Losing discipline is not a trading problem; it is the common result of a number of trading-related problems. Here are the most common sources of loss of discipline, culled from my work with traders: Boredom cause a lack of focus:What market we are witnessing in October Series , Choppy market with range bound trading from… Read More »
Nifty is hitting fresh 52 week highs and small and mid caps stocks have been roaring ahead. Now we had bull run in 2000 and 2203-2208 and the current rally from 5200-5800, As it has before same will happen this time traders will have paper profit and will not be able to realize it and… Read More »
Read it even if u are not much into investing …it’s a good read..interview with Warren Buffett He Speaks Now, It was a wonderful experience listening to and learning from the Master Investor- Warren Buffett himself and all I can say is that he stands alone as the reigning deity of financial world’s Mt Olympus!… Read More »
The purpose of trading is to make money. Every action should bend to that goal. That does not mean every trade makes money. It means every trade gets to closer. If you are looking for comfort, get a teddy bear. If you are looking to be right, play trivial pursuit. If you want excitement, drive… Read More »
When an amateur financial market participants are made reference to word Day Trading eyes glistens with dreams of making millions in quick time. So does Really Day trading is so simple. As you have to keep sitting in front of your screen buying and selling stocks and make huge profits. So How much do day… Read More »
One of the most common things new traders want to learn is what steps they need to follow and how much time it will take them to become successful traders. Naturally, the answers to these questions are extremely varied and it will depend on how they want to become successful and what they perceive as… Read More »
Please answer the below mentioned questionnaire and be true to yourself Are you prepared for trading? Ask yourself the following questions: 1. Do I treat my trading/investing like a business? Have I prepared for it the way I would for a business? 2. Do I have a business plan—a working document to guide my trading… Read More »
Ignoring the downside of a trade. Most traders, when entering a trade, look only at the money they think they will make by taking the trade. They rarely consider that the trade may go against them and that they could lose. The reality is that whenever someone buys a futures contract, someone else is selling that… Read More »
90% of option traders lose money Even people who are highly knowledgeable about the financial markets and work in the industry do poorly. There is evidence all over the place that losing money in options is normal and “everyone in the know knows it”. I never got good at options trading, but I never encountered… Read More »
You must have a Mission Statement. What’s your real motivation behind your trading? You must spell out your trading/investing Goals and Objectives. You cannot get from A to B very easily unless you truly know where B is. You must spell out your Trading/Investing Beliefs and Market Beliefs. Please remember this very important statement,… Read More »