Nifty Metal Index : Cracked 8% , Levels Bang On !!!!!

Dear All,
                          On 10 Sep , posted that we might face resistance @higher Levels , kindly read http://abhaymehrotra.blogspot.com/2018/09/nifty-metal-index-resistance-higher.html


                                                           Below is the chart posted that day

What Happened After Update 

Nifty Metal Cracked From 3776 to 3471 levels so far 

Imp: This Update is For Educational Purpose Only 

M :9873511276 

Thanks & Regards

Abhay Mehrotra 

Nifty Media : Cracked 12% , Levels Bang On !!!!!!

Dear All,
                     On 11 Sep, posted that we might face resistance @higher levels ,kindly read http://abhaymehrotra.blogspot.com/2018/09/nifty-media-index-resistance-higher.html


                                                           Below is the chart posted that day

What Happened After Update 

Nifty Media Cracked From 2742 to 2412 levels 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Natural Gas : Zoomed Up 14% , Levels Bang On

Dear All,
                            On 6 Aug ,posted that we have support@lower levels in Natural Gas , kindly readhttp://abhaymehrotra.blogspot.com/2018/08/natural-gas-support-lower-levels.html


                                                           Below is the chart posted that day

What Happened After Update 

Natural Gas Zoom up From 196 to 224 levels 

Imp: This Update is for Educational Purpose Only 

Thanks & Regards 

Abhay Mehrotra 

M : 9873

            

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

Dear All,
                               On 23 Sep posted that we might get support @lower levels kindly read http://abhaymehrotra.blogspot.com/2018/09/nifty-realty-support-lower-levels.html


                                                             Below is the chart posted that day

What Happened After Update

Nifty Realty made Exact Bottom at Our Support Levels 

& 

Zoomed Up from 22.35 to 238.65

Imp: This Update is For Educational Purpose Only 

M : 9873511276 

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..

If Any Trading Guru Boast that he can make u Trade successfully after attending his two-- three days workshop please ask the trading guru for his own Audited Trading performance for last 10 years and how much he has earn using that method .

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

Nifty Auto : Double Bottom ??? Its Make or Break !!!!!!!

Dear All,
                                                  Nifty Auto has formed Double Bottom ,will it hold

Imp: This Update is for Educational Purpose Only 

M: 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty : Close Below 11000 , What Next ???

Dear All,
                                                         Nifty Close below Imp levels of 11000

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra

Nifty Realty : Support @Lower Levels !!!!!!

Dear All,
                                                              We might get support @lower levels

Imp: This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regrads

Abhay Mehrotra 

Nifty MidCap 50 : Cracked 14% , Levels Bang On !!!!!, What Next ???

Dear All,
                         On May 2 ,posted that we might have hit resistance , kindly read http://abhaymehrotra.blogspot.com/2018/05/nifty-mid-cap-50-seems-to-be-capped-up.html

                                                               Below is the Chart posted that

What Happened After That 

Nifty MidCap 50 Cracked from 5365 to 4624 

What Next 

We might Have Support @Lower levels 

Imp : This Update is for Educational Purpose Only 

M : 9873511276

Thanks & Regards 

Abhay Mehrotra 

Copper :Zoomed Up 14% , Levels Bang On !!!!!!

Dear All,
                                                On 12 July , posted that we migt get support @lower levels , kindly readhttp://abhaymehrotra.blogspot.com/2018/07/copper-support-lower-levels.html

                                                                   Below is the chart posted that day

What Happened After Update 

Copper Zoomed Up from Support Levels 

from 402.5 to 461.5 so far 

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra

Nifty Pvt Bank Index : Cracked 11 % , Levels Bang On Target !!!!!!!

Dear All,
                            On 8 Aug posted that we might find resistance @higher levels ,kindly read http://abhaymehrotra.blogspot.com/2018/08/nifty-pvt-bank-index-resistance-higher.html


                                                               Below is the chart posted that day

What Happened After Update 

Nifty Pvt Bank Cracked from 16080 to 14276 levels so far

Imp : This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty IT Index : Resistance @Higher Levels !!!!!!!!!

Dear All,
                                                      We might face resistance @higher levels

Imp : This Update is For Educational Purpose Only 

M : 9873511276

Thanks & Regards 

Abhay Mehrotra 

Nifty Metal Index : Cracked 6.8% Intra Day , Levels Bang On !!!!!!!!

Dear All,
                        On 10 Sep posted that we might find resistance @higher levels , kindly read http://abhaymehrotra.blogspot.com/2018/09/nifty-metal-index-resistance-higher.html

                                                            Below is the chart posted that day

What Happened After Update 

Nifty Metal Cracked Perfectly from resistance 

Imp: This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Auto Index : Cracked 13% , levels Bang On !!!! Time to Take Top Gear ???

Dear All,
                         On 2 May posted that we might face resistance in Nifty Auto , kindly read http://abhaymehrotra.blogspot.com/2018/05/nifty-auto-hit-speed-breaker.html


                                                         Below is the chart posted that day

What Happened After It 

Nifty Auto Index Cracked from 11508 to 9935 levels 

Now What Next 

Time To take Top Gear 

Imp: This Chart is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty : Held the Daily Support ??? Set For Wave X ???

Dear All,
                       On 19 Sep posted that we might have support @lower levels , kindly read http://abhaymehrotra.blogspot.com/2018/09/nifty-support-lower-levels.html


                                                                   Below is the chart posted that day

What Happened After It 

Nifty breach Support Intra Day 

& 

Closed  Above support

We might Head Up for Wave X 

Imp: This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Consumption Index : Cracked 7% , Perfectly Reversed From Resistance , Levels Bang On !!!!!

Dear All,
                                  On  2 Aug , posted that we might find resistance @higher levels , kindly read http://abhaymehrotra.blogspot.com/2018/08/nifty-consumption-index-resistance.html

                                                              Below is the chart posted that day

What Happened  After update 

 Nifty Consumption Index Hit High at Perfect Resistance 

& 

Cracked from 5416 to 5020 levels so far 

Imp: This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Natural Gas : Zoomed Up 9% , Levels Bang On !!!!!!

Dear All,
                         On 6 Aug , posted that we have support @lower levels and Natural Gas can move up
Kindly read http://abhaymehrotra.blogspot.com/2018/08/natural-gas-support-lower-levels.html

                                                            Below is the chart posted that day

What Happened After Update 

Natural Gas Zoomed Up from 196 to 214 levels so far 

Imp : This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

      

Nifty : Support @ Lower Levels ???

Dear All,
                                                      We might get support @ lower levels in Nifty

Imp: This Update is for Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Copper : Zoomed Up 10% , Levels Bang On !!!!!!!

Dear All,
                   On July 12 ,posted that we may find support @lower levels , kindly read http://abhaymehrotra.blogspot.com/2018/07/copper-support-lower-levels.html


                                                               Below is the chart posted that day

What Happened After Update 

Copper Zoomed up from Our Support Levels from 402.5 to 443 so far 

Imp: This Update is for Educational Purpose Only 

M:9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Psu Bank Index : Cracked 16% , Levels Bang On !!!!!

Dear All,
                       On Aug 9 shared that we might face 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 16% from 3447 to 2876 so far

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 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

Gold : Make Or Break ???

Dear All,
                                                             We are trading @ imp levels in gold

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Media Index : Resistance @ Higher Levels ???

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

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra

Nifty Pharma : Zoomed Up 35% , 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 10786 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 Metal Index : Resistance @ Higher Levels ???

Dear All,
                                                                     We are very close to resistance 

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nickel : Cracked 10% , Levels Bang On !!!!!!!!

Dear All,
                            On 4 July posted that nickel might find resistance @higher levels kindly read http://abhaymehrotra.blogspot.com/2018/07/nickel-resistance-higher-levels.html


                                                                 Below is the chart posted that day

What Happened After Update 

Nickel Cracked from 985 to 887 levels so far 

Imp This Update is for Educational Purpose Only

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Consumption Index : Cracked 4% , Levels Bang On !!!!!!!!!!

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


                                                           Below is the chart we posted that day

What Happened After Update 

Nifty Consumption held at exact resistance level

&

Cracked 

Imp: This Update is For Educational Purpose Only 

M : 9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Pvt Bank Index : Cracked 3.9% , levels Bang On !!!!!!!

Dear All,
                            On 8 Aug posted that , we might face resistance @higher levels , kindly read http://abhaymehrotra.blogspot.com/2018/08/nifty-pvt-bank-index-resistance-higher.html

                                                          Below is the chart posted that day

On 27 Aug again posted that Nifty Pvt Bank Index need to 

give strong close above 16080 and its trading @make or break situation

kindly read http://abhaymehrotra.blogspot.com/2018/08/nifty-pvt-bank-index-make-or-break.html

Below is the chart posted on that day 

Nifty Pvt Bank Index never gave strong close above 16080

&

cracked 

Imp: This Update is for Educational Purpose Only 

M :9873511276 

Thanks & Regards 

Abhay Mehrotra 

Nifty Pharma : Zoomed Up 32% , 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 10577 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