WiseMan Trading

 Any experienced trader will tell you that being successful is, in large part, a matter of overcoming all the hurdles that get in your way.  Let’s look at a few of them:Now there are two basic types of hurdles:  The physical ones and the mental o and actually, sometimes they get intertwined. 

  US markets closed higher after few days of severe sell off. But US futures are lower now. After market ours, Twitter down 14%, Amazon down 2%, Apple down 4%, Alphabet up 7%. So you can imagine the kind of roller coaster ride US markets will go through. Asian markets are mostly negative following US futures. It seems that we will consolidate in the region 11600-11700 for next few days. Markets are expected to make a big move again after US elections. We have just 3 trading sessions before US elections. So there is bound to be lot of volatility. Expecting this move to the upper side , but will have to wait for confirmations. SGX Nifty is down slightly. That is because negative Global cues and selling by both FIIs and DIIs. FIIs have sold for 421 crores and DIIs have sold for Rs 253 crores. Crude Oil:  Oil prices fell more than 3 percent on Thursday, extending the previous day’s sharp decline on the potential impact renewed coronavirus lockdowns will have on oil demand. Brent crude sett

  We are coming to the end of October series. It is a 5 week series with corporate results. Usually this kind of series will be highly volatile. Nifty moved from 10800 to 12000 in two weeks and then consolidating between 11660 and 12025 with huge volatility. There were violent sell off in intraday many times. Even yesterday Nifty fell more than 250 points intraday. Bank Nifty in last two days, up 200, then down 500, then up 900, then down 900 and up 200. US and European markets fell more than 3% yesterday due to corona virus surge. FIIs have sold for Rs 1131 crores in Cash market. Considering the kind of fall in markets, this figure is not big. Markets got into panic mode when Europe fell drastically in the afternoon. Right now SGX Nifty is trading about 60 points lower. There will be more selling if Nifty breaks 11660. In US, VIX crossed 40. That is not a good sign for bulls. In last 15 minutes, Dow fell more than 200 points. Most European markets are trading at June level. Remember o

US markets closed mixed. Due to surge in Corona virus, work from home companies are doing better. That is why Nasdaq was higher while Dow was down for 3 straight days. Even now, US futures are lower. Clearly weakness persists in US markets and that is likely to continue until election. Asian markets are also mixed. SGX Nifty is down, but we have hugely out performed yesterday. October series is nearing its end. In first 9 trading sessions, Nifty shot up 1150 points. After that, for the last three weeks, it is just consolidation. But that consolidation happened with huge volatility. I thought this week, markets will breakout. But that has not happened, so we can expect big move only after US elections. DrReddy, Hero Moto, Axis Bank, L&T, Titan are set to declare results. Yesterday Harley Davidson was up by more than 25% in US due to its tie up with Hero Moto. Bharti Airtel, Tata Motors came with good results. So far, corporate results have been very good. Microsoft came with good re

 There are only a handful of people who give a darn about supplying traders with a way to be more disciplined and focused in their trading.  I’m one of them, so I think I know why there are so few of us.  Heck, I’m in the business of supplying traders with a tool to help improve the mental side of the trading equation… the “human” element.  With (what I think) is such an important service, why am I out here virtually alone?  For a couple of reasons.    First, although most traders will admit that the mental part of trading is key to winning in the long-term, most believe they can “gut it up” and just “shake it off” when negative emotions and behaviors rear their ugly heads.  They don’t need a shrink!  They know what they need to do and by-cracky, they’ll do what needs to be done without any help!  I call this the Macho Syndrome And what’s funny is… I get most resistance to the notion of mental discipline (as formal training) from those that need it most… the emotionally out-of-control

  US markets closed higher. We will know the outcome of Stimulus talk in another few hours. But markets expecting a positive news. That is why Asian markets are higher. SGX Nifty is above yesterday's high. Yesterday IT stocks started moving higher. As expected HDFC Bank also did well. Reliance was the only drag in the market. If there is any short covering in Reliance, Nifty can kiss 12K. But markets can be volatile today. FIIs have bought for Rs 1585 crores. That is a huge buying for second straight day. DIIs have sold for Rs 1633 crores. Last two days alone, FIIs have bought for more than Rs 3000 crores. Oil prices fell on Wednesday after a surprise climb in U.S. crude stockpiles added to concerns about a global supply glut as a spike in global COVID-19 cases fuels demand fears and production returns in Libya. Govt may cap royalty payment to foreign partners of Indian companies Reliance Jio and Qualcomm Technologies have successfully tested their 5G mobile network in India, the t

  US markets closed about 1.5% lower. But Asian markets are mostly flat with negative bias. That is because there seems to be some improvement in Stimulus talks. Nasdaq is down for last 5 days and Dow is down 4 out of last 5 days. So if there is any good news about Stimulus, US markets may move significantly higher. SGX Nifty is Trading Near Yesterday closing near 11850. The reason why SGX Nifty is flat despite a big fall in U.S Markets is Because Dow Futures are up by half a percent now. U.S Markets dont like Uncertainty , any market doesn't like Uncertainty. This is causing profit booking in Emerging Markets Due to Stimulus talks being halted theres a lot of Uncertainty going around. Here Reliance, IT Stocks are not doing well. Even HDFC Bank did not do well after results. Key results are already out, except Reliance. Reliance do not move due to results, it moves due to JIO & Retail news. SO we need a trigger to cross 12000. But that trigger may not come from locally. A stron

  Pre Stock Market Report, October 19, 2020 US markets closed higher on Friday. But they closed much lower form intraday high. Over the weekend, Pelosi has set Tuesday as deadline for Stimulus talks. So hopes are reviving again on Stimulus front. Just as Narendra Modi did surgical strike just before elections and made majority in his Favour. Trump seems to be making stimulus as his weapon for Elections. So Asian markets are higher. SGX Nifty is up nearly 80 points. That is a big gap up. China data is mixed. Retail sales was up but GDP data is below street expectation. For last two trading sessions, both FIIs and DIIs were net sellers. IT stocks fell despite good results. Reliance broke 2200. These are negative news. On positive side, we have better Global cues. FIIs in F&O seems to have more longs than shorts. Since IT stocks and Reliance fell on back of news flow, we can say that had news has already factored in. For last few months, there were many sell offs. Intraday falls were

 It’s on the bottom of every piece of commodity trading literature, every commodity, Mutual funds  investment  advertisement, as demanded by the SEBI.. etc…  WARNING:  Only risk capital should be used for this kind of trading. might as well be Area 51 when it comes to investors caring the warning!  Over my trading career, I’ve talked to many traders just beginning their quests for riches and too many of them approach the market with “money they’ve saved up” for the purpose of speculation.  That may be all well and good, but before you start on your journey of pain and joy, get one thing straight.  You’re going to get emotional… just HOW emotional will be largely a function of whether your risk capital is “comfortably losable,” when you are faced with a step back on your road to profit.  The more mental and emotional investment you have in not wanting to lose your stake, the more you are likely to lose it.  OK.  You’ve got a trading system you like.  You’ve back-tested it.  You like.  Y

  US markets closed lower. No significant improvement in stimulus talks. Since there are only 3 weeks to go for Election, people are so particular who will get the credit for the Stimulus. That is the main reason why Democrates and Republicans could not agree. Asian markets are mostly down. But SGX Nifty is trading around 12K. That is because of good results from Infosys. Infosys ADR is up 4%. Infosys was down 1% here yesterday. So it has potential to go up by 5%. But ADR may not be a good indication on results day. Yesterday WIPRO fell 7% but US ADR was down only 2%. It all depends on how much long or short are there. Yesterday IV has come down significantly and hence the Option premium in Infosys. Banking sector will be in focus. Yesterday it was a good short covering rally of more than 800 points from intraday low. But there was no verdict from Supreme Court on Interest on Interest case. Things are also not clear. Govt has already file affidavit. Supreme Court asked Govt why they ha

 If you’re a new trader, you’ve got to pay your dues.  Seasoned traders know this and that’s why we love you so much. Look at your charts, mimic the experts, and buy those expensive traderecommendation newsletters. (ahaha this one is fav) Dream your dreams.  But PLEASE just keep trading, because as you trade, we’ll be on the other side, putting YOUR cash into OUR pockets.  I’m not kidding.  So the thing is, you don’t want to stay a “new trader” for long? (there are many ways to it few maybe getting mentored and mentioned below )  

 What would you rather have the perfect trading system or the perfect soul-mate?   Don’t answer that out loud!  I would venture to say that most traders are so “into” their trading that they would hesitate and ponder that question.    By the way, the answer is the perfect soulmate. That’s because there is no perfect trading system.  The perfect trading system is the right system for YOU.  Let’s assess.  Are you the Impatient Type?    Let me stress here that by impatient, I mean that you don’t like the notion of waiting more than, say, a day, to see your trade results.  You use logic like “I don’t like to stay in a trade overnight, because that’s where the risk is…anything can happen in these crazy times.”  Or…  “My signals are just as valid with a 60 second chart as they are with a weekly chart and I’d rather be able to keep adjusting.”    These things that you say to yourself (valid or not) come from your inner-self trying to move you to comfort.  Are you the Position-Trade Type?  You

 US markets closed higher. It gained more than what was lost in the previous day. Previous day, markets fell as Trump stopped Stimulus negotiation. But yesterday he was seeking many small aid packages specific to sectors. Moreover, people think, surely Democrates will win the election in the next one month. And when they win, larger stimulus than what Trump proposes will come. Asian markets are higher. Infosys ADR is up by 4.5%. So IT stocks may go up 3 to 4% here. TCS came with good results, WIPRO announced share buyback. So today, once again IT will lead the markets higher. SGX Nifty is trading around 11800. This is a fantastic rally of 1000 points in two weeks. Except in 2009, when Nifty opened gap up 20%, I do not remember Nifty shooting up 1000 points in two weeks. Few times Nifty shot up 1000 points in one month. But this time, in 6 weeks, Nifty fell 1000 points and then shot up by 1000 points. Option writers are struggling. Call option premiums are shooting up but Put premiums n

  Pre Market Report, October 5, 2020 As soon as News emerged that Donald Trump has Tested Positive for Corona. Markets all over the World fell by 1-2% except China Market. (UNDERSTAND CHRONOLOGY HERE) He has released a Video on his Twitter timeline stating next 48 hours are very critical for him and he is in a good condition now. So Asian markets are higher. SGX Nifty was below 11300 on Friday when Trump news has highlighted. But now SGX Nifty trading around 11400. Now US markets will focus on US$2.2 trillion stimulus. We have lot of local cues. FIIs have turned net buyers aggressively after selling for nearly two weeks. They have bought for Rs 1632 crores in Cash market. DIIs also bought for Rs 269 crores. Reliance retail is attracting more investments. Reliance has bagged another cheque from GIC (Govt Investment Corporation of Singapore) is investing about ₹ 5500 crores. Upside 11550-11600 is a big Resistance level. Whereas downside 11200 is a support. Expecting Markets to be Volatil

Coping With Losses: A Major Key to Successful Trading Be warned.     “Part of overall winning is taking losses along the way.”    “If you have 55% winning trades, you’ll win in the long run.”    We’ve heard it said a million times in a hundred different ways.    In any trading system, we will experience losing trades as well as winning trades. We know this.    So why is it that as we moved forward from trade to trade, we become frozen with doubt when the losing trades appear in bunches?    If you think about it, when winning trades appear in bunches, we get motivated and we look for reasons to find the next trade. We’re on a roll and we love it. We’re on top of the world.    The words “genius” and “professional trader” seem to fit us perfectly.    Conversely, when losing trades appear in bunches, we become fearful of the next trade and look for reasons to shy away from following our system.    We become filled with doubt and the words “gambler” and “loser” seem to describe us best.