Discipline is directly related to the bottom line of a trader's account. The Professional Trader keeps a high focus on being disciplined and sticking to his system. He disciplines himself by constantly having the thought of making money and being positive at the end of the month in the forefront of his mind. This way he keeps himself from getting caught in the now emotional moment. He stays on the sidelines when the timing is wrong to enter a trade and always places stops while trading. He moves his stops up as the market moves in his direction, acts as he is supposed to by seizing the right opportunities as they present themselves. He also stays within his risk to reward parameters.
Reliance Industries
RIL is trading in a parallel channel trading between 811-870 levels.Stock the having the most weightage on Nifty and technically looking strong as now its trading above its 100 DMA.Stock looks rip to move above....
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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/
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