As Many of you must be knowing I would be Speaker at Online Trading Summit, a free online event featuring video interviews and presentations with more than 30+ top traders. The summit is going live during the week of September 10th-16th and includes interviews with top traders who will share with you how they got… Read More »
One day a man saw an old lady, stranded on the side of the road, but even in the dim light of day, he could see she needed help. So he pulled up in front of her Mercedes and got out. His Pontiac was still sputtering when he approached her. Even with the smile on… Read More »
I want to invite you to join me today at the Online Trading Summit, a free online event featuring video interviews and presentations with more than 30+ top traders. The summit is going live during the week of September 10th-16th and includes interviews with top traders who will share with you how they got started… Read More »
In Continuation of Previous Article How Lazy Brain Stops You From Being A Trader A lot of books have been written about the two sides of our brain. The Left Side which is the more linear, formula based, procedure oriented brain and The Right Side which understands design, symphony and context. Nobel Laureate Daniel Kahneman… Read More »
We are all numb nuts. Including me. And the best part – We don’t know that we don’t know. It’s called ‘Dogmatism’ – an unshakeable belief that we know something to be true even if we don’t. It’s difficult to accept, I know. So let me take you on a wild goose chase… Listen to… Read More »
Trading Emotions Emotions have no place in a day trader, swing trader, or even long term trader’s outlook on their investments. When we try and protect ourselves from fear, we end up resorting back to our habitual instincts to enter into a place of comfort, whether or not that place is reality. We stop taking… Read More »
Risk management is one of the most important topics you will ever read about trading.As its name suggests, risk management is simply about managing your risk. Think of it as wearing a crash helmet when you are cycling, strapping your seat belt on when you are driving, or doing your warm-ups before starting a rigorous workout. We do… Read More »
Shared by Raju, Avid Blog Reader Self-Discipline It has been my experience in trading and helping new and seasoned traders, that the greatest cause of losses is the absence of self-discipline. You need self-discipline to follow your trade plan; to be patient; to take losses… and profits! And, to practice sound money management. Fear and… Read More »
I don’t know any trader who doesn’t struggle at times with their emotions. Likewise, I don’t know any trader who doesn’t wish that they could control their emotions better. Here’s an excerpt from an email I just received from a trader named Srinivasa: I have a problem with hesitation. Even though I have a strategy… Read More »
A successful executive was travelling down a neighbourhood street, going fast in his new Jaguar. He was watching for kids darting out from between parked cars and slowed down when he thought he saw something. As his car passed, no children appeared. All of a sudden, a brick flew and smashed into the Jaguar’s side door! He slammed on… Read More »