How do you know if your trading psychology problem is really just about trading or is a sign of larger problems? Here is a quick checklist: A) Does your problem occur outside of trading? For instance, do you have temper and self-control problems at home or in other areas of life, such as gambling or excessive spending?… Read More »
Larry Hite While the speculator doesn’t have the product knowledge or speed, he does have the advantage of not having to play. The speculator can choose to only bet when the odds are in his favor. That is an important positional advantage. In the above quote, Larry is referring to the fact that smaller retail… Read More »
As a trader we need to do constant improvement, as trading is an evolving filed and we need to adjust ourself based on changing market conditions. To be best we just need to avoid doing mistakes, the more we minimize our mistake better we will become. Below we have listed few mistakes which if avoided… Read More »
Benjamin Franklin was the youngest son of 17 children. His father was a poor candle-maker. He simply couldn’t afford to supply his youngest son with opportunities early in life. So young Franklin had to make them himself. He had to make his own way in the world. First, he spent 5 unhappy years toiling as… Read More »
In all my years of trading and talking to fellow traders, I have noticed that newbie traders are susceptible to four main psychological pitfalls. Let’s take a look at each one and examine them carefully. Hopefully, after reading this, you will be able to see them coming and stop them before they destroy your account.… Read More »
-by Swami Sukhabodhananda There was a belief in an empire that whoever becomes its emperor, would go to heaven and inscribe his name on a golden mountain. A man believing this ideology, toiled throughout his life, sacrificed his happiness and became the emperor. When he died, he went to heaven. The gatekeeper at the doors… Read More »
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 »