J.K Rowling, the author of Harry Potter, spoke to the graduating class of Harvard in June 2008. She didn’t talk about success. She talked about failures. Her own in particular. I absolutely love her quote. “You might never fail on the scale I did,” Rowling told that privileged audience. “But it is impossible to live without failing… Read More »
Over the years, I have seen several people (including myself) lose fortunes while trading and I’ve found that invariably, it would be for the same reasons. Such reasons appear mostly psychological and occur often in the trading scene. It is a known fact 80% of traders lose money and 20% makes profits on the expense… Read More »
Failure is part and parcel of trading but till a certain limit. At first if you don’t succeed, try, try again. And when you fail as a trader repeatedly fail and bust your trading account, is it’s wise to continue trading ? Long ago psychologists mapped out something called the inverted U theory of stress and… Read More »
Emotions play perhaps the biggest role in determining whether a trader ultimately succeeds or fails. Developing a working system is an ability that most traders ultimately develop. Some people even develop or find excellent trading systems that only need to be followed exactly as the system is intended to be followed, and the trader will make… Read More »
Big Bull Badshah of Dalal Street Rakesh Jhunjhunwala needs no introduction he is known as stock guru and warren buffet of India. By profession Rakesh Jhunjhunwala is a qualified Chartered accountant. He started his investment in stock market when BSE Sensex was at 150 in 1985. He started his investment with 5000 Rs/- and now… Read More »
Stress kills, and trading is among the most stressful of any profession. Stress-related illness accounts for between 75-90%. Take any disease known to man, and you will find:It’s caused by stress It’s made worse by stress If you get it, you will have stress In this faster and faster forward world where traders are bombarded… Read More »
The professional trader knows how to process multiple inputs, yet remains calm and decisive. In this age of information and technology there is zillions of information going round it’s easy to experience information overload. If you try to process and digest more information than you can handle, you’ll experience frustration and anxiety. If you aren’t… Read More »
Being a Know-it-all: Wanting to be right about everything more than wanting to make money is very unprofitable. It is difficult for many professionals from other fields to take a beginners mind in this new endeavor of trading. Not having patience: Trading is a long process of study, testing, mentoring, and live trading you… Read More »
Very interesting description of how traders evolve over time. The pieces of advice Bo Yoder and Vadym Graifer give at the end of the article are spot on. Definitely worth reading as every trader worth his salt can relate to all the different stages. Enjoy. Stages of a Trader Stage One: The Mystification Stage This… Read More »
This is another inspiring story to prove that anybody can succeed in achieving their dreams if they put their mind to it. No obstacle, no matter how insurmountable, can stop you from being successful. Meet Laura Sloate, aged 65. When Laura was aged 6, she became blind as a result of an illness that caused… Read More »