During my interaction with traders during my trading course,I came to know most of traders who loose money will keep changing their trading system the day it give them a loss. Till its milking money traders stick to it, but if 2-3 trades goes wrong they will keep the trading system on back burner and… Read More »
Once there lived a deadly cobra, on the outskirts of a village under a tree. Everyone in the village was scared of the cobra as it had bitten few people to death. One day few kids from the village were playing football near the same tree. During the play, the ball was kicked hard and… Read More »
Knowing why you are in the trading You can start by asking yourself: Why are you in the trading ? What was your initial attraction to trading? Are you thinking about it as a business or a hobby? Are you passionate about your trading? Does trading feel like a lot of work? What are your… Read More »
Once upon a time there was a guru. He was a truly enlightened soul and his reputation of wisdom and knowledge made him renowned where ever he went. There was a king who was very spiritually inclined and hearing of this guru’s reputation knew that he wanted to be a disciple of this great man.… Read More »
THE BEGINNERS LUCK SUCKER PUNCH In Gambling, this thing is called Beginner’s Luck. More often than not the first gamble makes you money. Gamble of any kind. I tried Horse Racing too. It applies everywhere. Why does that happen ? Why does God hate his children ? I think God has a lot of work… Read More »
Only six percent of the people who attempt to become professional traders actually succeed. Why do most fail? Lack of passion When people come into the world of trading many think that they only need to learn a strategy and follow the rules of that strategy. And, there are some people who actually do this… Read More »
Mental discipline is a finite resource, much like a muscle, that becomes exhausted with use.Mental Discipline is required for focus, concentration, and self‐control it can become easily depleted. As Mental Discipline becomes eroded, we become vulnerable to emotion‐driven decisions and the erratic trading behavior that follows. we can become more susceptible to the trading errors.… Read More »
Trading is a profession and nothing less. Most professions such as medical, legal, psychological,pharmaceutical, technical, mechanical, engineering, etc., require several years of education, study and effort. Not to mention the money required for learning the necessary skills. Then it takes many more years of actual practice to develop the skills and gain the experience to… Read More »
Source There was a fabulous saint in Andhra Pradesh named Vemana. There is no home in Andhra Pradesh who would not have at least a little book about him. Though his name was something else, they called him Vemana. When he was a young boy, he was known to be an utter fool. He lived… Read More »
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders… Read More »