TECHNICAL ANALYSIS AND MONEY MANAGEMENT

The general mentality of traders is biased on the upside of markets ,,and thats why, my job as a technical analyst, becomes extremely difficult.
a few days back, i did post one nifty chart, in which i clearly put arrows , first mentioning A DOWN MOVE and than an upmove....this charts was posted after 3rd day of rise from my support lvls around 4833.

Yesterday, i said here a CORRECTION IS DUE ANY DAY.....and i also said..that, WE WILL HAVE A CLOSE LOOK FOR 1-2 DAYS....now,, what i wanted to convey, was that,, if the CORRECTION COMES, SLOWLY (WEAKER ONE) THAN , THE CORRECTION CAN BE A FRESH BUYING OPPORTUNITY....but if its strong, and if it breaks certain important lvls, than...IT CAN BE FRESH DOWN MOVE...

Somehow , from today morning itself...i WAS CONVINCED, THAT , MARKETS ARE GOING TO TANK...SO , I FELT IT EASY, WHEN I started to pass on selling messages.

WHY AM I TALKING ABOUT MONEY MANAGEMENT ??
i gave a buy call on sesa goa, yesterday, at around 374 (cash rate)..it went up and   looks to give a strong close..so i said it can be a good btst.
now, today morning, pre-open , i said to  EXIT ALL LONGS....NOW, one of my friend mentioned, that he has to incur losses + heavy delievery brokerage...he s right.
BUT,, (SMALL LOSS WAS COVERED IN ONLY ONE SELL CALL...AND I GAVE 7-8 SELL CALLS , ALL 100% SUCCESSFULL....),, HOW a trader could have used his money managed skills , yesterday itself ???

as per discussion,, he traded a good quantity in cash yesterday..SO , he could have booke 10-12 rs intraday as profit...and could have bought a future of almost equal quantity...so, he could have not only SAVED delievery brokerage, but COULD HAVE ALSO booked in profits...by not booking profits yesterday, he lost that profit and some additional LOSS today +  heavy brokerage.

so, the whole trade could have resulted in a net no profit/ no loss trade.
and todays ,huge profit making calls , would have benefited a lot.
and I AM SURE , that because of some initial loss in the early morning...he MUST have missed, atleast one/ two of my early sell  calls today.

THE BEST WAY TO EARN MONEY IN TRADING MARKETS....IS TO   1) KEEP A BLIND MIND, ,     2 )BE A ROBOT, AND FOLLOW ALL INSTRUCTIONS,,,3) GIVE EACH CALL AN EQUAL WEIGHTAGE, OFF THE RISK CAPITAL.

Because, afterall , as a ta , my job is to identify, high probabilty setups,, WHICH have relatively high success ratio.so unless a  trader learns some money management skills,,my calls wont be used upto their full potential
..SMS VERSION OF ALL OF MY CALLS TODAY., will be posted in next post, tonight.