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MCX Nickel looking downward but it’s risky! You can sell it around 976 and Stoploss 980 Intraday Targets: 969-965 Positional Target: 959.5 Remember: Risky call, trade carefully
Natural gas is looking weak and intraday traders for available great opportunity. It can touch 175-173.
Small Traders for small opportunity available on Aluminum Targets: 108.7-108.5
Are you sure, you want to earn money without risk? Go and Sell MCX Cardamom Targets: 930-924-909
Are you NCDEX Player and you wanna to earn only? Close your eyes and Sell NCDEX Soybean! Ultimate Targets: 2870-2810-2751-2644
Do you want to know more about Commodity Market?
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Traders lose money (Fear Stock Market) because of wrong thinking, misplaced emotions, and wanting to be right. We know fear and greed drive the market prices far more than fundamentals do. The emotions of fear and greed are the key reasons traders do the wrong things at times. Fear makes traders not take entries and miss trends, fear also cause traders to sell winners early scared of giving back paper profits only to miss out on big profits when they were right. Greed is the driver behind traders taking positions far too big and risky for their account size and then greed keeps traders holding losing positions wanting their losses back instead of just accepting their losses and looking for a better potential profit.
Here are four great examples of fear over ruling sound trading strategies.
The fear of being wrong: Traders fear being wrong so much they will hold a small loss until it becomes a huge loss. Even adding to the loss in the hopes of it coming back and getting to even. Don’t do this, holding on to a loser after it hits your predetermined stop loss is like being a reverse trend trader. Do not be afraid of being wrong small be afraid of being wrong in a BIG way by not cutting the loss.
The fear of losing money: New traders hate to lose money, they do not quite understand yet that they will lose 40%-60% of the time in the long term. We should come to expect the small losses and wait for the big wins patiently. Many times traders fear this so much that they have a hard time taking an entry out of fear of losing. If you can’t handle the losses as part of the business, you can’t trade.
The fear of missing out: The opposite of the fear of losing money is the fear of losing potential profits. This causes traders to watch a stock go up and up, miss the primary trend, then not being able to take it any more and get in late just in time for the trend to reverse and lose money. Trade at your systems proper entry point do not chase a stock because you are afraid to miss out on some profits.
The fear of leaving money on the table: When your trailing stop is hit get out of the trade. If your rules tell you to get out after a parabolic run up and stall then exit. You must be disciplined on taking money off the table while it is there. Being greedy for that last few dollars when your system says to sell could lead to major losses of paper profits. Let your winners run but when the runner gets to tired to continue: bank your profits
Many new traders are taken out of the trading game through bad mental practices. Here are some things that top money managers have shared through interviews and books that may help traders who are making mental mistakes in their trading.
Ten Powerful Psychological Traits of the Rich Trader
They have the ability to admit they were wrong and get out of a trade. They know the place where price proves them wrong.
They have the ability to not only close a losing trade but reverse and go in the other direction when it is called for.
The rich trader is not trying to prove anything about themselves they are focused on making money.
They do not fall in love with an idea, currency, commodity, or stock they will make trades based on price action.
Rich traders know that the market action is their ultimate boss regardless of their opinions.
No matter how sure they are about a trade they still ALWAYS manage the risk.
Rich traders get more aggressive when winning and trade smaller or take a break during a losing streak.
A great trader is one that can admit to anyone that they were wrong.
Rich traders do not believe their own hype, they know they can not really predict the future they can only react to current reality and the probabilities.
Rich traders love what they do, win or lose.
When you are trading like that, it is hard to be beaten. Time is your friend.
Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction.”
-Albert Einstein “One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity. Simplicity is the key to brilliance.” –Bruce Lee
One thing that I hear from readers and reviewers of my early Darvas book is that they think it is too simple. They desire more complexity, it can not be that simple to build six figure accounts. Well, all I can say is, “Yes, it is.” I have now averaged approximately 18% a year for a decade in my active trading and investing accounts. This year has been an absurd 62.5% return with my new over laying of options on my trend trading system. So I am not discussing theory I am speaking from personal experience. Trading price action does not have to be overly complicated to be successful.I do not need multiple monitors, complex software, or to actively sit in front of the computer all day. I do need to observe capital flow from chart analysis and take my stops. I do have to let my winners run as far as they will go using trailing stops and cut losses when they are triggered. At the end of the day trading is about being on the right side of capital flow. It is about using charts to buy at key times when the odds are in your favor. Trading is about learning trading methods that make money over the long term then having the discipline and faith to follow those methods. So much of what traders waste their time on with so-called knowledge from others is little more than the noise of opinions from people without proven trading performance. If you want to make money in trading go toward making it more simple not more complicated.
Keep your trading clean, keep what makes you money discard what does not.
Pick a trading style that fits your personality, focus on it and master it.
Focus your time on social media to following only people that teach you how to become a better a trader, ignore the ones that do not add value to your trading.
Keep down the noise of others opinions, turn up your focus on price action that is revealed on the charts.
Do more of what makes you money, less of what loses you money.
Focus your market studies on your trading style not a different method.
Decrease the number of indicators that you use to only the most relevant. Price is the ultimate indicator.
Quit chasing the Holy Grail of trading, there isn’t one, trading is something you just have to work for. Focus making yourself a great trader and the money will follow.
Write a simple trading plan that anyone can understand with your own rules for a Trading Method, Risk Management, and Psychology. Ten for each is plenty.
Focus like a laser on following your own plan, ignore distractions that take you off your own game.
