By: Monica Hendrix In the late eighties I was reading the excellent book “Market Wizards” by Jack Shwager and was fascinated by a story of how ordinary people were taught to trade in just 14 days and went on to make hundreds of millions of dollars. How was it possible? Let’s take a look… Read More »
“The Trader’s Mindset” is what a amateur trader need to work on to move in category of professional trader. Any World Class Athlete you would have seen give much importance to the MINDSET before any big game. So its only your MIND you need to TRAIN to be a good trades. Millions of strategies but… Read More »
It is a common assumption that most traders lose money, while winning traders are few and far between. But what sets these winners apart from the masses? It isn’t the ability to pick precision entries, but rather an understanding of money management.What causes the 90% to end up unprofitable in the long run is Trading… Read More »
Recently During my training session trader asked me the following question: How to cope and manage the stress that comes with trading. I have been able to cope with the stress for a while now, but in times of market volatility I have more trouble with dealing with stress and it spilling over into my… Read More »
Source There is a Zen story; Zen Masters have loved it tremendously. When you come across it for the first time you will feel puzzled about the story — it is about a master thief. A man was known as a master thief in Japan; he was well-known, famous, all over the country. And, of… Read More »
Markets are on a Roller coaster ride whole of September and Volatility has been quiet high today most in recent time. Most of traders will be lured by the idea if one trade goes right i can make big money seeing the fall in DHFL/IBULLS but one wrong trade can wipe off the whole account.… Read More »
Trading success does not fall into our laps, sadly. The reason is to do with our inability to recognise a few simple universal laws and follow them. Our trading psychology is dominated by our ego and this prevents us from opening up to new ideas and change our habitual thinking and our trading minds. … Read More »
The mental part of the game. Its an aspect of trading that can easily be ignored, we all choose how we approach this game. Some see failures as opportunities to learn and progress, while others see them as outright failures and road blocks which should be avoided at all costs. Its all about attitude. I feel that… Read More »
How to get what I want? You’ve heard the expression, “What you see is what you get.” My grandfather used to say: “If you look at a tree long enough, it will move.” We see what you want to see. Psychologists tell us that nothing controls our live more than our self-image. We live like… Read More »
What is the difference between Sachin Tendulkar and Virendra Shewag, Both have class of their own, infact Shewag palying style is far better than Sachin instead of this Sachin is remembered as All time Greatest whereas Shewag has been forgotten by most of the Cricketing fraternity. The Big Difference is Consistency. This leads me to… Read More »