Discipline your self: This is what helps one to gain in the market. When the market movements as per your trading setup asks you to enter, book profit or loss just obey it. Do not let your emotion enter here thinking you will beat the market. You can always enter the position later on instead of… Read More »
Trading is one of the most exciting and money making profession.As a new trader and hearing the success stories of few people making million in short time it is tempting to jump in as early as possible head first and seek out those high profits for minimal work.However, the truth is trading has also made… Read More »
No trader can or should play the market all the time. There will be many times when you should be out of the market, sitting in cash waiting patiently for the perfect trade…. ” – Jesse Livermore “It is foolhardy to make a second trade, if your first trade shows you a loss…. As an… Read More »
Highly profitable traders are not born, they are made. They do not rely on pure luck to make consistent earnings but on their calculated moves when trading in stocks/Forex/commodities. Today lets discuss the Qualities of Top trader. 1. Discipline Without discipline, none of the other qualities matter. It is possible for any trader to invest… Read More »
We have read the stories, heard the rags to riches stories, and even known real people close to us who just quit their lucrative day jobs to become a full time trader. Unfortunately, living the trading dream is not for everyone. Some people are simply not suitable for trading, probably due to their personal disposition,… Read More »
Many traders i have trained during my training classes have confessed they were devastated by there single loss. A single loss was so deep that Market forced them out of the game.The point i want to traders to understand a loss should never be so devastating to the end result that you are thrown out… Read More »
1. Trade With a Clear Mind Do not make emotional decisions. Realize that emotions are emotions. What differentiates the successful traders from others is how we recalibrate our reactions to our emotions. Clear mind will never have Trading Fear I was watching an interview with a surfer. The interviewer asked him what he does when… Read More »
Tata Steel Tata Steel has been falling like 9 pins from high of 448 to 195 in mater of 6 months. Steel stocks are showing sign of life after being beaten down heavily in 2013. Stock is poised for crucial breakout as per fibo fans as shown in below chart. Positional traders should look for… Read More »
One of the most difficult things to get traders to understand is that no matter how much they research apply n number of indicator, they will probably do better if they did less and follow a single strategy. We as Human beings are wired to accumulate and analyzed lot of information ,This is certainly counter-intuitive, when… Read More »
In Continuation of last week post on Reversal Candlestick Pattern for traders In this article we will focus on few important chart patterns,which will help you in making better trading decisions. Bearish Head and Shoulders Pattern The head and shoulders is probably the most popular pattern used by technical traders. It is easy to spot… Read More »