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 »
I will share with you the experience of three bright colleagues who worked as professional traders for a major insurance fund. All three were extremely successful trading at their company. They had a stellar trading record for over ten years; they were in fact the company’s top three traders. Tired of office politics and the… Read More »
All of us tend to look up to big people for lessons on how to get better. We are keen to learn the secrets of their success. But we forget that sometimes the biggest lessons in life come from the smallest folks around us. Take ants for instance. Would you believe those small creatures can… Read More »
Winning traders are courageous. They show courage when they risk their money, and face the possibility of losing it. They show courage when they follow their convictions, and possibly let their pride and ego get hurt. But courageous trading is a little more complicated than it appears at first glance. Courageous trading is not merely… Read More »
For years, I was losing money because I didn’t get it. Not really. You hear it everywhere, it’s probably the best-known trader’s mantra in the world: Cut Your Losers Fast And Let Your Winners Run But most of traders are unable to implement the same in their trading. Today we will discuss the reasoning behind it. Loss… Read More »
Source “Ya to Tiranga lehrakar aunga ya to Tirange main lipta chala aunga, par aunga jaroor”(Either I will be back after hoisting the flag or I will be back wrapped in it, but I will come back for sure). These words by Captain Vikram Batra aptly sum up the spirit with which the Indian Army… Read More »
NSE Asks Clients To Get Ready For Derivative Trading Till 11:55 P.M. As of now the stock market trading starts at 9.15 am and ends at 3.30pm. extending the timing to 11:55 PM will have a huge impact on many people. Many traders saying we might not trade same was seen when Stock Exchanges started… Read More »