that I still have loosing Weeks / Months As well .......


Q2.  How much Money I can Make In Trading every Month , Every year ???

 Ans2. The First year target of a new trader should be Saving his capital forget thinking about returns
           90% of New Traders Loose 90% of their Capital in 90 days . The focus of trader should in                  starting years should be formulating his core trading plan , first few years the target should be                    Protect capital and Focus on the process of Trading .

           Trading " Can Not Guarantee Fixed returns or Stable Income Evey Month " 

Q3. As lots of Trading Guru's Offering Trading Program now a days does these program can help them in becoming Successful trader ???


The Trading Educator , can only teach you "Trading  Method " its the Trader ability to make money using that method ........as Trading require Emotional discipline, which most People Lack .

You will surprise to Know that in trading , Trading method is just 20% part of whole Trading business. Rest are emotional discipline , Risk Management , Trade Management etc..


Dont get Into Trap of becoming master traders in just two days 

Just ask your self how much time does you have taken to be in job .

Doctors need to do MBBS (5 Yrs) + MS (2 Yrs  ) 

Engineer Needs to Do Btech ( 4 yrs )  

Lawyers Need to do B.A.+ LLB (5 Yrs ) 

C.A Almost take Min 5 yrs  


Then why you get into trap of becoming Trader in Two days program ???

New Traders Please join Nse Certified Courses as they are of reasonable cost and Industry accepted also .


No Trading Guru can Make you a successful Trader In Two days .


Q 4.. How Much Capital is Sufficient for Trading ?

Ans 4.  If your Starting your Trading career then i suggest start with small amount so that even if you loose , you still have money to come back to trading again .

Start  Trading With Big Money only when you being profitable or Break even for Continuous 3 years .



Q 5. Does Taking Advisory / Tips Help in making capital grow ???

Ans 5.  In most cases it wont work for but if you want to put your money on Them ......Take Advisory of Only Sebi Certified Research Analyst " .


If your passionate about Trading start with doing a Basic Technical Analysis Course .....try to learn different Technical studies and Start Trading on small account but make sure you follow your trading plan with discipline .

In initial years focus on the process of trading rather thinking about returns and making money .......once you mastered the process the returns will start coming in .

Please note that Trading is Simple But Not easy .

Don't get into trap of Trading Guru's or Advisory who claims you making Profitable Over night .

If you need to Bowl to Virat Kholi in a Match ....Do You think you can take Bowling course of Two days and then can Face Virat Kholi in a Match and bowled him out . Then why you think you will become Profitable trader By Doing two day workshop .

Can you become Doctor in Two days ???

Can you become C.A. in Two days ???

Then Why you think you will become Trader By Attending two days workshop ???

Please value your Job !!!!!!

Thanks & Regards

Abhay Mehrotra

9873511276

Natural Gas: Support @ Lower levels ???

Dear All,
                                                                 Natural gas holding Support

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Metal Index : Zoomed Up 12% , Levels Bang On !!!!!!!

Dear All,
                                                       
                           On 18 July ,posted that we might close to support in Nifty Metal Index ,kindly read http://abhaymehrotra.blogspot.com/2018/07/nifty-metal-index-set-for-bounce-from.html


                                                           Below is the chart posted that day

What Happened After Update 

Nifty Metal Index Zoomed Up from 3062 to 3423 levels so far 

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards

Abhay Mehrotra 

Nifty Psu Bank Index : Zoomed Up 20% , Levels Bang On !!!!!!!

Dear All,
                                   On 9 July posted that Nifty Psu Bank Index Might be close to support,kindly read http://abhaymehrotra.blogspot.com/2018/07/nifty-psu-bank-index-support-lower.html


                                                                Below is the chart posted that day

What Happened After Update 

It Zoomed Up from 2772 to 3350 till now

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Energy Index : Resistance @ Higher Levels ???

Dear All,
                                   We might find resistance @ higher levels in Nifty Energy Index

Imp: This Update is Strictly For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Bank Nifty : Zoomed Up 1600 Points , Levels Bang On !!!!! What Next ???

Dear All,
                                   On July 4 , posted that double bottom in Bank Nifty might hold , kindly read
http://abhaymehrotra.blogspot.com/2018/07/bank-nifty-will-double-bottom-hold.html


                                                         Below is the chart posted that day

What Happened after Update 

Bank Nifty Zoomed Up from 26200 to 27870 

What Next ???

Imp : This Update is for Educational purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty : Time & Price Triangulation Analysis

Dear All,
                                                                              Price Analysis 

Time Analysis 

                                  Gann Time Cycles are active between 1 Aug --- 15 Aug (+-5) days

                                   When Time & Price Combine changes Happens .....W.D. Gann


                                         Imp : This Update is for Educational purpose Only

                                                                     M :9873511276

                                                                   Thanks & Regards

                                                                      Abhay Mehrotra

Nifty Consumption Index : Resistance @ Higher Levels ????

Dear All,
                                                       Nifty Consumption Index is Close to resistance

Imp: This Update is for Educational Purpose Only 

M :9873511276

Thanks & Regards

Abhay Mehrotra 

Nifty Pharma Index : Zoomed Up 9% , Levels Bang On !!!!!!!!

Dear All,
                               On 14 April posted that we might find support @ lower levels , kindly read http://abhaymehrotra.blogspot.com/2018/04/nifty-pharma-bullish-flag-ready-steady.html


                                                         Below is the chart posted on that day

What Happened After It 

On 17 July posted this chart and updated that Bull Will take driver seat 

http://abhaymehrotra.blogspot.com/2018/07/nifty-pharma-perfectly-bounced-from.html

What Happened After Update 

Nifty Pharma Zoomed Up from 8700 to 9500 levels so far 

Imp: This Update is For Educational Purpose Only 

M : 9873511276

Thanks & Regards 

Abhay Mehrotra