DPZ Shares

Nifty is a index of NSE then how we buy or sell the stock of nifty ? Lot of investor's or first time trades ask above question. when I started the trading I had similar question, then I started exploring fintwits on twitter and got to know about NIFTYBEES, BANKBEES, JUNIORBEES. Most of the well known traders buy NIFTYBEES when market is down. Trading profits are invested in the different types of BEES. BEES are highly liquid and you can pledge them for the margin with small haircut.  Using pledging of BEES you can use the margin for option selling and underlying BEES will keep growing over the time.  Above information is just for educational purpose, please trade as per your risk profile. Love, DPZ.

 Process of Trader Development   You might have read a lot about the process of Trader Development. There are tons of materials available all over the internet. As always, I have a very simple approach to this subject also.In my humble opinion there are only three stages in trader development. You need to negotiate two slippery slopes and a plateau. These stages are Structure, Tactics and Action. Structure First stage is defining the structure of the market. This is a slippery slope and most of the traders fail to climb this. Structure is simply a frame work within which the market moves. Imagine a foot ball field. There are certain rules under which the game is played. If you are not aware of these rules, you will think that the moves are random. Markets do not have such hard and fast rules, yet you need to define a framework to trade it. Nobody knows the exact structure of the market. Indicators, Market Profile, MAs, Elliot waves, Gann etc etc are all attempts to define the ...

 Trading is better than school - It teaches you how your mind works - It teaches you how people are driven by fear and greed - It teaches you how to manage your money Non-traders just don't know how much trading shapes your mind. #WAF

Only when there is a process, there will be a progress.    Keep a excel sheet, add a date column, next to that just Enter +1 if you follow the rules as per the system and enter -2 if you over ride the system. After 100 days, check out total summation. If it’s greater than 90, then it means you are really a disciplined trader. Then you can increase your lot size, if your score is less than 90, never think of increasing your capital until you are disciplined enough. Most people think intelligence is the most important trading skill. Instead, the real magic pill is knowing how to handle your emotions. “The first rule of compounding is to never interrupt it unnecessarily.”  — Charlie Munger ''Every day I assume every position I have is wrong.'' - Paul Tudor Jones  Keep it simple, when you get too complex you forget the obvious. The only question the 1% ask themselves! ''Did I follow my rules?'' A simple question but it's the only one that matters... Trad...

 Don't focus on goals like: I want to make $20k a month. It will NOT improve your results. Instead, focus on the process like: I will follow my plan consistently regardless of the outcome. I will stay out of the market when I don't have a setup. Impatience leads to the most common mistakes. Early entries, trades closed too early, rules broken, ... Patience is the most important trading skill. Trying to 10x a 10,000 account in 1 month is bad. Think in %. Aim for +2%, then +4%, then +6% and so on. If you can't manage a 10,000 account, you can't manage 1,000,000 account. Trading is all about management - yourself , your money, your attitude & your position.  It is NOT about predictions, forecasts or OPINIONS. Exiting your trades based on emotions will usually be at the worst possible price (when you can't take the pain any longer). Instead, pre-determined your exit when your head is clear—and stick to it. You'll do much better in the long run. #WAF