Opportunity does not travel on any schedule, you have to watch for it Trader’s job is to wait for an opportunity that can deliver explosive profits. Hence, this is a business of patience (waiting for a good opportunity). Few good trades in a month are all that one needs to make big bucks. Trying to… Read More »
On September 16, 1992 – later dubbed “Black Wednesday” — the day the British government abandoned the European Exchange Rate Mechanism (ERM), and the pound was devalued by 20% George Soros made over $1.2 billion on his short sterling trade and was dubbed “The Man Who Broke the Bank of England.” Soros funds management has… Read More »
Great traders are often thought of as talented anticipators of direction or momentum, or as exceptionally skilled risk managers, which many are. But an often overlooked trait which should always be mentioned is the successful trader’s ability to control emotions. Use Your Head! I definitely think every trader struggles with controlling our emotions from time… Read More »
by Janice Dorn, M.D., Ph.D. You must live in the present, launch yourself on every wave, and find your eternity in each moment…Henry David Thoreau How do we create our best life?How do we find that longed-for balance of fulfillment, orderliness, financial stability, and relationships? How do we produce the outcome we want in any… Read More »
One technical indicator one should always ignore: overbought and oversold. It generally has very little relevance. The best strategy – one should always have an open and neutral mindset all the time to take advantage of market opportunities SBI SBI broke 2238 made a rally till 2407 and pulled back.Now Resistance will become support so… Read More »
I have interacted with many traders and first question i ask them during my interaction with them How much return you are expecting out of the market? I get some weird answer like 50% ,100% on monthly basis and little sensible answer like 15-20%. So lets discuss a scenario to understand risk management in trading… Read More »
Market (Read boss) is always right, no matter how illogical he/she may sound. Never fight with the market. The price on the screen should be the guide, and not the price in your mind. Always have healthy respect for the market and never keep your focus away from the goal – TRADE WELL. Markets can… Read More »
by Reality Trader Have you ever heard something like “The market is a battle, be ready to fight with all you’ve got,” or “The market is a war,” or any variation of this theme? I bet you have, it’s a fairly common theme. But is it true, or better question might be: is this a… Read More »
In the world of stock trading there are Master Traders who have control over their emotions and then there are the Gambler traders who buy and sell based purely on emotion whether they realize it or not. A Master Trader combines the skill of a chess player who anticipates an opponent’s moves and plans his… Read More »
Nifty Futures Moved from 5500 to 6000 and back from 6000from 5870 today. How many points were you able to made out of it. When I interact with my readers on Mail or Phone I feel most of the people loose money for reasons as mentioned 1. They are very rigid in there views —… Read More »