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 »
If your not sure and don’t have an edge, cash IS a strategy. If you are on a cold streak, reduce size by 70% and tighten stops for a week. Stocks aren’t people, they cant be trusted, an algorithm doesn’t care that you think you know the story or the chart. Don’t be “all in”… Read More »
First of all: Happy Maha Shivratri !! On this auspicious occasion We as traders should make resolutions that should enable us to finally escape the unprofitable trading behavior . The truth is, after one week of great trading, most traders will fall back into old patterns and desperately chase the millions they think they can make… Read More »
Make Rational Decisions – Do you have a plan to enter and exit your trades? Or do you just wing it? If you have a plan, write down your rules, and make sure that you trade your plan. If you don’t, or can’t, follow your rules, hire someone who can. Respect Risk – Stock Market is… Read More »
FII’s bought 55.6 K contract of Index Future worth 1137 cores, 38.7 K Long contract were added by FII’s and 16.9 K short contracts were squared off by FII’s. Net Open Interest increased by 21.8 K contract ,so FII’s added aggressive long in Index Futures and squared off shorts in index futures. Nifty did a follow up… Read More »
80% of trading is behavioral, maybe only 20% is based on the other things that a trader does. Like much of personal finance it is not the math but the behavior that makes all the difference. Most people’s problem with being broke does not lie in their budget it is due to their behavior of… Read More »
Never, NEVER cancel a stop loss. I know, I know, every time you have a stop loss in the market, the market moves just enough to stop you out, right? Well it might mean that you should evaluate where you place your stops (this is where good trading journals come in handy), but once you’ve… Read More »
Keeping a trading journal with all your trades is good but at the end of day numbers are just gonna be numbers and they don’t really tell the whole story. If you’ve already caught yourself thinking that you’re doing “something” wrong over and over again but you don’t know what it is, maybe it’s time… Read More »
The last week in Stock Market has been a roller coaster ride which would have stressed traders a lot. Professional traders know what havoc can trading stress create in both professional and personal life, so trading stress needs to be controlled. Lets discuss few steps which will help in stress mitigation. Controlling trader stress requires… Read More »