Gambling and excitement The trader is trading the markets for excitement and for fun, rather than for profit; much the same as most people who play in the casino. Solution If your goal is purely to have fun and to create excitement, then you need to accept the fact that profitability is unlikely. If you… Read More »
It is very important that you understand the amount of capital required to trade the markets. You want to have the ability to continue to trade the markets for the next year to twenty years without being wiped out. Most traders have no capital trading plan, use fear and greed to trade by, and over… Read More »
A young woman went to her mother and told her about her life and how things were so hard for her. She did not know how she was going to make it and wanted to give up. She was tired of fighting and struggling. It seemed as one problem was solved a new one arose.… Read More »
Biggest misconception of Retail Trader I found during my trading session I am a trader so I should trade. Well, this is the biggest mistake a trader can make. The trader’s job is not to trade but trade right based on trading strategies he has mastered on during the course of time. Trading is a… Read More »
By Rande Howell “I don’t understand myself at all. I know what I am supposed to do. But that’s not what I do. Instead, at the moment I need to be disciplined, I get rattled and do exactly what I’m not supposed to do and that’s what I keep doing. I know the trading… Read More »
A long time ago in China, a girl named Li-Li got married and went to live with her husband and mother-in-law. In a very short time, Li-Li found that she couldn’t get along with her mother-in-law at all. Their personalities were very different, and Li-Li was angered by many of her mother-in-law’s habits. In addition,… Read More »
To become a successful trader, you have to stay rational and emotionally detached. To trade successfully,you have to turn this around: Embrace the short-term pain and seek long-term emotional gratification! Most of new traders ride an emotional rollercoaster, feeling on top of the world after a win, but down in the dumps after a loss.… Read More »
Failure is part and parcel of trading but till a certain limit. At first if you don’t succeed, try, try again. And when you fail as a trader repeatedly fail and bust your trading account, is it’s wise to continue trading ? Long ago psychologists mapped out something called the inverted U theory of stress and… Read More »
By Mildred Hondorf I am a former elementary school music teacher from DeMoines, Iowa. I’ve always supplemented my income by teaching piano lessons – something I’ve done for over 30 years. Over the years I found that children have many levels of musical ability. I’ve never had the pleasure of having a protege, though I… Read More »
Most traders be it Swing trader,Day Trader i have interacted during my training session do trading on the fly, take a position when it “feels right” or “Based on Intuition” Not preparing for what lies ahead for the day, week or month can be a costly proposition and can eventually bust your trading account.Most of… Read More »