Trading Strategy for 07th March ’2013.Above 5852,Target 5871-5899 level.(First half top crucial )
“The market does not know you exist. You can do nothing to influence it. You can only control your behavior.”
“The
market is not your mother. It consists of tough men and women who look
for ways to take money away from you instead of pouring milk into your
mouth.”“Most private traders on a losing streak keep trying to trade their way out of a hole. A loser thinks a successful trade is just around the corner, and that his luck is about to turn. He keeps putting on more trades and increases his size, all the while digging himself a deeper hole in the ice. The sensible thing to do would be to reduce your trading size and then stop and review your system.”
“Successful trading depends on the 3M’s – Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger – deciding when to buy and sell. Money refers to how you manage your trading capital.”
Three Days back :Written -Above 5726 will zoom to kiss 5768—5810 level.
Yesterday written :Above 5810 it will kiss 5843-5852 level.
(So from 5726 to 5849.80 level in just 2 sessions ,What else u want if u are hardcore trader ? )
”Levels not to be changed Daily “
Above 5852 level if trades with volumes and stays above for 15-20 minutes then more firework………..
Our Ultimate Target :5899——-5918 level.
Today if crosses 5852 with volumes….Then around 5880-5890 (Go short Fresh ) ……Stoploss will be 5918.
Suppose not crosses 5850 (Y.High )or 5852 and trades below 5839 with volumes then ?
Slide upto 5806-5795 not ruled out.Below 5795…More PANIC !
