Selling Silver was recommended in the Wavemetric Mobile Application on 31st March 2017. Recommendation was given to sell silver between 42450 – 42550 keeping a stop loss at 42800 on closing basis. Silver did the trick, touched the stop level and closed below it. We often see such action in stcoks and commodities, they tend to trap traders.
Have a look how we performed during the march series. The trades here are the ones that have yielded more than 3% this month.
HDFC Limited seems well poised to continue it’s move to the uncharted territory. The correction seems to be sideways, and in its last phases as of now. 1505 will provide a great support to the script. 1495 – 1490 are critical support levels. Dips should be utilized to enter into the stock. The momentum indicators are bullish. With the expansion of the volatility new highs are expected soon.
Focus on process and positive results will come naturally.
It’s easy to get too focused on results, especially when starting out as a trader. Trading is black and white in that you make money on a trade or you don’t. A losing trade is viewed as a failure, something that needs to be fixed, and a winning trade is viewed as a success. All of us want more successes than failures, but trying to trade with this mentality can actually lead to more failures.
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The underlying premise of Elliott Wave theory is that human behavior—as manifested in the movement of the stock market—can be modeled mathematically as a series of patterns expressed by a deterministic function. This conclusion arises from a mistaken analogy between stock price movements and other phenomena found in nature. For centuries, people noticed that there were patterns in snail shells, planetary orbits, ocean tides, and many other phenomena. Read more
” Bubbles become so attractive that they eventually suck in the skeptics” – Harry Dent
A massive win for BJP in Uttar Pradesh, superb quarterly numbers, GDP rising, Inflation under control, Loan defaulters under scanner, hawkish stance on Black Money!! So much of goodness all around!! WOW!
Commodities and stocks have been on fire the past month and I think it just may be time for things to take a breather. While I continue to stay long, taking some money off the table to lock in profits is a safe play.
The typical list of success traits always includes characteristics such as discipline, focus, passion, commitment, determination, and confidence. Again these can be found almost anywhere and in any book you read. When applied right they can act as a framework for achieving success in all aspects of your life.