The Winning Trader & the Blaming Trader

In trading as in all other endeavors in life there are people who take full responsibility for their own results and the consequences of their own actions and there are others who blame everybody and everything else for the bad things in their life. There are the winners and then there are the whiners. Trading is no different, and many do the homework and put in the time to become winners and make money and others just become victims of the notorious “they”.

They are crooks.
They always give me a loss.
They have destroyed my Account.
They ran the stock against me when I was in the bathroom.
They gave me a bad tip.
They just used me for a pump and dump.
They are playing games with prices.
They were running a bear raid.
They always move the Market against my Trade.

The mark of a winning trader who is a real pro is that they take full responsibility for the results of every one of their trades early in their trading career.

I lost a lot of money because I traded a position way too large for my account size because I did not respect risk.
It is my fault I lost a large amount of money on this trade because I didn’t stick to proper risk management of 1% of total capital per trade.
I lost money because I simply have no idea what I am doing, I am just trading opinions.
I lost money entering and exiting this trade due to the bid/ask spread, I understand than market makers make money on the spread and it widens in low volume.
I know there are risks in trading, but I didn’t fully comprehend how quickly I could lose a lot of money with a bad trading plan.
I lost money due to market volatility but that is part of the game.
I had a bad month trading but I have no regrets I followed my proven plan and it just didn’t work out due to the market environment.

Who is accountable for your trades? The answer to this question is very important and predicts the outcome of your long term trading career most of the time.

The true mark of a whining trader who is never going to make it in this business is one who continually blames everything but his or herself for the outcome of a bad trade.

The winning trader is bigger than any string of trades and stands head and shoulders above the market and trades with poise and confidence regardless of the short term results. They win in the end.

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Pre- Market Analysis (5th May 2022)

U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is

Pre - Market Analysis (18th April 2022)

U.S Markets closed lower on Thursday. Asian markets are all lower. Dow futures are lower right now. SGX Nifty is down 250 points. Indicating a huge gap down at the open. Reason is the Global markets underperformance plus not so good corporate results. Infosys has disappointed and missed earnings by street estimates. Infy ADR was down 9% in last 2 trading sessions in U.S Hdfc bank also missed earnings but asset quality has been improved. Today we can expect huge gap down openimg in infy. Hdfc bank has limited downside left because it has already fallen a lot after the merger news. 17150-17200 is a strong support on Nifty and this is where 200 DMA kicks in. If you are a Bull this is a large support area. Markets are oversold and this offers a good opportunity to go long. Nect support comes in at 17k. If global markets keep declining then no support would work. Bank Nifty 200 DMA kicks in at 36800. Bank Nifty looks much stronger than Nifty currently as IT isn't included in

Pre - Market Analysis (11th April 2022)

U.S Markets closed mixed on Friday. Dow Jones closed slightly higher. S&P 500 was flat and Nasdaq is very weak. Right now , Dow futures are lower. SGX Nifty is down 100 points. So we are in for a gap down opening today. Friday was a quite interesting day. As expected , RBI policy was a status quo. Nifty broke Thursday low of 17640 and traded below for quite some time. And then for a short squeeze. All the shorts were trapped and we had a big rally. Most importantly , India VIX was down 7% on Friday. I expect markets to consolidate between 17600 to 18100 for a while. I do not see a reason to be excessively bearish now. Markets went from 17700 to 18100 because of hdfc twins. And then crashed to 17600 because of these both stocks. These both stocks have given up all of their gains and are back to Pre merger levels. There is very limited downside now for these stocks and expecting these stocks to bottom out soon 17500 to 17600 is a strong buy zone on Nifty. Also earnings se

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