People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes. The problem is not in being uncomfortable per se, the real problem is that our efforts… Read More »
In a small village in the valley, there lived a man who was always happy, kind, and well disposed to everyone he met. He always smiled and had a kind and encouraging word to say whenever necessary. Everyone who met him left feeling, better, happier and elated. People knew they could count on him, and… Read More »
If you’re an options trader, you may have heard about “Greeks” but you may not know exactly what they are or what they can do for you. What are Greeks anyway? Greeks, including Delta, Gamma, Theta, Vega and Rho, measure the different factors that affect the price of an option contract. Since there are… Read More »
Can trading be considered for a living…as a profession..as a major source of income..? It is a definite yes. But then, Can you derive your major source of income as a professional sportsperson..? Yes, but you need to put in a tremendous amount of time, discipline, hard work and above all a lot of patience.… Read More »
By Martha Stokes One of the best Written Article from my Archives Every seminar and book will tell you that controlling your emotions and having discipline in you’re trading are essential to your success. But no one tells you how to achieve emotional control and personal discipline while trading the market. Every trader sees the… Read More »
It is absolutely essential to have a trading plan in writing before you begin trading . Most of traders do not have a written trading plan, Having a Written trading plan is always an additional edge most of profitable traders have. Without a trading plan, you will be prone to inconsistent and erratic trading with… Read More »
On an average 95% of retail traders loose money in Stock market. That means not even 1 out of 10 is profitable! But most of these people who loose money do the same mistakes. Well, even I have done these mistakes at some point of time. I have spoken to many traders as part of… Read More »
“The physician has to spend long years learning anatomy, physiology, material medical and collateral subjects by the dozen. “He learns the theory and then proceeds to devote his life to the practice. He observes and classifies all sorts of pathological phenomena. He learns to diagnose. If his diagnosis is correct – and that depends upon… Read More »
There once was a farmer who discovered that he had lost his watch in the barn. It was no ordinary watch because it had sentimental value for him. After searching high and low among the hay for a long while; he gave up and enlisted the help of a group of children playing outside the… Read More »
Source One of the most basic of human instincts is to avoid pain and to seek comfort. This makes sense. No one wants to experience pain; we prefer pleasure and comfort. In trading, however, pursuing what’s comfortable is frequently not a good idea. Trading for Comfort There are many examples of trading decisions that are… Read More »