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 »
Source: Rabbi Paysach Krohn, a popular lecturer and best-selling author of the ArtScroll Maggid series of short stories At a fundraising dinner for an American school that serves learning disabled children,the father of one of the students delivered a speech that would never be forgotten by all who attended. After extolling the school and its… Read More »
Source: Korean fable Once upon a time, a young wife named Yun Ok was at her wit’s end. Her husband had always been a tender and loving soulmate before he had left for the wars but, ever since he returned home, he was cross, angry, and unpredictable. She was almost afraid to live with her… Read More »
The vast majority of traders are gamblers, maybe the majority of market participants are in fact gamblers. The traders that are gamblers trade with no plan and without understanding the odds are stacked against them. Whether it is buying far out of the money options with no method for profitability or randomly chasing stocks on… Read More »
I would love to tell you a story. It needs to be told thousands and thousands of times because each time you will find some new fragrance, some new sweetness, some new height, some new door opening, some new sky with new stars. And there are skies beyond skies. I used to live in a place…I… Read More »