Midas Nifty Trades

12/08/2024

https://www.cnbctv18.com/market/suzlon-energy-fourth-straight-day-of-upper-circuit-80-1-lakh-crore-market-cap-order-19458457.htm?utm_medium=social&utm_source=whatsapp&utm_campaign=regular-editorial

Suzlon had made its stock market debut at the end of 2005 at an IPO price of ₹500. The stock, after multiple headwinds, fell to levels of ₹2 in 2019, before recovering, mainly in 2023 and this year.

04/08/2024

Here are 10 rules of trading psychology that can help traders stay focused and make better decisions:

1. Manage emotions: Emotions can drive impulsive and irrational actions, so it's important to control them. Stay calm and composed while trading, and avoid making decisions based solely on fear or greed.

2. Trade with a plan: Develop a clear trading plan with well-defined entry and exit points. Stick to your plan and avoid making impulsive trades based on gut feelings or market noise.

3. Practice risk management: Always manage your risk effectively. Use stop-loss orders to limit potential losses and avoid risking more than a predefined amount per trade or per day.

4. Avoid overtrading: Resist the urge to trade excessively. Overtrading can lead to lower profitability and increased risk. Be patient and wait for high-probability setups.

5. Accept losses as part of the game: Losses are inevitable in trading. Learn to accept them as learning opportunities rather than failures. Maintain a positive mindset and focus on the long-term profitability.

6. Stay disciplined: Discipline is crucial in trading. Stick to your strategy and follow your rules consistently. Avoid making impulsive decisions based on market fluctuations or external factors.

7. Learn from mistakes: Keep a trading journal to track your trades and analyze mistakes. Reviewing past trades and identifying patterns can help you learn from your mistakes and improve your approach.

8. Develop a realistic mindset: Avoid overly optimistic or pessimistic thinking in trading. Have realistic expectations and understand that consistent profitability takes time and effort.

9. Continuous learning: Markets are constantly changing, and traders should stay updated with new information and market trends. Continuously educate yourself and adapt to market conditions to make informed decisions.

10. Take breaks and take care of yourself: Trading can be stressful, so it's important to take breaks and maintain a healthy work-life balance. Take care of your physical and mental well-being, as it can positively impact your trading performance.

Remember that trading psychology plays a crucial role in trading success. By following these rules, traders can improve their decision-making process, manage emotions effectively, and become more consistent in their profitability.

03/08/2024

Will there be changed in August meeting of RBI ? Your opinion ?

29/07/2024

Don't fall victim of Dabba Trading, 500X leverage , 60X carry forward or such advertisements. They are traps and not only illegal. These increases losing money.

29/07/2024

Formula for winning in trading :
20% Technical Analysis,
20% Money Management,
60% Trading Psychology.

14/07/2024

Hamas initiated actions has caused more than 38000 deaths so far. How many deaths more ... ?

10/07/2024

Indian Rhinos trying to escape floodwaters in Kaziranga National Park

09/07/2024

Hi, I have been feeding and providing medicine and helping in TNR (Trap, Neuter, Release) of stray animals for more than 10 years. Throughout this time, I have served at least 500 animals.

Currently I am regularly feeding to around 37 strays. It costs 1500 approx per day (45,000 monthly) . Medical costs are unpredictable and can range to ten of thousands. There have been months when total expenses costs more than 100,000/-.I have done all this with my pocket so far. However, with changing responsibilities and commitments, I am finding it difficult to continue.

Also, i have a current need of neutering around 15 dogs in neighbourhood before breeding season for which I need immediate funds.

Requesting gentle souls to support me in the goal.

If you can't do monetary help, please help by sharing amongst your circles, FB, IG, WhatsApp groups etc.

Manish, an animal lover who has supported over 500 strays for a decade, seeks urgent funds to continue feeding, medicating, and neutering stray animals, especially 15 dogs before breeding season.

03/07/2024

Majestic Creature

03/07/2024

Coming on Catflix : 20 July 2024

02/07/2024

Good Morning 🌄

01/07/2024

Dreaming of Honey