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