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 »
One of the Best Article of Brett N. Steenbarger, Ph.D. Cognitive psychologists emphasize that we see what we want to see: we are all prisoners of the mental maps we create. Once a trader forms an opinion, he or she is more likely to overweight information consistent with this view than information that is contradictory.… Read More »
Source: Shared by Blog Reader Quiet Motivating One peculiar aspect of the stock market is that anybody can participate. There are no (or very low) barriers to entry. All you need is an easily available online brokerage account and the money to fund it, usually a minimum of two-thousand dollars. Once you’ve done that, anybody… Read More »
Source On February 10, 1977, with no business education or corporate management experience, Art Williams formed A.L. Williams & Associates with just 85 agents. A.L. Williams became one of the fastest-growing companies in modern business history. After six years in the industry, it was the largest term life insurance company. In ten years, it was… Read More »
We have Gujarat Election going on, We will have Exit Poll results and Election results coming in next tomorrow, markets are going to be volatile. Most of traders will be lured by the idea if one trade goes right i can make big money but one wrong trade can wipe off the whole account. In… Read More »
If only humans were more like machines. In theory, the ultimate trader would act like a robot, analyzing market data with unfailing accuracy, devising a trading plan, and executing it without flaw. But does trading work that way? Trading is more art than science. Without an intuitive grasp of the markets, it’s difficult to successfully… Read More »
Source There was a rich couple who was throwing a big new year party at their house. So they went shopping at the market where everything was of high cost and fixed price. They wanted to maintain their level of standard so didn’t mind paying for it. After purchasing all they needed, they called a… Read More »