EPIC UPDATE: TRADING STRATEGY FOR 23RD JULY ’12.

[epicresearch]

1. Boredom and a need to trade for the “buzz”
Try to use dead time between trades for things like self improvement training i.e. read a book by your favorite personal development guru or learn to meditate/practice Yoga! Anything that keeps you in the right frame of mind for the job of trading. A positive mindset will have a positive impact on your bottom line over time.
2. Trading when tired.
One of the great things about trading is that we can close for business whenever we want. If you are not in the correct mindset for trading then shut the shop! There will be no customers banging on the door shouting for you to open up.
3. Not taking a loss well and revenge trading
Very common and something we always need to be mindful of. I find it best to stop trading after a couple of losses in a row and refresh the mind. Everybody has a different tolerance level to losses and you should observe your actions in this area and look to improve.
-On Friday ,We had written :Will First Fill Gap of 5313 or 5159 ?
Last close :5216.60
-Now ,While Updating SGX NIFTY is down by 38 points 5177 level.

-Below 5193 will take to 5177—-5171 level !!!
-If Trades below 5177 level for 15-20 minutes with volumes will take to 5115-5094 level in hrs only.
-Gap @ 5159 to be filled !!

Now ,NF not crossing 5364 level and Closes below 5175 level for 3 Consecutive Days +Weekly close (Read it twice and save it )
Will take to 5062—-5024 level.
There after 4911—-4873 not ruled out.