Nickel 2016Jun30

Nickel gave an opportunity to buy intra day ...

Acceptance as a Trading Virtue

Its not mine... I liked it ... so I'm posting it for my own reference.
Please find the original post in the below link.

http://traderfeed.blogspot.in/2016/03/acceptance-as-trading-virtue.html

Acceptance as a Trading Virtue

I recently wrote on the topic of how the ways in which we analyze markets can generate the frustration we experience as traders.  When we try to fit markets into the ways we prefer to trade, we not only distort our processing of information; we also create inevitable drawdowns.  One trader, needing to trade trends, views a non-trending market as "choppy" and untradable.  But the trader who views markets in terms of cycles knows that there are trending periods in markets and there are mean-reverting periods.  There are higher frequency cycles and there are lower frequency ones.  The markets will tell us how they're trading.  We can listen and adapt or we can impose our own agendas and accumulate frustration.

Similarly, life has its cycles as well.  Sometimes we profit in our life experience and sometimes we face career or relationship setbacks.  Rarely does life progress in a straight line.  If we view our setbacks as opportunities to learn and adjust, we can continuously grown.  If we view our setbacks as failures, we will always internalize the sense of falling short and never sustain the confidence needed to truly move forward.

The trading psychology literature speaks a great deal of discipline and confidence and emotional control.  Rarely do we focus on acceptance as a cardinal virtue.  If we can accept the present and learn from it, we can forge a profitable future--in markets and in life.

TataSteel Fut 2016 Feb 26

TataSteel Fut 2016 Feb 26:

First day of the series..
1. Based on the market open it comfortably opened above the PDC & moved above PDH. It gave off PDH easily.
 Hence its a short. Did move well. Immediately after moving down from our short, it was so volatile, it is tricky to hold on to the short as the lot size is 2000


2. Its a TST-PDH , for a short. I hesitated & left. Thought I will wait until I get a clear BOF-PDH

3. Again another TST-PDH. Thought may be it is really not going high. So I can go short..I did go... My bad it went above PDH.

4. Wow I got a BOF-PDH , which Im favour of to go short. But I dint do this.. because I was watching some other chart at that instant. I missed this one.

5. Though PB till PDL was there.. I didnot want to go short ... as probability of sell @ PDH's is a good one than @PDL's from my experience.

6. Its a good signal to go long .. but it was tricky whether to go buy @ 6a (week buy signal) or 6b (no pull back...)

Net Result: It was a positive trade.

TataMotors Fut 2016 Feb 17

TataMotors Fut 20160217:

Gave a clear buy signal @ PDL

Review Fut 20160216

The previous sell signal in Yesbank and Axisbank was a good one...

Axis Bank Fut 2016 Feb 15

Similarly Axisbank's shows weakness at 417 ~420 area. Keep a watch on this area on 16/Feb.

These posts are nothing in anticipation. These are the planning activities.
Will review it for tomorrow.

Yesbank 2016 Feb 15

YesBank 2016 feb 15:

Why always post the post-mortem? Why not post the plan ?

YesBank's 30min chart is posted here... well established rectangle box is there.
Use it to sell, if any weakness is percieved @756 ~761 (PDH for 2016 feb 16).

Since the current trend is bearish, I m in lookout for SELL signal.
Today's strength need not considered to change that bearish view.

Let me review it for tomorrow.