Trading is Buying and selling securities or commodities on a short-term basis, hoping to make quick profits.You might hear of rags to riches stories or traders boasting about the money they made in a trade. Its am exciting business but the fact is only 5% of traders are able to make money on a consistent… Read More »
Don’t let anyone ever tell you that trading in Nifty,Stocks Commodity or Forex future game is easy. It is one of the most diffcut business to be in, As per Stats out of 100% 90% traders looses money in futures trading, 5% be at breakeven and only 5% are the one who make astrnomical sums… Read More »
Successful traders accept and expect losses. Losses are endemic to trading; they are the cost of doing business. The consistently successful trader accepts deep in his heart that his winnings will be tempered with inevitable loss. But the trader anticipates his ultimate triumph because he has structured the probabilities in his favor”.-LBR “To be a… Read More »
Bruce Stanley Kovner is the founder and Chairman of Caxton Associates, a hedge fund that trades a global macro strategy and is considered amongst the worlds top and largest 10 hedge funds with an estimated $14 billion under management . In March 2011, Kovner had an estimated net worth of around $4.5 billion On protecting… Read More »
The six stages of a developing trader are looked at below. Stage One: The Clueless Trader This is the first stage when you enter trading. You may have picked up a book on technical analysis somewhere, heard of a day trader making millions, or got lucky in an earlier stock investment. After all, how hard… Read More »
One of the Best Article I have read in recent memory!! The mental part of the game. Its an aspect of trading that can easily be ignored, we all choose how we approach this game. Some see failures as opportunities to learn and progress, while others see them as outright failures and road blocks which should be… Read More »
Dr. M. Woodruff Johnson One of the best article in recent times Rahul did it again, another big loss day, another day where he did not follow his trading plan. Rahul had taken trading courses from some very so called trading gurus. He had a trade plan, which covered minute details and was quiet comprehensive.… Read More »
Psychological Traits of the Rich Trader They have the ability to admit they were wrong and get out of a trade. They know the place where price proves them wrong. They have the ability to not only close a losing trade but reverse and go in the other direction when it is called for. The… Read More »
Always wait for the setup: no setup – no trade. Agree. If your strategy doesn’t provide you a good risk/reward trade to make, then your job is to be patient until it does. Ironically, this often requires you to sit out some very good moves in the market and be inactive at the very same times… Read More »
They are as follows: We accumulate information, we learn- buying books, asking questions, maybe going to seminars and researching what really works in trading. We begin to trade with our ‘new’ found knowledge. We make profits only to give it back very quickly and then realize we may need more knowledge or information. We accumulate… Read More »