Market Movers - BN & Nifty

 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

 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

 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 d...

 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

  Who dont want to trade when the market is having momentum?  Every trend trader would love to trade when there is momentum in market. Below is the chart of Bank Nifty on expiry day feb 23, 2023. See the force of falling and recovering. I have updated in the telegram at the right time about profit booking. Momentum wont happen in few seconds or minutes. It takes time to build it. One step forward, then another step and then one more. When price pushes itself step by step, then we get momentum. In challenges, building mometum takes will power. And to trade on indexes, you need will power . Do you have it? Day 56 of 100 days challenge and I have gained momentum :D

  Whenever we have commitments and goals, we get pull backs in between. Though we will be doing everything in our power, it happens. Actually without pull back in trading, healthy trend wont form. And how we differentiate pull backs and reversal? By knowing the trend direction. Similarly in your challenges, when you know what you are doing, how you are progressing, these pull backs are the time where you have to relax and breath. I stay focused when there is a pull back. What about you? Note : Day 35 of 100 days challenge. Refer the prevoius posts in this blog to understand about the challenge.

 I have formed rules and exception for each challenge. Exception is based on other rules. Every challenge is tough. It needs rules to follow. And when going gets tough, exception shows you the path to follow. Many of us dont give importance to maintaining our health. We postpone health related activities. Follow a good health routine and see your performance in your work. You will be surprised. Every day I tell myself, "I will do things as per my challenge today, exception is for tomorrow". It makes me to keep going. The things which seems impossible at the starting, looks as possibilities now. What about you? How the new year is treating you?