IT RESURRECTED

After Infosys' lower than expected results and stepping down of Mohandas Pai , Wipro good results brought investors faith back to IT stocks. Negative sentiments among IT  stocks led the index to the current fall. Wipro came to rescue and with buying spree in IT, we can expect a small rally in index.

See the striking similartiy in trend in these IT stocks. A clean reversal, from black to white. Lets see why this happened.

I strongly recommend IT  stocks for tommrow. Specialy TCS and Wipro. For a longer term Infosys can be a value buying.

COMMON TRADING MISTAKES

If you don't make mistakes, you're not working on hard enough problems. And that's a big mistake.      F. Wikzek

Mistakes are inevitble in life. No matter which stream we are pursueing we ought to make some mistakes. So do traders. Mitakes in trading brings rahter bitter consequences because it cost our deary money. Hard earned or borrowed. Novice trader are prone to such mistakes. Im trying to sort out those mistakes and starting a series on such mistakes. Present one is the first in this series.
 
1. Trade Without Trading Plan : People often enters into this market with big dreams but before startging
                                                 they dont make any plan. They are not sure of their risk appetite and dont define even their objective thus their trades are marred by indiscipline. Trading withough discipline has only one destination- disaster. Trade witout objective makes them clueless about where they are going. Obviously they are not prepared, not prepared to assess their profit or bear the losses. Trade without target and stoploss will eventually go haywire. In other words we must know why we are entering into this trade? We must have solid reasoning behind making that trade? On a protective measure we must know on which condition we have to close this position? These are very simple and proven steps that can dramaticaly change your success ration. Do have a trade plan before you trade.