People who are serious about trading should read this

People who are serious about trading should read this 

Well you are putting so much time and money into this thing 

Trading where one person loses one person gains 

We heard this "Money goes from impatient to the person who has patience"

It's very important to know which business you are in otherwise you ended up losing your sleep and money 

Here are some important lessons that I learned 

1. Know the Risk , if you understand the risk then you will trade or invest accordingly

2. Find out what works for you , some people trade cash , some trade F&O and some are scalpers only but those who know max. Risk and take care of it will survive 

And when I say survive I mean it. survival is important in this business

3. Have a system which gives you An Edge 

 A mechanical system or a technique which is backtested and where you can trust the process

Where on a losing trading day you don't lose your mind but money only 

4. Strong mindset -A mindset where you can keep this thing aside 

Trading looks easy money to people and it is actually

But one mistake can make you out of the game

No matter how good you play in practice match 

Ultimately How you perform in the World cup will matter 

5. Have Mentors or group of people who can help you to shorten the learning curve and understand your approach towards trading 

You can add more in this below 👇👇

 

TIPS TO TRADE COMMODITIES

 

• Don't buy the hype. To make money, you must buy low and sell high. In the commodity market, however, people get excited when prices are high and scared when prices drop. If you buy the hype, you will end up buying high and selling low and will surely lose money. Instead, think of higher prices or lower prices as either buying or selling opportunities, depending on your position and the nature of the asset.
• Don’t try commodities trading if you’re a novice or don’t have a lot of money to work with. Buying commodities is extremely risky. Therefore, you want to make sure you’re willing to take this risk.

How to make Money in Commodity

 Making money in commodities can be challenging but also rewarding if approached with the right knowledge and strategy. Here are some general steps to help you get started:

 

 Choose a Commodity: Focus on a specific commodity or a group of related commodities that interest you and align with your knowledge and expertise. It's essential to have a deep understanding of the factors affecting that particular market.

 

 Research and Analysis: Stay updated with the latest news, industry reports, and market analysis related to your chosen commodity. Look for patterns, trends, and indicators that may influence prices. Fundamental analysis (supply and demand dynamics, weather conditions, political events) and technical analysis (charts, indicators) can be valuable tools for making informed trading decisions

Choose a Trading Strategy: Determine your trading approach based on your risk tolerance, time commitment, and market conditions. Common trading strategies include trend following, range trading, breakout trading, and spread trading. Develop a trading plan that outlines your entry and exit points, risk management techniques, and position size

Continuously Learn and Adapt: Commodity markets are dynamic and subject to various influences. Stay updated with market developments, learn from your trades, and adapt your strategies as needed. Maintain discipline and emotional control to avoid making impulsive trading decisions.

have one on one call to impove your trading in commodity

7737726236

22 th may view on #gold #silver

18 th may view on Gold & Silver

Gold 

Major zone for recovery 1950$ and 1965-70$ 

Weakness will be continued for 1950 if 1970$ break 

In mcx major support 59730 

60000 achieved now  

In silver MCX 23.2$ at current support 

And final also 

If break this too then 22.19$ can be possible downside 

Avoid long side entry and if stuck hold them 

At time of recovery average it out 

Imp. DATAS 

Initial jobless claims at 6pm 

Existing home sales at 7:30

view 12 th may commodity ( downword move can start here)

Good morning

Gold - Gold at 2010$ at current after the Initial Jobless Claims data some weakness we can see clearly here 

If gold fall below 2000$ it will surely go down to 1975$ 

In system Gold MCX have some weakness 

Avoid fresh longs and enter in shorts side after giving signal 

USDINR have strength at current

Mcx price can stuck in a range 

Silver- silver fall yesterday and broke major zone 24.6$ support 

Now 23.7$ and 23.2$ is major support zone 

If stuck buy side then wait for recovery 

Weekly closing should be above 24.28$ 

In MCX Silver start downtrend AFTER 74500 zone broke 

Now important major support 73400 

If it's break then 72100 and then 70000. 

Expiry have more then 2 months if stuck buy side wait for long side entry to Average this

WHY YOU SHOULD HAVE A SYSTEM WHEN TRADING #EDUCATION

In Commodity After Every 3-4 years there is a bullrun 

Which is a nightmare for range traders (who have a idea of moving gold in 3000 points and silver in 7-8000 points ) 

So when there is a trend continues they stuck 

If stuck buy side then it's less risky but sell side it can be a squeeze in or highly risky for overall health 

Commodities have global impact 

Trading in commodity Less risky then Stocks but only rewarding  when traded with proper risk management

Without a system a big move won't be captured and losing an opportunity cost also impact the overall performance 

Having a system is necessity for TRADING 

Buying on support and 

Selling on resistance not work all the time

 

 

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