Category Archives: Learn
Be Flexible and Develop Mental Edge to Win in Trading
Flexibility for the trader to move with price action is the key to successful trading. You can be rigid with your rules and risk management but you must be flexible when it comes to how the future plays out in price action for any market or stock. It is not those that predict the future… Read More »
Conquer the Four Fears to be Profitable trader Part-III
In Continuation with Previous Post 4. Fear of Not Being Right Too many traders care too much about being proven right in their analysis on each trade, as opposed to looking at trading as a probability game in which they will be both right and wrong on individual trades. In other words, their overall method… Read More »
Conquer the Four Fears to be Profitable trader Part-II
In Continuation with Previous Post 2. Fear of Missing Out Every trend always has its doubters, but I often notice that many skeptics of a trend will slowly become converts due to the fear of missing out on profits or the pain of losses in betting against that trend. The fear of missing out can… Read More »
Conquer the Four Fears to be Profitable trader Part-I
Merriam-Webster’s dictionary defines fear as “an unpleasant, often strong emotion caused by anticipation or awareness of danger, going on to explain that fear…implies anxiety and usually the loss of courage.” This definition of fear is useful in helping define the issues that traders face when coping with fear. The reality is that all traders feel… Read More »
Want to become Full Time Trader, Answer these Questions ? Part-II
In Continuation with Previous Article People you surround yourself with You might have heard, “You’re the Average of the 5 People You Hang Out with Most.” Friends have a way of influencing us. I remember meeting a very nice couple during one of our vacations. We started talking and the husband was interested in trading. However,… Read More »
Want to become Full Time Trader, Answer these Questions ?
Knowing why you are in the trading You can start by asking yourself: Why are you in the trading ? What was your initial attraction to trading? Are you thinking about it as a business or a hobby? Are you passionate about your trading? Does trading feel like a lot of work? What are your… Read More »
Holy Grail for Successful trading
Whenever I saw a Cricket playing in the field or Tennis player playing, the temptation to play like them was tremendous. If you see any Great Sportsman playing and compare yourself to them you will observe You are lacking in co-ordination, stamina, technique, strategies and above all few tricks of the game that only comes… Read More »
How to move from Unsuccessful trader to Profitable trader
Most people enter trading with the idea that they are going to make a lot of money. In other words, they have high expectations. There is nothing inherently wrong with that idea. In fact, we need motivation, and making a lot of money can be a great a motivator. Unfortunately, many traders also have low… Read More »
Do You Stick to losing positions ?
From a psychological point of view nobody wants to sell at a loss as in most situations in life making mistakes and admitting them is associated with being a loser. That’s why most people prefer sticking to a losing position. They don’t want to be labeled a loser. So they start hoping their position will… Read More »