Eagle Eye Trader

The one common factor found with the majority is “THE FEAR TO BOOK LOSSES” though during the learning process it is time and again ingrained that you need to cut your losses and run with your profits. Then, one understands the importance and has every good intention to follow the same, but when real money is on the line, that’s where the problem starts. It is observed that there are couple of reasons why traders are hesitant to cut their losses. Firstly, your “EGO” is your biggest enemy. Now we all have egos, but when it comes to trading it works against you. Let me give you an example. You may have done extremely well academically and would have got admission to one of the top universities in the country or globally, and would have passed out with flying colors, followed by a successful corporate career with a leading MNC. Then after your successful stint in the corporate world, you decide to take up trading. When you start trading, you are carrying your baggage of triumphs and success through your life and this subconsciously makes you think that here too you will replicate your success. You follow the rules at the start but at some point of time you hit a roadblock (which every trader hits). It so happens that one of your trade is already trading below your stop loss and you haven’t exited because last time a similar thing happened you exited at your stop loss only to see the trade bouncing from your stop and going on to make a new high. As the legendary Bernard Baruch said, “Markets are meant to fool, most of the people, most of the time” so this experience tempts you to hold on to the trade, and there starts the problem as the trade continues to go lower and your account continues to bleed profusely. That’s when ego sets in reminding you that you have always been a successful person all your life, how can you go wrong here? You continue to hold on to the trade, the losses keep widening and by by the time you throw in the towel it is already too late and there’s a big hole in your P&L statement, which at times can go beyond point of no recovery. Since childhood we are hard wired to be successful. Nothing wrong with it, but you need to remember that stock markets are least bothered as to who you are, what your education is, your financial status or designation. Because “THE MARKETS WILL ALWAYS DO WHAT THEY WANT TO.” Remember that a stock that has corrected 90 %, can still go down another 90 % from there. Also another misconception that many think is that to be successful in markets you need to be intelligent, well definitely not, because here EQ>IQ. So to stay afloat and be successful in trading, as the all-time great trader Ed Seykota puts it, cut your losses, cut your losses, cut your losses, then you “MAY” have a chance. Because trading is, not about being right, it’s as George Soros says, how big you win when right and how less you lose when wrong.

Dixon 8% up today

In trading, shorter the time frame, lower the probability of being profitable. Longer the time frame, you may have a "chance".

Positional BUY HDFCBANK CMP 1448 SL 1430 target 1466 & 1505

MGL bought 1543

Lupin on move 1690💥

MGL bought 1543

Zee business leader ANIL SINGHVI has made scam with Analyst guest expert... do not trust media

SEBI bars 15 guest experts of Zee Business channel for unlawful trading, fines them ₹7.41 crore...... Capital markets regulator Sebi on Thursday issued orders of action against 15 guest experts of the Zee Business channel for unlawful trading. The entities made unlawful gains to the tune of ₹7.41 crore from such trades and the profit was shared with guest experts as per prior understanding, Sebi noted. The market regulator also asked the guest experts to pay ₹7.41 crore. The guest experts appeared on the Zee Business channel from 1 February 2022 and 31 December 2022. "The facts of this case demonstrates clear scheme of manipulation to harm the interest of investors by misguiding them to take position in securities so that profit makers could make profit at the cost of such investors," Sebi said in its 127-page order. Unlawful gains made by these profit makers come, directly or indirectly, from the pockets of innocent investors who follow the advice of guest experts unaware of the fraudulent scheme, it added. Further, Sebi restrained all the 10 entities "from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders". Also, the regulator has asked Zee Media Corporation to preserve and maintain all records, documents video records, along with their content, related to the guest experts and concerned shows till the final order of is passed. The list includes names like Simi Bhaumik, Mudit Goyal Himanshu Gupta, Ashish Kelkar, Kiran Jadhav, Ramawatar Lalchand Chotia, SAAR Securities India Private Limited, Ajaykumar Ramakant Sharma, Rupesh Kumar Matoliya, Nitin Chhalani, Kanhya Trading Company, Manan Sharecom Private Limited, SAAR Commodities Private Limited, Partha Sarathi Dhar and Nirmal Kumar Soni. SEBI in its order said that all the 15 guest experts are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders. The present proceedings are emerging from an investigation conducted by Sebi to examine high correlation between the trading activities of certain entities and the stock recommendations given by guest experts featuring in different shows broadcasted on the television channel Zee Business during the period starting from February 1, 2022 and ending with December 31, 2022.

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Best trade of the month Berger Paint 🎯

did avg in today’s fall and then reduced the position at the end of day. Carrying small position for this expiry