As 2014 come to an end, it’s an important time for a trader; it’s time for you to make an honest assessment of your trading performance over the last year. This is an excellent opportunity for you to learn and grow, both as a trader and a person. Seriously, whether you’ve had a bad trading… Read More »
The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use… Read More »
How Bulls markets are made? “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria” – Sir John Templeton India has first major Bull market when Sensex moved from 400 in 1989 to 4546 in April 1992 a Rally of almost 1100% in matter of 3 years which will… Read More »
Recently, a couple people I know packed up and quit trading after struggling for a long time to hold their heads above water. They didn’t make it. This isn’t unusual of course – this profession has a high failure rate – but it frustrated me. It frustrated me because I could see potential in them.… Read More »
You Might be a Bad Trader if: You are 100% sure about a trade being a winner so you have no need to manage risk. You go all in on one trade and it will make you are break you. You like to buy deep out of the money stock options not understanding how… Read More »
In trading most new traders allow hope and fear to dictate their trading. They have a losing trade and instead of selling it and getting out they instead hope it will come back to even allowing the loss to grow. Another error for new traders is that when they have a winning trade they fear… Read More »
Fellow traders most of the time you might have heard to trade with a stop loss. I relate stop loss to buying an insurance for our uncertain future. Strange to me that most of the experts or analysts tell you to keep stop loss but 85% times people do trade without stop loss ( Source… Read More »
In Continuation with Previous Post Trading Mindset :Professional trader should have Part -I LESS IS MORE To the experienced professional trader “less is more.” There is not the urgency to get into trades to be trading because “that is the way to make money.” Rather, this urgency mindset is dangerous to the trading account balance.… Read More »
History Andrews developed his own method of predicting where price is going to go in the market. He said that his method will predict with 80% certainty where price is going to be. He originally called it the Median Line Method. One of the most popular Median Line Method tools were the reaction lines. These… Read More »
This is the message one of my students wrote to me “I don’t get it. I know there is good money to be made in trading (I see people doing it) and I’ve known success before. It’s not like I don’t know what a winning mindset is. I’ve proven myself before. Yet trading success still… Read More »