TRADE LIKE A MONK

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Showing posts from July, 2020

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Common Sense, Sweet Investing v1.0

July 29, 2020

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How to Trade like Nicolas Darvas

A few weeks ago, I came across a book named “How I made $ 2 million in the Stock Market “ . At first I was skeptical of buying it as I thought it would talk about get rich quick thing or maybe the author would only be talking about how great he was so that he made this fortune in such a short span of time. But I am glad I ordered the book and I was hooked as soon as I started reading it! Read : Best Stock Market Books For Trader and Investors Nicolas Darvas was extremely famous in the Stock Market realm not only because of the fact that he made $ 2 Million in the stock market, but because of the way in which he made it. He had no prior knowledge of the market and was a professional dancer and continued to pursue his dancing profession and he used to tour the world for the same even when he was carrying leveraged open stock positions. As any other trader, he also went through a lot of ups and downs and los

Some Bullish Stocks ( Weekend Analysis on 11th April )

As we all have witnesses a lot of negativity around us, so i decided to talk about some positives that i am currently observing in this market. These should not be taken as buy or sell recommendations and these are not out of the woods yet. They are just looking good for a small swing and if follow through comes and is a good one, we will look to ride the trend as long as it lasts. The first idea that i would like to discuss is Maruti. T his is a weekly chart of Maruti. Over here , we can see that this channel is being respected so far and a stop loss hunting was observed. If the channel has to be respected, we should get a follow through bullish candle which closes above this week's high. Only in that case we would most probably see a retest of the high of the channel. around 6500-7000 levels. This is daily chat of Maruti. Here we can see that the area ( 5500-5600 ) can act as an immediate resistance. So if we are looking to go long, we should better wait for

What is the Best Time Frame to Trade?

Let me straight away get to the point that there is no such thing as BEST time frame for trading. It will always vary from person to person. That’s why I would urge you to stop looking for an answer to this question. You have to select the time frame that suits your personality, your psychology and it should be curated according to the time that you can devote to the screen. It’s not a one size fits all thing. Moreover, if you are copying some other trader’s trading style and time frame just because that trader is very successful, it won’t be a very good idea. The time frame that suits him or her might prove to be a disaster for you! One of my Twitter follower once told me that he trades only in the first hour of the market opening simply because he is free at that time and after that he has to go for his job. That’s not a very good way of trading I guess! The market will not work according to our convenience, we won’t get the right trades at the time which suits us. T