The vast majority of traders are gamblers, maybe the majority of market participants are in fact gamblers. The traders that are gamblers trade with no plan and without understanding the odds are stacked against them. Whether it is buying far out of the money options with no method for profitability or randomly chasing stocks on… Read More »
For years people have swarmed to the Futures markets, hoping to find the holy grail trading system and to get rich overnight. If you really believe there is such a thing as the holy grail trading system, then why don’t more people quit their day jobs in search of this elusive creature? Part of the… Read More »
If there’s a single theme that dominates discussions of trading psychology, it’s discipline. Traders are routinely encouraged to control their emotions, stick to their processes, keep journals, whatever. If you lapse in your trading, it’s because you’re not sufficiently disciplined. Call it the puritanical approach to trading: if you don’t stick to the straight and… Read More »
The largest academic study ever conducted on day trading shows that most traders lose money even during a bull market. Only 5% of active traders were able to earn significant profits two years in a row. Are 95% of traders dumb? Hardly. As a trading coach , I believe traders are among the intelligent and… Read More »
1) Strategy – There are so many different strategies: value, growth, momentum, short selling, etc. Find one that fits your personality and do your best to master it. The fastest way to learn is to study success. In other words, find someone who is successful at the strategy you like, and then mimic them with your… Read More »
Auro Pharma Buy above 534 Tgt 538,543 and 548 SL 532 Sell below 528 Tgt 523 and 518 SL 532 HDFC Buy above 868 Tgt 873,881 and 887 SL 866 Sell below 865 Tgt 860,853 and 846 SL 867 HDIL Buy above 50.2 Tgt 50.8,51.9 and 52.6 SL 49.7 Sell below 49 Tgt 48.3,47.2 and… Read More »
Is it time to be aggressive? Are you sleeping today thinking how much money you’ll make tomorrow? Are you counting your profits before you’ve even sold it? Are you imagining tomorrow’s going to be another strongly trending up day? Believe me… you are not alone. Upward strong momentum following upside strong surprises releases euphoria in… Read More »
Adani Positional traders should look for close above 330 for short term target of 343. Buy above 328 Tgt 331,335 and 338 SL 326 Sell below 323 Tgt 318,315 and 310 SL 325 Larsen Positional traders should look for close below 1210, below it short term target comes at 1170 and 1131. Buy above… Read More »
As a trader you will not be right all of the time. If you can accept your imperfection, and work within it, you will be much more successful: If you have a perfectionist mentality when trading, you are setting yourself up for failure, because it is a “given” that you will experience losses along the… 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 »