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Showing posts from March, 2023

Day 84 - Gene of a Trader...

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 I never thought this 100 day challenge will take me to the places which I have never explored. This challenge is about health and I have started to learn about ayurveda. Joined online classes to learn it. Daily homework, test about what we learnt previous day and remainder about class timings etc, life got very busy.  I have learnt a simple effective meditation technique which I do for a minute or 2 during trading hours. Do you know you can change your genetic code? When changing genetic code is a possibility, then everything is a possible. You can control your impulsive trading.  What do you think? You may like to read this

Resistance - Dont be your own resistance

 Price will fall from the resistance. Price will move in sideways around resistance. And when price gains strength it will break the resistance. Like that everybosy face certain situations in trading. Some times we will have back tested data. Some times there wont be any back tested data. What to do that time? Follow the rules and do what you have to do based on your values & intentions. This is applicable for both life and trading. People get scared all the time. But does it help you? Does it make you to move towards your goal? Dont be your own resistance. Dont limit yourself. Dont get scared. Greater good is waiting for you. Be your own hero/heroine. You are a fighter. Remember that always. This is for you . If you are scared that market has bearish sentiment.  This is for you .If you are scared to take important decisions  in life.  Oh this post sounds serious :D You may like to read this post.  Trading & situational awareness

Indicators & Situational Awareness

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 When I saw the telegram poll result, in my mind, I got few questions. How can an indicator fail & how it gives loss to a trader. Is it that indicator's fault? Can indicator think? Can indicator have flexibility to adapt the situation? Then why traders are blaming it for their loss? Only a human can have the ability to develop situational awareness. Now the question is what is situational awareness and how it is connected to trading.  A trader should have the ability to undestand what is happening in share market, why the price is moving in that way, how it will move in future etc. I can say frankly I didnt have this ability by birth or my environment did not teach me that, but once I gained experience in trading I have started to develop the ability to be aware of what is happening around me. This ability helps a trader to make use of the right trade set ups. Now you know that. Indicator did not have the power to decide your profit/loss. Only one person has the power to determ

Hedging...

 We can not always expect the market will move as per our expectation. To reduce the damage and to reduce the risk, we hedge.  Without action, the best intentions in the world are nothing more than that: intentions. May be you know a lot, but knowing is different from doing. Knowledge about trading is different from executing the trades. I dont believe in words, I believe in action. Adding another 100 days challenge to hedge my 1st 100 days goals which I started in 2023. 1st 100 day goals have rules & exception for every rule. 2nd 100 day has rules, but no exceptions in it. You may like to read these previous posts. Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 Step 8