I have seen many people who have many indicators placed in their charts to get more accurate signals for BUY and SELL. If you ask me, I would say NO.. A BIG NO for complicated systems.
In my openion, a system should be very simple to follow and should have less indicator or no indicator. If you have less or no indicators in your chart, it is clean. You can trade on a clean chart if you know the price action. The reason I say NO TO INDICATORS because they are …

I have heard people talking about trading. Most of the traders whom I spoke were saying the below statement.
“I LOST MONEY IN TRADING”
I really feel sorry for those who have lost lacks in trading. I would like to make a point that trading is not tough. All you need to have is patience. As I told you in earlier posts, it is a game that you play with FEAR & GREED. There are traders everyday trade with FEAR and there are people who are GREEDY and over confident. These two …

I am going to tell you a small story. There was a jungle where a group of Lions and another group of Deers live. Everyday morning when the lion gets up, it thinks that I need to run faster than a deer so that I get food for me and my family. On the other hand, everyday morning when a deer gets up, it says that I need to run faster than a lion so that I can save my life. This is exactly the same as traders psychology. All …

DON’T TRADE IF YOU ARE NOT READY TO LOSE
It’s a pretty straight forward statement isn’t it? The reason is this. Market is full of money flowing like a river. If I swim along with the stream with the same direction, you earn. Else I lose. Why most of the traders lose their hard earned money? Reason is they are not correct. It is the market which is always correct.
So now to be a successful trader what should I do?
1. HAVE A TRADING SYSTEM
2. HAVE A TRADING PLAN & TRADE YOUR …

Nifty
Buy at or above 5141
Sell at or below 5123
TP 15 points from the entry
SL 20 points from the entry