Winning traders take responsibility for all their trades win or lose. Losing traders play the victim of algos, the RBI, and blame the markets for their losses. Winners have a trading plan Losing Traders have emotions, ego, and blame. Winners find a way to be profitable. Losing Traders find an excuse why… Read More »
Yesterday Apple gathered the press to give the world I Watch, this event when Correlated with Apple Stock can be used for case study and planning trade in similar situation around the world.
In Continuation with Previous Article How to Cure Your Trading Problems Step 4 – Commit to your plan and commit to persistent discipline Persistence means that you continue doing something even in the face of difficulty or adversity. In trading, persistence is a key ingredient to success. If you cannot muster the discipline to persistently… Read More »
Being in denial of one’s trading problems is the most dangerous stage of the trading journey. At one point or another, all traders go through this ‘denial stage’ with their trading problems, and how fast they get through it or if they get through it, is what determines when they get on the path to… Read More »
The Bear– This trading animal believes the market will be going down and plays the short side. Bears think that a market is going to be very red. The Bull– This trading animal is very optimistic that the market will be green. Bulls love to buy and believe their screen will be full of green.… Read More »
Almost everyone finds intra-day (margin) trading fascinating. Most young and first-time day-traders especially Option traders feels uits very easy to gain 5-10 per cent each day trading in Options. For instance, if you deposit Rs 20,000 with your broker then he can allow you to buy or sell shares worth Rs 80,000 (Rs 20,000 multiplied… Read More »
Don’t get out of a trade when you are afraid get out when your trailing stop or stop loss is hit. Don’t enter a trade when you are greedy for profits get in when you get an entry signal. Don’t take a huge position size because you are greedy for profits, trade a planned position… Read More »
PFC Any close above 288 stock is heading towards 300 /322 in short term. Intraday Traders can use the below mentioned levels Buy above 280 Tgt 282,285 and 290 SL 278 Sell below 276 Tgt 274,272 and 269 SL 277.5 IRB Any close above 254 stock is heading towards 267/288/300 in short term. Intraday Traders… Read More »
The Perfect Trader The Perfect Trader is patient with entries and exits. The Perfect Trader is focused on what works not personal opinions. They do not worry about missed trade. The Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are… Read More »
What’s the difference between an amateur and a professional trader? Professional Traders don’t try to avoid losses. They minimize losses but do not avoid them. Amateur traders believe they can outwit the market and are constantly searching for trading strategies with a high win-rate. How to Deal With Trading Losses Consider yourself a manager… Read More »