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