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 »
During my trading session when I talk to my students reasons for losing trades , I noticed a pattern that seems to pop up pretty often when talking about losing trades. As it turns out, more and more traders are losing their trades and even getting their accounts blown up by trying to short at… Read More »
By Vasanthi Hariprakash. I saw the driver trying to catch a glimpse of me in the rear-view mirror. It was around 7 in the morning. At the apartment in Hauz Khas where I had been staying in Delhi for the past few days, I was all set to head home to Bangalore, my suitcase packed.The… Read More »
All those talks about proper money management and follow your trading plans are not secret to day trading success. They are principles to keep you out of trouble only. They are similar to what kindergartens teach the kids so that they would not do stupid things to harm themselves. The real secret to day trading… Read More »
– Oh! Mind Relax Please by Swami Sukhabodhananda. We pray to God. But most often, what is the quality of our prayers? ‘Oh God! My wife is not good. Change her character. My children are not okay. Change their behavior! The next-door neighbor is a brute. He is always fighting with me for nothing, please… Read More »
Trading losses can end a career in a matter of a day, an hour, or in extreme circumstances even a few minutes Like What happened today after bank recapitalization most of PSU’s up 20+% in opening. Here I outline some of the ways I have dealt with losses in the past and how I got… Read More »
This is a story about realizing one’s potential…and about what tends to hold us all back from realizing our potential.It was the spring of 1982 and I was coaching girls’ track in a small southern Iowa town. There was a young discus thrower on the team, Jill, a sophomore who had tremendous potential. At the… Read More »
We read comic books where saints fall ill when they touch money. We are told that men and women who shun money are sages, holier than the rest, and closer to God. This is extremely peculiar, considering that Lakshmi is a goddess, the beloved of Vishnu, the preserver of the world. Vishnu is popularly worshipped… Read More »