How to get what I want? You’ve heard the expression, “What you see is what you get.” My grandfather used to say: “If you look at a tree long enough, it will move.” We see what you want to see. Psychologists tell us that nothing controls our live more than our self-image. We live like… Read More »
Emotions have no place in trading, especially for day traders as their holding period is for few hours only. Most of traders are searching for Magic Indicator or Holy Grail which will lead the desired results and will never cause any loss to them. But in Reality No matter what technical indicator or stock trading… Read More »
Someone Rightly said “Those of us who don’t learn from mistakes are destined to repeat them.” What has happened to Markets in Jan/Feb -2016 was the reminiscent of May 2006. Most of traders had no clue such a big fall can come. The 11 Most Common Mistakes of a Trader are 1. Not Having a… Read More »
I am often asked during my trading sessions – how long does it take to learn how to trade ? That is a tough question to answer. The short answer is that a DISCIPLINE and COMMITTED person can learn the basics of trading in a couple months. The long answer is that it can take… Read More »
The Mind of the Losing Trader Winning Traders have faith in their trading system and do not jump from one system to another during losing steak. Almost all winning traders have come back from blowing up their accounts or losing a lot of money, they persevered while many others quit before they won. You… Read More »
There was a farmer in Africa who was happy and content. He was happy because he was content. He was content because he was happy.One day a wise man came to him and told him about the glory of diamonds and the power that goes along with them. The wise man said, “If you had… Read More »
Whether you are day trader, positional trader or swing trader ,there are fundamental skills that each trader should master. Skill-building activities will help you sharpen your ability to make money and cash in on critical market movements. 1. Never ever go for perfect trade but focus on consistency Consistent profits are achieved from winning more than you lose –… Read More »
What Image Flash in front of your eye when you think about “PERFECT TRADER” PERFECT TRADER would carefully formulate a detailed trading strategy,trading plan working on his emotions before/during and after the trade. Traders are humans, and they don’t always behave rationally. Indeed, they tend to be driven by fear, hope, and greed, and… Read More »
Sharing Few One Liners complied during course of time, I Keep near my trading desk, to keep myself on Track. Let winners run. While momentum is in phase, the market can run much further than might be expected. Do not exit winners without reason! Be quick to admit when wrong and get out of… Read More »
By Mac Anderson. Founder, Simple Truths In 1972, Jim Cathcart was working at the Little Rock, Arkansas Housing Authority, making $525 a month, with a new wife and baby at home, no college degree, no past successes, and not much hope for the foreseeable future. One morning, he was sitting in his office listening to… Read More »