by Nipun Mehta. Years ago, I sat down for lunch, next to a young villager in India. As usual, I closed my eyes for a moment of gratitude before eating. As I opened them, I saw the most unusual thing — this boy was preparing a bite from my plate. My plate! Seeing my confusion,… Read More »
A losing trader is in denial. His equity is shrinking, but he continues to jump into trades without analyzing what is going wrong. He keeps switching between markets the way an alcoholic switches between whiskey and cheap wine. An amateur whose mind isn’t strong enough to accept a small loss will eventually take the mother… Read More »
95% of Traders lose money, It is important to learn the things that allow Profitable Traders to make money on consistent basis. If you have been trading for a while but have not been profitable these may be things that you need to start doing to stop losing money. Start Following a Trading Strategy The… Read More »
As 2017 come to an end and 2018 approaches, it’s an important time for a trader; it’s time for you to make an honest assessment of your trading performance over the last year. A time to start over. And, in the immortal words of one of my all-time favorite movies that I never forget to… Read More »
Source This is a story that happened 15 years ago but it has always stayed with me since then. On the way back from work every evening, more often than not there would be a homeless man standing at the exit of the freeway. He looked to be in his late 40’s but was probably… Read More »
He had bought and sold hundreds of stocks and several properties over those years, but had never really made any real money. He owed it to himself and his family to finally get his act together and make some changes to his trading plan. That was the day the pain of not living up to… Read More »
In Continuation with Previous Article Stage Four: The Determined Trader 1) This is the stage in which you learn to specialize in certain markets and trading methods. 2) Without realizing it, you have finally found your style of trading after hours of hard work and research. You stick to your method and you improve it… Read More »
How often do you see big moves in the market like we in 2017 Nifty rallying all the way from 7894 to 10490 , but you never find yourself profiting much from them? How often do you close a trade out prematurely just because you think you have made enough or with a small fall… Read More »
Source Interesting Read Martin Schwartz Martin Schwartz, fondly known as “Buzzy” by trading enthusiasts, is a famous Wall Street trader who made a fortune trading stocks, futures and options. He is known for winning the U.S. Investing Championship in 1984 by bringing his $40,000 account all the way up to $20 million. He is a… Read More »
Stage One: The Clueless Trader 1) Heard of a day trader making millions, or buying options is safe and can make you rich quickly 2) Beginner Luck in first few trades. 3) You will buy just to see the market reverse and you will short just as the market starts to rally.Someone is tracking my… Read More »