LEARNINGS FROM MISTAKES....

May be there won't be an end to committing mistakes in markets so long one trade...

FEW QUOTES TO OBSERVE : 

VENI VICI VIDI  in Latin phrase "I came, I saw I conquered"  first used and & popularised by Julius Caesar 

The King of Macedonia " Alexander the Great" said

"There is nothing impossible to him who will try".

"I am indebted to my father for living, but to my teacher for living well".

Here one can observe that both the cases display the valour, the commitment with courage and determination to achieve along with attributing respect to persons contributed to their achievements.

Trading is no less than a war, many times one may lose some deals but ultimately what matters is SUCCESS and the money taken home.

Now the effort is to document everyday trade process and the learnings.

For more than 4 weeks, trying to list out the approach strategies for betterment, taking insights from the mistake.

During the process, developed 5 TICKS Formula for SUCCESS IN STOCK MARKETS

1. TRADE LIKE AN OPERATOR ✔

2 INITIATE POSITIONS LIKE A PROFESSIONAL 👌

3 COVER POSITIONS LIKE AN EXPERT 👍

4 KNOCK THE SCRIP (COUNTER) LIKE A CHAMPION 🎆

5 STUDY THE SCRIP LIKE A GENIUS💕

WEEKLY UPDATE:05-08-19 TO 09-08-19

thanks to Chart ink- 3 yrs weekly chart

Indian indices first time after 3rd June NIFTY Top @  12103+

THEN THERE WAS A CLEAR NEGATIVE DIVERGENCE ON WEEKLY CHART ADDED WEIGHT ON THE DOWNSIDE TO TOUCH A LOW OF 10783 DURING THIS WEEK.

Now the positive sign is that the white candle has covered more than 80% of previous week range

Previous week Fall (Red candle) was 11311 to 10849 a fall range of  462 points

Current week (White candle) a rise from 10783 to 11181 range of  points 398 points

weekly average is @ 10966 and the closing base @ 10987

while the Nifty closed @11110 

The whole market is in the bear grip but the lower level bounce can be a short-term up move for lower-level consolidation.