Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

How to Play a Faster Market?

50 sec read

There are events like Union Budget 2016,BR-Exit where the downtrend was imminent followed by the faster recovery and in most of the panic situations recovery was faster than we think. And there are times where we face slower markets. One of the problem we face in today’s trading world is market changes its opinion faster than a human mindset and there are times it frustrates a traders and changes its opinions slower than we think.

thinking-fast-and-slow

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The problem is we dont want to change our opinions faster when there is a sudden trend reversal in the markets followed by a sudden reversal. Our human minds are not prepared to handle such extreme price movements. And often subject to cognitive biases followed by erroneous and emotional predictions about the market. All of us, and especially experts, are prone to an exaggerated sense of how well we understand the trading world. This is where our competitors plays a major role and take advantage by trading against majority of the opinions.

httpv://www.youtube.com/watch?v=uqXVAo7dVRU

When to think fast and when to think slow are two different brains involved. Reading “Thinking Fast and Slow” by Daniel Kahneman who won the Nobel in economic science could solve some of your thinking abilities and drives you to cultivate as habit of thinking and helps to avoid blindly repeating our same mistakes over and over again.

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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