The most mundane actions can have a ripple effect – holding open the door for someone, smiling at the grocery clerk—change the course of the day by affecting how we feel. That rush of good feeling that comes after a daily run, the inspiring conversation with a good friend, or the momentary flash of anger… Read More »
In Continuation with Previous Post 4. Learning How & When to Take Risks We all Remember George Soros, the billionaire who ‘broke’ the Bank of England in 1992, when he bet against the pound and made a reported £1.5bn. Learning how and when to take risks is a highly valuable skill which can pay dividends well… Read More »
The ancient Stoic philosophers like Marcus Aurelius, Seneca, and Epictetus regularly conducted an exercise known as a premeditatio malorum, which translates to a “premeditation of evils.” The goal of this exercise was to envision the negative things that could happen in life. For example, the Stoics would imagine what it would be like to lose their job… Read More »
One of the major accomplishment of becoming a successful trader is money. As Gann rightly told 95% of trader lose money so 5% trader makes money from 95% of trader, so huge money is waiting for Successful Trader. But not is not the ONLY thing you will receive there are lot many things waiting for you… Read More »
Source: Shared by Raj A New Traders Journey to Success Like any other profession, trading takes years of practice to reach the ultimate level. While doctors and lawyers have gone through higher education to obtain their license to practice, traders are required to obtain knowledge on their own. If you are in it for the… Read More »
In Continuation with Previous Article 4. Win Small Loss Big A very common mistake among traders is taking small profits and letting losses run. This is often the result of not having a trade plan. After one or two losing trades, you are very likely to take a small profit on the next trade even… Read More »
There was a very, very saintly priest whom everybody was extremely fond of. A young aspirant came to the priest’s hermitage and expressed his desire to practice spirituality. The priest said, “No, no, you are too young. I do not want to have you as my student.” The young boy said, “It is true that… Read More »
1. No Trade Plan During my Training Classes more than 90% of the traders that I come in contact with have no trade plan. They do not know what to do if they are wrong and they do not know what to do if they are right. Most of them are gambling not trading. Trading… Read More »
In Continuation with Previous Post Overbought/Oversold Overbought and oversold levels can be used to identify unsustainable price extremes. Money Flow Index (MFI) above 90 is considered overbought. Money Flow Index (MFI) below 10 is considered oversold. As the saying goes Overbought market can remain overbought for extended period of time. Strong trends can present… Read More »
Overview The Money Flow Index (“MFI”) is a momentum indicator that measures the strength of money flowing in and out of a security. It uses both price and volume to measure buying and selling pressure. Created by Gene Quong and Avrum Soudack, It is related to the Relative Strength Index, but where the RSI only… Read More »