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 »
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 »