Yesterday what I had written about NCDEX Castor Seed? FIRST, CLICK HERE AND SEE IT I said, “Go and sell it without any worry!” Do you remember or not? When it was running at 3144.. Yesterday Castor Seed: “SELL CASTORSEED @ 3148 LEVEL. TARGETS: 3100-3000. SHORT-TERM TARGET: 2900” Castor Seed made low 3114.. wait and watch it continue and carefully…. More information we will update very soon… Note: Yesterday Mentha oil made good low and just miss 4 point and it’ll done after opening bell….
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Once you come to the realization that your trade is no good it’s best to exit immediately. It’s never aloser until you get out and Not to worry, it’ll come back are often said tongue in cheek, by traders in the pit. Once the phrase is stated, it is an affirmation that the trader realizes that the trade is no good, it is not coming back and it is time to exit.
Nifty Futures Tips
(Updated on 31-05-2012 Time 8.50 AM)
Given the foreign markets, Nifty Future likely to open down
by about 40-45points.
Trading below 4920 will drive it even lower up to 4902-4892.
Sustained Trading below 4885 will cause panic free fall up to 4844-4826.
Hurdle at 4974-4985 area intraday upper levels.
Bearish view below 4920.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
What I said about Mentha oil? CLICK HERE TO SEE IT I told you,“Mentha oil will continue move downside and our targets was 1212-1174-1146.” Our first target blast and near to touch second target! Everyday munch money with moneymunch!
110% Looking very hot! Castorseed is closed 3144. Today go and sell it without any worry.. No worry @ all.. Targets: 3100-3000 Short Term Target: 2900 Today I’m going to write about Gold and Potato…you want to read it? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Unlock This Article
Only subscribers can read the full article. Please login to read the entire article.
You are not a loser because you have a losing trade on. You are, however, a loser if you do not get out of the losing trade once you recognize that the trade is no good. It’s amazing to me how accurate your gut is as a market indicator. If, in your gut, you have the idea that the trade is no good then it’s probably no good. Time to exit. Every trader has losing trades throughout the session. A typical tradeday for me consists of 33 percent losing trades, 33 percent scratches and 33 percent winners. I exit my losers very quickly. They don’t cost me much. So, although I have either lost or scratched over two-thirds of my trades for the day, I still go home a winner
Nifty Futures Tips
(Updated on 30-05-2012 Time 8.50 AM)
As we mentioned yesterday NF formed high at 5011 and fall.
We also indicated that failure to sustain above 5001-5009
might move it down. It tried two times in last session to
take this high but couldn’t.
Now for Today…
Likely to open with negative note.
Trading below 4966 will drift down it to 4950-4938-4920
Sustained trading below 4920 may see panic upto 4884
Trading above 4995 for 15 minutes with sizable volumes
no worry for bulls and see 5009-5028-5036 area which seems
quite strong barrier to sustain in intraday.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Too many new traders think that because they have $25,000 equity in their trading account that they somehow have the right to trade five or ten e-Mini S&Pcontracts. This cannot be further from the truth. If you cant trade a one lot successfully, what makes youthink that you have the right to trade a10 lot?I demand that my students show me atrading profit over the course of tenconsecutive trading days trading a . one lot only. When they haveachieved a profitable ten-day period,in my eyes, they have earned the rightto trade a two lot for the next ten trading . sessions.Remember: if you are trading poorlywith two lots you must lower yourtrade size down to a one lot.
Nifty Future Calls
(Updated on 29-05-2012 Time 8.33 AM)
Yesterday’s session saw steady but nice gain.
As we had written yesterday trading above 4931-4938
drove NF went up to 4988.
Short term trend likely to remain intact and move up to 5019-5034-5049
if trades above 5001-5009.
4970-4955 support area. Trading below 4955 with volumes for 15-20 minutes
will drag NF to 49022-4907 levels.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Unlock This Article